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Rubicon Technology Grows with Increased Sapphire Demand

  +Follow April 1, 2014 10:55AM
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All it took was a vote of confidence from JPMorgan Chase and Co. (JPM) to get Rubicon Technologies (RBCN) above a $300 million valuation and thus pushing the stock into the commonly held definition of “small-cap” status.

In their analyst note, JPMorgan notched Rubicon from Neutral to Overweight, and raised their price target on the stock from $12 to $14 a share. Analyst Paul Coster noted the company’s “sapphire” growth crystal technology, a major part of LED industry, was due for a big ramp-up as demand increases for wearable tech. He wrote, "Ramping demand for LEDs and sapphire covers used in smartphones and wearable CE devices should drive strong sales of sapphire cores, wafers, and specialized optical components for the industrial sapphire market and for Rubicon, leading to a recovery in gross margins and a return to net profit in late 2014, followed by a strong earnings recovery in 2015.”

Rubicon also received a vote of confidence from UBS, who maintained a Neutral rating on the stock but raised their price target from $9.50 to $12 a share. And on March 18th, analysts at Davidson raised their price target on shares of Rubicon from $13 to $17 a share.

Rubicon is slowly climbing back up the charts after deflating in 2011, where the company saw shares more than halved, as the company reversed a string of earnings beats in 2010 with a plunge into the red. The company has consistently been losing money, although the growing revenues from increased sapphire shipments should mitigate the size of the loss, if not possibly bring the company back to the black.

By midday trading, Rubicon had gained 14.18 percent to hit $12.89 a share. They're up 92.4 percent from the April 1 of last year.

