Semiconductor Equipment

Jefferies & Company has lowered the price target on MEMC Electronic Materials (NYSE: WFR) from $7 to $6 and maintains its Underperform rating.

According to Citi, MEMC Electronics Materials (NYSE: WFR) Buy rating is maintained. Citi said that number-wise, it's hard to argue the cut was more benign than expected as new 2011 EPS guide is now ~$0.55-0.65 when adjusting for benefit from the STP settlement – a number lower than most previews...

J.P. Morgan is out with its report today on MEMC Electronic Materials (NYSE: WFR), lowering its PT from $9 to $7.25. In its report, J.P. Morgan writes, "We note that currently WFR trades at a P/E of 20.7x vs. the alternative energy group average of 12.9x. Our new December 2011 price target of $7....

Morgan Stanley has lowered the price target on MEMC Electronic Materials (NYSE: WFR) from $13.50 to $12.50 and maintains its Equal-weight rating.

JP Morgan has lowered the price target on MEMC Electronic Materials (NYSE: WFR) from $9 to $7.25 and maintains its Underweight rating.

MEMC Electronic Materials, Inc. (NYSE: WFR) and its solar energy subsidiary, SunEdison, today announced a definitive agreement to acquire privately-held Fotowatio Renewable Ventures, Inc., the 100% owned U.S. subsidiary of Fotowatio Renewable Ventures. At closing, MEMC will pay $112 million, plus...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Monday's trading session (listed from highest total volume to...

VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) broke its two-day losing streak on Tuesday. It spiked 13.98%, and closed at $22.09. Direxion Small Cap Bear 3X Shares (ETF) (NYSE: TZA) traded 9.80% higher as the Russell 2000 Index struggled. TZA closed at $41.90, and it had a volume of 22....

Shares of Varian Semiconductor (NASDAQ: VSEA) are lower on the session by 0.05%, trading at $60.90. Overall call volume is now running at 2.80x the daily average, with 1% of all calls traded being purchases on the offer. 1,681 contracts have traded on the session so far. Varian Semiconductor...

Archer Daniels Midland Co (NYSE: ADM) reported a decline in its fiscal fourth-quarter profit. Archer Daniels Midland reported its quarterly profit at $381 million, or $0.58 per share, down from $446 million, or $0.69 per share, in the year-earlier period. Analysts were expecting earnings of $0.85...

Bank of America has published a report on MEMC Electronic (NYSE: WFR) lowering the price target from $15.50 to $12.50. In the report, Bank of America wrote, "MEMC reports 2Q11 earnings Wednesday (8/3) AMC. The stock has declined -14% since the end of 2Q11 as the data points and results for solar...

Auriga is out with its report today on MEMC Electronic Materials (NYSE: WFR), maintaining Buy. In its report, Auriga writes, "While operational improvement will steadily gain traction into 2H11 and beyond, we believe MEMC valuation is compelling and cannot be ignored by any long-term investor."...

Advanced Energy Industries (Nasdaq: AEIS) today announced that its board of directors has appointed Garry Rogerson as the Company's new chief executive officer and board member, effective as of August 4, 2011. Dr. Hans Betz, Advanced Energy's chief executive officer since 2005, will continue as an...

Kulicke and Soffa Industries Inc (NASDAQ: KLIC) posted upbeat third quarter results, but issued downbeat fourth-quarter revenue projections. Kulicke and Soffa reported its quarterly earnings at $70.7 million, or $0.95 per share, up from $49.1 million, or $0.65 per share, in the year-ago period....

Bank of America has lowered the price objective on MEMC Electronic (NYSE: WFR) from $15.50 to $12.50 and maintains its Neutral rating.