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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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August 27, 2014
07:43 EDTKLACJefferies to hold a summit
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August 26, 2014
16:16 EDTASMLASML initiated with a Hold at Stifel
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August 24, 2014
21:56 EDTLRCX, AMATB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 15, 2014
11:42 EDTLRCX, 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).
August 14, 2014
19:08 EDTAMATOn The Fly: After Hours Movers
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17:00 EDTLRCXGreenlight Capital gives quarterly update on stakes
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16:04 EDTAMATApplied Materials sees Q4 adjusted EPS 25c-29c, consensus 26c
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16:03 EDTAMATApplied Materials reports Q3 adjusted EPS 28c, consensus 27c
Reports Q3 revenue $2.27B, consensus $2.29B. Reports Q3 orders of $2.48B, up 24% year over year led by SSG year-over-year order growth of $362M. Reports Q3 adjusted gross margin 45.5%, up 260 basis points year over year.
15:03 EDTAMATNotable companies reporting after market close
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11:50 EDTAMATApplied Materials technical comments ahead of earnings
The stock has outperformed the broader averages in the prior three months, trading up over 11%. The trend has been mixed in the interval, with a strong bullish trend initially followed by a bearish dip in the last several weeks. Current price is near the middle of the range for the quarter at $18.50 at the low and $23 at the high. Those two bounds give us some objective measure for determining where price may go depending on the nature of the earnings news. On better than expected results or guidance, a run back to $23 could be expected. The 52-week high is at $23.46. If that were taken out on the upside on a major positive surprise, next resistance would be at $24.41, a price last seen in 2004. If the news disappoints, a test down to the low of the range at $18.50 can be expected. A breakdown below $18 would snap the uptrend in place for the last two years. Support in that event would be at $17.55.
07:19 EDTAMATApplied Materials August volatility increases into Q3 and outlook
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August 13, 2014
16:00 EDTAMATOptions Update; August 13, 2014
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06:05 EDTAMATApplied Materials implied volatility of 41 at upper end of index mean range

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