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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
20 Oct 14 10:38:30
$RBCN Watching if this can go into $5s this week. MACD looks favorable (pos divergence) http://t.co/g2k86T12tm
Yu Zhu
20 Oct 14 09:26:09
RT @ACInvestorBlog: $CREE $LEDS $VECO $RBCN LED smart bulb shipments expected to surpass 11 million units in 2018, says IHS http://t.co/lSh…
Scott
19 Oct 14 06:44:13
$Rbcn Getting coiled up a little bit. Might try and make a push to close over that downward trend line soon http://t.co/vpmCmD7k1I
Antonio Costa
18 Oct 14 08:42:53
$RBCN there is more volume on up days than on down days = Bullish bias. http://t.co/MLj2d2x6wj
Antonio Costa
18 Oct 14 08:40:14
$RBCN short volume ratio is starting to decline. Shorts are covering. http://t.co/AffZkW6FIu
Eric
18 Oct 14 05:33:40
RT @StockSignaling: Top Stocks (By Trading Liquidity): $CSIQ $NRF $EGLE $CIEN $CMCM $RBCN $SUNE $LIVE $BBG $CPE $AREX $GST $SN $SALE $RH ht…
DaTrader
18 Oct 14 04:29:43
RT @StockSignaling: Top Stocks (By Trading Liquidity): $CSIQ $NRF $EGLE $CIEN $CMCM $RBCN $SUNE $LIVE $BBG $CPE $AREX $GST $SN $SALE $RH ht…
OTPicks.com
17 Oct 14 21:38:09
http://t.co/hjgLwIcNgz danrocks: $QLD any other opinions on this? $RBCN $VTI $CMG: danrocks http://t.co/kudwPKMd6X http://t.co/hjgLwIcNgz
equities.com
17 Oct 14 16:11:00
Rubicon Technology Inc. (RBCN) Drops 5.91% on October 17 $RBCN http://t.co/l4r34Jyftp
OMAR  STOCKTRADER
17 Oct 14 11:55:25
RT @StockSignaling: Top Stocks (By Trading Liquidity): $CSIQ $NRF $EGLE $CIEN $CMCM $RBCN $SUNE $LIVE $BBG $CPE $AREX $GST $SN $SALE $RH ht…
Charles  Schultz
17 Oct 14 11:48:48
RT @SAlphaTech: GT Advanced Technologies' Sapphire Wind-Down A Game Changer For Wafer Prices, Rubicon http://t.co/eR2tqMwb22 $AAPL $GTAT $R…
Eternity101
17 Oct 14 11:24:56
RT @ACInvestorBlog: $RBCN is falling on low volume. Notes on chart. http://t.co/nd6KdVazLd
Antonio Costa
17 Oct 14 11:24:35
$RBCN is falling on low volume. Notes on chart. http://t.co/nd6KdVazLd
Investors Hangout
17 Oct 14 10:26:18
chartguy89: RBCN Stock Chart $RBCN $BNS.TO $UNG $FNMA http://t.co/vFXExfNAUm
Investors Hangout
17 Oct 14 10:26:18
chartguy89: RBCN Stock Chart $RBCN $BNS.TO $UNG $FNMA http://t.co/0m1vtkwyZX
Investors Hangout
17 Oct 14 10:09:17
danrocks: $COP Showing on my streamers $RBCN $SLW.TO $REGN http://t.co/PZPSsrJpn0
Investors Hangout
17 Oct 14 10:08:41
danrocks: $COP Showing on my streamers $RBCN $SLW.TO $REGN http://t.co/NQxguKsNIo
iHangout
17 Oct 14 10:04:50
http://t.co/vVojvVrNNL chartguy89: Stock Charts: RBCN Stock Chart $RBCN $BNS.TO $UNG $FNMA http://t.co/w9GZEJmOb5
iHangout
17 Oct 14 10:04:16
http://t.co/vVojvVrNNL danrocks: ZIP CASH TRAIN: $COP Showing on my streamers $RBCN $SLW.TO $REGN http://t.co/tWyL0HwOtx
chartguy89
17 Oct 14 10:02:44
RBCN Stock Chart $RBCN $BNS.TO $UNG $FNMA http://t.co/CEAlVY6SyX http://t.co/oVeBRrraPx
danrocks
17 Oct 14 09:59:45
$COP Showing on my streamers $RBCN $SLW.TO $REGN $BBRY $INTC http://t.co/j0CqudWBM7
Investors Hangout
17 Oct 14 09:38:05
danrocks: $QLD any other opinions on this? $RBCN $VTI $CMG http://t.co/zWOuO6oYIr
Investors Hangout
17 Oct 14 09:37:37
danrocks: $QLD any other opinions on this? $RBCN $VTI $CMG http://t.co/IU4ZwfgxH8
danrocks
17 Oct 14 09:10:28
$QLD any other opinions on this? $RBCN $VTI $CMG $XIV $KO http://t.co/LYtSuIxPzI
Tech Alerts
17 Oct 14 09:00:06
GT Advanced Technologies' Sapphire Wind-Down A Game Changer For Wafer Prices, Rubicon http://t.co/eR2tqMwb22 $AAPL $GTAT $RBCN
Investors Hangout
17 Oct 14 08:36:19
jim50: $RBCN Volume Date=Oct-16-2014 Open=4.12 High=4.8 http://t.co/8PquRDor6f
Investors Hangout
17 Oct 14 08:35:44
jim50: $RBCN Volume Date=Oct-16-2014 Open=4.12 High=4.8 http://t.co/She0TzQ8Nr
Upriter
17 Oct 14 08:29:23
$RBCN buying opportunity4.40
leahanne
17 Oct 14 08:28:08
$DIS Walt Disney Company (DIS) 84.01 +2.27 (+2.78%) $XLF $RBCN $AAPL http://t.co/YmhjHdUuIe
jim50
17 Oct 14 08:18:15
$RBCN Volume Date=Oct-16-2014 Open=4.12 High=4.8 Low=4.11 Close=4.49 Volume=1407600 http://t.co/NDqT5hioRi
Eternity101
17 Oct 14 08:16:16
RT @ACInvestorBlog: $BBRY & $FEYE very strong !!! $RBCN holding....waiting for + news.... $OXGN like the volume today...
