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, 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:

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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 27^th, 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 03^rd, 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:

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Rambus  

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

On March 06^th, 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:

http://stock-callers.com/registration/?symbol=RMBS

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

On February 16^th, 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:

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Photronics  

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 15^th, 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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