Initiating Research Reports on Semiconductor Equities -- Camtek, Enphase Energy, Ambarella, and Veeco Instruments
NEW YORK, September 28, 2017 /PRNewswire/ --
If you want a Stock Review on CAMT, ENPH, AMBA, or VECO then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Investopedia reported that, in an interview with CNBC on September 21st, 2017, Susquehanna's Chris Rolland discussed his firm's rating on Semiconductors, downgrading the group to "Neutral." The financial website added that Rolland highlighted chip stocks' earnings growth of about 20% per year, suggesting that "at this point we think that is somewhat unsustainable," and that growth should decelerate to something more like 15% a year. For today, DailyStockTracker.com monitors four equites in the Semiconductor Equipment and Materials space, and they are Camtek Ltd (NASDAQ: CAMT), Enphase Energy Inc. (NASDAQ: ENPH), Ambarella Inc. (NASDAQ: AMBA), and Veeco Instruments Inc. (NASDAQ: VECO). This morning's free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at:
Migdal HaEmek, Israel headquartered Camtek Ltd's stock finished Wednesday's session 7.01% higher at $5.19 with a total trading volume of 198,862 shares. The Company's shares have advanced 18.76% in the past month, 2.47% over the previous three months, and 57.75% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.68% and 18.90%, respectively. Furthermore, shares of Camtek, which designs, develops, manufactures, and markets automated optical inspection systems for semiconductor wafers, integrated circuit substrates, and printed circuit board in Israel, have a Relative Strength Index (RSI) of 61.68. Visit us today and access our complete research report on CAMT at:
Shares in Petaluma, California headquartered Enphase Energy Inc. ended at $1.45, jumping 5.84% from the last trading session. The stock recorded a trading volume of 411,111 shares. The Company's shares have surged 57.61% in the last one month, 67.63% in the previous three months, and 43.56% on an YTD basis. The stock is trading 39.93% above its 50-day moving average and 25.97% above its 200-day moving average. Moreover, shares of Enphase Energy , which together with its subsidiaries, designs, develops, and sells microinverter systems for residential and commercial markets in the US and internationally, have an RSI of 66.32.
On September 06th, 2017, Enphase Energy announced that its Board of Directors has appointed Badri Kothandaraman as the Company's new President, CEO, and member of its Board of Directors. Mr. Kothandaraman succeeds Paul Nahi, who resigned as President, CEO, and a member of the Company's Board, effective August 08th, 2017. The complimentary report on ENPH can be downloaded at:
Santa Clara, California headquartered Ambarella Inc.'s stock ended yesterday's session 6.51% higher at $48.57. A total volume of 2.31 million shares was traded, which was above their three months average volume of 1.13 million shares. The Company's shares are trading 1.35% below their 50-day moving average. Additionally, shares of Ambarella, which develops semiconductor processing solutions for video that enable high-definition video capture, sharing, and display worldwide, have an RSI of 54.40.
On August 31st, 2017, Ambarella announced financial results for its Q2 FY18 ended July 31st, 2017. Revenue for the quarter was $71.6 million; GAAP gross margin was 62.6%; and GAAP net income was $3.3 million. Total of cash, cash equivalents, and marketable securities on hand at the end of Q2 FY18 was $400.8 million.
On September 05th, 2017, research firm Canaccord Genuity reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $72 a share to $58 a share. Register for free on DailyStockTracker.com and access the latest research report on AMBA at:
On Wednesday, shares in Plainview, New York headquartered Veeco Instruments Inc. recorded a trading volume of 661,657 shares, which was above their three months average volume of 518,940 shares. The stock finished 7.36% higher at $21.15. The Company's shares have advanced 9.59% in the last one month. The stock is trading below its 50-day moving average by 8.03%. 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 47.42.
On August 30th, 2017, research firm Needham reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $36 a share to $27 a share.
On September 25th, 2017, Veeco Instruments announced that it has shipped multiple TurboDisc® EPIK® 868 Gallium Nitride Metal Organic Chemical Vapor Deposition (MOCVD) systems to several leading Chinese LED manufacturers for the production of light emitting diodes for solid state lighting applications. Compared to previous generations, the EPIK 868 MOCVD system enables cost per wafer savings of more than 20%, with a combined advantage of best operating uptime, low maintenance costs, and best-in-class wafer uniformity. Get free access to your research report on VECO at:
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