Antonio Costa
17 Oct 14 08:14:35
$BBRY & $FEYE very strong !!! $RBCN holding....waiting for + news.... $OXGN like the volume today...
Klaus Daimler
17 Oct 14 07:07:52
lol $RBCN
Who wants to know?
17 Oct 14 07:01:42
RT @StockSignaling: Top Stocks (By Trading Liquidity): $CSIQ $NRF $EGLE $CIEN $CMCM $RBCN $SUNE $LIVE $BBG $CPE $AREX $GST $SN $SALE $RH ht…
Stock Signaling
17 Oct 14 07:01:30
Top Stocks (By Trading Liquidity): $CSIQ $NRF $EGLE $CIEN $CMCM $RBCN $SUNE $LIVE $BBG $CPE $AREX $GST $SN $SALE $RH http://t.co/Vtx6dLy0Nw
Scott
17 Oct 14 06:50:34
@ACInvestorBlog good for you...now we just need $rbcn to do the same (;
stockdiva 02
17 Oct 14 06:07:01
Pre-market movers and shakers(not stirred) $REGN $WLB $SRPT $PPC $MNKD $BEAT $RBCN $FEYE $APT $IBIO $JRJC $XLNX
Nick
17 Oct 14 06:00:44
new $RBCN http://t.co/w4qRGSvSdg
Antonio Costa
17 Oct 14 05:54:30
"@FonsieTrader: Stocks to watch today, Friday 17 $AGCO $ACI $BBRY $EXEL $KKD $RBCN http://t.co/cD52M36gfm" I ilke...
Scott
17 Oct 14 05:53:33
$rbcn moving pre market.
Antonio Costa
17 Oct 14 05:52:36
Pre-market movers $BEAT $WLB $SRPT $REGN $XLNX $PPC $MNKD $NLNK $JRJC $RBCN $FEYE $VSR $IBIO $APT
stockdiva 02
17 Oct 14 05:44:49
On my watch: $BBRY $AAPL $FEYE $VHC $RBCN
Green Guy Finance
17 Oct 14 05:29:26
RT @ACInvestorBlog: $SPX panic buying this morning.... yes Sir!!! Put these stocks on your watchlist $FEYE $BBRY $AAPL $RBCN $KKD $ ALU $VHC
Charles Best
17 Oct 14 05:22:28
RT @ACInvestorBlog: $CREE $LEDS $VECO $RBCN LED smart bulb shipments expected to surpass 11 million units in 2018, says IHS http://t.co/lSh…
Scott R
17 Oct 14 05:08:12
10-17 $WL $CPHD $ELX $EPAM $FPO $GG $HAE $IIVI $INSY $IRWD $LDRH $NAVI $MOD $HGVC $NSP $OMED $OMN $RBCN $SDT $SWFT $TRXC $UGI $VVC $ZGNX
umbi1111
17 Oct 14 04:52:00
RT @ACInvestorBlog: $SPX panic buying this morning.... yes Sir!!! Put these stocks on your watchlist $FEYE $BBRY $AAPL $RBCN $KKD $ ALU $VHC
John L. Bair
17 Oct 14 04:44:18
RT @FonsieTrader: Stocks to watch today, Friday 17 $AGCO $ACI $BBRY $EXEL $KKD $RBCN http://t.co/sDMJSWu5H1
FonsieTrader
17 Oct 14 04:23:16
Stocks to watch today, Friday 17 $AGCO $ACI $BBRY $EXEL $KKD $RBCN http://t.co/sDMJSWu5H1
Fahd El
17 Oct 14 03:17:05
RT @ACInvestorBlog: $CREE $LEDS $VECO $RBCN LED smart bulb shipments expected to surpass 11 million units in 2018, says IHS http://t.co/lSh…
John L. Bair
17 Oct 14 03:09:04
RT @ACInvestorBlog: $SPX panic buying this morning.... yes Sir!!! Put these stocks on your watchlist $FEYE $BBRY $AAPL $RBCN $KKD $ ALU $VHC
				
				
  +Follow April 1, 2014 10:55AM
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