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Stock Market & Financial Investment News

News Breaks
August 15, 2014
11:42 EDTKLIC, LRCX, KLAC, AMATApplied 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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February 5, 2016
17:24 EDTLRCX, KLACKLA-Tencor agrees in principle to resolve merger related suit with Lam Research
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February 3, 2016
11:26 EDTKLICOptions with increasing call volume; LOW LNC DG EW SNOW KLIC CIT AN EAT SYT
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10:07 EDTKLICHigh option volume stocks: DF WDR KLIC ST CIT PGTI EW ING TSM NOV
07:00 EDTKLICKulicke & Soffa launches IConn MEM PLUS Wire Bonder series
Kulicke & Soffa launched its IConn MEM PLUS High Performance Wire Bonder series. The IConn MEM PLUS is built on the IConn PLUS wire bonder platform, with newly developed hardware and process capabilities.
06:57 EDTKLICKulicke & Soffa receives first order for its Advanced Packaging solution
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06:56 EDTKLICKulicke & Soffa sees Q2 revenue $130M-$140M, consensus $129.13M
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06:56 EDTKLICKulicke & Soffa reports Q1 EPS 0c, consensus (13c)
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February 2, 2016
18:28 EDTAMATApplied Materials assumed with a Conviction Buy at Goldman
Goldman Sachs analyst Toshiya Hari assumed Applied Materials with a Conviction Buy rating and $22 price target. The analyst calls Applied Materials his top pick in the semi capital equipment space.
January 31, 2016
20:43 EDTLRCXOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
12:44 EDTLRCXAutodesk, Akamai among top tech picks after January selloff, Barron's says
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January 28, 2016
16:43 EDTKLACKLA-Tencor sees Q3 shipments $720M-$800M
16:40 EDTKLACKLA-Tencor sees Q3 EPS 86c-$1.06, consensus 94c
Sees Q3 revenue $690M-$750M, consensus$732.84M.
16:26 EDTKLACKLA-Tencor reports Q2 EPS $1.04, consensus 85c
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07:50 EDTLRCXLam Research weakness would be a buying opportunity, says Cowen
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January 27, 2016
16:23 EDTLRCXLam Research slips after results
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16:13 EDTLRCXLam Research sees Q3 EPS $1.07, plus or minus 10c, consensus $1.31
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16:12 EDTLRCXLam Research reports Q2 EPS $1.57, consensus $1.43
Reports Q2 revenue $1.43B, consensus $1.41B. The company said, "Strong execution combined with our ability to capitalize on the inflection-driven market expansion continued to drive outperformance in profitable growth. We remain committed to invest proactively and broadly to create enabling value for our customers and growth for Lam. We are excited about our proposed business combination with KLA-Tencor, which upon completion will deliver a new and unmatched capability to the benefit of the global semiconductor industry."
14:34 EDTLRCXNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Facebook (FB), consensus 68c... Qualcomm (QCOM), consensus 90c... Texas Instruments (TXN), consensus 69c... McKesson (MCK), consensus $3.13... PayPal (PYPL), consensus 35c... Las Vegas Sands (LVS), consensus 65c... eBay (EBAY), consensus 50c... Crown Castle (CCI), consensus $1.10... Vertex (VRTX), consensus 17c... Discover (DFS), consensus $1.30... SanDisk (SNDK), consensus 89c... ServiceNow (NOW), consensus 8c... Lam Research (LRCX), consensus $1.43... Citrix Systems (CTXS), consensus $1.19... Hologic (HOLX), consensus 42c... Juniper (JNPR), consensus 59c... Cavium (CAVM), consensus 28c... Cirrus Logic (CRUS), consensus 81c.

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