Veeco Instruments Inc. (NASDAQ: VECO), Adolor (NASDAQ: ADLR), Aixtron AG (NASDAQ: AIXG), Applied Materials, Inc. (NASDAQ: AMAT), Dollar General (NYSE: DG) and KLA-Tencor (NASDAQ: KLAC) getting new coverage from analysts.
Oppenheimer initiated coverage on Veeco Instruments Inc. (VECO). They placed a “Perform” rating and a price target of $45.00 on the company.
William Blair initiated coverage on Adolor (ADLR). They placed an “Outperform” rating on the company.
Oppenheimer initiated coverage on Aixtron AG (AIXG). They placed a “Perform” rating and a price target of $32.00 on the company.
Oppenheimer initiated coverage on Applied Materials, Inc. (AMAT). They placed a “Perform” rating and a price target of $15.00 on the company.
BMO Capital Markets initiated coverage on Dollar General (DG). They placed an “Outperform” rating and a price target of $40.00 on the company.
Oppenheimer initiated coverage on KLA-Tencor (KLAC). They placed an “Outperform” rating and a price target of $50.00 on the company.
Showing posts with label KLA-Tencor. Show all posts
Showing posts with label KLA-Tencor. Show all posts
Monday, August 8, 2011
Monday, August 1, 2011
Alere (ALR) (CCI) (CERN) (CHK) (EXPE) (KLAC) Price Targets Changed
Alere Inc. (NYSE: ALR), Crown Castle (NYSE: CCI), Cerner Corp. (NASDAQ: CERN), Chesapeake Energy (NYSE: CHK), Expedia, Inc. (NASDAQ: EXPE) and KLA-Tencor (NASDAQ: KLAC) price targets adjusted by analysts.
Alere Inc. (ALR) had its price target lowered by RBC Capital from $35.00 to $32.00. They have a “Sector Perform” rating on the company.
Crown Castle (CCI) had its price target raised by Collins Stewart from $56.00 to $58.00. They have a “Buy” rating on the company.
Cerner Corp. (CERN) had its price target raised by FBR Capital from $66.00 to $72.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00.
Expedia, Inc. (EXPE) had its price target raised by Jefferies (NYSE:JEF) to $35.00.
KLA-Tencor (KLAC) had its price target lowered by RBC Capital from $47.00 to $39.00. They have a “Sector Perform” rating on the company.
Alere Inc. (ALR) had its price target lowered by RBC Capital from $35.00 to $32.00. They have a “Sector Perform” rating on the company.
Crown Castle (CCI) had its price target raised by Collins Stewart from $56.00 to $58.00. They have a “Buy” rating on the company.
Cerner Corp. (CERN) had its price target raised by FBR Capital from $66.00 to $72.00. They have an “Outperform” rating on the company.
Chesapeake Energy (CHK) had its price target raised by Goldman Sachs (NYSE:GS) to $41.00.
Expedia, Inc. (EXPE) had its price target raised by Jefferies (NYSE:JEF) to $35.00.
KLA-Tencor (KLAC) had its price target lowered by RBC Capital from $47.00 to $39.00. They have a “Sector Perform” rating on the company.
Noble (NBL) (GT) (TER) (HOT) (KLAC) (MET) EPS Estimates Changed
Noble Energy (NYSE: NBL), Goodyear (NYSE: GT), Teradyne, Inc. (NYSE: TER), Starwood Hotels (NYSE: HOT), KLA-Tencor (NASDAQ: KLAC) and MetLife, Inc. (NYSE: MET) EPS estimates adjusted by analysts.
UBS AG (NYSE:UBS) lowered its EPS estimates on Teradyne, Inc. (TER). They have a “Neutral” rating and a price target of $16.00 on the company.
Citigroup (NYSE:C) boosted its EPS estimates on Goodyear (GT). They have a “Buy” rating and a price target of $22.00 on the company.
UBS AG cut its EPS estimates on Starwood Hotels (HOT). They have a “Buy” rating and a price target of $70.00 on the company. They cited valuation as the catalyst behind the call.
UBS AG slashed its EPS estimates on KLA-Tencor (KLAC). They have a “Buy” rating and a price target of $49.50 on the company.
UBS AG raised its EPS estimates on MetLife, Inc. (MET). They have a “Buy” rating and a price target of $60.00 on the company.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Noble Energy (NBL). They have a “Buy” rating and a price target of $126.00 on the company.
