Technology stocks continued their recent surge on Thursday, with the SPDR Technology Select Sector ETF (XLK) rising 2.0% while the Philadelphia Semiconductor Index was gaining 4.5% this afternoon.
In company news, KLA (KLAC) gained 7.4% after the semiconductor equipment company said investors tendered nearly $706 million of its 4.650% senior notes due 2024 by Tuesday's early deadline, exceeding the $500 million the company had made available for the bond repurchases.
Byrna Technologies (BYRN) rose 8.5% after the non-lethal firearm technology firm reported a 13.3% year-over-year decline in Q2 revenue to $11.6 million but still beat the two-analyst mean expecting nearly $11.0 million in revenue for the three months ended May 31.
VIA Optronics (VIAO) was 4% higher after announcing an order from an unnamed "tier 1" electric vehicle manufacturer in China for its instrument cluster and center information display. The six-year deal is expected to begin production during the second half of 2023 and provide "a strong contribution" to top-line growth, according to VIA Optronics CEO Jurgen Eichner. Other financial details of the contract were not disclosed.
Gloss