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  • 09/18/2017 06:45:41

    Applied Materials' stock rallies after RBC raises rating, price target

    Shares of Applied Materials Inc. rallied 1.4% in premarket trade Monday, after the chip equipment company was upgraded at RBC Capital, which was upbeat about the company's wafer front end (WFE) business. Analyst Amit Daryanani raised the rating to outperform from sector perform and boosted the price target to $55 from $48. Daryanani said that with about 34% of revenue coming from display and services, Applied Materials is better positioned to deal with WFE cyclicality compared with its peers. "While we understand cyclical concerns, we think current WFE levels are sustainable for a longer time frame" given a material shift in capital intensity, which should allow the company to guide fiscal 2020 earnings per share to above $4.00 at the analyst day scheduled for Sept. 27. The stock has run up 9.4% over the past three months through Friday, while the PHLX Semiconductor Index has climbed 7.4% and the S&P 500 has gained 2.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/15/2017 09:01:26

    Semiconductor stocks rise, on track for best week since July

    Semiconductor stocks rallied on Friday, with the sector climbing in its fifth straight daily advance and on track for its best week since July. The iShares PHLX Semiconductor ETF added 1.7% to $155.50, putting it on track for a record close and within points of an intraday record hit in June. Thus far this year, the fund is up nearly 27%, with 4.6% of that coming this week. Among the fund's components, all but one were in positive territory on Friday, with Nvidia Corp. the biggest percentage gainer, up 5.2% after Evercore ISI raised its price target on the company to $250 from $180. Among others, ON Semiconductor Corp rose 3.1% while Advanced Micro Devices was up 2.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/14/2017 00:21:59

    UPDATE 6-Trump bars Chinese-backed firm from buying U.S. chipmaker Lattice

    Sept 13 (Reuters) - U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications. Canyon Bridge Capital Partners' planned $1.3 billion acquisition of Lattice Semiconductor Corp was one of the largest attempted by a Chinese-backed firm in the U.S. microchip sector and was the first announced deal fo

  • 09/13/2017 14:40:26

    UPDATE 2-Trump bars Chinese firm from buying U.S. chipmaker Lattice

    Sept 13 (Reuters) - U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S. chipmaker on Wednesday, sending a clear signal to Beijing that Washington will oppose deals that involve technologies with potential military applications. Canyon Bridge Capital Partners’ planned $1.3-billion acquisition of Lattice Semiconductor Corp was one of the largest attempted by a Chinese-backed firm in the U.S. chip sector and was the first announced deal for the Palo Alto-base

  • 09/13/2017 14:19:18

    CFIUS blocks sale of Lattice Semiconductor to Canyon Bridge Fund

    The Committee on Foreign Investment in the United States blocked the sale of Lattice Semiconductor to a group of Chinese investment funds. Canyon Bridge had agreed to buy Lattice for $1.3 billion. "The national security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government's role in supporting this transaction, the importance of semiconductor supply chain integrity to the U.S. government, and the use of Lattice products by the U.S. government," the statement says. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/05/2017 11:06:13

    Chip maker stocks drop sharply, drag on broader tech sector

    Semiconductor makers weighed heavily on the tech sector Monday, which in turn helped drag down the broader stock market, with those losses accelerating around mid-session. The PHLX Semiconductor Index fell 2.1% to 1,096, as shares of Qualcomm Inc. fell 3.9% and shares of Nvidia Corp. dropped 3.5%. Advanced Micro Devices Inc. shares declined 3.6%, Micron Technology Inc. shares shed 2.7%, Applied Materials Inc. fell 2.5%, Analog Devices Inc. shares fell 2.7%, Xilinx Inc. shares declined 2.6%, Broadcom Ltd. shares slid 2.1%, and Texas Instruments Inc. shares fell 1.5%. Shares of Intel Corp. , however, were only down 0.4%. As the S&P 500 index fell 1.2%, tech was the index's second worst performing sector, down 1.6%. The tech-heavy Nasdaq Composite Index fell 1.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 16:04:00

    Applied Materials beats profit estimates, shares rise

    (Reuters) - Applied Materials Inc , the world's largest supplier of tools used to make semiconductors, reported a better-than-expected quarterly profit helped by strong growth in its semiconductor and display businesses.

  • 08/17/2017 14:07:23

    Applied Materials quarterly profit jumps 83.2 pct

    Aug 17 (Reuters) - Applied Materials Inc, the world's largest supplier of tools used to make semiconductors, reported an 83.2 percent rise in quarterly profit, helped by strength in its display and semiconductor businesses.

