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Feb. 16, 2010, 4:26 p.m. EST

Tech stocks march north to close with broad gains

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By Rex Crum, MarketWatch

SAN FRANCISCO (MarketWatch) -- Technology stocks put on a strong display ahead of the market close Tuesday, with semiconductor giant Intel Corp. among the standouts on the day.

Intel /zigman2/quotes/203649727/composite INTC +0.85% rose 29 cents a share to $20.72 after Auriga analyst Daniel Berenbaum raised his rating on the company's stock to buy from hold and also lifted his price target to $24 a share from $20.

Berenbaum said he made the moves because discussions with contacts in the electronics market, "suggest that PCs could well be the strongest growth contributor to semiconductor [sales]" this year. Berenbaum also said that the valuation of Intel's stock makes it attractive at the present time.

Advances also came from Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.48% , up $3.02 to $203.40; Google Inc. /zigman2/quotes/205453964/composite GOOG +1.23% , which rose $8.18 a share to $541.30; Dell Inc. /zigman2/quotes/203822527/composite DELL +0.68% up 30 cents to close at $14.14 and Hewlett-Packard Co. /zigman2/quotes/203461582/composite HPQ +0.09% , which closed with a gain of 98 cents at $49.44.

Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.64% shares rose 42 cents to $28.30 after the world's largest software company showed of its Windows Mobile 7 operating for smartphones.

Read more about Microsoft's mobile phone efforts.

Companies in the hard-disk drive market surged, with Hutchinson Technology Inc. up 64 cents a share, or more than 10%, to $6.96; Seagate Technology /zigman2/quotes/201824240/composite STX +0.24% rising $1.03, or 5.5%, to close at $19.73 and Western Digital Corp. /zigman2/quotes/204213617/composite WDC +1.30% climbing $2.73 a share, or almost 7%, to end the day at $42.58.

The Nasdaq Composite Index rose almost 31 points to 2,214 while the Philadelphia Semiconductor Index /zigman2/quotes/210598361/realtime SOX +1.20% rose 2.4%. The Morgan Stanley High Tech 35 Index and the Nasdaq Computer Index /zigman2/quotes/210598343/realtime IXCO +0.98% each rose 1.6%.

/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 47.45
+0.40 +0.85%
Volume: 15.92M
Nov. 27, 2020 1:00p
P/E Ratio
9.31
Dividend Yield
2.78%
Market Cap
$194.45 billion
Rev. per Employee
$649,504
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 116.59
+0.56 +0.48%
Volume: 46.69M
Nov. 27, 2020 1:00p
P/E Ratio
35.69
Dividend Yield
0.70%
Market Cap
$1982.24 billion
Rev. per Employee
$1.86M
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,793.19
+21.76 +1.23%
Volume: 884,916
Nov. 27, 2020 1:00p
P/E Ratio
35.81
Dividend Yield
N/A
Market Cap
$1210.82 billion
Rev. per Employee
$1.36M
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/zigman2/quotes/203822527/composite
US : U.S.: NYSE
$ 69.82
+0.47 +0.68%
Volume: 1.41M
Nov. 27, 2020 5:00p
P/E Ratio
22.01
Dividend Yield
N/A
Market Cap
$52.14 billion
Rev. per Employee
$557,139
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/zigman2/quotes/203461582/composite
US : U.S.: NYSE
$ 22.27
+0.02 +0.09%
Volume: 6.69M
Nov. 27, 2020 5:00p
P/E Ratio
11.13
Dividend Yield
3.48%
Market Cap
$30.59 billion
Rev. per Employee
N/A
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/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 215.23
+1.36 +0.64%
Volume: 14.51M
Nov. 27, 2020 1:00p
P/E Ratio
34.72
Dividend Yield
1.04%
Market Cap
$1627.25 billion
Rev. per Employee
$877,393
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/zigman2/quotes/201824240/composite
US : U.S.: Nasdaq
$ 58.48
+0.14 +0.24%
Volume: 1.46M
Nov. 27, 2020 1:00p
P/E Ratio
14.93
Dividend Yield
4.58%
Market Cap
$15.03 billion
Rev. per Employee
$250,214
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/zigman2/quotes/204213617/composite
US : U.S.: Nasdaq
$ 45.85
+0.59 +1.30%
Volume: 2.12M
Nov. 27, 2020 1:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$13.95 billion
Rev. per Employee
$262,320
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/zigman2/quotes/210598361/realtime
US : Nasdaq
2,631.56
+31.32 +1.20%
Volume: 82,066
Nov. 27, 2020 4:12p
loading...
/zigman2/quotes/210598343/realtime
US : U.S.: Nasdaq
8,336.24
+80.53 +0.98%
Volume: 427,136
Nov. 27, 2020 4:14p
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Rex Crum is a reporter for MarketWatch in San Francisco.

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