Technology

Technology Sector Update for 07/10/2017: XLNX,UCTT,NXTD

Top Tech Stocks

MSFT +0.89%

AAPL +0.75%

IBM +0.44%

CSCO +0.39%

GOOG +0.62

Technology stocks continued to extend their rebound into the new week on Monday, with shares of tech companies in the S&P 500 jumping out to a 0.9% gain this afternoon.

In company news, Xilinx ( XLNX ) shares advanced Monday, rising almost 3% in late trade, after analysts at Jefferies today raised their investment rating for the specialty chipmaker to Buy from Hold.

In other sector news,

(+) UCTT, Stifel increases price target by $2 to $20 a share. Also reiterates Hold rating.

(-) NXTD, Prices $3.42 mln private placement with existing institutional investors of about 2.4 mln shares and pre-funded warrants at $1.43 apiece, a % discount to Friday's closing price. Offering also includes around 1.8 mln 54-month warrants exercisable at $2 apiece.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

NXTD UCTT XLNX

Other Topics

Commodities