Tech Bullish Stocks: Veeco Instruments (NASDAQ:VECO), Sigma Designs Inc (NASDAQ:SIGM), Computer Task Group (NASDAQ:CTG), Remark Media (NASDAQ:MARK), Universal Display Corporation (NASDAQ:OLED)

Posted by on Jun 30, 2014

Berenberg Bank reiterated their buy rating on shares ofVeeco Instruments (NASDAQ:VECO) in a research report sent to investors on Friday morning. The firm currently has a $41.00 price target on the stock, down from their previous price target of $46.00. Veeco Instruments Inc. (NASDAQ:VECO) shares after opening at $34.37 moved to $36.90 on last trade day and at the end of the day closed at $36.83. Company price to sales ratio in past twelve months was calculated as 4.09 and price to cash ratio as 3.06. Veeco Instruments Inc. (NASDAQ:VECO) showed a positive weekly performance of 6.45%.

Sigma Designs Inc (NASDAQ:SIGM), a leader in connected media platforms, announced that it has appointed Tor R. Braham to serve as a member of the Board of Directors. Sigma Designs Inc (NASDAQ:SIGM) shares advanced 6.42% in last trading session and ended the day on $4.64. SIGM return on equity ratio is recorded as -10.50% and its return on assets is -7.60%. Sigma Designs Inc (NASDAQ:SIGM) yearly performance is -6.83%.

Computer Task Group (NYSE:CTG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Tuesday. The firm currently has a $15.40 target price on the stock. Zacks‘s price target indicates a potential upside of 2.53% from the company’s current price.Computer Task Group, Inc. (NASDAQ:CTG) shares moved up 6.73% in last trading session and was closed at $16.49, while trading in range of $15.27-$16.59. Computer Task Group, Inc. (NASDAQ:CTG) year to date performance is -11.77%.

On May 7, 2014 Remark Media Inc (NASDAQ:MARK), a global digital media company, announced the acquisition of Hotelmobi, a company engaged in the development, ownership and operation of hotel booking applications. Hotelmobi plans to launch its widely anticipated “Roomlia” application in the third quarter of 2014. Remark Media Inc (NASDAQ:MARK) weekly performance is 16.00%. On last trading day company shares ended up $8.70. Remark Media Inc (NASDAQ:MARK) distance from 50-day simple moving average is 38.45%.

On June 12,2014 Universal Display Corporation (NASDAQ:OLED) , enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced that it will webcast its 2014 Annual Meeting of Shareholders beginning at approximately 4:15 p.m. Eastern time (1:15 p.m. Pacific time) on Thursday, June 19, 2014. The annual meeting is being held at the Crowne Plaza Philadelphia West, located at 4010 City Avenue, Philadelphia, PA. Universal Display Corporation (NASDAQ:OLED) shares after opening at $29.61 moved to $31.85 on last trade day and at the end of the day closed at $31.51. Company price to sales ratio in past twelve months was calculated as 8.64 and price to cash ratio as 5.49. Universal Display Corporation (NASDAQ:OLED) showed a positive weekly performance of 3.41%.

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