Tue, Feb. 9, 5:09 PM
- Mattson Technology (NASDAQ:MTSN): Q4 EPS of $0.03 beats by $0.06.
- Revenue of $32M (-41.6% Y/Y) beats by $6.9M.
Dec. 2, 2015, 9:15 AM
Dec. 2, 2015, 9:11 AM
- Chinese P-E firm E-Town Dragon (focuses on chip industry investments) is buying Mattson Technology (NASDAQ:MTSN) for $300M, or $3.80/share, in cash. The price represents a 23% premium to the chip equipment maker's Tuesday close, but is below a 52-week high of $5.10.
- The deal, the latest in a string of Chinese purchases of Western semi assets, is expected to close in Q1 2016, provided shareholders and regulators approve. Mattson is up 17.7% premarket to $3.65.
Oct. 29, 2015, 4:29 PM
- Mattson Technology (NASDAQ:MTSN): Q3 EPS of $0.03 beats by $0.03.
- Revenue of $38.9M (+1.2% Y/Y) beats by $1.94M.
Oct. 28, 2015, 5:35 PM
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Oct. 21, 2015, 11:33 AM
- Up yesterday in response to Intel's flash manufacturing plans, chip equipment makers are higher today after Lam Research (LRCX +5.6%) announced it's buying KLA-Tencor (KLAC +22.5%) for $10.6B, with the goal of creating an industry giant on par with Applied Materials (AMAT +1%).
- In addition to Lam, KLA, and Applied, gainers include ASML (ASML +2.3%), Kulicke & Soffa (KLIC +2.9%), Teradyne (TER +4.6%), Mattson (MTSN +2.6%), and Xcerra (XCRA +2.3%). Ahead of the deal announcement, Tokyo Electron (OTCPK:TOELF) rose 4% in Tokyo, aided by the Intel news and a rally in Japanese equities.
- Lam/KLA assert the deal combines "Lam's best-in-class capabilities in deposition, etch, and clean [equipment] with KLA-Tencor's leadership in inspection and metrology." Gartner estimates Lam and KLA respectively had 9.4% and 6.4% of the 2013 chip equipment market. Applied (competes with both KLA and Lam) had 16.2%, ASML (dominant in lithography) 15.7%, and Tokyo 9.1%.
- Lam is paying the equivalent of $32/share in cash and 0.5 shares (current value of $37) for each KLA share. It plans to finance the deal with $1.9B in cash on hand from both companies, and $3.9B in debt. KLA shareholders can elect to be paid solely in cash, solely in stock, or through a mixture of cash and stock.
- The deal is expected to close in mid-2016. Lam CEO Martin Anstice will run the combined firm.
Jul. 30, 2015, 4:31 PM
- Mattson Technology (NASDAQ:MTSN): Q2 EPS of $0.03 beats by $0.01.
- Revenue of $43.3M (+3.0% Y/Y) misses by $2.13M.
Jul. 16, 2015, 12:40 PM
- Applied Materials (AMAT -3.6%), ASML (ASML -4.9%), Lam Research (LRCX -4.2%), KLA-Tencor (KLAC -4.4%), Ultratech (UTEK -4.8%), Rudolph (RTEC -3.1%), Mattson (MTSN -2.4%), Advantest (ATE -2.6%), Teradyne (TER -0.9%), and Kulicke & Soffa (KLIC -1.2%) are lower (in spite of a 1.1% Nasdaq gain) after Intel cut its capex budget for the third time this year, this time by $1B to $7.7B (+/- $500M). The chip giant spent $10.1B on capex in 2014, and $10.7B-$11B in 2011-2013.
- Also: Intel disclosed it now expects to bring its first 10nm CPUs to market in 2H17, breaking with its historical 2-year manufacturing process upgrade pace and leading some to wonder if Moore's Law is proving harder to maintain. Intel's first 14nm CPUs (based on the Broadwell architecture) arrived last September.
- Separately, TSMC (cut its capex budget in April) provided cautious remarks about global chip demand. The world's biggest foundry expects 3% 2015 chip industry growth and 6%-10% foundry market growth.
- The selloff comes shortly after Applied and Lam provided aggressive 3-year EPS growth targets (I, II) at investor meetings held during the chip industry's Semicon West conference. ASML rallied yesterday following a Q2 beat and positive 2H15 outlook.
Apr. 23, 2015, 4:25 PM
- Mattson Technology (NASDAQ:MTSN): Q1 EPS of $0.08 in-line.
- Revenue of $58.25M (+34.8% Y/Y) beats by $2.52M.
- Shares -1.07%.
