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Stock Market & Financial Investment News

News Breaks
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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September 22, 2014
08:04 EDTAMATApplied Materials merger uncertainty could be opportunity, says Pacific Crest
Pacific Crest believes that the merger between Applied Materials and Tokyo Electron could be delayed until next year, while there is a small chance of China denying the merger. However, the firm recommends buying Applied Materials on any weakness relating to merger uncertainty, as it thinks the stock is worth $25 on a standalone basis. It keeps an Outperform rating on the shares.
September 18, 2014
12:22 EDTFORMFormFactor management to meet with Summit Research
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September 15, 2014
17:22 EDTFORMFormFactor files $150M mixed securities shelf
September 14, 2014
12:51 EDTLRCXLam Research shares could return 20%, Barron's says
Lam Research could rise to $86.00 in a year, driven by market share, and could return more than 20%, including dividends, Barron's contends in a feature article. Reference Link
September 11, 2014
18:35 EDTAMATOn The Fly: After Hours Movers
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18:31 EDTAMATApplied Materials/Tokyo Electron filing doesn't satisfy MofCom, Bloomberg says
Applied Materials' filing, which is seeking approval for the company's takeover of Tokyo Electron, did not satisfy China's Ministry of Commerce, according to Bloomberg, citing DealReporter.

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