Air Products and Chemicals to Display New Technology at IPC Apex Expo



Air Products and Chemicals’ new technology

Air Products and Chemicals (APD) is expected to display its breakthrough fluxless soldering technology at the IPC APEX Expo, held from February 27 to March 1 in San Diego. This process uses its electron attachment technology for wafer-level packaging applications. The new product removes metal oxides from electroplated solder bumps on semiconductor wafers by using activated hydrogen at various pressures.

APD notes that the benefits of this technology include improved productivity, reduced costs related to cleaning equipment, and reduced furnace downtime. APD added that this technology has reduced environmental issues, as it removes organic vapors, hazardous residue, and carbon dioxide emissions.

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APD stock price update

Air Products and Chemicals (APD) stock gained 0.40% and closed at $164.27 for the week ended February 23, 2018. This gain resulted in APD to trade 1.7% above the 100-day moving average price of $161.46, indicating the prevailing upward trend in its stock. On a year-to-date basis, APD stock has risen 0.10%. 

However, analysts have projected a target price of $183.60 for APD. This forecast implies a return potential of 11.8% from its February 23, 2018, closing price. APD’s 14-day relative strength index (or RSI) of 53 indicates that the stock is neither overbought nor oversold.

Investors can indirectly hold APD via the Materials Select Sector SPDR ETF (XLB), which invests 5.3% of its portfolio in Air Products and Chemicals. XLB gained 1.3% for the week. The fund also provides exposure to Monsanto (MON), Praxair (PX), and LyondellBasell (LYB), which have weights of 7.8%, 6.5%, and 5.4%, respectively on February 23, 2018.


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