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Technical Reports on Tech Equities -- Micron Technology, Rambus, Veeco Instruments, and PhotronicsNEW 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, Stock-Callers.com 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: http://stock-callers.com/registration 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: http://stock-callers.com/registration/?symbol=MU
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:
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 Stock-Callers.com and access the latest research report on VECO at: http://stock-callers.com/registration/?symbol=VECO
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: http://stock-callers.com/registration/?symbol=PLAB Stock Callers: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://stock-callers.com/legal-disclaimer/
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