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Pre-Market Technical Pulse on Semiconductor Stocks -- Cree Inc., Oclaro, Synopsys, and United Microelectronics
[October 10, 2017]

Pre-Market Technical Pulse on Semiconductor Stocks -- Cree Inc., Oclaro, Synopsys, and United Microelectronics


NEW YORK, October 10, 2017 /PRNewswire/ --

If you want a Stock Review on CREE, OCLR, SNPS, or UMC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Research reports have been issued by DailyStockTracker.com on select equities in the Semiconductor Equipment and Materials category, and they are: Cree Inc. (NASDAQ: CREE), Oclaro Inc. (NASDAQ: OCLR), Synopsys Inc. (NASDAQ: SNPS), and United Microelectronics Corp. (NYSE: UMC). According to an article on Global Times, the Taiwan Semiconductor Association estimated that the output value of the global Semiconductor market in 2017 is expected to grow by 9.8% compared to 2016. Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:

http://dailystocktracker.com/register/

Cree Inc. 

Durham, North Carolina headquartered Cree Inc.'s stock finished Monday's session 0.10% higher at $29.49. A total volume of 1.42 million shares was traded, which was above their three months average volume of 1.20 million shares. The Company's shares have advanced 23.65% in the past month, 13.03% in the previous three months, and 11.75% since the start of this year. The stock is trading 18.26% above its 50-day moving average and 15.72% above its 200-day moving average. Additionally, shares of Cree, which provides lighting-class light emitting diode, lighting, and semiconductor products for power and radio-frequency applications in the US, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally, have a Relative Strength Index (RSI) of 79.90.

On September 25th, 2017, Cree announced the appointment of Gregg Lowe as President and CEO, and to the Board of Directors, effective September 27th, 2017. Mr. Lowe succeeds Chuck Swoboda, who will remain on the board until the annual meeting of shareholders on October 24th, 2017. Coincident with this change, Robert Ingram, current Board member and lead independent Director of the Company, will assume the position of Chairman of the Board.

On October 06th, 2017, research firm JP Morgan downgraded the Company's stock rating from 'Neutral' to 'Underweight'. CREE complete research report is just a click away at:

http://dailystocktracker.com/registration/?symbol=CREE

Oclaro 

On Monday, shares in San Jose, California headquartered Oclaro Inc. recorded a trading volume of 2.52 million shares. The stock ended the session 0.57% lower at $8.72. The Company's shares have advanced 4.81% in the last one month. The stock is trading 0.02% above its 50-day moving average. Moreover, shares of Oclaro, which designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide, have an RSI of 51.45.

On September 15th, 2017, research firm Raymond James initiated a 'Strong Buy' rating on the Company's stock.

On September 19th, 2017, Oclaro announced photonic integrated coherent transmitters and intradyne coherent receiver for 400G ad 600G applications. These high-performance components can be configured for multiple data rates, enabling customers to cover a wide range of network applications from data center interconnects to ultra-long-haul transmission. The complimentary report on OCLR can be downloaded at:

http://dailystocktracker.com/registration/?symbol=OCLR

Synopsys 


Mountain View, California headquartered Synopsys Inc.'s shares closed the day 0.28% higher at $82.71. The stock recorded a trading volume of 355,983 shares. The Company's shares have gained 3.99% in the last month, 12.47% over the previous three months, and 40.52% on an YTD basis. The stock is trading 4.74% and 14.11% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Synopsys, which provides electronic design automation software products used to design and test integrated circuits, have an RSI of 71.53.

On October 05th, 2017, Synopsys announced the availability of the industry's first verification IP and UVM source code test suite to support the latest USB 3.2 specification. USB 3.2 enables new hosts and devices with USB Type-C™ to be designed as multi-lane solutions, allowing for up to two lanes of 5 Gbps or two lanes of 10 Gbps operation, doubling the data rate over the existing USB Type-C cables. It also supports re-timer enhancements. Sign up for your complimentary report on SNPS at:

http://dailystocktracker.com/registration/?symbol=SNPS

United Microelectronics 

Shares in Hsinchu, Taiwan headquartered United Microelectronics Corp. finished flat at $2.57. The stock recorded a trading volume of 702,564 shares. The Company's shares have advanced 12.23% in the previous three months and 46.86% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.11% and 21.26%, respectively. Furthermore, shares of United Microelectronics, which provides semiconductor wafer foundry solutions, have an RSI of 56.19.

On October 06th, 2017, United Microelectronics reported September 2017 unaudited net sales of NT$ 11,865,021. The Company also reported January to September 2017 unaudited revenues of NT$ 112,654,032. Download the research report for free on UMC at:

http://dailystocktracker.com/registration/?symbol=UMC

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