Markets

Tech Stocks Little Changed Ahead of Closing Bell; SanDisk Down Slightly After BMO Upgrade

Top Tech Stocks

MSFT -1.11%

AAPL -0.46%

IBM +1.42%

CSCO -1.29%

GOOG +0.31%

Tech stocks are little changed with shares of technology companies in the S&P 500 slipping less than 0.1% as a group.

In company news, SanDisk Corp. ( SNDK ) is down 0.4% in late trade at $69.41 a share, earlier climbing to a new 52-week high of $70.49 following an upgrade to Market Perform from Underperform at BMO Capital Markets.

The research team also raised its price target for shares of the computer memory company by $30 - or 75% - to $70 a share.

In other sector news,

(+) SYMM, Accepts $230-million buyout offer by Microsemi ( MSCC ), with shareholders receiving $2.18 in cash for each share they now own - a 50% premium over yesterday's closing price.

(-) NFLX, Gives back early 10% rise that followed the streaming video provider posting Q3 net income of $0.52 per share, beating Street estimates by $0.03, instead falling after momentum traders apparently bailed on the high-flying stock.

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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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