Semi equipment stocks overreacting to Intel capex cut, says Summit Research Summit Research said Intel (INTC) is pushing out its 10nm plans for multiple reasons and that TSMC (TSM) and Samsung (SSNLF) will not let a "once in a lifetime opportunity" pass and will speed up their own spending. The firm believes the pullback in semiconductor equipment stocks, particularly Applied Materials (AMAT), KLA-Tencor (KLAC) and Lam Research (LRCX), on Intel's capex guidance cut is somewhat of an overreaction and recommends buying amid the weakness.
KLA-Tencor board increases quarterly dividend to 52c from 50c KLA-Tencor announced that its board has authorized an increase in the level of the company's quarterly dividend to 52c from 50c per share. This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in August 2015. This represents a 4% increase compared to the prior quarterly dividend. In addition to its regular quarterly dividend, KLA-Tencor also paid a special dividend of $16.50 per share in December of 2014.