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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
ChiStocks
30 Oct 14 10:39:06
$RBCN $$$ So after Nov.6 its a buy time for long term!
Antonio Costa
30 Oct 14 10:22:12
$RBCN going red to green
stockblaster14
30 Oct 14 05:06:33
Rubicon Technology (RBCN) 4.22 $RBCN Rubicon Technology Will Report Results of Third Quarter Operations on Nov http://t.co/9DO2vNWnyE
chart chicks
29 Oct 14 17:45:45
@acinvestorblog Any thoughts on delayed earnings? $RBCN
$Stocknewsalerts
29 Oct 14 13:13:30
$RBCN Rubicon Technology, Inc. Press Release: Rubicon Technology Will Report Results of Third Quarter Operati From our Stock News Alerts App
4-traders.com
29 Oct 14 13:10:02
Rubicon Technology : Will Report Results of Third Quarter Operations on November 6, 2014 http://t.co/wVV14orA7q $RBCN
BV Technology
29 Oct 14 13:06:16
$RBCN Rubicon Technology Will Report Results of Third Quarter Operations on November 6, 2014.. http://t.co/ucZeIy6F6P
Stocks News&Markets
29 Oct 14 13:04:44
$RBCN - Rubicon Technology Will Report Results of Third Quarter Operations on November 6, 2014 http://t.co/hNh9Tz161A
john smith
29 Oct 14 13:04:20
$RBCN - Rubicon Technology Will Report Results of Third Quarter Operations on November 6, 2014 http://t.co/YQCaY79uLb
NASDAQ
29 Oct 14 13:04:10
$RBCN - Rubicon Technology Will Report Results of Third Quarter Operations on November 6, 2014 http://t.co/lwxD1LQt4K
FonsieTrader
29 Oct 14 12:28:52
$RBCN Holding very well with nice volume! Long setup to watch tomorrow
Antonio Costa
29 Oct 14 11:40:10
Watch $RBCN over 4.39 (20EMA) http://t.co/a5QdNts3Ky
chart chicks
29 Oct 14 11:35:03
$RBCN - Needs volume to break that 4.25 intraday resistance. Guess earnings tonight holding it back.
Ian Nelson
29 Oct 14 10:59:07
@ACInvestorBlog you wouldnt wait until after earnings tonight? $RBCN
Antonio Costa
29 Oct 14 10:53:29
"@FinancialJuice: For Rubicon $RBCN , Foxconn starts building new plant especially for sapphire screens" loading up...
chart chicks
29 Oct 14 09:59:44
$RBCN - long at 4.15. Rumor play.
StockKingz
29 Oct 14 07:55:12
RT @financialjuice: For Rubicon $RBCN, Foxconn starts building new plant especially for sapphire screens #stocks
Ani Anirudhan
29 Oct 14 07:51:03
RT @financialjuice: For Rubicon $RBCN, Foxconn starts building new plant especially for sapphire screens #stocks
FinancialJuice
29 Oct 14 07:50:24
For Rubicon $RBCN, Foxconn starts building new plant especially for sapphire screens #stocks
HE-MAN
29 Oct 14 07:48:57
$RBCN Rubicon Tech:Spiking being attributed to chatter co;s sapphire will be in upcoming AAPL iPhones
FonsieTrader
29 Oct 14 07:48:50
$AAPL $RBCN Rubicon Shares Move Higher; May be Attributed to Unconfirmed Report iPhone 7 Will Have Sapphire Screen http://t.co/yRDrb1SIEV
Antonio Costa
29 Oct 14 07:48:12
$RBCN pop
Zombie Bombie
29 Oct 14 07:47:49
@ACInvestorBlog $RBCN another great call! You just seem to be ahead of the times with your call. LOL
FonsieTrader
29 Oct 14 07:46:39
$RBCN Boooommmm
Javier Temprano
29 Oct 14 07:46:11
$RBCN perking
Large Void Bot
29 Oct 14 07:46:10
10:46 Pops: $RBCN +4.6%
HotKeyTrading
29 Oct 14 07:30:05
Gap Downs: $LMNX $ADVS $UTHR $APAM $OMI $GME $MSM $MLM $RBCN $TWTR $PEB $ORC $TTS $CBR $AMKR http://t.co/XQITF0lRKD #dow #analyst #mkt #spy
Antonio Costa
29 Oct 14 06:49:42
$RBCN perks
FonsieTrader
29 Oct 14 06:46:40
$RBCN nice action
Zombie Bombie
29 Oct 14 06:45:41
$RBCN - some movement.
