Technology Sector Update for 06/18/2019: XLNX,SGLB,SEDG

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Top Tech Stocks

MSFT +1.29%

AAPL +2.57%

IBM +1.21%

CSCO +1.72%

GOOG +1.52%

Technology stocks were posting outsized gains this afternoon, with the shares of tech stocks in the S&P 500 rising more than 1.8% while the Philadelphia Semiconductor Index was climbing over 4.2%.

Among technology stocks moving on news:

(+) Xilinx ( XLNX ) was 6.5% higher after saying it has begun shipping its Versal AI Core series and Versal Prime series devices to several of its top tier customers through the chipmaker's early access program. Broader industry shipments should start during the second half of 2019, the company said.

In other sector news:

(-) Sigma Labs ( SGLB ) fell 4.7%. The quality-assurance software firm said it has signed a non-binding memorandum of understanding to integrate its PrintRite3D technology with the MCP controller developed by Materialise NV ( MTLS ) and providing customers with improved monitoring and increased productivity during the metal additive manufacturing process.

(+) SolarEdge Technologies ( SEDG ) rose 5.6% after Goldman Sachs raised its investment recommendation on the Israeli photovoltaic components company to neutral from sell and also increased its price target on the stock by $17 to $52 a share.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Technology , Commodities
Referenced Symbols: XLNX , SGLB , MTLS , SEDG

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