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Stock Market & Financial Investment News

News Breaks
April 16, 2014
13:13 EDTLTXC, LRCX, FORM, AMAT, KLAC, ASMLASML 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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June 26, 2015
06:38 EDTKLACKLA-Tencor backs Q4 non-GAAP EPS 78c-$1.02, consensus 91c
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06:37 EDTKLACKLA-Tencor to recognize $26M-$36M in costs related to workforce reduction
KLA-Tencor currently estimates that, in connection with the global employee workforce reduction plan, it will recognize net charges in the range of approximately $26M-$36M for estimated severance costs and other related costs. Substantially all of these net charges are expected to be cash expenditures. The company expects to recognize a majority of these charges in the fourth quarter of fiscal year 2015. On April 23, 2015, the company announced a plan to reduce its global employee workforce by up to 10% to streamline its organization and business processes in response to changing customer requirements in its industry. The goal of this reduction is to enable continued innovation and direct the company’s resources toward its best opportunities. The company expects to substantially complete the employee reduction by the end of the first quarter of fiscal year 2016, but certain reductions will occur in the second quarter of fiscal year 2016.
June 24, 2015
10:00 EDTAMATOn The Fly: Analyst Upgrade Summary
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07:12 EDTAMATApplied Materials upgraded to Conviction Buy from Buy at Goldman
Goldman added Applied Materials to the Conviction Buy List with a $24 price target due to the accelerating 3D NAND product cycle, increased focus on the core business, and capital allocation. The firm believes the July SEMICON meeting will be a catalysts for shares and provide constructive commentary on fundamentals.
June 22, 2015
10:47 EDTAMATCadence Design and Applied Materials collaborate on joint development program
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