5 Top Weekly NASDAQ Tech Stocks: Index Steers Ahead

- June 3rd, 2018

Which NASDAQ tech stocks gained the most last week? Netlist, ACMR Research, The Meet Group, Quicklogic and MySize Inc took the top spots.

The NASDAQ Composite (INDEXNASDAQ:.IXIC) started off last week at 7,422.20 points on Monday (May 28) and had a dip on Wednesday (May 30) before reaching 7,554.02 points as of 1:22 p.m EST on Friday (June 1).

The NASDAQ Tech Index (INDEXNASDAQ:NDXT) started off the week at 4,290.12 points before facing a similar dip and increasing thereafter to settle in at 4,356.47 points as of 1.25 p.m. EST on Friday.

Xiaomi, the company that’s heading towards a US$10 billion IPO, launched its new flagship device on Thursday (May 31) packing in tons of features to take including a in-display fingerprint sensor and a transparent back revealing the internals. The company also launched other devices that include a regular version of MI 8, a smaller SE model and a $26 MI Band 3.

Shares of Dialog Semiconductor (XETRA:DLG) fell over 17 percent on Friday to a four-year low after the company said that its main customer Apple (NASDAQ:AAPL) would be cutting down orders for its power-management chips by around 30 percent this year.

Meanwhile, shares of a number of micro-to-small cap companies were on the rise last week including Netlist  (NASDAQ:NLST) which gained over 50 percent as of 1.25 p.m ESTon Friday. The company announced on Thursday that the commissioners of the United States International Trade Commission issued a Remand Order in the investigation of SK hynix’s RDIMM and LRDIMM enterprise memory products.

The five top gaining NASDAQ tech stocks that were on the rise  last week include:

  • Netlist
  • ACMR Research (NASDAQ:ACMR)
  • The Meet Group (NASDAQ:MEET)
  • Quicklogic (NASDAQ:QUIK)
  • MySize (NASDAQ:MYSZ)

Netlist

A company that provides high-performance modular memory subsystems to customers in diverse industries that requires enterprise and storage class memory solutions to empower critical business decisions.

The company’s shares jumped 50.47 percent over the week following Thursday’s press release that said the ITC has resumed their investigation of SK Hynix in a battle that’s been on for a while. Over a one day trading period, the company’s share price jumped 35.75 percent to $0.24.

ACMR Research 

ACM Research, a company who is a provider of single-wafer wet cleaning equipment used by manufacturers of advanced semiconductors announced on Tuesday (May 29) that it will be participating in an investor conference.

The company did not provide any other updates that explained the jump in its share price which was 23.63 percent over the last week. The company’s shares were trading at $14.54 as of 1.44 p.m. EST on Friday.

The Meet Group

The shares of Meet Group jumped 22.46 percent in one week and was trading at $3.98 as of 1.49 p.m., on Friday.

The company who describe themselves as a market leader in the mobile meeting space announced the launch of live video on LOVOO on Thursday, its leading European dating app in France and Switzerland.

The company offers apps such as MeetMe, Lovoo, Skout and Tagged that leverage on a powerful live-streaming video platform and empower global community to forge meaningful connections.

Quicklogic

QuickLogic is a company that enables OEMS to maximize battery life for highly differentiated, immersive user experiences with Smartphone, Wearable and IoT devices. The company offers ultralow power customer programmable SoC semiconductor solutions, embedded software and algorithm solutions for always-on voice and sensor processing.

Shares of QuickLogic jumped 14.11 percent in the last week and were trading at $1.24 as of 2.02 p.m. EST on Friday. The company did not announce any updates that would explain the increase in its share price.

MySize

MySize is the developer and creator of smartphone measurement applications and offers solutions critical to eliminating the sizing and measurement issues that impacts several burgeoning markets. The company’s applications include MySizeID, TrueSize, SizeUp and BoxSizeID.

The company’s share prices jumped 13.62 percent and was trading at $1.16 as of 2:00 p.m. EST on Friday. MySize announced on Tuesday that it has received a notice of allowance from the U.S. Patent and Trademark office for its patent application which is expected to be issued in the coming weeks.

