Markets

Technology Sector Update for 12/14/2015: ADBE, RTEC

Top Technology Stocks:

MSFT: +0.3%

AAPL: -0.1%

IBM: flat

CSCO: +0.1%

GOOG: -0.2%

Technology shares were mixed in pre-market trade on Monday.

In technology stocks news, Adobe Systems ( ADBE ) saw its price target boosted to $110 from $95 by Argus, while the firm retained its buy rating on the stock.

Shares in the company were 0.1% higher at $91.48 pre-bell. This is within the upper band of the stock's 52 week trading range between $68.98 and $93.65.

And Rudolph Technologies ( RTEC ) said a foundry in Asia has placed a $15 million order for multiple NSX 330 Systems for inspection of next-generation fan-out wafer level packaging products, including whole-wafer inspection and post-saw inspection.

Shares were unchanged at $14.82 pre-bell. This is within the upper band of the stock's 52 week trading range between $9.35 and $15.06.

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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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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