Semiconductor Stocks Under Review -- Applied Materials, Oclaro, Lam Research, and Teradyne

19 Sep, 2016, 05:00 ET from Chelmsford Park SA

NEW YORK, September 19, 2016 /PRNewswire/ --

Stock-Callers.com has initiated research reports on the following Semiconductor Equipment and Materials equities: Applied Materials Inc. (NASDAQ: AMAT), Oclaro Inc. (NASDAQ: OCLR), Lam Research Corp. (NASDAQ: LRCX), and Teradyne Inc. (NYSE: TER). These stocks belong to the Technology sector which was moderately lower on Friday, September 16, 2016. As per an article on NASDAQ, Tech companies in the S&P 500 dropped about 0.5% at the close. Learn more about these stocks by downloading their free research reports in PDF format at:

http://stock-callers.com/registration

Applied Materials  

On Friday, shares in Santa Clara, California-based Applied Materials Inc. recorded a trading volume of 16.24 million shares, which was above their three months average volume of 12.71 million shares. The stock ended the day at $30.05, which was 0.33% lower from the prior session. The Company's shares have surged 10.49% in the last one month, 28.70% over the previous three months, and 63.09% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.79% and 37.73%, respectively. Furthermore, shares of Applied Materials, which provides manufacturing equipment, services, and software to the semiconductor, display, solar photovoltaic, and related industries worldwide, have a Relative Strength Index (RSI) of 61.23.

On August 19th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $28 a share to $30 a share.

On September 8th, 2016, Applied Materials announced that its Board of Directors has approved a quarterly cash dividend of $0.10 per share payable on its common stock. The dividend is payable on December 15th, 2016 to shareholders of record as of November 25th, 2016. Sign up and read the free research report on AMAT at:

http://stock-callers.com/registration/?symbol=AMAT

Oclaro  

San Jose, California-based Oclaro Inc.'s stock finished the session 0.57% higher at $8.89. A total volume of 3.64 million shares was traded, which was higher than their three months average volume of 3.36 million shares. The Company's shares have gained 26.28% in the last one month, 75.69% over the previous three months, and 155.46% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 33.17% and 77.87%, respectively. Furthermore, 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 an RSI of 75.27.

On August 22nd, 2016, Oclaro announced that, effective on August 22nd, 2016, it has completed the exchanges for all $65 million of its 6% Convertible Senior Notes due 2020. Between August 8th and August 18th, 2016, Oclaro entered into privately negotiated agreements pursuant to which it (i) issued an aggregate of 34,659,972 shares of its common stock, par value $0.01 per share, and (ii) made a cash payment in the amount of $4.7 million, in exchange for $65 million aggregate principal amount of its 6.00% Convertible Senior Notes due 2020.

On September 6th, 2016, research firm Stifel reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $7.50 a share to $10 a share. The complimentary research report on OCLR can be downloaded at:

http://stock-callers.com/registration/?symbol=OCLR

Lam Research 

At the closing bell on Friday, shares in California headquartered Lam Research Corp. saw a slight decline of 0.43%, ending the day at $92.96. The stock recorded a trading volume of 2.09 million shares. The Company's shares have advanced 3.39% in the last one month, 12.52% over the previous three months, and 18.34% since the start of this year. The stock is trading 2.32% above its 50-day moving average and 16.09% above its 200-day moving average. Moreover, shares of Lam Research, which designs, manufactures, markets, refurbishes, and services semiconductor processing systems used in the fabrication of integrated circuits, have an RSI of 52.25.

On September 7th, 2016, Lam Research announced that it is expanding its atomic layer etching (ALE) portfolio with the addition of ALE capability on its Flex dielectric etch systems. The company stated that the new ALE process has demonstrated the atomic-level control needed to address key challenges in scaling logic devices to 10 nm and below. Register for free on Stock-Callers.com and access the latest report on LRCX at:

http://stock-callers.com/registration/?symbol=LRCX

Teradyne  

Massachusetts headquartered Teradyne Inc.'s stock ended the day 0.10% lower at $20.86. A total volume of 2.16 million shares was traded, which was above their three months average volume of 1.79 million shares. The Company's shares have gained 2.44% in the last month, 9.64% over the previous three months, and 1.85% on an YTD basis. The stock is trading 1.56% above its 50-day moving average and 4.89% above its 200-day moving average. Additionally, shares of Teradyne, which designs, develops, manufactures, and sells automatic test equipment worldwide, have an RSI of 50.48. Get free access to your research report on TER at:

http://stock-callers.com/registration/?symbol=TER

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