Don’t forget to follow us @INN_Technology for real-time news updates.

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday as of 12:00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.


**This article is updated each week. Please scroll to the top for the most recent information**

5 Top Weekly NASDAQ Tech Stocks: Index Stays Flat

By Bala Yogesh

The NASDAQ Composite (INDEXNASDAQ:.IXIC) started off last week at 7,406.33 on Monday (May 21) and over the course of the week saw a slight low of 7,335.03 points but made a recovery to 7,443.66 points as of 1.13 p.m. EST on Friday (May 25).

The NASDAQ 100 Technology Index (INDEXNASDAQ:NDXT) started off at 4,296.81 points on Monday (May 21) and had a dip on Wednesday when it reached a level of 4,231.50 points. The index recovered to  4,303.21 points as of 1.16 p.m., on Friday.

On Thursday (May 24), it emerged that Essential, a company’s that’s a brainchild of Andy Rubin, the creator of Android is being put up for sale. Bloomberg reported that the Essential PH-2 which is the second iteration of company’s first flagship phone is reportedly cancelled. The startup raised YS$300 million last year from investors like Amazon (NASDAQ:AMZN), Tencent Holdings (HKG:0700) and Redpoint Ventures.

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Other big news announced Thursday was that of Apple (NASDAQ:AAPLwinning a US $539 million in damages over Samsung (KRX:005930) in a patent battle that started back in 2011.

Against that backdrop, the share prices of a number of micro-to-small-cap companies were on the rise last week including Sphere 3D (NASDAQ:ANY) who on Thursday filed a second supplement to its definitive proxy statement. The other stocks that were on the rise were:

  • Sphere 3D 
  • EGain (NASDAQ:EGAN)
  • AXT (NASDAQ:AXTI)
  • Resonant (NASDAQ:RESN)
  • Inspired Entertainment (NASDAQ:INSE)

Sphere 3D 

Sphere 3D Corp is a company that delivers containerization, virtualization and data management solutions via hybrid cloud, cloud and on-premises implementations through its global reseller network and professional services organization.

The stock jumped 28.72 percent in the last week to trade at $0.48as of 1.16 p.m. on Friday. Apart from the filing of its second supplement, the company didn’t have much news to share last week.

EGain

Second on the list is the company that provides cloud-based applications for social, mobile, web and provides customer engagement solutions power digital transformation for leading brands.

The stock was trading at $12.50 as of 1.16 p.m. EST on Friday and the stock gained 21.36 percent last week. The company on Thursday announced that it will participate in the Craig-Hallum Institutional Investor Conference that is set to take place on May 30, 2018.

AXT

Third on the list is a company that gained 20.31 percent in the week and is trading at $7.70, as of 1.16 p.m. EST on Friday. AXT designs, develops and manufactures and distributes high performance compound and single element semiconductor substrates.

The company with its headquarters in Fremont, California and with a market cap of 358.41 million did not have any meaningful updates that explained the stock’s rise.

Resonant

The penultimate stock on the list is Resonant, a company that aims to transform the market for RF front-ends (RFFE) by disrupting the RFFE supply chain through the delivery of solutions.

Resonant gained over 14 percent in one week and the stock was trading at $4.50 as of 1.16 p.m. EST on Friday. The company announced on Friday that it will attend the Craig Hallum Institutional investor conference but did not have much other information that explained its price hike.

Inspired Entertainment

Inspired is a global games technology company that supplies virtual sports, mobile gaming and server based gaming systems with associated terminals and digital content to regulated lottery, betting and gaming operators around the world.

The company gained 13.56 percent in the last week and is trading at $6.70 as of 1.16 p.m. EST on Friday. The company did not have any update that explained its increase in the share price.

Don’t forget to follow us @INN_Technology for real-time news updates.

Data for 5 Top NASDAQ Stocks articles is retrieved each Friday as of 12: 00 p.m. EST using TradingView’s stock screener. Only companies with a market capitalization of less than $500 million prior to the week’s gains are included. All companies in the technology sector are considered.

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

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