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Stock Market & Financial Investment News

News Breaks
April 16, 2014
13:13 EDTLRCX, LTXC, AMAT, KLAC, ASML, FORMASML 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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April 20, 2015
19:21 EDTLRCX, KLAC, AMATSemiconductor equipment stocks rising after Lam Research Q3 results
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18:48 EDTAMAT, LRCXOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
16:12 EDTLRCXLam Research sees Q4 EPS $1.46, plus or minus 7c, consensus $1.35
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16:11 EDTLRCXLam Research reports Q3 EPS $1.40, consensus $1.30
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15:37 EDTLRCXNotable companies reporting after market close
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13:58 EDTLRCXLam Research technical comments ahead of earnings
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07:30 EDTAMATApplied Materials added to Franchise Picks list at Jefferies
Jefferies added Applied Materials (AMAT) to its Franchise Picks list with the stock down 14% year-to-date. The firm attributes the pullback to concerns around tool reuse, and notes it still expects foundry capital spending to increase amid "increased process complexity and competition." Jefferies' work indicates TSMC's (TSM) and Intel's (INTC) capex cuts were driven by market share losses rather than innovation in tool reuse. It keeps a Buy rating on AMAT with a $29 price target.
April 19, 2015
12:41 EDTLRCXKroger, Dollar General, others can be bought and held for 3 years, Barron's says
Shares of PACCAR (PCAR), Lam Research (LRCX), Kroger (KR), Autoliv (ALV), Archer Daniels (ADM), and Dollar General (DG) should be bought and held for the next three years due to high return on invested capital, Barron's contends in a feature article. Reference Link
April 16, 2015
16:12 EDTFORMFormFactor announces $25M repurchase program
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11:07 EDTKLAC, AMAT, LRCXTSMC capex cut not worrisome for semi equipment makers, says Summit Research
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10:36 EDTAMATApplied Materials drifts lower, levels to watch
The shares are down nearly 3% to $21.87 as Intel's (INTC) capex cuts weigh on the stock and its peers. At current price next support is at $21.36. Resistance is at $22.39.
10:00 EDTASMLOn The Fly: Analyst Upgrade Summary
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05:43 EDTASMLASML upgraded to Buy from Neutral at Citigroup
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April 15, 2015
13:32 EDTASMLASML downgraded to Hold from Buy at Summit Research
Summit Research downgraded ASML to Hold from Buy citing the company's implied guidance for the second half of the year and its lack of visibility. The firm lowered its price target on the stock to $85 from $115.
10:03 EDTASMLHigh option volume stocks
High option volume stocks: SKS NSAM AMP CTXS KS WUBA CIT OC ASML SLM
09:29 EDTASMLASML sees Q2 revenue around EUR 1.6B, gross margin around 45%
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09:28 EDTASMLASML reports Q1 EPS EUR 0.93 vs. EUR 0.70 last year
Reports Q1 revenue EUR 1.65B vs. EUR 1.49B last year. ASML said, "Our first-quarter net sales came in as guided at 1.65 billion euros, driven by continued strong DRAM memory segment sales in combination with higher foundry segment sales. Our gross margin rose to 47.2 percent, a reflection of product mix as well as better utilization of our production facilities, which was partly offset by unfavorable foreign exchange effects."
06:41 EDTAMAT, LRCXCiti recommends Applied Materials, Lam after Intel capex cut
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April 14, 2015
17:04 EDTKLAC, AMAT, LRCXSemiconductor equipment stocks lower after Intel cuts FY15 CapEx view
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06:58 EDTLRCXLam Research should be bought on weakness, says Pacific Crest
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