UBS AG (NYSE:UBS) lowered its EPS estimates on Teradyne, Inc. (TER). They have a “Neutral” rating and a price target of $16.00 on the company.
Citigroup (NYSE:C) boosted its EPS estimates on Goodyear (GT). They have a “Buy” rating and a price target of $22.00 on the company.
UBS AG cut its EPS estimates on Starwood Hotels (HOT). They have a “Buy” rating and a price target of $70.00 on the company. They cited valuation as the catalyst behind the call.
UBS AG slashed its EPS estimates on KLA-Tencor (KLAC). They have a “Buy” rating and a price target of $49.50 on the company.
UBS AG raised its EPS estimates on MetLife, Inc. (MET). They have a “Buy” rating and a price target of $60.00 on the company.
Goldman Sachs (NYSE:GS) raised its EPS estimates on Noble Energy (NBL). They have a “Buy” rating and a price target of $126.00 on the company.
Thursday, May 19, 2011
Ratings Cuts on Intel (INTC) (KLAC) (AMAT)
The overall semiconductor sector is taking a big hit today, led by the downgrade by Goldman Sachs (NYSE:GS) of Intel Corp. (NASDAQ:INTC), and followed up with rating cuts on Applied Materials (NASDAQ:AMAT) and KLA Tencor (NASDAQ:KLAC).
Interestingly, Lam Research (NASDAQ:LRCX) had its rating boosted by Goldman.
Goldman analyst James Covello asserts that processor shipments will drop in 2011, affecting the outlook of Intel. He sees higher inventory which he identifies from cuts in orders at processor packaging companies.
Covello also see much higher input costs than the Street in general is taking into account. Consensus is at about 5 percent while Covello isse 15 percent being a more realistic number.
Citing 2005 as a model, Covello noted that when capex was up then, the following year selling prices dropped by 11 percent. He believes that will probably happen again in 2012 after heavy spending by Intel.
As for Intel's tablet challenge, he said this:
"Our estimate that Apple has a $60 to $70 cost of materials advantage over competitors given its scale in purchasing commodities such as NAND flash, and Apple’s large installed base of users of its apps store and iTunes, which in conjunction with its cost advantage allows Apple to price tablets aggressively and monetize the device through content sales."
In other words, Apple will own tablets for some time.
For makers of chip equipment, they are expected to slow down in order over the next year-and-a-half. Covello has an overall "Cautious" on the sector after downgrading it to a "Neutral" in the early part of 2011.
He concluded that “the cost to build more wafers is irrelevant for wafers that are not built because customers already have too much capacity.”
Covello lowered his rating on Applied Materials from "Buy" to "Neutral," and for KLAC from "Neutral" to "Sell."
His reason for upgrading Lam from a "Neutral" to "Buy" was because it receives 85 percent of its business from memory chip foundries at any time, which is projected to rise 10 percent over the next year. Lam also doesn't have as much exposure to Intel as Applied and KLA has.
Intel was trading at $23.46, falling $0.42, or 1.76 percent, as of 1:38 PM EDT. Applied Materials was at $14.27, down $0.23, or 1.59 percent. KLA-Tencor Corporation was trading at $41.08, dropping $1.75, or 4.09 percent. Lam Research was at $46.66, down $0.52, or 1.10 percent.
Interestingly, Lam Research (NASDAQ:LRCX) had its rating boosted by Goldman.
Goldman analyst James Covello asserts that processor shipments will drop in 2011, affecting the outlook of Intel. He sees higher inventory which he identifies from cuts in orders at processor packaging companies.
Covello also see much higher input costs than the Street in general is taking into account. Consensus is at about 5 percent while Covello isse 15 percent being a more realistic number.
Citing 2005 as a model, Covello noted that when capex was up then, the following year selling prices dropped by 11 percent. He believes that will probably happen again in 2012 after heavy spending by Intel.
As for Intel's tablet challenge, he said this:
"Our estimate that Apple has a $60 to $70 cost of materials advantage over competitors given its scale in purchasing commodities such as NAND flash, and Apple’s large installed base of users of its apps store and iTunes, which in conjunction with its cost advantage allows Apple to price tablets aggressively and monetize the device through content sales."
In other words, Apple will own tablets for some time.
