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April 16, 2014
13:13 EDTLRCX, LTXC, ASML, AMAT, FORM, KLACASML trades lower after reducing Q2 sales view
Shares of Dutch semiconductor equipment maker ASML Holding (ASML) are falling today after the company reported first quarter results that were for the most part in-line with expectations but lowered its second quarter sales view. WHAT'S NEW: The company reported Q1 net sales of EUR1.4B vs. EUR892M from the same quarter a year ago, but, more importantly, said it sees lower than expected Q2 sales. For Q2, ASML expects net sales of around EUR1.6B, including EUV sales. "We are pleased to report that our first-quarter sales came in as expected, largely driven by memory customers," CEO Peter Wennink said. "Sales in the second quarter are, however, expected to be affected by adjustments of system demand from some logic customers." WHAT'S NOTABLE: As a result of lower sales expectations in Q2, the company lowered its first half 2014 net sales view to around EUR3B, including sales from Extreme Ultraviolet, EUV, systems, versus earlier guidance of around EUR3B excluding EUV. PRICE ACTION: In afternoon trading, ASML shares are down 4.60, or 5.4%, to $80.54. OTHERS TO WATCH: Other semiconductor equipment names are also down, including Applied Materials (AMAT), FormFactor (FORM), KLA-Tencor (KLAC), LTX-Credence (LTXC), and Lam Research (LRCX).
News For ASML;AMAT;FORM;KLAC;LRCX;LTXC From The Last 14 Days
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July 14, 2014
08:16 EDTKLACKLA-Tencor upgraded to Strong Buy from Neutral at ISI Group
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July 9, 2014
07:40 EDTKLAC, LRCX, ASMLCLSA to hold investor meetings at SEMICON West
Investor Meetings, in conjunction with SEMICON West, will be held in San Francisco on July 9.
07:40 EDTKLACKLA-Tencor financial model still shows upside to estimates, says UBS
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07:27 EDTFORM6th Annual CEO Investor Summit to be held in San Francisco on July 9
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05:42 EDTLRCXLam Research assumed with an Overweight at Piper Jaffray
Price target raised to $80 from $62.
05:41 EDTKLACKLA-Tencor assumed with an Overweight at Piper Jaffray
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July 8, 2014
16:23 EDTLRCXOn The Fly: Closing Wrap
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15:43 EDTKLACKLA-Tencor off lows as analyst briefing continues
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13:46 EDTLRCXLam Research sees 2014/15 average gross margin 45% with WFE about $32B
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13:40 EDTLRCXLam Research says committed to returning capital to shareholders
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13:39 EDTLRCXLam Research sees 2014/15 average EPS $4.65-$5.25 with WFE about $32B
If WFE is about $32B, Lam Research sees its 2014/2015 average non-GAAP EPS to be $4.65-$5.25 on revenue of about $5.1B. FY14 consensus for EPS and revenue are $4.40 and $4.6B, respectively, according to First Call. If WFE is about $32B, Lam sees its 2016/2017 average non-GAAP EPS $5.50-$6.25 on average revenue of about $5.6B. If WFE is about $36B, Lam sees its 2016/2017 average non-GAAP EPS $6.50-$7.50 on average revenue of about $6.3B. Lam's financial model presented during its analyst day meeting.
13:23 EDTLRCXLam Research says achieving previous financial model ahead of schedule
Previous 2013/2014 financial model called for revenue of $4.1B, non-GAAP gross margin ~45%, operating income ~17%. Sees FY14 WFE spend $32B +/- $1B. FY14 revenue consensus is $4.6B. Says "feels good" about market share momentum.
12:40 EDTLRCXLam Research says 'positioned to accelerate' 2014 outperformance
Inflections are creating SAM and market share growth opportunity, the company said.
12:23 EDTLRCXLam Research sees CY14 cash from operation about $1B
Lam sees operating income growth outpacing revenues by 2x in CY14 and sees approximately equivalent revenue performance in the first and second halves of the calendar year. Lam sees the wafer fabrication equipment market to be stronger in 2015 than in 2014. Comments from Lam Research's analyst and investor meeting.
08:25 EDTLRCXLam Research unveils 3D NAND, atomic-scale processing products
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07:35 EDTASML, KLAC, LRCXUBS to hold meetings at SEMICON West
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06:35 EDTKLACKLA-Tencor increases quarterly dividend by 11% to 50c from 45c
This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August.
06:35 EDTKLACKLA-Tencor board announces $1B share repurchase authorization
The board approved an increase in the company's share repurchase program for up to 13M additional shares of the company's common stock. This is in addition to the company's prior repurchase authorizations, under which approximately 2M shares remained available for repurchase as of June 30. The company's share repurchase program is now valued at over $1B based upon the closing price of the company's common stock as of July 7. The company presently anticipates that the current share repurchase authorization will be executed over the next 12-18 months.
05:48 EDTAMATApplied Materials assumed with an Overweight at Piper Jaffray
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05:13 EDTAMATApplied Materials, Tokyo Electron to be called Eteris
Applied Materials and Tokyo Electron unveiled the new name and logo of their combined company, Eteris, which will be used once the merger closes. Applied Materials and Tokyo Electron expect the transaction to close in the second half of 2014.
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