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Stock Market & Financial Investment News

News Breaks
January 17, 2013
11:46 EDTINTC, AIXG, QCOM, KLAC, ASML, TSMSemiconductor makers rally after earnings from TSMC, ASML
Taiwan Semi, also known as TSMC, reported Q4 earnings of 28c per ADR unit, matching consensus estimates, on revenue of NT$131.31B. Lora Ho, SVP and CFO of TSMC, said, “In the fourth quarter, demand for our products was higher than we expected three months ago, resulting in above-guidance revenue and profit margins. We now expect the supply chain inventory DOI to decline only slightly in the first quarter, and our revenue will also decline only slightly in the first quarter from the previous quarter." TSMC guided to Q1 revenue between NT$127B-NT$129B and an operating profit margin of 31.5%-33.5%. ASML also reported before today's opening bell, announcing Q4 adjusted EPS of EUR0.73, which was up from EUR0.67 in the prior quarter. ASML's Q4 revenue declined to EUR1.02B from EUR1.21B in the same quarter of last year. ASML also forecast its Q1 revenue to decline, but added it sees "a slow Q1 start, recovering in Q2 and a relatively large second half" in 2013. Also, shares of ASML were upgraded by research firm Bank of America Merrill Lynch this morning to Buy from Neutral. In late morning trading, shares of ASML rose about 7.6% to $68.70, while TSMC advanced over 2% to $18.18. Some other names rising in the semiconductors space included KLA-Tencor (KLAC), up 6.6% to $51.72, and Aixtron (AIXG), up 6% to $13.74. Shares of the largest players in the industry were higher as well, with Intel (INTC) up over 1% ahead of its earnings report, due out after the bell tonight, and Qualcomm (QCOM) up about 0.5% to $65.10.
News For TSM;ASML;KLAC;AIXG;INTC;QCOM From The Last 14 Days
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January 22, 2015
14:45 EDTQCOMQualcomm seen giving Samsung redesigned Snapdragon, WSJ says
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08:02 EDTQCOMImpact to Qualcomm of Galaxy loss would be relatively small, says Bernstein
After Bloomberg reported that Samsung would not use Qualcomm's chip for the upcoming Galaxy S 6, Bernstein estimates that Qualcomm's EPS would only be negatively impacted by 2%-8% if its chip is not included in the devices. The firm says that other licensing headwinds will have more of an impact on Qualcomm. It keeps a $70 price target and Market Perform rating on the stock.
January 21, 2015
14:50 EDTASMLASML strong guidance reflected in valuation, says Piper Jaffray
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14:41 EDTASML, KLACASML shares higher after reporting Q4 results, raising dividend
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11:22 EDTQCOMAnalyst disputes report of Qualcomm troubles with Samsung
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09:46 EDTQCOMSamsung unlikely to switch from Qualcomm in all Galaxy S6, says Cowen
Cowen doubts that Samsung (SSNLF) is ready to switch away from Qualcomm (QCOM) components to a whole new chip system for its Galaxy S6 phone, as implied by a Bloomberg report, and believes instead that the phone maker will launch the Galaxy S6 in Korea with its own chips and slightly delay the phone elsewhere while Qualcomm works through its issues. The firm, which also thinks Qualcomm has already solved the reported heating problem with the Snapdragon 810, maintains its Outperform rating and $79 price target on Qualcomm.
09:44 EDTQCOMQualcomm slips on reports its chips won't be used in new Galaxy phone
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09:37 EDTQCOMQualcomm shares defended at Credit Suisse
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08:13 EDTQCOMQualcomm slides after reportedly being dropped from Galaxy phone
Samsung Electronics (SSNLF), which is trying to become more self-sufficient and give a boost to its own processor-making unit, will reportedly drop Qualcomm’s (QCOM) Snapdragon chip in favor of its own microprocessors in the next Galaxy S smartphone, according to a report from Bloomberg that cited people with direct knowledge of the matter. Shares of Qualcomm are down 2.7% to $70.50 in pre-market trading following the Bloomberg report.
07:45 EDTASMLASML downgraded to Neutral from Buy at Citigroup (yesterday)
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07:45 EDTKLACKLA-Tencor coverage assumed with a Neutral at Credit Suisse
07:45 EDTASMLASML coverage assumed with a Neutral at Credit Suisse
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07:15 EDTINTCAny Intel server weakness likely a hiccup, says RBC Capital
After JMP Securities yesterday downgraded Intel (INTC) based partly on information from a source who said that server component sales have been weak in 2015, RBC Capital says any weakness is probably due to a three month delay caused by a technical problem and is not demand driven. RBC Capital expects the technical problem to be resolved within three months but keeps a $40 price target and Sector Perform rating on Intel.
05:53 EDTQCOMStocks with implied volatility movement; IBM QCOM
Stocks with implied volatility movement; IBM (IBM) 27, Qualcomm (QCOM) 33 according to iVolatility.
05:53 EDTQCOMSamsung drops Qualcomm chip from next Galaxy smartphone, Bloomberg reports
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January 20, 2015
11:15 EDTINTCIntel slips after JMP cuts to sell, Canaccord says upgrade not yet warranted
Following Intel's (INTC) fourth quarter results last week, two research firms issued cautious notes on the stock today. JMP Securities downgraded the stock to Underperform, which is the firm's "Sell" equivalent rating, while Canaccord kept a Hold rating on the shares, though the latter firm said its outlook on the company's fundamentals is continuing to become more positive and raised its price target on the name. WHAT'S NEW: Intel's Q4 results were "mixed," but the company's fundamentals appear to have improved, Canaccord analyst Matt Ramsay wrote in a note to investors today. The company's data center group and Internet of Things group should generate sustained 15%+ and 20%+ growth, respectively, over the next several years, the analyst stated. Meanwhile, Intel's PC client group should be able to cut costs further, Ramsay believes. The analyst said he had "intended to upgrade the stock" after the results, given his long-term upbeat view of the company, but was unable to do so. Ramsay explained that he changed his mind because he does not think the company's profits will increase at all this year, while the stock largely already reflects his expectations for solid profit growth in 2016. The analyst increased his price target on the shares to $40 from $36 but kept a Hold rating on the stock. More bearish was JMP Securities analyst Alex Gauna. Gauna downgraded the stock to Underperform from Market Perform and set a $30 price target on Intel. After speaking with a source who sells server components, the analyst reported that the source's business has been weak this month. Weak server component sales are likely to pull down Intel's stock, given its relatively high valuation, the analyst stated. Meanwhile, Intel's gross margins have probably peaked, Gauna believes. PRICE ACTION: In morning trading, Intel fell 1.7% to $35.82.
09:06 EDTKLACCyberoptics announces 3D sensor supply relationship with KLA-Tencor
CyberOptics (CYBE) has qualified as a supplier to KLA-Tencor (KLAC), and has entered into a mutually exclusive agreement to supply 3D sensor subsystems for KLA-Tencor BEOL package inspection systems.
08:07 EDTINTCIntel downgraded at JMP Securities
As noted earlier, JMP Securities downgraded Intel to Underperform from Market Perform. The firm reports that industry sources said there has been a sharp downturn in server activity going into 2015.
07:59 EDTINTCIntel upgrade not warranted due to lack of EPS growth, says Canaccord
Canaccord said it intended to upgrade Intel following its mixed Q4 results, but with estimates for essentially no earnings growth in 2015, the firm could not justify it. As a result, Canaccord raised its price target to $40 from $35 on Intel shares and maintained its Hold rating, but noted it stands ready to upgrade the stock on a pullback.
06:12 EDTINTCIntel downgraded to Underperform from Market Perform at JMP Securities
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