With the day's rise, Rubicon now sports a valuation of $332.37 million. Volume was heavy, with over 1.3 million shares moved by 2pm against an average daily volume under 800,000.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for RBCN
Antonio Costa
23 Oct 14 14:44:59
Stocks to Watch for October 24, 2014 http://t.co/4HVFVsK6HP $BBRY $FDX $FEYE $GGP $RBCN $SPLK
Shatz
23 Oct 14 13:53:09
RT @dot2222: GT Advanced Technologies Update: Beginning Of The End For Chapter 11 Process $GTAT $AAPL $RBCN $GTATQ http://t.co/uCpSIP5zsS
David Ong
23 Oct 14 13:32:19
GT Advanced Technologies Update: Beginning Of The End For Chapter 11 Process $GTAT $AAPL $RBCN $GTATQ http://t.co/uCpSIP5zsS
Antonio Costa
23 Oct 14 12:56:35
$RBCN nice close......holding the gains....
Penny Stock Secret
23 Oct 14 12:10:52
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/AJZWTGD3tb .. $GTLS $RBCN $ANDE
Antonio Costa
23 Oct 14 11:10:42
RT @paulwoll: https://t.co/mnzCwUpIAC $RBCN diamond reversal pattern... one to watch..
Woll Street
23 Oct 14 11:10:23
https://t.co/mnzCwUpIAC $RBCN diamond reversal pattern... one to watch..
FonsieTrader
23 Oct 14 10:38:48
$RBCN Going very well
lookn4wins
23 Oct 14 10:12:17
$XLI Daily Chart $XLI Most recent stock chart and technical analysis. $ZAZA $F $GM $TBT $RBCN $NEM http://stoc http://t.co/fG4ig0vAzO
Antonio Costa
23 Oct 14 09:56:34
$RBCN updated chart. Has room to run if it wants. MACD + Slow Stoch + RSI = positive divergences http://t.co/XlnmRKx3Qi
Investors Hangout
23 Oct 14 09:50:16
Emylers: $RBCN Up to date company activities and other http://t.co/N3gbvwiZYl
Investors Hangout
23 Oct 14 09:50:13
Emylers: $RBCN Up to date company activities and other http://t.co/FmFXdefhp5
Emylers
23 Oct 14 09:43:19
$RBCN Up to date company activities and other important information about $RBCN http://t.co/jEqRHSXRXX
stock_pimp
23 Oct 14 09:37:29
RT @bullishsay: Alert $RBCN
Hernan Banato
23 Oct 14 09:35:14
RT @FonsieTrader: $RBCN i told you. This stock could be a potential target for $AAPL it can run hard on any news
mind_the_gap
23 Oct 14 09:29:45
RT @bullishsay: Alert $RBCN
Violex
23 Oct 14 09:28:13
Alert $RBCN
mind_the_gap
23 Oct 14 09:25:40
$RBCN - see if she runs now over 4.50..
FonsieTrader
23 Oct 14 09:23:51
$RBCN i told you. This stock could be a potential target for $AAPL it can run hard on any news
Todd in Florida
23 Oct 14 09:20:59
$RBCN long setup: tightening pattern, 20.5% of float sold short http://t.co/RbJ2ONslrd
HAE
23 Oct 14 09:19:42
$RBCN BOOM
Antonio Costa
23 Oct 14 09:19:19
$RBCN continues making HOD. I like this company at current levels. Looks attractive. Short-term EMAs are turning up and MACD still rising
Media Sentiment
23 Oct 14 09:14:57
$RBCN received a new alert. Find out why at http://t.co/5udYd0Ofs6 #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 481
Alex Liauska
23 Oct 14 09:12:43
$RBCN not for profit skimming.
Antonio Costa
23 Oct 14 09:10:32
$RBCN showing high volume interest now...
Antonio Costa
23 Oct 14 09:09:31
There goes $RBCN new intraday break
FonsieTrader
23 Oct 14 09:09:18
Lets go Folks, $RBCN is ready to take off
Todd in Florida
23 Oct 14 09:07:59
@RaginCajun $RBCN over 4.50 - maybe
DennyT
23 Oct 14 09:02:17
HEMP Filings and Disclosure $HEMP $DDD $SDS $FXE $RBCN Sell?,Candlesticks,Current Price,Company News,Making So http://t.co/ehvisHHu7d
Investors Hangout
23 Oct 14 08:52:19
lookn4wins: $RBCN Chart $RBCN Most recent stock chart and http://t.co/8xuQBmi47d
Investors Hangout
23 Oct 14 08:52:12
lookn4wins: $RBCN Chart $RBCN Most recent stock chart and http://t.co/1uxvHk1NRn
bribedDuck
23 Oct 14 08:44:39
Who's next sapphire supplier for Apple?! $RBCN, China, own factory?! I guess Foxconn ;) $AAPL
Dollar$mell
23 Oct 14 08:39:45
RT @ACInvestorBlog: $RBCN inching higher.... worth watch long above 4.43
lookn4wins
23 Oct 14 08:39:04
$RBCN Chart $RBCN Most recent stock chart and technical analysis. $USO $TQQQ $JNK $GE $KMB $GOOG http://stockc http://t.co/kqCFwLeRXH
Antonio Costa
23 Oct 14 08:36:07
$RBCN inching higher.... worth watch long above 4.43
Margarita Rivas
23 Oct 14 08:24:10
RT @ATTBolsa: $GTATQ GT Advanced Technology settles with $AAPL #Apple, to exit sapphire production: http://t.co/TYRfeUAh3W $RBCN
AvalonTradingTeam
23 Oct 14 08:23:06
$GTATQ GT Advanced Technology settles with $AAPL #Apple, to exit sapphire production: http://t.co/TYRfeUAh3W $RBCN
Steve Mahoney
23 Oct 14 08:20:11
RT @SeekingAlpha: GT Advanced Technologies Update: Beginning Of The End For Chapter 11 Process http://t.co/8Tf4KhfeBS $AAPL #APPLE $RBCN $G…
FonsieTrader
23 Oct 14 08:06:46
$RBCN this stock just needs volume to explode. Bullish calls flow
FonsieTrader
23 Oct 14 07:59:36
There goes $RBCN
Antonio Costa
23 Oct 14 07:57:55
Watch $RBCN over 4.43....risk/reward looks attractive
Antonio Costa
23 Oct 14 07:52:30
$RBCN inching
IntoOptions
23 Oct 14 07:51:24
@FonsieTrader added at 4.34 it's about to take off $rbcn
FonsieTrader
23 Oct 14 07:41:42
$RBCN Perking up
Investors Hangout
23 Oct 14 07:16:30
danrocks: $EPI Getting Interesting $INTC $RBCN $UNP $DUST http://t.co/GZT9rApbAk
Investors Hangout
23 Oct 14 07:16:25
danrocks: $EPI Getting Interesting $INTC $RBCN $UNP $DUST http://t.co/amVjO1uY42
danrocks
23 Oct 14 06:45:18
$EPI Getting Interesting $INTC $RBCN $UNP $DUST $SPXS http://t.co/Ceyu5ENqr5
Seeking Alpha
23 Oct 14 03:45:07
GT Advanced Technologies Update: Beginning Of The End For Chapter 11 Process http://t.co/8Tf4KhfeBS $AAPL #APPLE $RBCN $GTAT $GTATQ
stockblaster14
22 Oct 14 22:53:37
Rubicon Technology (RBCN) 4.29 $RBCN Stock to Watch: Rubicon Technology Down 7.3% (RBCN) Comtex SmarTrend(R) - http://t.co/m8wR534t30
wininstocks2014
22 Oct 14 21:07:11
RBCN 4.29 Stock Charts $RBCN Rubicon Technology Inc. (NASDAQ) Last Updated: 10/22/2014 23:07:09 RBCN Stock Cha http://t.co/CtgrnYLS5t
				
				
  +Follow April 1, 2014 10:55AM
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