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Axiom Capital Downgrades Amtech Systems To Sell, $8 PT
Friday, August 12, 2011 - 4:39am | 26Axiom Capital has downgraded Amtech Systems (NASDAQ: ASYS) from Hold to Sell and has established an $8 price target.
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Wednesday's Green Energy Stocks Trading: Suntech Power, First Solar, Yingli, Clean Wind Energy Tower
Thursday, August 11, 2011 - 10:33am | 829Point Roberts WA - August 11, 2011 (Investorideas.com renewable energy/green newswire) Investorideas.com, a leader in cleantech investor research, reports on trading for renewable energy stocks for 10 th Aug. Solar stocks gave investors notable gains in another extremely volatile and down day of...
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UPDATE: Bank of America Reiterates Neutral on Applied Materials, Reduces PT to $12.50
Wednesday, August 10, 2011 - 7:55am | 57Bank of America reiterated its Neutral rating on Applied Materials (NASDAQ: AMAT). At the same time, the rating agency reduced its price target on the company's stock from $15 to $12.50. On Tuesday, AMAT closed the day at $11.44. Its shares lost 2.19% of their value in today's pre-market trading to...
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Bank of America Lowers PO On Applied Material To $12.50
Wednesday, August 10, 2011 - 5:47am | 28Bank of America has lowered the price objective on Applied Materials (NASDAQ: AMAT) from $15 to $12.50 and maintains its Neutral rating.
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Intraday Gainers; Luminex up Over 25%
Tuesday, August 9, 2011 - 2:08pm | 96Luminex Corporation (NASDAQ: LMNX) +25.49% after reporting upbeat yesterday and having its PT raised by Jefferies and Piper Jaffray Walter Investment Management (NYSE: WAC) +16.41 after reporting its Q2 earnings. Universal Display Corporation (NASDAQ: PANL) +14.04% on upbeat earnings. MEMC...
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Options Brief: Photronics
Tuesday, August 9, 2011 - 1:40pm | 69Shares of Photronics (NASDAQ: PLAB) are lower on the session by 0.91%, trading at $5.43. Overall put volume is now running at 4.52x the daily average, with 83% of all puts traded being purchases on the offer. 1,229 contracts have traded on the session so far. Photronics, Inc. is a manufacturers...
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Earnings Roundup
Tuesday, August 9, 2011 - 8:35am | 1311Dish Network Corp (NASDAQ: DISH) reported a 30% rise in its second-quarter profit. Dish Network's quarterly profit surged to $335 million, or $0.75 per share, from $257 million, or $0.57 per share, in the year-ago period. Its revenue climbed 13% to $3.59 billion. However, analysts were expecting...
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UPDATE: ReneSola Reports Drop In Quarterly Profit, Withdraws Full-Year Forecast
Tuesday, August 9, 2011 - 8:15am | 68ReneSola Ltd (NYSE: SOL) released its quarterly results and withdrew its full-year projections. The company also issued downbeat Q3 revenue projections. For April-June, ReneSola's net profit attributable to common shareholders dipped 95% to $1.8 million, or $0.02 per ADS. Its revenue dropped 2%...
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UPDATE: JP Morgan Reiterates Neutral on Applied Materials, Reduces PT to $11
Tuesday, August 9, 2011 - 6:31am | 61JP Morgan reiterated its Neutral rating on Applied Materials (NASDAQ: AMAT). At the same time, the rating agency reduced its price target on the company's stock from $12 to $11. On Monday, AMAT lost 3.06% of its value to finish the day at $11.09. Its shares continued to slide in today's pre-market...
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JP Morgan Lowers PT On Applied Materials To $11
Tuesday, August 9, 2011 - 5:22am | 27JP Morgan has lowered the price target on Applied Materials (NASDAQ: AMAT) from $12 to $11 and maintains its Neutral rating.
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Class Action Suit Announced Against Varian Semiconductor Equipment Associates
Monday, August 8, 2011 - 7:18pm | 270Robbins Umeda announces that the firm commenced a class action lawsuit on July 21, 2011, in the U.S. District Court for the District of Massachusetts on behalf of all persons who hold shares of common stock of Varian Semiconductor Equipment Associates (NASDAQ: VSEA) against Varian Semiconductors...
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Puts Purchased on Varian Semiconductor
Monday, August 8, 2011 - 12:49pm | 122Shares of Varian Semiconductor (NASDAQ: VSEA) are lower on the session by 8.50%, currently trading at $8.40. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short...
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JP Morgan Comments On AMAT's Pending Acquisition Of VSEA
Monday, August 8, 2011 - 8:32am | 130JP Morgan has published a research report on Applied Materials' (NASDAQ: AMAT) pending acquisition of Varian Semiconductor (NASDAQ: VSEA), which is still pending approval from the US Department of Justice. In the report, JP Morgan writes, "The company remains very positive toward the deal, and we...
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The Week Ahead, AM Noteables August 8th
Monday, August 8, 2011 - 7:43am | 303AM Noteables: Focusing on Upgrades Today's with the big overnight gap down in the SP Futures. Also, minus to plus strength. KLA Tencor Corp (KLAC) 7:50a KLA-Tencor Raised To Overweight From Equalweight By Morgan Stanley >KLAC Wells Fargo (WFC) Raised To Buy From Neutral By Sterne Agee >WFC Jones...
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Morgan Stanley Upgrading KLA-Tencor Corporation
Monday, August 8, 2011 - 7:04am | 96Morgan Stanley is out with a research report on KLA-Tencor Corporation (NASDAQ: KLAC) and is upgrading shares to Overweight with a $50 price target on shares. In a note to clients, Morgan Stanley writes, "We upgrade KLAC to OW from EW, raise FY13 estimates 16% above consensus, and establish a $50...