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Technical Reports on Tech Equities -- Micron Technology, Rambus, Veeco Instruments, and Photronics
[March 09, 2017]

Technical Reports on Tech Equities -- Micron Technology, Rambus, Veeco Instruments, and Photronics

NEW YORK, March 9, 2017 /PRNewswire/ --

The Technology economic sector consists of companies engaged in manufacturing semiconductors, communications equipment, computer hardware, and technology-related office equipment, as well as providers of consulting and IT services. Pre-market, scans the most recent performances of Micron Technology Inc. (NASDAQ: MU), Rambus Inc. (NASDAQ: RMBS), Veeco Instruments Inc. (NASDAQ: VECO), and Photronics Inc. (NASDAQ: PLAB). Today's research reports on the aforementioned stocks are downloadable for free upon registration at:

Micron Technology

On Wednesday, shares in Boise, Idaho headquartered Micron Technology Inc. recorded a trading volume of 24.91 million shares. The stock ended the session 1.01% lower at $25.38. The Company's shares have gained 4.27% in the last one month, 36.38% over the previous three months, and 15.78% on an YTD basis. The stock is trading 8.51% above its 50-day moving average and 42.83% above its 200-day moving average. Moreover, shares of Micron Technology, which provides semiconductor systems worldwide, have a Relative Strength Index (RSI) of 64.46.

On February 27th, 2017, Lexar, a global brand of Micron Consumer Products Group, Inc. and a subsidiary of Micron Technology, announced the new 256GB capacity Lexar® Professional 1000x microSDXC™ UHS-II (U3) memory card. Designed for sports camcorders, tablets, and smartphones, the Professional 1000x microSDXC UHS-II card has read transfer speeds up to 150MB per second and write speeds up to 90MB/s. The 256GB capacity card is also verified to be compatible with GoPro® cameras.

On March 03rd, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $33 a share to $34 a share. Visit us today and access our complete research report on MU at:


Sunnyvale, California headquartered Rambus Inc.'s stock closed the day 0.31% higher at $13.14. A total volume of 684,109 shares was traded, which was above their three months average volume of 668,380 shares. The Company's shares have advanced 4.70% in the past month and 1.23% in the previous three months. The stock is trading 1.49% above its 200-day moving average. Additionally, shares of Rambus, which manufactures and sells semiconductor products in South Korea and internationally, have an RSI of 56.29.

On February 09th, 2017, research firm JP Morgan upgraded the Company's stock rating from 'Neutral' to 'Overweight'.

On March 06th, 2017, Rambus announced it has signed a broad patent license agreement with Western Digital Corporation, a global storage technology and solutions leader. The agreement covers the use of Rambus patented memory technologies, including high-speed interfaces, memory architectures, resistive memory, and security technologies, in Western Digital products through 2021. The agreement also includes an additional 5-year extension option. Specific terms of the agreement were not disclosed. The complimentary report on RMBS can be downloaded at:

Veeco Instruments  

Shares in Plainview, New York headquartered Veeco Instruments Inc. recorded a trading volume of 342,431 shares. The stock ended yesterday's trading session 0.70% lower at $28.30. The Company's shares have advanced 8.43% in the past month and 4.43% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 2.62% and 26.23%, respectively. Furthermore, shares of Veeco Instruments, which together with its subsidiaries, designs, develops, manufactures, markets, and supports thin film process equipment to make light emitting diodes, micro-electromechanical systems, power electronics, wireless devices, hard disk drives, and semiconductor devices worldwide, have an RSI of 55.90.

On February 10th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.

On February 16th, 2017, Veeco Instruments reported revenues of $93.6 million for Q4 2016. The Company posted GAAP net loss per share of $0.13 and non-GAAP earnings per share of $0.09 for Q4 2016. Veeco Instruments posted non-GAAP adjusted EBITDA of $6.2 million for Q4 2016. Register for free on and access the latest research report on VECO at:


Brookfield, Connecticut-based Photronics Inc.'s stock finished Wednesday's session 0.47% higher at $10.80 with a total trading volume of 164,697 shares. The Company's shares have advanced 10.20% over the previous three months. The stock is trading above its 200-day moving average by 5.73%. Additionally, shares of Photronics, which together with its subsidiaries, manufactures and sells photomasks in Taiwan, Korea, the US, Europe, and internationally, have an RSI of 42.18.

On February 15th, 2017, Photronics reported that Q1 FY17 sales were $109.8 million, up 2% sequentially on improved IC sales. Net income attributable to Photronics' shareholders was $1.9 million ($0.03 per diluted share) for Q1 FY17. The Company's net cash improved to $264 million, providing additional financial strength and flexibility to fund growth. Get free access to your research report on PLAB at:

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