Apr. 22, 2015, 5:35 PM
- ACTG, ALGN, ALTR, AMZN, AWAY, BAS, BCR, BGS, BJRI, BLDR, CB, CBI, COF, CPHD, CVTI, CYN, DGII, DV, EFII, ELY, ETFC, ETH, FET, FICO, FII, FR, FSL, GHL, GIMO, GOOG, HA, HBHC, HBI, HUBG, HWAY, JNPR, KLAC, KN, LSTR, MKTO, MMSI, MSCC, MSFT, MTSN, MXIM, MXWL, N, NEM, NTGR, P, PEB, PFG, QDEL, QLIK, RGA, RHI, RMD, RSG, SBAC, SBUX, SFG, SHOR, SIVB, SPNC, SRCL, SWN, SYA, SYNA, TRN, UIS, VCRA, VRSN, WIRE, WRE
Mar. 25, 2015, 12:03 PM
- Chip stocks are particularly hard-hit (SOXX -3.6%) on a rough day for tech. The Nasdaq is down 1.3%, and the S&P 0.7%. Going into today, good earnings reports and ongoing M&A activity had led the Philadelphia Semi Index to rise 10% from its Jan. 30 close; the index remains up nearly 2x from its fall 2012 lows.
- AMD (AMD -7.2%) is a major decliner following a UBS downgrade. AMD rival/GPU giant Nvidia (NVDA -5.2%) and memory giant Micron (MU -3.7%) are also selling off, as are merger partners NXP (NXPI -3.8%) and Freescale (FSL -3.4%), RF chipmakers Avago (AVGO -5.2%), Skyworks (SWKS -5.3%), and Qorvo (QRVO -7.1%), LED/RF chipmaker Cree (CREE -4.1%), and high-flying video processor developer Ambarella (AMBA -4.3%).
- Other decliners include telecom chipmakers/ARM server CPU vendors Cavium (CAVM -4.8%) and AppliedMicro (AMCC -4.4%), microcontroller vendors Atmel (ATML -3.5%), Cypress (CY -5.5%), and STMicroelectronics (STM -3.5%), voice processor developer Audience (ADNC -3.7%), analog/mixed-signal chipmakers Linear (LLTC -3.7%), Maxim (MXIM -3%), and Intersil (ISIL -3.5%), FPGA maker Lattice (LSCC -3.9%), and mixed-signal/wireless charging IC developer IDT (IDTI -5.4%).
- Chip equipment, IP, and foundry providers are also underperforming. Big decliners include ARM (ARMH -4.4%), KLA-Tencor (KLAC -4.2%), Lam Research (LRCX -5.4%), ASML (ASML -4.1%), TowerJazz (TSEM -4.3%), Mattson (MTSN -4.5%), Ultratech (UTEK -4.7%), and Tessera (TSRA -6.1%). ASML has been downgraded to Hold by Banco Santander.
- TSMC (TSM -4.6%) is among the decliners in spite of a Digitimes report stating the foundry giant's sales are expected to rise 0%-5% Q/Q in Q2 - consensus is for a 2% drop - with strong Apple A8 CPU orders offsetting soft Qualcomm Snapdragon 810 orders.
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Mar. 18, 2015, 12:45 PM
Mar. 18, 2015, 11:16 AM
- JPMorgan reports Samsung is slowing down the pace of its DRAM capacity ramp. The firm reiterates an Overweight rating and $40 target on Micron (MU +0.8%), whose shares have been hit more than once by Samsung spending fears.
- While Micron edges higher, chip equipment maker Lam Research (LRCX -4.3%), which has considerable DRAM exposure, is selling off. Mattson (MTSN -11.8%), Aixtron (AIXG -1.9%), and Axcelis (ACLS -1.1%), other equipment makers that have DRAM exposure, are also lower. Mattson dived around 11AM after initially posting moderate losses.
- Lam, a David Einhorn favorite, offered upbeat commentary about 2015 DRAM capex on its FQ2 CC (transcript), and noted 30% industry bit growth is expected this year.
- Also: 1) Drexel Hamilton has made upbeat comments about DRAM demand after talking with an unnamed Asian memory maker; the firm expects mobile DRAM demand to restore a supply/demand balance later this year. 2) Jefferies (Buy) has cut its Micron target by $5 to $40, predicting Q1 DRAM pricing weakness will continue into Q2 due soft PC demand, before smartphone demand and "corrective actions on the supply side" lead prices to stabilize.
- Yesterday: Micron drops on RBC target cut
Feb. 13, 2015, 9:15 AM| Feb. 13, 2015, 9:15 AM | 3 Comments
Feb. 12, 2015, 5:36 PM
Feb. 12, 2015, 4:26 PM
- Mattson Technology (NASDAQ:MTSN): Q4 EPS of $0.07 beats by $0.03.
- Revenue of $54.7M (+34.1% Y/Y) beats by $5.37M.
- Shares +5.2%.