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November 15, 2012
13:40 EDTAMATEarnings Preview: Applied Materials to report decline in silicon system revenue
Applied Materials (AMAT) is expected to report Q4 earnings after the market close on Thursday, November 15, with a conference call scheduled for 4:30 pm ET. The consensus estimate is 3c for EPS and $1.58B for revenue, according to First Call. Like most of the semi group, Applied Materials has had a tough year. Revenues and EPS have fallen year-over-year for four straight quarters. Guidance from the last earnings call for Q4 is adjusted EPS of 0c-6c on revenue that is 25%-40% lower than Q3's $2.34B. Piper Jaffray estimates Q4 sales to decline 33% to $1.56B, in-line with its guidance. The firm believes silicon systems revenues were down 50% quarter-over-quarter to $773M which likely is the near term trough. Overall orders for Q4 were down 17% quarter-over-quarter to $1.49B. Piper sees 1Q13 orders to grow 10% quarter-over-quarter compared to their prior view of a big snap-back. Overall orders likely improve 5% quarter-over-quarter, with Silicon orders expected to be up 10% quarter-over-quarter. Piper views the Solar segment to remain dormant while the Display segment recovers modestly.
News For AMAT From The Last 14 Days
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November 20, 2015
11:13 EDTAMATIntel, semi equipment stocks rise following chip giant's guidance
Intel (INTC) is climbing after the chip maker said at its analyst day meeting yesterday that it expects its revenue to grow by a mid-single digit percentage in fiscal 2016, up from a decline of 1% this year. On the heels of yesterday's meeting, research firm JMP Securities upgraded its rating on the stock to Outperform, saying that the company's margins and revenue are poised to climb next year. WHAT'S NEW: After conducting checks at a trade show and investor event, JMP Securities analyst Alex Gauna wrote that Intel's outlook in the cloud has improved, while its execution risk has dropped. Discussing Intel's outlook in the server chip market, Gauna wrote that the tech giant "has made significant strides" with its Xeon, Xeon Phi and Atom chips, even as rival ARM-based servers are growing more slowly than expected. Moreover, Intel is benefiting from the strong performance of its 2-in-1 notebooks, data center offerings, and enterprise PCs, Gauna reported. He believes that the chip maker's earnings are bottoming, while its revenue and margins are poised to rebound next year. Gauna raised his fiscal 2016 earnings per share estimate for the company to $2.45 from $2.10. Analysts' consensus estimate is $2.35. Gauna set a $45 price target on Intel. WHAT'S NOTABLE: Noting that Intel had predicted that its capital spending would jump 37% in 2016, KeyBanc said that this news is positive for semiconductor equipment stocks. According to the firm, Applied Materials (AMAT), Lam Research (LRCX) and Nanometrics (NANO) all have high exposure to Intel. It recommended that investors buy those stocks. PRICE ACTION: In late morning trading, Intel advanced 2% to $35, while Applied Materials rose fractionally, Lam Research gained 0.8%, Nanometrics added 1.7% and Rudolph Technologies (RTEC) jumped 4%.
08:18 EDTAMATChip equipment names have positive read through from Intel, says Pacific Crest
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November 17, 2015
07:56 EDTAMATUBS to hold a conference
Global Technology Conference is being held in San Francisco on November 16-18 with webcasted company presentations to begin on November 17 at 10:45 am.; not all company presentations may be webcasted. Webcast Link
November 16, 2015
16:43 EDTAMATGreenlight Capital added Apple, sold some SunEdison
Greenlight Capital gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: CNX Coal Resources (CNXC), Garmin (GRMN), Terraform Global (GLBL), and Liberty Global (LILA). INCREASED STAKES: Apple (AAPL), Michael Kors (KORS), Dillard's (DDS), UIL Holdings (UIL), and Twenty-First Century Fox (FOXA). DECREASED STAKES: SunEdison (SUNE), Micron (MU), Voya (VOYA), Applied Materials (AMAT), and SunEdison Semiconductor (SEMI). LIQUIDATED STAKES: Citizens Financial (CFG), Lam Research (LRCX), Spirit AeroSystems (SPR), Hertz (HTZ), and Macy's (M).

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