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Stock Market & Financial Investment News

News Breaks
August 15, 2014
11:42 EDTKLAC, AMAT, KLIC, LRCXApplied Materials rises following strong profit, gross margin, order growth
Shares of semiconductor equipment maker Applied Materials (AMAT) are advancing after posting strong third quarter profit, adjusted gross margin, and order growth. WHAT'S NEW: Last night, Applied Materials reported Q3 adjusted earnings per share of 28c and revenue of $2.27B, compared to analysts’ consensus estimates of 27c and $2.29B, respectively. Q3 adjusted gross margin came in at 45.5%, up 260 basis points year-over-year, and up 130 basis points sequentially. Q3 orders of $2.48B, increased 24% year-over-year led by SSG year-over-year order growth of $362M. President and CEO Gary Dickerson said, “We have focused our strategy and investments in areas that have the largest impact for customers while driving improvements in execution and speed across the company. With these actions, we have improved our operating margins for seven quarters in a row and are making substantial progress towards our long-term financial model." WHAT’S NOTABLE: For the fourth quarter, Applied Materials expects adjusted EPS of 25c-29c, versus consensus of 26c. Q4 revenue is expected to be approximately flat, plus or minus 3% sequentially, and up by approximately 10%-17% from the year-ago period, compared to consensus of $2.28B. PRICE ACTION: In late morning trading, Applied Materials rose $1.04, or about 5%, to $22.19 on heavy trading volume. Including today’s advance, the stock has gained approximately 45% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor equipment space include Lam Research (LRCX), Kulicke and Soffa (KLIC), and KLA-Tencor (KLAC).
News For AMAT;LRCX;KLIC;KLAC From The Last 14 Days
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April 21, 2015
09:10 EDTLRCXLam Research price target raised to $75 from $68 at Susquehanna
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07:52 EDTLRCXLam Research price target raised to $100 on strong results at BofA/Merrill
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07:41 EDTLRCXLam Research price target raised to $95 from $88 at JPMorgan
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07:11 EDTLRCXMicron does not have negative read through from Lam results, says RBC Capital
RBC Capital says that Lam Research's (LRCX) beat and raise results do not increase its concern about oversupply in the memory market. RBC believes that the results indicate a market share shift, not an increase in aggregate DRAM spending. RBC says that DRAM prices are stable, and it keeps an Outperform rating on Micron (MU).
April 20, 2015
19:21 EDTKLAC, AMAT, LRCXSemiconductor equipment stocks rising after Lam Research Q3 results
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18:48 EDTLRCX, AMATOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
16:12 EDTLRCXLam Research sees Q4 EPS $1.46, plus or minus 7c, consensus $1.35
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16:11 EDTLRCXLam Research reports Q3 EPS $1.40, consensus $1.30
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15:37 EDTLRCXNotable companies reporting after market close
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13:58 EDTLRCXLam Research technical comments ahead of earnings
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07:30 EDTAMATApplied Materials added to Franchise Picks list at Jefferies
Jefferies added Applied Materials (AMAT) to its Franchise Picks list with the stock down 14% year-to-date. The firm attributes the pullback to concerns around tool reuse, and notes it still expects foundry capital spending to increase amid "increased process complexity and competition." Jefferies' work indicates TSMC's (TSM) and Intel's (INTC) capex cuts were driven by market share losses rather than innovation in tool reuse. It keeps a Buy rating on AMAT with a $29 price target.
April 19, 2015
12:41 EDTLRCXKroger, Dollar General, others can be bought and held for 3 years, Barron's says
Shares of PACCAR (PCAR), Lam Research (LRCX), Kroger (KR), Autoliv (ALV), Archer Daniels (ADM), and Dollar General (DG) should be bought and held for the next three years due to high return on invested capital, Barron's contends in a feature article. Reference Link
April 16, 2015
11:07 EDTLRCX, AMAT, KLACTSMC capex cut not worrisome for semi equipment makers, says Summit Research
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10:36 EDTAMATApplied Materials drifts lower, levels to watch
The shares are down nearly 3% to $21.87 as Intel's (INTC) capex cuts weigh on the stock and its peers. At current price next support is at $21.36. Resistance is at $22.39.
April 15, 2015
06:41 EDTLRCX, AMATCiti recommends Applied Materials, Lam after Intel capex cut
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April 14, 2015
17:04 EDTLRCX, KLAC, AMATSemiconductor equipment stocks lower after Intel cuts FY15 CapEx view
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06:58 EDTLRCXLam Research should be bought on weakness, says Pacific Crest
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April 9, 2015
11:15 EDTAMATStocks with call strike movement; AAL AMAT
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April 8, 2015
05:52 EDTAMATApplied Materials pullback a buying opportunity, says Deutsche Bank
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April 7, 2015
16:00 EDTAMATOptions Update; April 7, 2015
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