  • 08/10/2017 11:43:09

    Nvidia stock options imply a bigger-than-average move after earnings

    Nvidia Corp. option traders appear to be expecting some fireworks in the stock after the graphics chip maker reports second-quarter results after Thursday's closing bell. An options strategy known as a straddle, which involves the simultaneous buying of bullish and bearish options expiring Friday at strike prices near current prices, is implying a one-day post earnings move of about 11% in either direction, according to an analysis of data provided by FactSet. That's well above the average post-earnings move of 7.8% after the past 20 quarterly reports; the median move was 6.3%. During that time, the average move during up days has been 10.5% while the average move on down days was 2.8%. The implied move is more in line with the average of 12%, and the median of 10.5%, over the past 10 quarters. The stock, which closed at a record $172.35 on Monday, slumped 2.7% in afternoon trade ahead of the results. It has rocketed 38% the past three months, while the PHLX Semiconductor Index has edged up 2.9% and the S&P 500 has gained 2.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/08/2017 11:37:08

    On Semiconductor (ON) Lags on Q2 Earnings, Tops Revenues

    ON Semiconductor Corporation ON second quarter 2017 earnings of 26 cents per share missed the Zacks Consensus Estimate of 33 cents On a GAAP basis the company reported earnings of 22 cents per share much higher than earnings of 6 cents reported in the year ago quarter Moreover ON

  • 07/27/2017 12:06:03

    Semiconductor stocks tumble, weighing on the tech sector

    Shares of semiconductor stocks plunged on heavy volume on Thursday, weighing on the technology sector, which in turn pressured the broader market lower. The iShares PHLX Semiconductor ETF fell 2.1%, a drop that was more than twice as severe as the 0.8% decline in the Technology Select Sector SPDR ETF . Among the biggest decliners in the group, Advanced Micro Devices Inc. fell 5% on the day while Nvidia Corp. was off 4%. Applied Materials Inc. sank 3.6%. Teradyne Inc. was the biggest loser of the group, dropping 9.9% on the day on volume of more than 6.5 million shares, more than twice its 30-day average. Bucking the trend was Intel Corp , one of the bellwethers of the sector, which was flat on the day. The Dow component is scheduled to report its quarterly results after the market closes. Semiconductors have been strong performers throughout the year, having gained more than 20% thus far in 2017, eclipsing the 18.3% rise of the overall tech sector.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/14/2017 08:29:32

    AMD's stock bounces; options traders prep for volatile post-earnings move

    Shares of Advanced Micro Devices Inc. rallied 1.5% in active Friday morning trade, as it bounced after the previous session's 5.3% tumble. MKM Partners derivatives strategist Jim Strugger said in a note to clients that AMD was among the S&P 500 stocks with the largest implied one-day post-earnings moves, and more than the historical average. The options market is pricing the stock to move 11.7% in either direction the day after second-quarter results are released, compared with a historical average of 10.4%. AMD is scheduled to report results on July 25, after the closing bell. AMD's stock has been rather volatile of late, without making much progress. The average one-day move for the stock over the past five months has been 2.8%, while the stock has gained 3.5%. In comparison, the PHLX Semiconductor Index has rallied 14% the past five months and the S&P 500 has gained 4.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/13/2017 13:35:17

    AMD's stock reverses sharply lower on heavy volume, as ethereum prices extend selloff

    Shares of Advanced Micro Devices erased earlier gains to turn sharply lower in active trade Thursday, bucking the gains in the broader tech sector. What may be weighing on the chip maker, the price of cryptocurrency ethereum was plunging 10% from Thursday's close, and has plummeted 35% so far this month. AMD's graphics chips are the "gold standard" for mining ethereum, according to RBC Capital analyst Mitch Steves, and rocketing ethereum prices through mid June had propelled AMD shares sharply higher this year. On Thursday, with ethereum prices rising early in the session before sinking, AMD's stock was up as much as 1.4% within the first few minutes after the open, then declined steadily to be down as much as 6.0% in afternoon trade, before paring some losses. It was recently down 4.6% at $13.64. Volume reached 100 million shares about 30 minutes before the close, enough to make the stock the most actively traded on the major U.S. exchanges. AMD's stock has now climbed 20.3% year to date, while rival Nvidia Corp. shares has shot up 50.5%, the PHLX Semiconductor Index has rallied 20.4% and the S&P 500 has gained 9.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/11/2017 14:49:43

    Cohu rallies on strong revenue growth

    Shares of Cohu Inc. rallied in Tuesday's extended session after the semiconductor equipment company posted unaudited second-quarter results that beat expectations. Cohu reported preliminary second-quarter revenue of $93 million, ahead of its forecast of $86 million and beating an average estimate of $86.2 million projected by analysts in a FactSet survey. The company cited strong demand in the automobile and mobility industries for the strong revenue growth. Cohu is scheduled to release second-quarter earnings on Aug. 2. Shares rose more than 4% after hours. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/07/2017 11:57:46

