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 16^th, 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 17^th, 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 09^th, 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 18^th, 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 31^st, 2017, Synopsys announced that Trac Pham, CFO, will speak at the Baird Global Consumer, Technology and Services Conference on June 08^th, 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 08^th, 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

--

Daily Stock Tracker: 

Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

DST has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@dailystocktracker.com . Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY 

DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://dailystocktracker.com/disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@dailystocktracker.com
Phone number: (207)331-3313
Office Address: 377 Rivonia Boulevard, Rivonia, South Africa

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA