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Stock Market & Financial Investment News

News Breaks
February 19, 2014
11:58 EDTUCTT, AMAT, LRCX, ISRGUltra 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
Check below for free stories on UCTT;AMAT;LRCX;ISRG the last two weeks.
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September 29, 2014
08:36 EDTISRGIntuitive Surgical receives FDA clearance for Single-Site Wristed Needle Driver
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September 25, 2014
10:14 EDTUCTTUltra Clean management to meet with Needham
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September 24, 2014
14:00 EDTISRGIntuitive Surgical volatility at low on tight three-month range
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09:34 EDTAMATActive equity options trading on open
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07:36 EDTISRGIntuitive Surgical stapler issue unlikely to impact results, says JPMorgan
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September 23, 2014
10:02 EDTISRGOn The Fly: Analyst Initiation Summary
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09:37 EDTAMATActive equity options trading on open
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06:17 EDTISRGIntuitive Surgical initiated with a Sector Perform at RBC Capital
Target $523.
September 22, 2014
08:04 EDTAMATApplied Materials merger uncertainty could be opportunity, says Pacific Crest
Pacific Crest believes that the merger between Applied Materials and Tokyo Electron could be delayed until next year, while there is a small chance of China denying the merger. However, the firm recommends buying Applied Materials on any weakness relating to merger uncertainty, as it thinks the stock is worth $25 on a standalone basis. It keeps an Outperform rating on the shares.
07:50 EDTISRGDoctors continue to use morcellators despite FDA warning, J&J halt, WSJ says
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07:47 EDTISRGIntuitive Surgical shipment halt unlikely to have major impact, says Wedbush
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07:45 EDTISRGIntuitive Surgical stapler halt may stop momentum, says Canaccord
Canaccord said Intuitive Surgical's "stop use" notice sent to hospitals regarding its EndoWrist Stapler 45 is a negative and could halt momentum in shares. The firm remains cautious and maintains its Hold rating on Intuitive Surgical given slowing GYN growth, constrained hospital budgets, and the recent change in financial reporting.
September 18, 2014
08:37 EDTISRGIntuitive reports FDA clearance of da Vinci in benign, base of tongue procedures
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