Technical Roundup on Semiconductor Stocks -- GigPeak, Advanced Semiconductor Engineering, Brooks Automation, and Universal Display

NEW YORK, March 2, 2017 /PRNewswire/ --

Today's research on Stock-Callers.com covers these Semiconductor Equipment and Materials stocks: GigPeak Inc. (NYSE MKT: GIG), Advanced Semiconductor Engineering Inc. (NYSE: ASX), Brooks Automation Inc. (NASDAQ: BRKS), and Universal Display Corp. (NASDAQ: OLED). These companies are part of the Technology sector which rose throughout trading on Wednesday, March 01st, 2017, with shares of Tech companies in the S&P 500 increasing over 1.4% in the afternoon. Sign up today and download for free the research reports for the stocks covered today at:
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GigPeak

California headquartered GigPeak Inc.'s stock finished Wednesday's session flat at $3.06 with a total trading volume of 965,039 shares. Over the last month and the previous three months, the Company's shares have advanced 18.60% and 9.68%, respectively. Additionally, the stock has gained 21.43% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 14.21% and 26.98%, respectively. Moreover, shares of GigPeak, which provides semiconductor ICs and software solutions for high-speed connectivity and video compression over the network and the cloud, have a Relative Strength Index (RSI) of 76.98.

On February 13th, 2017, Integrated Device Technology, Inc. (IDT) and GigPeak, announced that they have signed a definitive agreement for IDT to acquire GigPeak, for total cash consideration of $3.08 per share, or approximately $250 million in cash. This per share consideration would represent a premium of approximately 22% to GigPeak's closing share price on February 10th, 2017.

On February 14th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. GIG complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=GIG


Advanced Semiconductor Engineering

Shares in Taiwan-based Advanced Semiconductor Engineering Inc. declined 0.65%, ending yesterday's session at $6.14. A total volume of 976,969 shares was traded, which was above their three months average volume of 873,630 shares. The stock has gained 6.78% in the past month, 13.28% in the previous three months, and 21.83% on an YTD basis. The Company's shares are trading 9.95% above their 50-day moving average and 8.68% above their 200-day moving average. Moreover, shares of Advanced Semiconductor Engineering, which provides semiconductor packaging and testing services in the US, Taiwan, Asia, Europe, and internationally, have an RSI of 67.69.

On February 26th, 2017, Xped Limited announced that it has signed a Memorandum of Understanding with Advanced Semiconductor. The companies will now collaboratively engage to develop a binding agreement to license several Xped technologies, develop specific solutions for Advanced Semiconductor, and collaboratively market and develop solutions for Advanced Semiconductor customer base. The complimentary report on ASX can be downloaded at:
http://stock-callers.com/registration/?symbol=ASX


Brooks Automation

On Wednesday, Massachusetts headquartered Brooks Automation Inc.'s stock rose 1.87%, to close the day at $21.25 with a total trading volume of 412,524 shares. The Company's shares have advanced 23.47% in the last one month, 27.86% in the previous three months, and 24.49% on an YTD basis. The stock is trading 14.09% and 49.12% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Brooks Automation, which provides automation and cryogenic solutions for various applications and markets, have an RSI of 60.57.

On February 02nd, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $20 a share to $22 a share.

On February 03rd, 2017, Brooks Life Science announced the launch of the FluidX™ IntelliXcap™ capper and decapper. With a compact yet modular design, the versatile IntelliXcap is the industry's only 96-format full rack system to feature an interchangeable cartridge and an advanced storage media detection sensor for managing multiple tube types. Sign up for your complimentary report on BRKS at:
http://stock-callers.com/registration/?symbol=BRKS


Universal Display  

Shares in New Jersey headquartered Universal Display Corp. ended the day 0.77% higher at $85.50. A total volume of 1.04 million shares was traded, which was above their three months average volume of 638,870 shares. The stock has surged 35.39% in the last one month, 53.92% in the previous three months, and 51.87% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 34.91% and 39.37%, respectively. Furthermore, shares of Universal Display, which engages in the research, development, and commercialization of organic light emitting diode technologies and materials for use in flat panel displays and solid-state lighting applications, have an RSI of 75.35.

On February 23rd, 2017, Universal Display reported total revenue of $74.6 million for Q4 2016, up 20% on a y-o-y basis. The Company reported net income for Q4 2016 of $25.8 million compared to $18.1 million for Q4 2015.

On February 24th, 2017, research firm Canaccord Genuity reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $49 a share to $65 a share. Download the research report for free on OLED at:
http://stock-callers.com/registration/?symbol=OLED

 

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