Lam Research Corp. (NASDAQ:LRCX) was upgraded by stock analysts at Ned Davis Research from a “neutral” rating to a “buy” rating in a report issued on Monday, Stock Ratings Network.com reports. Lam Research Corporation (NASDAQ:LRCX) shares after opening at $52.99 moved to $53.09 on last trade day and at the end of the day closed at $52.60. Company price to sales ratio in past twelve months was calculated as 2.15 and price to cash ratio as 3.38. Lam Research Corporation (NASDAQ:LRCX) showed a negative weekly performance of -0.62%.
Lithography equipment giant ASML Holding NV (ADR) (NASDAQ:ASML) has “paused” the development of hardware meant to work with next-gen 450mm wafers, which offer 125% more wafer space (and thus better economies of scale) than current-gen 300mm wafers. Likewise, Applied Materials (AMAT) CEO Gary Dickerson says the 450mm migration “has definitely been pushed out from a timing standpoint. ASML Holding NV (ADR) (NASDAQ:ASML) shares fell -0.39% in last trading session and ended the day on $89.48. ASML return on equity ratio is recorded as 16.80% and its return on assets is 10.00%. ASML Holding NV (ADR) (NASDAQ:ASML) yearly performance is 25.82%.
Applied Materials (NASDAQ:AMAT) was the recipient of a significant growth in short interest in the month of January. As of February 28th, there was short interest totalling 63,759,886 shares, a growth of 2.7% from the February 14th total of 62,107,260 shares, AnalystRatingsNetwork.com reports. Currently, 5.3% of the company’s shares are short sold. Based on an average daily trading volume, of 13,883,722 shares, the days-to-cover ratio is presently 4.6 days. Applied Materials, Inc. (NASDAQ:AMAT) shares moved down -0.85% in last trading session and was closed at $18.72, while trading in range of $18.71-$18.97. Applied Materials, Inc. (NASDAQ:AMAT) year to date performance is 6.42%.
On March 5, 2014, Cree, Inc. (NASDAQ:CREE) announced the launch of the new CPW5 Z-Rec® high-power silicon-carbide (SiC) Schottky diodes. It is the industry’s first commercially available family of 50-amp SiC rectifiers. It is designed to reduce costs, improve efficiency, simplify systems and increase reliability of SiC technology to high-power systems from 50 kW to over 1 MW. “As the sole distributor of Cree SiC-based power products in wafer and die form, SemiDice is excited to offer the CPW5 family of Z-Rec Schottky diodes,” said Dan Cormack, CEO of SemiDice, Inc. “We are seeing increased customer demand for 50-amp Schottky diodes, and we know that as a global leader in the manufacture of advanced SiC diodes, Cree will deliver the quality and performance that our customers expect to help them minimize system cost and size. Cree, Inc. (NASDAQ:CREE) weekly performance is 1.34%. On last trading day company shares ended up $60.34. Cree, Inc. (NASDAQ:CREE) distance from 50-day simple moving average -1.87is 757%. Analysts mean target price for the company is $64.12.