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

NEW YORK, August 1, 2017 /PRNewswire/ --

If you want a Stock Review on OCLR, UMC, CREE or SNPS then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Pre-market today, DailyStockTracker.com scans the following Semiconductor Equipment and Materials companies: Oclaro Inc. (NASDAQ: OCLR), United Microelectronics Corp. (NYSE: UMC), Cree Inc. (NASDAQ: CREE), and Synopsys Inc. (NASDAQ: SNPS). According to Thomson Reuters' data, Semiconductor and Semiconductor Equipment stocks are expected to see the highest growth within the Tech sector this quarter, with year-over-year earnings growth of more than 40%. Daily Stock Tracker provides great insights on these stocks in its free research reports at:

http://dailystocktracker.com/register/

Oclaro 

San Jose, California headquartered Oclaro Inc.'s shares saw a slight drop of 0.81%, finishing Monday's trading session at $9.78. A total volume of 5.80 million shares was traded. In the last month and the previous three months, the stock has advanced 3.49% and 16.99%, respectively. Additionally, the Company's shares have gained 9.27% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.33% and 7.47%, respectively. Moreover, shares of Oclaro, which designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide, have a Relative Strength Index (RSI) of 50.76.

On July 14^th, 2017, Oclaro announced that it will host a conference call on August 02^nd, 2017, at 5:00 p.m. ET to discuss its financial results for Q4 FY17 and FY17, which ended on July 01^st, 2017. A webcast of the conference call will be available under the Investors section of the Company's website. Free research report on OCLR is available at:

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United Microelectronics 

On Monday, shares in Hsinchu, Taiwan headquartered United Microelectronics Corp. recorded a trading volume of 2.70 million shares, which was above their three months average volume of 2.42 million shares. The stock ended the session 1.31% lower at $2.26. The Company's shares have gained 17.10% over the previous three months and 29.14% on an YTD basis. The stock is trading 2.91% above its 50-day moving average and 15.07% above its 200-day moving average. Furthermore, shares of United Microelectronics, which provides semiconductor wafer foundry solutions, have an RSI of 42.65.

On July 26^th, 2017, United Microelectronics announced its consolidated operating results for Q2 2017. Consolidated revenue for Q2 2017 was NT$37.54 billion, up from NT$37.42 billion in Q1 2017 and up 1.5% year-over-year from NT$37.00 billion in Q2 2016. Consolidated gross margin was 18.0% for the quarter, and net income attributable to the stockholders of the parent was NT$2.10 billion, with earnings per ordinary share of NT$0.17.

On July 27^th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The complimentary research report on UMC can be downloaded at:

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

Cree Inc. 

Shares in Durham, North Carolina headquartered Cree Inc. closed at $25.91, down 1.89% from the last trading session. The stock recorded a trading volume of 614,761 shares. The Company's shares have gained 4.52% in the last one month and 18.58% over the previous three months. The stock is trading 3.70% and 2.07% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cree have an RSI of 52.91.

On July 19^th, 2017, Cree announced that the Company expanded its leading family of Architectural Lighting Class LEDs with the new CLQ6A RGBW (red, green, blue, and white) LED. The first, individually addressable, one-watt RGBW LED in its class, the CLQ6A LED unlocks new designs that were previously not possible. The four-in-one LED provides a single-point source for excellent optical control, efficient color mixing, and simplified design, enabling lighting manufacturers to offer beautiful and differentiated architectural lighting. Visit DailyStockTracker.com today and access our complete research report on CREE at:

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Synopsys 

Mountain View, California headquartered Synopsys Inc.'s stock ended 0.18% higher at $76.57 with a total trading volume of 579,661 shares. The Company's shares have advanced 4.93% in the last one month, 3.56% over the previous three months, and 30.09% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.83% and 13.10%, respectively. Furthermore, shares of Synopsys, which provides electronic design automation software products used to design and test integrated circuits, have an RSI of 62.78.

On July 25^th, 2017, Synopsys introduced its complete DesignWare® High Bandwidth Memory 2 (HBM2) IP solution consisting of controller, PHY, and verification IP, enabling designers to achieve up to 307 GB/s aggregate bandwidth, which is 12 times the bandwidth of a DDR4 interface operating at 3200 Mb/s data rate. In addition, the DesignWare HBM2 IP solution delivers approximately ten times better energy efficiency than DDR4. Get free access to your research report on SNPS at:

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

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