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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:58 EDTLRCX, AMAT, ISRG, UCTTUltra Clean Holdings hits 52-week high after results, guidance top expectations
Shares of Ultra Clean Holdings (UCTT), which develops and supplies subsytems to the semiconductor capital equipment industry, are advancing after the company's fourth quarter results and first quarter guidance surpassed expectations. WHAT'S NEW: Last night, Ultra Clean reported Q4 adjusted earnings per share of 26c and revenue of $126.3M, topping expectations of 23c and $125.68M, respectively. The company forecast Q1 adjusted EPS of 28c-31c and revenue of $135M-$140M, compared to expectations of 21c and $122.4M, respectively. ANALYST REACTION: This morning, research firm Stifel raised its price target on Ultra Clean to $15 from $13 after the company reported Q4 results that the firm viewed as strong. The firm expects the company's earnings growth to accelerate going forward and it kept a Buy rating on the shares. Another firm, Northland Securities, raised its price target to $17 from $9 following the company's strong Q4 report. Northland kept an Outperform rating on the shares. PRICE ACTION: In late morning trading, Ultra Clean Holdings rose $1.49, or 12.5%, to $13.43 on nearly twelve times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $13.88. Including today's move, the stock has gained about 114% over the past twelve months. OTHERS TO WATCH: In its last annual 10K filing to the SEC last year, Ultra Clean said its three largest customers in fiscal year 2012 were Applied Materials (AMAT), Lam Research (LRCX) and Intuitive Surgical (ISRG).
News For UCTT;AMAT;LRCX;ISRG From The Last 14 Days
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January 22, 2015
16:59 EDTISRGIntuitive Surgical anticipates currency headwinds in 2015
16:58 EDTISRGIntuitive Surgical sees FY15 gross profit margin similar to Q4
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16:57 EDTISRGIntuitive Surgical sees 2015 procedural growth 7%-10%
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16:54 EDTISRGIntuitive Surgical encouraged by clinical developments in Europe
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16:51 EDTISRGIntuitive Surgical says Q4 U.S procedures grew 8%, international grew 21%
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16:39 EDTISRGIntuitive Surgical received regulatory clearance for da Vinci Xi system in Korea
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16:07 EDTISRGIntuitive Surgical Q4 worldwide da Vinci procedures grew nearly 10% YoY
The company placed 137 da Vinci Surgical Systems, compared to 138 in the fourth quarter of 2013 and 111 in the third quarter of 2014.
16:06 EDTISRGIntuitive Surgical reports Q4 EPS $4.92, consensus $4.38
Reports Q4 non-GAAP revenue $601M, consensus $589.37M.
15:32 EDTISRGNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Starbucks (SBUX), consensus 80c; Capital One (COF), consensus $1.74; Intuitive Surgical (ISRG), consensus $4.38; KLA-Tencor (KLAC), consensus 52c; Altera (ALTR), consensus 35c; E-Trade (ETFC), consensus 23c... ResMed (RMD), consensus 62c; Maxim Integrated Products (MXIM), consensus 30c; Maxim Integrated Products (MSCC), consensus 65c; Hexcel (HXL), consensus 54c; Polycom (PLCM), consensus 23c; Skyworks (SWKS), consensus $1.19; Curtiss-Wright (CW), consensus $1.00.
15:05 EDTISRGIntuitive Surgical January weekly 525 straddle priced for 5.4% movement into Q4
12:52 EDTISRGEarnings Preview: Intuitive Surgical sees Q4 da Vinci sales up 5% on GAAP basis
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12:10 EDTISRGIntuitive Surgical technical comments before results
The shares have been in a consolidation phase for the last month ahead of results. The low of the recent range is at $513 and the high of the range is at $538. Breaks of either end of this range will likely determine the future price path of the shares. A breakout above $538 on positive news would likely also tick the 52-week high at $541.23. Resistance levels to watch thereafter would be at $550, $567, and $574. A breakdown below the low of the range on a negative surprise would be bearish for future price. Below $513 next supports would be at $496.66, $486.61, and $467.26. The stock does have a history of extreme price reactions around earnings exacerbated by the small trading float. As of the last available report, the short-base in the name was neutral and relatively low compared to prior history.
January 21, 2015
14:41 EDTLRCX, AMATASML shares higher after reporting Q4 results, raising dividend
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08:40 EDTISRGIntuitive Surgical January weekly volatility elevated into Q4 and outlook
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07:44 EDTAMATApplied Materials coverage assumed with an Outperform at Credit Suisse
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07:44 EDTLRCXLam Research coverage assumed with an Outperform at Credit Suisse
Price target raised to $104 from $85.
January 20, 2015
16:00 EDTAMATOptions Update; January 20, 2015
iPath S&P 500 VIX Short-Term Futures down 36c to 35.12 Option volume leaders: AAPL TSLA TWTR GILD NFLX MGM ABX AMAT JNJ C according to Track Data.
January 15, 2015
10:19 EDTISRGOptions with decreasing implied volatility
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January 13, 2015
08:40 EDTISRGIntuitive Surgical reports preliminary Q4 revenue $605M, consensus $587.48M
Intuitive Surgical announced certain unaudited preliminary Q4 financial results. The company expects GAAP revenue for Q4 of approximately $605M, up approximately 5% from $576M for the 4Q13. The company expects non-GAAP revenue for Q4 of approximately $601M, which excludes approximately $4M of revenue associated with da Vinci Xi trade-out offers. The unaudited preliminary results are prior to the completion of our annual independent audit and therefore are subject to adjustment. Preliminary Q4 instruments and accessories revenue on a GAAP basis is expected to increase approximately 5% to approximately $281M from $268M during 4Q13. Preliminary fourth quarter 2014 da Vinci Surgical Systems revenue on a GAAP basis is expected to increase approximately 5% to approximately $214M from $205M during 4Q13. The company placed 137 da Vinci Surgical Systems during Q4, compared with 138 systems during 4Q13. The Preliminary Q4 GAAP service revenue is expected to increase approximately 6% to approximately $110M from $103M during 4Q13.
January 12, 2015
08:08 EDTISRGIntuitive Surgical procedures likely to exceed expectations, says SunTrust
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