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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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February 11, 2016
08:53 EDTAMATApplied Materials should be bought ahead of results, says Pacific Crest
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February 5, 2016
17:24 EDTLRCXKLA-Tencor agrees in principle to resolve merger related suit with Lam Research
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February 2, 2016
18:28 EDTAMATApplied Materials assumed with a Conviction Buy at Goldman
Goldman Sachs analyst Toshiya Hari assumed Applied Materials with a Conviction Buy rating and $22 price target. The analyst calls Applied Materials his top pick in the semi capital equipment space.
January 31, 2016
20:43 EDTLRCXOn The Fly: Top five weekend stock stories
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Coca-Cola (KO) announced a minority stake in diary and juice company Chi, with plans to take full ownership within three years. 2. Billionaire investor Nelson Peltz is considering taking an activist position in Time Warner (TWX), the New York Post reported. 3. Toyota (TM) could temporarily halt domestic production after an explosion at a key supplier curbed its supply of steel, Reuters said. 4. Investigations into Herbalife (HLF), as well as investigations into Bill Ackman himself, have fizzled and criminal charges look unlikely, the Wall Street Journal revealed. 5. Virtu Financial (VIRT) and Ctrip (CTRP) were discussed positively by Barron's this week, as well as "tech bargains" Autodesk (ADSK), Akamai (AKAM), Western Digital (WDC), SanDisk (SNDK) and Lam Research (LRCX) and attractive banking stocks Citi (C), JPMorgan (JPM), Bank of America (BAC) and Wells Fargo (WFC).
12:44 EDTLRCXAutodesk, Akamai among top tech picks after January selloff, Barron's says
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