Worth Watching Stocks : RF Micro Devices (NASDAQ:RFMD), Celgene (NASDAQ:CELG), RigNet, Inc. (NASDAQ:RNET), AK Steel Holding Corporation (NYSE:AKS), Power Integrations Inc. (NASDAQ:POWI)

Technology Stocks News 13

RF Micro Devices Inc. (NASDAQ:RFMD) has been on the move lately as the stock has risen by 18.7% in the past four weeks, and it is currently trading well above its 20-Day SMA. While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on RFMD is moving in the right direction. In fact, the stock currently has a Zacks Rank #1 (Strong Buy), suggesting that the recent run could certainly continue for this in-focus company. RF Micro Devices Inc. (NASDAQ:RFMD)’s stock on 30 July traded at beginning with a price of $11.41and when day-trade ended the stock finally moved up 3.43% to end at $11.77. RF Micro Devices Inc. (NASDAQ:RFMD)’s showed weekly performance of 12.96%.

Celgene Corporation (NASDAQ:CELG) a biopharmaceutical company, discovers, develops, and commercializes therapies to treat cancer and immune-inflammatory related diseases in the United States and internationally. CELG has a PE ratio of 44.5. Currently there are 16 analysts that rate Celgene a buy, no analysts rate it a sell, and 4 rate it a hold. Celgene Corporation (NASDAQ:CELG) on Wednesday closed at $88.34. Stock institutional ownership is 82.00% while insider ownership includes 0.20%. Celgene Corporation (NASDAQ:CELG) distance from 50-day simple moving average (SMA50) is 6.34%.

RigNet, Inc. (NASDAQ:RNET) a leading global provider of managed remote communications solutions, telecoms systems integration services and collaborative applications to the oil and gas industry, today announced several key executive moves: Chris Lambert is now the Region Vice President, Gulf of Mexico; Brian Keefover is now the Region Vice President, North America Land; and Ricky Begnaud is now the Region Vice President, Middle East/North Africa/Central Asia. These moves are being made in response to high business activity, continued integration of Inmarsat’s Enterprise Energy business unit and for management development purposes. RigNet, Inc. (NASDAQ:RNET)’s shares on Wednesday traded in the range of 55.92 – 57.14and ended up on $57.01. RigNet, Inc. (NASDAQ:RNET) distance from 200-day simple moving average (SMA200) is 19.59%. RNET’s sales growth for past 5 years was 19.70% and its EPS growth for past 5 years was 26.00%.

Shares of AK Steel Holding Corporation (NYSE:AKS) are up 2.22% to $8.97 to hit a two-and-a-half year high today following an unexpected second quarter profit and an upbeat full year outlook, helped by higher steel shipments than the first quarter of 2014. AK Steel Holding Corporation (NYSE:AKS)’s stock on 30 July moved up 3.24% to the closing price of $9.25. Its fifty two weeks range is $3.30 – 9.45. The total market capitalization recorded $1.265B. AK Steel Holding Corporation (NYSE:AKS) monthly performance is 16.21%.

On July 29, 2014 the Registrant of Power Integrations Inc. (NASDAQ:POWI)  issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.Power Integrations Inc. (NASDAQ:POWI) on Wednesday closed at $58.05. Stock insider ownership includes 2.00%. Power Integrations Inc. (NASDAQ:POWI) distance from 50-day simple moving average (SMA50) is 5.87%.

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