    Rambus's stock spikes higher in active trade amid reports that a sale is being considered

    Shares of Rambus Inc. spiked higher in active afternoon trade Friday, amid reports that the semiconductor company was exploring a potential sale. The stock was up about 2.8% at around 1:25 p.m. ET, amid a broad rally in the chip sector, then rocketed to a gain of 13.4% in the next minute, prior to a trading halt on volatility. The stock pared some gains after the halt was lifted, to be up 7.2% on volume of 2.3 million shares, which was already nearly 4-times the full-day average. Despite the day's rally, Rambus's stock was down 11.8% year to date, while the PHLX Semiconductor Index has rallied 16.7% and the S&P 500 has gained 8.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/07/2017 09:37:26

    AMD's stock surges to lead S&P 500 gainers in active trade

    Shares of Advanced Micro Devices Inc. surged 3.9% in active midday trade Friday, enough to pace the S&P 500's gainers, amid a broad rally in semiconductor stock. Volume topped 49 million shares within two hours after the open, which is already more than half the full-day average, and enough to make the stock the most actively traded on major U.S. exchanges. The PHLX Semiconductor Index hiked up 1.6%, as the stocks of three other chip companies were among the top S&P 500's gainers: Lam Research Corp.'s ran up 3.1%, Applied Materials Inc.'s climbed 3.0% and Nvidia Corp.'s rallied 2.1%. Morgan Stanley analyst Joseph Moore raised his stock price target for Applied Materials to $52 from $47, and for Lam Research to $168 from $135. Moore said he believes capital spending in chips and display is continuing to improve, and that memory strength is driving an "unprecedented" memory cash flow. AMD's stock has now rallied 19% year to date, while the SOX has rallied 16% and the S&P 500 has gained 8.2%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/30/2017 11:49:43

    AMD's stock slips toward its second 6-session losing streak in June

    Advanced Micro Devices Inc.'s stock slipped 0.2% in afternoon trade Friday, putting it in danger of a sixth-straight loss, amid growing worries over competition in the cryptocurrency market. Although this would mark the second six-session losing streak this month--the other ended on June 16--the stock was still up 12.4% in June. The chip maker's monthly gain was supported by two four-session win streaks, one ending June 8 that added 18%, and another ending June 22 that added 26%. On Friday, RBC Capital analyst Mitch Steves fueled the competition fears, by saying if AMD faced a crytocurrency battle with Nvidia Corp. , "we think Nvidia would win." Nvidia's stock was up 1.0% in June. Meanwhile the PHLX Semiconductor Index has lost 4.8% and the S&P 500 has tacked on 0.6% this month.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/29/2017 10:21:16

    AMD's stock falls toward 5th-straight decline amid broad tech weakness

    Shares of Advanced Micro Devices Inc. slid 3.5% in midday trade Thursday, on track for a fifth-straight loss, amid a broad selloff in chip and other technology stocks. AMD's stock has now lost 11% since it last closed up, at a 2 1/2-month high of $14.38 on June 22. On Thursday, the stock shed 1.3% amid growing concerns that upcoming chip offerings from Nvidia Corp. could threaten AMD's dominance in the cryptocurrency market. Nvidia's stock slumped 3.3%. Meanwhile, the PHLX Semiconductor Index shed 2.4% to a six-week low and shares of industry leader Intel Corp. dropped 1.4%. The tech-heavy Nasdaq 100 lost 1.8% and the S&P 500 gave up 0.8%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/28/2017 08:13:22

    AMD's stock falls in active trade; analyst confirms Nvidia to release competitive cryptocurrency GPUs

    Shares of Advanced Micro Devices Inc. dropped 0.9% in active morning trade Wednesday, on track for a fourth-straight loss, amid growing concerns over competition for the chip maker's cryptocurrency-specific graphics cards. Volume was 26.2 million shares, making the stock the most actively traded on the Nasdaq exchange. Analyst Christopher Rolland at Susquehanna Financial said he can confirm recent reports of two GPU offerings from Nvidia Corp. , to be released during the third quarter, that are targeted at the cryptocurrency market. "As these new products are more price competitive, they may pose a risk to AMD's current offerings in the market," Rolland wrote in a note to clients. "New cards may upset AMD's alt-crypto coin dominance." Nvidia's stock rose 0.9% in morning trade. AMD share have rallied 17% year to date, while Nvidia's stock has run up 39%, the PHLX Semiconductor Index has rallied 16% and the S&P 500 has gained 8.7%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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