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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:58 EDTAMAT, ISRG, UCTT, LRCXUltra 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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July 6, 2015
10:01 EDTISRGOn The Fly: Analyst Downgrade Summary
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08:00 EDTISRGIntuitive Surgical downgraded due relative valuation at Morgan Stanley
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06:15 EDTISRGIntuitive Surgical downgraded to Underweight from Equal Weight at Morgan Stanley
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July 1, 2015
08:40 EDTAMATBofA/Merrill's Top 10 US Ideas for Q3
BofA/Merrill published its Top 10 U.S. Ideas Quarterly for Q3 that identifies companies it sees having significant catalysts in the next three months. The list includes eight Buys and two Underperforms. The Buys are Applied Materials (AMAT), Boise Cascade (BCC), Burlington Stores (BURL), Comcast (CMCSA), Comerica (CMA), Eli Lilly (LLY), Facebook (FB), and International Game (IGT). The Underperforms are BlackBerry (BBRY) and PBF Energy (PBF).
June 25, 2015
12:59 EDTISRGOptions with increasing implied volatility
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10:00 EDTISRGOn The Fly: Analyst Initiation Summary
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05:37 EDTISRGIntuitive Surgical initiated with an Overweight, $575 target at Barclays
Barclays analyst Matthew Taylor started shares of Intuitive Surgical with an Overweight rating and $575 price target. Taylor thinks surgery share will continue to shift to robotic and believes demand for Intuitive's da Vinci among general surgeons is very high. The stock closed yesterday down $4.17 to $492.45.
June 24, 2015
11:16 EDTISRGOptions with increasing implied volatility
Options with increasing implied volatility: WMB AMZN CMG BIIB VMW QLIK ISRG FB UA FFIV
10:00 EDTAMATOn The Fly: Analyst Upgrade Summary
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07:12 EDTAMATApplied Materials upgraded to Conviction Buy from Buy at Goldman
Goldman added Applied Materials to the Conviction Buy List with a $24 price target due to the accelerating 3D NAND product cycle, increased focus on the core business, and capital allocation. The firm believes the July SEMICON meeting will be a catalysts for shares and provide constructive commentary on fundamentals.
June 23, 2015
11:00 EDTISRGOptions with increasing implied volatility
Options with increasing implied volatility:TRIP WPZ CMG BIIB WMB AMZN ISRG VMW
June 22, 2015
10:47 EDTAMATCadence Design and Applied Materials collaborate on joint development program
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10:41 EDTISRGOptions with increasing implied volatility
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