“We finished 2018 with strong fourth quarter sales above the high end of our guidance driven by upside demand in our Semiconductor and Wireless test businesses. For the full year, our Semiconductor Test group delivered record memory and analog revenues, which lessened the impact of lower mobility test shipments,” CEO Mark Jagiela said.

TER shares increased 12.8%.

Additionally, semiconductor specialist STMicroelectronics (STM) strengthened on fourth-quarter earnings results, beating both revenue and profit expectations.

“2018 has been an important year for ST,” CEO Jean-Marc Chery said in a statement. “In line with the objectives we had set, we achieved significant revenue growth across our product groups, as well as a strong expansion of profitability and cash flow from operations.”

STM shares popped 10.7%.

SMH includes a 4.4% position in LRCX, 4.4% in XLNX, 1.9% in STM and 1.0% in TER. SOXX holds 3.8% in LRCX, 1.1% in TER and 4.1% in XLNX.

For more information on the tech sector, visit our technology category.

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