For makers of chip equipment, they are expected to slow down in order over the next year-and-a-half. Covello has an overall "Cautious" on the sector after downgrading it to a "Neutral" in the early part of 2011.
He concluded that “the cost to build more wafers is irrelevant for wafers that are not built because customers already have too much capacity.”
Covello lowered his rating on Applied Materials from "Buy" to "Neutral," and for KLAC from "Neutral" to "Sell."
His reason for upgrading Lam from a "Neutral" to "Buy" was because it receives 85 percent of its business from memory chip foundries at any time, which is projected to rise 10 percent over the next year. Lam also doesn't have as much exposure to Intel as Applied and KLA has.
Intel was trading at $23.46, falling $0.42, or 1.76 percent, as of 1:38 PM EDT. Applied Materials was at $14.27, down $0.23, or 1.59 percent. KLA-Tencor Corporation was trading at $41.08, dropping $1.75, or 4.09 percent. Lam Research was at $46.66, down $0.52, or 1.10 percent.
Ratings on (CTRN) (INTC) (KLAC) (MRNAD) (NETL) Downgraded
Ratings on shares of Citi Trends Inc. (NASDAQ: CTRN), Intel (NASDAQ: INTC), KLA-Tencor (NASDAQ: KLAC), Marina Biotech, Inc. (NASDAQ: MRNAD) and NetLogic Microsystems, Inc. (NASDAQ: NETL) were downgraded by analysts.
Citigroup (NYSE:C) downgraded Citi Trends Inc. (CTRN) from a “buy” rating to a “neutral” rating.
Goldman Sachs (NYSE:GS) downgraded Intel (INTC) from a “neutral” rating to a “neutral” rating.
Goldman Sachs downgraded KLA-Tencor (KLAC) from a “neutral” rating to a “sell” rating.
LifeTech Capital downgraded Marina Biotech, Inc. (MRNAD) to a “neutral” rating. They have a price target of $0.30 on the company.
Morgan Stanley (NYSE:MS) downgraded NetLogic Microsystems, Inc. (NETL) from an “equal weight” rating to an “underweight” rating. They have a price target of $32.00 on the company.
Citigroup (NYSE:C) downgraded Citi Trends Inc. (CTRN) from a “buy” rating to a “neutral” rating.
Goldman Sachs (NYSE:GS) downgraded Intel (INTC) from a “neutral” rating to a “neutral” rating.
Goldman Sachs downgraded KLA-Tencor (KLAC) from a “neutral” rating to a “sell” rating.
LifeTech Capital downgraded Marina Biotech, Inc. (MRNAD) to a “neutral” rating. They have a price target of $0.30 on the company.
Morgan Stanley (NYSE:MS) downgraded NetLogic Microsystems, Inc. (NETL) from an “equal weight” rating to an “underweight” rating. They have a price target of $32.00 on the company.
Friday, May 6, 2011
Dividends from (HWCC) (KLAC) (KNL) (MCHP) (NBN) Declared
Houston Wire & Cable Company (NASDAQ:HWCC), KLA-Tencor Corp. (NASDAQ:KLAC), Knoll Inc. (NYSE:KNL), Microchip Technology Inc. (NASDAQ:MCHP) and Northeast Bancorp (NASDAQ:NBN) declare dividends.
The Board of Directors of Houston Wire & Cable Company (HWCC) declared a quarterly common stock dividend of $0.09 a share payable 5/27/11 to shareholders of record at the close of business on 5/13/11.
The Board of Directors of KLA-Tencor Corp. (KLAC) declared a cash dividend of $0.25 a share on the company's common stock payable on 6/1/11 to Stockholders of record on 5/16/11.
The Board of Directors of Knoll Inc. (KNL) declared a regular cash dividend of $0.10 a common share. The dividend will be payable on 6/30/11 to common stockholders of record at the close of business on 6/15/11.
The Board of Directors of Microchip Technology Inc. (MCHP) declared a regular cash dividend of $0.346 per common share. The dividend will be payable on 6/2/11 to common stockholders of record at the close of business on 5/19/11.
The Board of Directors of Northeast Bancorp (NBN) declared a regular cash dividend of $0.09 per common share. The dividend will be payable on 5/31/11 to common stockholders of record at the close of business on 5/17/11.
The Board of Directors of Houston Wire & Cable Company (HWCC) declared a quarterly common stock dividend of $0.09 a share payable 5/27/11 to shareholders of record at the close of business on 5/13/11.
The Board of Directors of KLA-Tencor Corp. (KLAC) declared a cash dividend of $0.25 a share on the company's common stock payable on 6/1/11 to Stockholders of record on 5/16/11.
The Board of Directors of Knoll Inc. (KNL) declared a regular cash dividend of $0.10 a common share. The dividend will be payable on 6/30/11 to common stockholders of record at the close of business on 6/15/11.
The Board of Directors of Microchip Technology Inc. (MCHP) declared a regular cash dividend of $0.346 per common share. The dividend will be payable on 6/2/11 to common stockholders of record at the close of business on 5/19/11.
The Board of Directors of Northeast Bancorp (NBN) declared a regular cash dividend of $0.09 per common share. The dividend will be payable on 5/31/11 to common stockholders of record at the close of business on 5/17/11.
Monday, May 2, 2011
Dividend Yields for (MCHP) (INTC) (LLTC) (KLAC) (ADI)
Indicated dividend yields for Standard & Poor's 500 Index companies Microchip Technology Inc (MCHP), Intel Corp (INTC), Linear Technology Corp (LLTC), KLA-Tencor Corp (KLAC) and Analog Devices Inc (ADI).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Microchip Technology Inc (MCHP) has a dividend yield of 3.36 percent on a declared dividend of $0.34. The payout ratio is 126.7 percent.
Intel Corp (INTC) has a dividend yield of 3.13 percent on a declared dividend of $0.18. The payout ratio is 27.5.
Linear Technology Corp (LLTC) has a dividend yield of 2.76 percent on a declared dividend of $0.24. The payout ratio is 39.2 percent.
KLA-Tencor Corp (KLAC) has a dividend yield of 2.28 percent on a declared dividend of $0.25. The payout ratio is 20.0 percent.
Analog Devices Inc (ADI) has a dividend yield of 2.18 percent on a declared dividend of $0.22. The payout ratio is 30.5 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Microchip Technology Inc (MCHP) has a dividend yield of 3.36 percent on a declared dividend of $0.34. The payout ratio is 126.7 percent.
Intel Corp (INTC) has a dividend yield of 3.13 percent on a declared dividend of $0.18. The payout ratio is 27.5.
Linear Technology Corp (LLTC) has a dividend yield of 2.76 percent on a declared dividend of $0.24. The payout ratio is 39.2 percent.
KLA-Tencor Corp (KLAC) has a dividend yield of 2.28 percent on a declared dividend of $0.25. The payout ratio is 20.0 percent.
Analog Devices Inc (ADI) has a dividend yield of 2.18 percent on a declared dividend of $0.22. The payout ratio is 30.5 percent.
Tuesday, April 12, 2011
Cisco (CSCO) (NVDA) (NVLS) Down on S&P Cuts
The S&P’s Equity Strategy Group downgraded the overall tech sector from "Overweight" to "Market Weight," pushing down the share price of tech companies like Cisco Systems Inc. (NASDAQ:CSCO), NVIDIA Corporation (NASDAQ:NVDA) and Novellus Systems Inc. (NASDAQ:NVLS).
The Nasdaq Composite Index (COMP) fell 0.3% to close at 2,771.5 as S&P said the tech sector “has recently begun exhibiting more lackluster relative performance as the global economic cycle matures.”
S&P added that “the surging popularity of tablets risks further cannibalizing the important PC market, making market outperformance less likely, in our view.”
Also under pressure were KLA-Tencor Corp. (KLAC) and FormFactor Inc. (FORM).
Novellus closed Monday at $34.06, falling $0.81, or 2.32 percent. NVIDIA closed at $17.32, dropping $0.23, or 1.31 percent. Cisco ended the day at $17.47, losing $0.18, or 1.02 percent.
The Nasdaq Composite Index (COMP) fell 0.3% to close at 2,771.5 as S&P said the tech sector “has recently begun exhibiting more lackluster relative performance as the global economic cycle matures.”
S&P added that “the surging popularity of tablets risks further cannibalizing the important PC market, making market outperformance less likely, in our view.”
Also under pressure were KLA-Tencor Corp. (KLAC) and FormFactor Inc. (FORM).
