Tech Movers: Facebook Inc (NASDAQ:FB), Applied Materials (NASDAQ:AMAT), Advanced Micro Devices (NYSE:AMD), Intel Corporation (NASDAQ:INTC), Cisco Systems (NASDAQ:CSCO)

Technology Stocks News 9

Facebook Inc (NASDAQ:FB)  said the US Securities and Exchange Commission (SEC) dropped its probe into the social networking company over events surrounding its controversial initial public offering. In its quarterly report filed last Thursday, Facebook said the regulator in May “notified us that it had terminated its inquiry and that no enforcement action had been recommended by the SEC.” Facebook Inc (NASDAQ:FB) stock performance was 0.28% in last session and finished the day at $75.19. Traded volume was 45.92million shares in the last session and the average volume of the stock remained 50.02million shares. Facebook Inc (NASDAQ:FB) insider ownership is 0.50%.

Applied Materials, Inc. (NASDAQ:AMAT) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most “interesting” ideas that merit further research by investors. Applied Materials, Inc. (NASDAQ:AMAT) dropped -2.41 percent to $21.23 Friday on volume of  32.26million shares. The intra-day range of the stock was $20.94 to $21.64. Applied Materials, Inc. (NASDAQ:AMAT) has a market capitalization of $25.85billion.

Advanced Micro Devices Inc. (NYSE:AMD) has reportedly chosen to take a rather conservative approach to development of its desktop platforms. Instead of adding support of the DDR4 memory to its next-generation code-named “Carrizo” accelerated processing unit, the company decided to stick to the DDR3 and therefore the FM2+ socket. While this is a good news for owners of current-generation platforms and PC makers, it also means that the evolution of AMD’s platforms will slowdown. Advanced Micro Devices, Inc. (NYSE:AMD)’s stock on July 25, 2014 reported a increase of 0.80% to the closing price of $3.76. Its fifty two weeks range is $3.04 -$4.80. The total market capitalization recorded $2.87billion. The overall volume in the last trading session was 31.79million shares. In its share capital,AMD has 762.05million outstanding shares.

The ChannelPro Network Reader Choice Awards announced that Intel Corporation (NASDAQ:INTC) RAID powered by LSI* wins the Gold Award for Best SATA/SAS RAID Controller. In the first quarter of 2014, ChannelPro Network online visitors and magazine readers submitted their votes for the most small business-friendly and partner-friendly products, technologies, services, programs, and professional organizations in the channel today. More than 850 votes were cast and Intel RAID powered by LSI* won the Gold Award. On Friday, shares of Intel Corporation (NASDAQ:INTC) close the day at $34.25. Company return on investment (ROI) is 12.80% and its monthly performance is recorded as 10.941%. Intel Corporation (NASDAQ:INTC) quarterly revenue growth is  31.53%.

Cisco Systems Inc. (NASDAQ:CSCO) shares were slightly higher in recent trade as The Rayno Report cited unnamed people familiar with “chatter” inside the company as saying that CEO John Chambers is planning to announce his retirement as early as in September.  Cisco Systems, Inc. (NASDAQ:CSCO) stock performance was 0.54% in last session and finished the day at $25.97. Traded volume was 28.64million shares in the last session and the average volume of the stock remained 30.17million shares. The beta of the stock remained 1.39. Cisco Systems, Inc. (NASDAQ:CSCO) insider ownership is 0.10%.

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