stockblaster14
29 Oct 14 01:18:59
Rubicon Technology (RBCN) 4.07 $RBCN Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; http://t.co/25EgFdQ8E7
HotKeyTrading
28 Oct 14 19:30:05
Gap Downs: $LMNX $ADVS $UTHR $APAM $OMI $GME $MSM $MLM $RBCN $TWTR $PEB $ORC $TTS $CAJ $CBR http://t.co/Vv2VEn80mr #finance #mkt #daytrader
Antonio Costa
28 Oct 14 11:39:59
$RBCN perks
HotKeyTrading
28 Oct 14 07:30:05
Gap Downs: $OMI $GME $MSM $MLM $RBCN $TWTR $PEB $ORC $TTS $CAJ $CBR $AMKR $HLS $AET $PCL http://t.co/XQITF0lRKD #stocks #stockmarket #stock
Christopher Angus
28 Oct 14 07:00:04
Premarket most declined stocks: $AMKR, $MDSO, $DORM, $CVLT, $FOLD, $DBVT, $RGLS, $RBCN, $CROX, $UTHR
Large Void Bot
28 Oct 14 06:40:04
In Play: $ASTI, $ACI, $MDSO, $NQ, $FRO, $CVLT, $JNUG, $RBCN High Uncertainty: $SNCR, $FOLD, $TRNX
stockblaster14
28 Oct 14 03:49:29
Rubicon Technology (RBCN) 4.15 $RBCN Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; http://t.co/YXlZDCdUlE
Antonio Costa
28 Oct 14 02:03:34
$CREE $LEDS $VECO $RBCN LED penetration rate expected to reach between 60-70% over the next 5 years http://t.co/wB4IVgxi3g
Stock Relay
27 Oct 14 23:04:11
wininstocks2014: Stock Charts: RBCN 4.15 Stock Charts $RBCN Rubicon Technology http://t.co/QKtRISPzHH
wininstocks2014
27 Oct 14 23:02:06
RBCN 4.15 Stock Charts $RBCN Rubicon Technology Inc. (NASDAQ) Last Updated: 10/28/2014 01:02:08 RBCN Stock Cha http://t.co/SIcgXa3Ahw
Stocks News&Markets
27 Oct 14 15:36:09
$RBCN - Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; Universal and ADTRAN to Join http://t.co/xp2Vd9LsXe
NASDAQ
27 Oct 14 15:36:08
$RBCN - Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; Universal and ADTRAN to Join http://t.co/QEMpsly3uq
john smith
27 Oct 14 15:36:07
$RBCN - Keysight Technologies and Halyard Health Set to Join the S&P MidCap 400; Universal and ADTRAN to Join http://t.co/aW8La8hXy0
Antonio Costa
27 Oct 14 12:56:37
$MELA $RBCN still holding.... #patience... no stress...
HAE
27 Oct 14 12:30:30
$RBCN bouncing.. yeah
HAE
27 Oct 14 11:13:40
$RBCN waiting for bounce
HAE
27 Oct 14 11:13:18
$RBCN is a bargain here...
Scott
27 Oct 14 11:08:04
$rbcn looks cheap. 58 million in cash. no debt. BV 8.06
Antonio Costa
27 Oct 14 10:15:16
$ISNS very nice!!!! $RBCN still holding.... #patience here....looks cheap
Scott
27 Oct 14 06:41:13
$rbcn when are earnings on this one? Lots of spam saying AH but I've also heard nov 4. Not seeing anything from co
				
				
  +Follow April 1, 2014 10:55AM
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