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Stock Market & Financial Investment News

News Breaks
May 22, 2014
08:26 EDTLRCX, INTCLam Research should be bought on demand related weakness, says Pacific Crest
Pacific Crest recommends buying Lam Research (LRCX) on any pullbacks related to weak demand. The firm expects Lam Research to gain share at Intel (INTC) and others. It keeps a $65 price target and Outperform rating on Lam.
News For LRCX;INTC From The Last 14 Days
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August 27, 2014
07:23 EDTINTCIntel plans high-end 'smart bracelet,' Business Insider says
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August 26, 2014
07:20 EDTINTCTablets seen declining, notebooks growing in 2014, DigiTimes says
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06:26 EDTINTCIntel looking to ship 25M tablet processors in 2H, DigiTimes reports
Intel is looking to ship 25M units of its tablet processors in 2H in a move to ship 40M units this year, sources from the upstream supply chain tell DigiTimes. The company shipped under 15M tablet processors in 1H. Reference Link
August 25, 2014
06:30 EDTINTCIntel, Chunghwa Telecom sign cooperation MOU for IoT, DigiTimes reports
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August 24, 2014
21:56 EDTLRCX, INTCB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 20, 2014
13:05 EDTINTCIntel and Unity collaborate to extend Android support across Intel-based devices
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August 18, 2014
10:29 EDTINTCGoldman cuts sector view on semiconductors to Cautious
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08:04 EDTINTCSemiconductors sector downgraded to Cautious from Neutral at Goldman
Goldman downgraded the Semiconductors sector to Cautious given signs the cycle is turning based on expectations for a slowdown in semiconductor revenue growth, above trend semi unit shipments that should normalize, and stretching lead times. As a result, the analyst sees risk to Q4 estimates and sees further downside of 10%-25% for the SOX (SOX) and downgraded NXP Semiconductors (NXPI) to Sell from Neutral, InvenSense (INVN) to Neutral from Buy, and removed Maxim Integrated (MXIM) from the Conviction Buy List.
August 15, 2014
11:42 EDTLRCXApplied Materials rises following strong profit, gross margin, order growth
Shares of semiconductor equipment maker Applied Materials (AMAT) are advancing after posting strong third quarter profit, adjusted gross margin, and order growth. WHAT'S NEW: Last night, Applied Materials reported Q3 adjusted earnings per share of 28c and revenue of $2.27B, compared to analysts’ consensus estimates of 27c and $2.29B, respectively. Q3 adjusted gross margin came in at 45.5%, up 260 basis points year-over-year, and up 130 basis points sequentially. Q3 orders of $2.48B, increased 24% year-over-year led by SSG year-over-year order growth of $362M. President and CEO Gary Dickerson said, “We have focused our strategy and investments in areas that have the largest impact for customers while driving improvements in execution and speed across the company. With these actions, we have improved our operating margins for seven quarters in a row and are making substantial progress towards our long-term financial model." WHAT’S NOTABLE: For the fourth quarter, Applied Materials expects adjusted EPS of 25c-29c, versus consensus of 26c. Q4 revenue is expected to be approximately flat, plus or minus 3% sequentially, and up by approximately 10%-17% from the year-ago period, compared to consensus of $2.28B. PRICE ACTION: In late morning trading, Applied Materials rose $1.04, or about 5%, to $22.19 on heavy trading volume. Including today’s advance, the stock has gained approximately 45% over the past twelve months. OTHERS TO WATCH: Other companies in the semiconductor equipment space include Lam Research (LRCX), Kulicke and Soffa (KLIC), and KLA-Tencor (KLAC).
06:23 EDTINTCIntel teaming with SMS Audio for biometric earbuds, WSJ reports
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August 14, 2014
17:00 EDTLRCXGreenlight Capital gives quarterly update on stakes
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August 13, 2014
17:38 EDTINTCAvago to sell Axxia Networking Business to Intel for $650M
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05:59 EDTINTCIntel could invest up to $100B in Oregon over 30 year period
Washington County, a political subdivision of the State of Oregon, the City of Hillsboro, a municipal corporation, and Intel have entered into a strategic investment program agreement. The SIP application requested that Intel and the County enter into a SIP Agreement to provide a framework for potential additional Intel investment in Oregon of up to $100B over a 30 year period commencing around the time when the current SIP agreement between Intel and the County approaches or reaches the limits of its current investment ceiling. In general terms, Intel’s investment will consist primarily of proposed investments in semiconductor manufacturing equipment and facilities to promote job retention of its semiconductor manufacturing and semiconductor technology development work force. Reference Link

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