Cymer Up 12.8% After Hitting 52-Week High (CYMI, INTC)

Shares of Cymer, Inc. CYMI are trading up 12.8% at $50.93 per share during the Friday afternoon trading session. Like other company's in the semiconductor industry, the company's stock price has been climbing since Intel Corporation INTC released its financial results on Thursday. The day's trading range for shares of Cymer, Inc has been between $45.78 and a 52-week high of $51.35 per share. Analysts covering Cymer, Inc. (CYMI) stock give it a consensus price target of $46.67 per share. Trading volume for Cymer, Inc has been heavy, with 1.3 million shares having been traded today, far above the daily average volume of 273,000 shares. Cymer, Inc is the market leader in developing light sources, used by chipmakers worldwide to pattern advanced semiconductor chips. Cymer's light sources have been widely adopted by the world's top chipmakers and the company's installed base comprises approximately 3,500 systems. Read more from Benzinga's Company news.