The tech sector is trading higher today, along gains in the overall market. Semiconductors are in line with the tech sector also trading flat on the session. MRVL (+2.1%) is a notable leader in that chip index. Among other major indices, the SPY is trading 0.1% lower today, while the QQQ and the NASDAQ are trading at the flat line. Among tech bellwethers, FB (-2.2%) is again showing notable weakness after co was initiated with an Underperform at Bernstein.
In news, EPIQ (+6.5%) approved $35 mln share repurchase program.
In Broker Research, OVRL (-0.5%) was initiated with a Buy at Needham. IPHI (+9.8%) Inphi upgraded to Overweight from Neutral at Piper Jaffray. AUDC (+1.2%) initiated with an Outperform at Credit Suisse.
There are no notable names in tech scheduled to report quarterly results today after the close.






