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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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May 22, 2015
08:33 EDTLRCX, AMAT, ASML, KLACSeveral companies to benefit from GLOBALFOUNDRIES capex, says Pacific Crest
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May 21, 2015
06:12 EDTAMATApplied Materials implied volatility of 21 at lower end of index mean range
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May 19, 2015
09:08 EDTLRCXLam Research recommended on higher 3D NAND spending at Goldman
Goldman reiterates its Conviction Buy rating on Lam Research given potential for higher 3D NAND spending in 2H. The firm expects the secular transition to 3D NAND and aggressive capital allocation to re-rate shares. Goldman's price target on Lam Research is $91.
06:44 EDTFORMFormFactor management to meet with Needham
Meeting to be held in the Pacific Northwest on May 20 hosted by Needham.
May 18, 2015
16:10 EDTLRCXLam Research raises quarterly dividend 67% to 30c per share
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May 15, 2015
16:51 EDTLRCXGreenlight Capital gives quarterly update on stakes
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11:57 EDTLRCX, KLAC, AMATApplied Materials jumps after reporting highest revenue in three years
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10:40 EDTAMATStocks with call strike movement; MU AMAT
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09:11 EDTAMATOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
08:33 EDTAMATApplied Materials reported strong Q2 results, says Pacific Crest
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06:30 EDTAMATApplied Materials outlook positive, downside limited, says Piper Jaffray
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May 14, 2015
19:02 EDTAMATOn The Fly: After Hours Movers
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16:05 EDTAMATApplied Materials sees Q3 EPS 31c-35c, consensus 33c
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16:03 EDTAMATApplied Materials reports Q2 EPS 29c, consensus 28c
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15:01 EDTAMATNotable companies reporting after market close
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14:34 EDTAMATApplied Materials technical remarks before results
The stock's chart over the last year has been marked by two large double tops that completed, and from which new rallies began in the case of the former in October of last year. Ahead of earnings, the current double top has largely completed. If the news and outlook is more bullish than expected, then a new rally may begin from current levels. Resistance levels to watch as potential upside objectives would be at $20,60, $21.44, $22.69, and $23.46. If the news is bearish, given the preceding double top the downside could be significant. Support levels to watch as potential downside objectives are at $18.63, $17.69, and $16.40.
11:43 EDTAMATApplied Materials May volatility elevated into Q3 and outlook
Applied Materials May call option implied volatility is at 72, June is at 29, July is at 28; compared to its 90-day average of 29; suggesting large near term price movement into the expected release of Q3 results today after the market close.
May 12, 2015
05:59 EDTAMATPiper sees opportunity in Applied Materials ahead of earnings
Piper Jaffray views the recent pullback in shares of Applied Materials as an opportunity ahead of the company's earnings this week. Piper sees limited downside from current levels and believes the Applied's WFE outlook "will not deviate much from that of its peers." The firm reiterates an Overweight rating on the stock with a $25 price target.

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