On May 8, 2014, Cree, Inc. (NASDAQ:CREE), announced it had launched a $300 billion share buyback plan as the stock has fallen to a very attractive level.With $1.2 billion in cash, Cree can easily afford this buyback, and it has the capacity to expand this authorization over time. Cree, Inc. (NASDAQ:CREE), net profit margin is 7.70% and weekly performance is -1.83%. On last trading day company shares ended up $45.54. Analysts mean target price for the company is $60.03. Cree, Inc. (NASDAQ:CREE), distance from 50-day simple moving average (SMA50) is -18.15%.
Lam Research Corporation (NASDAQ:LRCX)‘s stock had its “hold” rating restated by research analysts at Citigroup Inc. in a report released on Thursday, American Banking News reports. They currently have a $56.00 price target on the stock. Citigroup Inc.’s price target would indicate a potential downside of 0.66% from the company’s current price. Lam Research Corporation (NASDAQ:LRCX), advanced 0.46% in last trading session and ended the day on $57.18. LRCX, Gross Margin is 43.00% and its return on assets is 6.50%. Lam Research Corporation (NASDAQ:LRCX), quarterly performance is 10.28%.
On May 09, 2014, United Microelectronics Corp (ADR) (NYSE:UMC), announced over 12 percent higher net sales for April 2014. The company’s unaudited net sales in April grew 12.14 percent to NT$11.53 billion from NT$10.28 billion last year. United Microelectronics Corp (ADR) (NYSE:UMC), shares moved down 0.91% in last trading session and was closed at $2.17, while trading in range of $ 2.16 – 2.20. United Microelectronics Corp (ADR) (NYSE:UMC), year to date (YTD) performance is 6.37%.
Entegris Inc (NASDAQ:ENTG), VP Todd James Edlund unloaded 3,100 shares of Entegris stock on the open market in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $11.15, for a total transaction of $34,565.00. Following the sale, the vice president now directly owns 94,485 shares in the company, valued at approximately $1,053,508. Entegris Inc (NASDAQ:ENTG), ended the last trading day at $11.12. Company weekly volatility is calculated as 3.05% and price to cash ratio as 4.05. Entegris Inc (NASDAQ:ENTG), showed a positive weekly performance of -1.33%.