-
Stock Alert: Novellus Tries To Hold Support
Tuesday, July 12, 2011 - 12:10pm | 97Novellus Systems, Inc. (NASDAQ: NVLS) is getting smacked today on the back of a poor outlook. The stock is trading at $31.90, -3.88 (-10.83%). This area is interesting for one main reason. On the daily chart, it is a key support level. The big question is, will it hold? Watch for this level to...
-
Market Roundup
Tuesday, July 12, 2011 - 10:41am | 244Shares of Infosys Ltd (NASDAQ: INFY) dropped about 4.5% after the company posted around 16% rise in its Q1 consolidated net profit. INFY's net profit came in at INR17.22 billion, versus INR14.88 billion, in the year-earlier period. Its consolidated revenue surged about 21% y/y to INR74.85 billion...
-
Options Brief: Cabot Microelectronics
Tuesday, July 12, 2011 - 10:40am | 85Shares of Cabot Microelectronics (NASDAQ: CCMP) are lower on the session by 1.67%, trading at $44.24. Overall put volume is now running at 13.44x the daily average, with 6% of all puts traded being purchases on the offer. 2,124 contracts have traded on the session so far. Cabot Microelectronics...
-
Semiconductor Equipment Meltdown
Tuesday, July 12, 2011 - 10:21am | 217All of the semiconductor equipment makers are under sharp selling pressure this morning. Novellus Systems Inc.(NASDAQ: NVLS) reported earnings last night and the stock is not being well received by the markets. The company reported better than expected earnings but the outlook was very weak. The...
-
Options Brief: Teradyne
Tuesday, July 12, 2011 - 10:15am | 89Shares of Teradyne (NYSE: TER) are lower on the session by 5.06%, trading at $13.69. Overall call volume is now running at 3.39x the daily average, with 29% of all calls traded being purchases on the offer. 1,688 contracts have traded on the session so far. Teradyne, Inc. is a global supplier of...
-
Did Microchip Technology Kill Any Chance Of A Tech Rally?
Tuesday, July 12, 2011 - 10:12am | 843Microchip Technology Inc. (NASDAQ: MCHP) shares are getting crushed this morning, down more than 12% after the semiconductor company cut its revenue guidance last night. The company said it expects first quarter sales to be down 1.5%, as opposed to its prior view of up 1%-6%. It also cut earnings...
-
Morgan Stanley Maintains Equal-Weight on Novellus Systems
Tuesday, July 12, 2011 - 9:52am | 143Morgan Stanley is out with its report today on Novellus Systems (NASDAQ: NVLS), maintaining Equal-weight. In a note to clients, Morgan Stanley writes, "NVLS reported rev/EPS and shipments results consistent with mid-quarter guidance; bookings of $312 mn (down 25%) were towards the lower end of...
-
Market Update
Tuesday, July 12, 2011 - 9:37am | 147Shares of Fastenal Co (NASDAQ: FAST) fell about 1.8% after the company reported its Q2 profit at $94.1 million, or $0.32 per share, up from $69.2 million, or $0.23 per share, in the year-ago period. The company's revenue surged to $701.7 million, from $571.2 million. Shares of ReneSola Ltd (NYSE:...
-
UPDATE: Credit Suisse Lowering Price Target On Novellus Systems
Tuesday, July 12, 2011 - 9:12am | 204Credit Suisse is lowering its price target on shares of Novellus Systems (NASDAQ: NVLS) to $40 from $44, but it still has an Outperform rating on shares after it reported earnings. In a note to clients, Credit Suisse writes, "Consistent with our preview two weeks ago, foundry weakness is driving a...
-
CVD Equipment 1st Half Orders Reach All-Time High of $24.6M
Tuesday, July 12, 2011 - 9:02am | 174CVD Equipment Corporation (Nasdaq: CVV) announced record orders of approximately $24.6M for the six (6) months ended June 30, 2011, an increase of 165% compared to $9.3M for the 6 months ended June 30, 2010. Orders continue to be booked at high levels, as the Company received approximately $8.4 of...
-
Last Night's Noteables July 12
Tuesday, July 12, 2011 - 8:51am | 303Upgrades Downgrades Intuitive Surgical, Inc. (ISRG) recent weakness a buying opportunity, says Madison Williams Annaly Capital Management (NLY) Leads Pre-Market Volume - Prices 120 Mln Share Offering at $17.70 Per Share Novellus Systems, Inc. (NVLS) Little light on revs, little better eps 350 vs...
-
KLA-Tencor Increases Quarterly Dividend Level To $0.35 Per Share From $0.25 Per Share
Tuesday, July 12, 2011 - 8:32am | 154KLA-Tencor Corporation (NASDAQ: KLAC) today announced that its board of directors has authorized an increase in the level of the company's quarterly dividend from $0.25 to $0.35 per share. This increase is expected to take effect beginning with KLA-Tencor's quarterly dividend to be declared in...
-
Citi Reiterates Hold and PT of $40 on Novellus Systems
Tuesday, July 12, 2011 - 7:58am | 58Citi reiterated its Hold rating on Novellus Systems (NASDAQ: NVLS). At the same time, the rating agency left its price target on the company's stock unchanged at $40. On Monday, NVLS lost 0.56% of its value to finish the day at $35.77. Its shares continued to slide in today's pre-market trading,...
-
Bank Of America Lowers PT On NVLS
Tuesday, July 12, 2011 - 7:53am | 140Bank of America is lowering its price target from $42 to $39 but still maintains its Buy rating on Novellus Systems (NASDAQ: NVLS), citing foundry concerns. In the report, Bank of America writes, “NVLS guided Sep (3Q) orders flat to down 20%, after a Q/Q dip of 25% in June. The weak outlook was...
-
J.P. Morgan Lowers Price Target On Applied Materials To $12
Tuesday, July 12, 2011 - 7:37am | 100According to J.P. Morgan, Applied Materials (NASDAQ: AMAT) price target is lowered to $12 from $13. J.P. Morgan said that Novellus, a competitor of Applied Materials, reported C2Q11 results. “Bookings declined 25% QoQ and was at the lower end of the guidance range of down 10 to 25%. With Tokyo...