Morning Technical Insight on These Semiconductor Stocks -- Advanced Semiconductor Engineering, Ambarella, Cree, and Daqo New Energy
NEW YORK, Feb. 28, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on ASX, AMBA, CREE, and DQ which can be accessed for free by signing up to www.wallstequities.com/registration. Today, WallStEquites.com navigates the Semiconductor Equipment and Materials industry, which is engaged in the design, manufacture, and sale of equipment that assists with the development of semiconductors. Under review this morning are: Advanced Semiconductor Engineering Inc. (NYSE: ASX), Ambarella Inc. (NASDAQ: AMBA), Cree Inc. (NASDAQ: CREE), and Daqo New Energy Corp. (NYSE: DQ). All you have to do is sign up today for this free limited time offer by clicking the link below.
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Advanced Semiconductor Engineering
Kaohsiung, Taiwan-based Advanced Semiconductor Engineering Inc.'s shares saw a slight decline of 0.87%, finishing Tuesday's trading session at $6.85. A total volume of 485,982 shares was traded. The stock has advanced 10.66% over the past year. The Company's shares are trading above their 50-day and 200-day moving averages by 0.91% and 6.94%, respectively. Moreover, shares of the Company, which provides a range of semiconductors packaging and testing, and electronic manufacturing services in the US, Taiwan, Asia, Europe, and internationally, have a Relative Strength Index (RSI) of 51.00.
On February 01(st), 2018, Advanced Semiconductor Engineering and Cadence Design Systems, Inc. (CDNS) announced that they have collaborated to release a System-in-Package (SiP) EDA solution that addresses the challenges of designing and verifying Fan-Out Chip-on-Substrate multi-die packages. The solution consists of the SiP-id(TM) (System-in-Package - intelligent design) design kit, an enhanced reference flow including IC packaging and verification tools from CDNS, and a new methodology that aggregates the requirements of wafer-, package-, and system-level design into a unified and automated flow. Get the full research report on ASX for free by clicking below at:
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Ambarella
On Tuesday, shares in Santa Clara, California headquartered Ambarella Inc. recorded a trading volume of 385,257 shares and ended the session 2.04% lower at $48.54. The stock is trading 8.34% below its 200-day moving average. The Company's shares have an RSI of 43.50.
On February 01(st), 2018, Ambarella announced that it will hold its Q4 FY18 conference call on March 01(st), 2018, at 1:30 p.m. Pacific Time. The Company will issue its earnings release after the market closes the same day. A webcast of the conference call will be available on the Company's investor website, under "Events & Presentations". To experience our free membership services anytime/ anywhere and access the free report on AMBA, click to register at:
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Cree Inc.
Shares in Durham, North Carolina headquartered Cree Inc. closed at $38.31, rising 2.82% from the last trading session. The stock recorded a trading volume of 1.58 million shares, which was above its three months average volume of 1.37 million shares. The Company's shares have gained 8.84% in the last month, 4.19% over the previous three months, and 39.16% over the past year. The stock is trading 5.81% and 28.48% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Cree, which provides lighting-class LED, lighting, and semiconductor products for power and radio-frequency applications, have an RSI of 65.55.
On February 19(th), 2018, Cree announced the appointment of Thomas Wessel as senior vice president of global sales and marketing, effective that day. In this role, Mr. Wessel will report to Gregg Lowe and oversee sales and marketing for the Wolfspeed(TM) power and radio frequency as well as the Company's LED components businesses.
On February 27(th), 2018, research firm Williams Capital Group reiterated its 'Hold' rating on the Company's stock with an increase of the target price from $32 a share to $36 a share. Join our big investor community at Wall St. Equities today and get your free report on CREE at:
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Daqo New Energy
Wanzhou, China headquartered Daqo New Energy Corp.'s stock ended 2.31% lower at $55.39. A total volume of 473,976 shares was traded, which was above their three months average volume of 413,940 shares. The Company's shares have advanced 3.82% over the previous three months and 116.11% over the past year. The stock is trading above its 200-day moving average by 52.91%. Furthermore, shares of the Company, which together with its subsidiaries, manufactures and sells polysilicon and wafers in China, have an RSI of 48.72.
On February 21(st), 2018, Daqo New Energy announced plans to release its unaudited financial results for Q4 FY17 and FY17 ended December 31(st), 2017 before the US markets open on February 28(th), 2018. The Company has scheduled a conference call on the same day at 8:00 a.m. US ET to discuss its results.
On February 26(th), 2018, research firm Tudor Pickering downgraded the Company's stock rating from 'Buy' to 'Hold'. Know more about DQ in our free research coverage at: www.wallstequities.com/registration/?symbol=DQ
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