Novellus closed Monday at $34.06, falling $0.81, or 2.32 percent. NVIDIA closed at $17.32, dropping $0.23, or 1.31 percent. Cisco ended the day at $17.47, losing $0.18, or 1.02 percent.
Thursday, April 7, 2011
Earthquake Rattles (LRCX) (KLAC) (AMAT) (VSEA)
Shares of Lam Research Corp. (LRCX), KLA-Tencor Corp. (KLAC), Applied Materials Inc. (AMAT), and Varian Semiconductor Equipment Associates Inc. (VSEA) are all under heavy pressure today from the effects of the response to another earthquake in Japan.
This time it was a magnitude-7.4 earthquake, which also had a tsunami warning included with it. It was in the area that experienced the carnage from the 8.9 earthquake on March 11.
The broader market and other tech companies did reverse direction on the day after the news came out that there was another earthquake, dropping, while others somewhat shrugged off the news.
Varian Semiconductor Equipment Associates Inc. was trading at $46.88, falling $1.91, or 3.91 percent, as of 12:42 PM EDT. Applied Materials Inc. was trading at $15.52, down $0.23, or 1.46 percent. KLA-Tencor Corp. was at $44.49, dropping $1.68, or 3.64 percent. Lam Research Corp. was at $53.95, down $2.37, or 4.21 percent.
This time it was a magnitude-7.4 earthquake, which also had a tsunami warning included with it. It was in the area that experienced the carnage from the 8.9 earthquake on March 11.
The broader market and other tech companies did reverse direction on the day after the news came out that there was another earthquake, dropping, while others somewhat shrugged off the news.
Varian Semiconductor Equipment Associates Inc. was trading at $46.88, falling $1.91, or 3.91 percent, as of 12:42 PM EDT. Applied Materials Inc. was trading at $15.52, down $0.23, or 1.46 percent. KLA-Tencor Corp. was at $44.49, dropping $1.68, or 3.64 percent. Lam Research Corp. was at $53.95, down $2.37, or 4.21 percent.
Monday, January 31, 2011
ASML (Nasdaq:ASML), Varian (Nasdaq:VSEA), Teradyne (NYSE:TER) Have More Upside than KLA-Tencor (NASDAQ:KLAC) Says Barclays
KLA-Tencor (NASDAQ:KLAC) had a decent quarter, according to Barclays, and should do fairly well in 2011, although GMs could remain under pressure. They like ASML (Nasdaq:ASML), Varian (Nasdaq:VSEA) and Teradyne (NYSE:TER) better in the sector.
Barclays says, "Overall, this was a good quarter for KLAC, notwithstanding a less favorable mix, which weighed on GMs. Looking ahead, we think that the favorable foundry and logic capex mix should help KLAC achieve a $3B+ run rate quite easily, though the metrology and reticle inspection intensive nature of foundry spend might keep a lid on GMs. To this end, we raise our CY11 revenue/EPS to $3.24B/$4.80 (cons $2.8B/$3.93) and introduce CY12 at $3.25B/$4.90 (cons $2.8B/$3.91)...Given our positive view on the cycle, the shares should work - however, at this point, we see greater upside for our favorites, in particular, ASML Inc (ASML), Varian Semi (VSEA) and Teradyne (TER)."
Barclays maintains an 'Equalweight' on KLA-Tencor (KLAC), which closed Friday at $43.69, down $0.99, or 2.22 percent. Barclays raised their price target on KLA from $50 to $53.
Barclays says, "Overall, this was a good quarter for KLAC, notwithstanding a less favorable mix, which weighed on GMs. Looking ahead, we think that the favorable foundry and logic capex mix should help KLAC achieve a $3B+ run rate quite easily, though the metrology and reticle inspection intensive nature of foundry spend might keep a lid on GMs. To this end, we raise our CY11 revenue/EPS to $3.24B/$4.80 (cons $2.8B/$3.93) and introduce CY12 at $3.25B/$4.90 (cons $2.8B/$3.91)...Given our positive view on the cycle, the shares should work - however, at this point, we see greater upside for our favorites, in particular, ASML Inc (ASML), Varian Semi (VSEA) and Teradyne (TER)."
Barclays maintains an 'Equalweight' on KLA-Tencor (KLAC), which closed Friday at $43.69, down $0.99, or 2.22 percent. Barclays raised their price target on KLA from $50 to $53.
Subscribe to:
Posts (Atom)