New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2013
06:52 EDTGTATGT Advanced, Soitec enter development, licensing agreement, terms not disclosed
GT Advanced Technologies and Soitec announced a development agreement and a licensing agreement allowing GT to develop, manufacture and commercialize a high-volume, multi-wafer HVPE system to produce high-quality GaN epi layers on substrates used in the LED and other growth industries such as power electronics. The higher growth rates and improved material properties made possible by the HVPE system are expected to significantly reduce process costs while boosting device performance compared with the traditional MOCVD process. Initial pre-payment of the licensing fees as outlined in the agreement is already underway, but further specific terms were not disclosed. GT will develop, manufacture and commercialize the HVPE system incorporating Soitec Phoenix Labs', a subsidiary of Soitec, HVPE technology including its novel and advanced source delivery system that is expected to lower the costs of precursors delivered to the HVPE reactor. The HVPE system will enable the production of GaN template sapphire substrates at scale. The expected target date for the commercial availability of the HVPE system is the second half of 2014.
News For GTAT From The Last 14 Days
Check below for free stories on GTAT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 20, 2014
11:15 EDTGTATGT Advanced retreats after analyst downgrades stock
Shares of sapphire maker GT Advanced (GTAT) are falling after research firm CLSA downgraded the stock in a note to investors today. The firm cited concerns about increased costs associated with the company's deal with Apple as the main reason for the downgrade. WHAT'S NEW: GT Advanced's costs associated with its deal to supply sapphire to Apple are being impacted by low yields, CLSA analyst Mark Heller wrote after speaking with strategic consulting firm Yole Développement. Lower yields will reduce the amount of sapphire that GT Advanced can produce for Apple, and will negatively affect GT’s profit margins, explained Heller. He believes that GT Advanced's risk/reward ratio is balanced at current levels, and downgraded his rating on the shares to Underperform from Outperform. However, he raised his price target on the shares to $19 from $18. PRICE ACTION: In late morning trading, GT Advanced fell 2% to $18.
10:04 EDTGTATOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BHP Billiton (BHP) downgraded to Underperform from Neutral at Credit Suisse... GT Advanced (GTAT) downgraded to Underperform from Outperform at CLSA... Hertz (HTZ) downgraded to Hold from Buy at Deutsche Bank... IDEXX (IDXX) downgraded to Sell from Neutral at Northcoast... Prestige Brands (PBH) downgraded to Neutral from Buy at Sidoti... Real Goods Solar (RGSE) downgraded to Neutral from Buy at Roth Capital... Regal-Beloit (RBC) downgraded to Neutral from Buy at Longbow... SunCoke Energy (SXC) downgraded to Neutral from Outperform at Credit Suisse... Tidewater (TDW) downgraded to Market Perform from Outperform at Clarkson Capital.
09:38 EDTGTAT, GTATGT Advanced downgraded to Underperform from Outperform at CLSA
Subscribe for More Information
09:10 EDTGTAT, GTATGT Advanced downgraded to Underperform from Outperform at CLSA
August 19, 2014
05:52 EDTGTATStocks with implied volatility movement; GTAT ZNGA
Stocks with implied volatility movement; GT Advanced (GTAT) 76, Zynga (ZNGA) 52 according to iVolatility.
August 18, 2014
11:50 EDTGTATStocks with call strike movement; VRNG GTAT
Subscribe for More Information
08:30 EDTGTATApple starts production of smartphones with sapphire screens, Guardian says
Subscribe for More Information
August 14, 2014
19:41 EDTGTATApple considering sapphire glass in upcoming iPhone, smartwatch, WSJ reports
Subscribe for More Information
August 13, 2014
10:01 EDTGTATOn The Fly: Analyst Initiation Summary
Subscribe for More Information
August 12, 2014
16:25 EDTGTATGT Advanced initiated with an Outperform at Cowen
Subscribe for More Information
August 8, 2014
11:37 EDTGTATStocks with call strike movement; MCP GTAT
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use