Jun 6, 2017   SOURCE: PR NewsWire

Pre-Market Technical Pulse on Semiconductor Stocks -- Oclaro, United Microelectronics, Synopsys, and Advanced Semiconductor Engineering

NEW YORK, June 6, 2017 /PRNewswire/ --

Semiconductor Equipment and Materials companies engage in the design, manufacture, and sale of equipment that assists with the development of semiconductors. They, many times, also engage in the development of semiconductors themselves. For today, DailyStockTracker.com monitors these four stocks: Oclaro Inc. (NASDAQ: OCLR), United Microelectronics Corp. (NYSE: UMC), Synopsys Inc. (NASDAQ: SNPS), and Advanced Semiconductor Engineering Inc. (NYSE: ASX). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:

http://dailystocktracker.com/register

Oclaro 

San Jose, California headquartered Oclaro Inc.'s stock finished Monday's session 3.54% higher at $9.64 with a total trading volume of 10.69 million shares. The Company's shares have advanced 18.28% in the past month, 1.58% in the previous three months, and 7.71% since the start of this year. The stock is trading 8.14% above its 50-day moving average and 9.16% above its 200-day moving average. Additionally, 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 62.72.

On May 16th, 2017, Oclaro announced that it has won Light Reading's 2017 Leading Lights Award for the industry's "Outstanding Components Vendor." This coveted award is given to the components vendor that stands out from its competitors, innovates constantly, helps set the industry trends, makes investors proud, and makes employees happy.

On May 17th, 2017, research firm Rosenblatt initiated a 'Buy' rating on the Company's stock, with a target price of $12 per share. OCLR complete research report is just a click away at:

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

On Monday, shares in Hsinchu, Taiwan headquartered United Microelectronics Corp. recorded a trading volume of 1.19 million shares. The stock ended the session flat at $2.07. The Company's shares have advanced 2.99% in the last one month, 6.70% in the previous three months, and 18.29% on an YTD basis. The stock is trading 4.57% above its 50-day moving average and 9.49% above its 200-day moving average. Moreover, shares of United Microelectronics, which provides semiconductor wafer foundry solutions, have an RSI of 63.93.

On May 09th, 2017, United Microelectronics reported unaudited net sales for the month of April 2017. Revenue for the month was NT$11,926,270, compared to NT$10,764,403 in April 2016. Revenue for the period of January 2017 to April 2017 was NT$49,344,220 compared to NT$45,168,482 in the same period last year. The complimentary report on UMC can be downloaded at: http://dailystocktracker.com/registration/?symbol=UMC Synopsys 

Mountain View, California headquartered Synopsys Inc.'s shares closed the day 0.08% lower at $75.76. The stock recorded a trading volume of 905,426 shares. The Company's shares have gained 2.38% in the last month, 7.08% over the previous three months, and 28.71% on an YTD basis. The stock is trading 3.89% and 17.22% 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 66.29.

On May 18th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $77 a share to $85 a share.

On May 31st, 2017, Synopsys announced that Trac Pham, CFO, will speak at the Baird Global Consumer, Technology and Services Conference on June 08th, 2017, at the InterContinental New York Barclay Hotel in New York. This event will be broadcast live on that same day at 9:40 a.m. ET over the Internet via the Company's corporate website. Sign up for your complimentary report on SNPS at:

http://dailystocktracker.com/registration/?symbol=SNPS Advanced Semiconductor Engineering 

Shares in Kaohsiung, Taiwan-based Advanced Semiconductor Engineering Inc. finished 1.25% higher at $6.48. The stock recorded a trading volume of 908,612 shares. The Company's shares have advanced 5.54% in the last one month, 5.54% in the previous three months, and 28.57% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 2.48% and 9.77%, respectively. Furthermore, shares of Advanced Semiconductor Engineering, which provides a range of semiconductors packaging and testing, and electronic manufacturing services in the US, Taiwan, Asia, Europe, and internationally, have an RSI of 63.51.

On May 08th, 2017, the Company announced unaudited consolidated net revenues of NT$20.49 million for April 2017. Net revenues for the ATM assembly testing and material business on April 2017 were NT$12.48 million. Download the research report for free on ASX at:

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

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