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Aixtron Aktiengesellschaft (AIXG)

- NASDAQ
  • Feb. 28, 2013, 1:55 PM
    Beaten-down Aixtron (AIXG +10.6%) skies higher after reporting Q4 revenue of €77.5M ($101.4M), soundly above a €66.1M consensus. EPS, hurt by restructuring efforts, came in at -€0.43, well below a -€0.07 consensus. Backlog fell 44% Y/Y to €79.4M and management declined to provide formal guidance, but it also thinks a 2H improvement in LED equipment is possible, and sees "incremental demand" from non-LED semiconductor apps for its MOCVD systems. Rival MOCVD system maker Veeco (VECO +4.1%) is up in sympathy.
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  • Feb. 28, 2013, 12:05 AM
    Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE
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  • Feb. 27, 2013, 5:30 PM
    Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE
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  • Feb. 20, 2013, 4:55 PM
    Rubicon (RBCN) has resumed trading and is down 17.7% in response to the ugly Q1 guidance accompanying its slight Q4 miss. LED equipment makers GTAT and AIXG could trade lower in sympathy, particularly in light of Rubicon's comments about excess inventory at a top LED client and very weak pricing for 2"-4" wafers.
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  • Feb. 19, 2013, 1:36 PM
    LED equipment makers Veeco (VECO -1.8%) and Aixtron (AIXG -5.2%) slump after JPMorgan's Paul Coster lowers Veeco to Neutral. Coster, who's lowering his 2013 EPS forecast, is worried about weak near-term sales for MOCVD reactors from LED makers thanks to overcapacity - Veeco raised the issue on Feb. 8. LED chip/lighting giant Cree (CREE -0.3%) has been downgraded to Perform by Oppenheimer on valuation grounds - shares now trade at 27x FY14E EPS - but is only off slightly.
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  • Feb. 8, 2013, 10:20 AM
    LED/hard drive equipment maker Veeco (VECO -2.1%) slides after reporting its Q4 bookings totaled $92.3M, +10% Q/Q but -37% Y/Y. The company, whose full Q4 results are on hold thanks to an accounting review, added it doesn't "see any clear signs" LED industry overcapacity and weak end-market demand for hard drives will improve in the near-term. Moreover, "competitive pricing pressure" exists in the LED equipment space. AIXG -1.6%.
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  • Jan. 23, 2013, 1:45 PM
    Cree's (CREE +20.2%) big FQ2 beat and strong FQ3 guidance is fueling a rally in LED stocks. SemiLEDs (LEDS +31.7%) is the biggest winner, but Aixtron (AIXG +7.9%), Veeco (VECO +4.6%), and (to a lesser extent) Rubicon (RBCN +1.3%) are also up. Piper has belatedly launched coverage on Cree with an Overweight, and Needham declares the report a validation of the company's vertical integration strategy. Cree noted on its earnings call LED pricing remains tough, but also forecast strong growth for its higher-margin SC3 products.
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  • Jan. 22, 2013, 2:04 PM
    Veeco (VECO +2.8%) trades higher after announcing Chinese LED maker KaiStar has placed an order for the company's TurboDisc manufacturing systems, including Veeco's new/costly MaxBright product. Meanwhile, rival Aixtron (AIXG -4.4%) is having a bad day.
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  • Jan. 15, 2013, 2:35 PM
    Veeco (VECO -3.4%) has a bad day after Piper starts coverage with a Neutral and $27 PT. Shares of the hard-luck LED/solar equipment maker have been range-bound for a while. LED equipment rival Aixtron (AIXG -3.4%) is also lower.
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  • Nov. 26, 2012, 12:40 PM
    The subsidized Chinese LED industry remains a mess: more than 200 firms reportedly suspended production in 1H12, thanks to a plethora of problems that includes tumbling prices, oversupply, and soft European demand (ed: that sounds a lot like another industry), and the vendors' average gross margin is said to have fallen to 15%. LED industry players such as CREE, LEDS, AIXG, RBCN, and GTAT are definitely feeling the ripple effects.
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  • Nov. 7, 2012, 11:09 AM
    Rubicon (RBCN -20.8%) has made multi-year lows after using its Q3 report to guide for Q4 revenue to be flat Q/Q (well below a consensus for a 30% increase), and for EPS to come in at -$0.02 to -$0.05 (below a $0.04 consensus). Rubicon notes prices for 2"-4" LED wafers continues to fall, and that weak industry demand has slowed the adoption of costlier 6" wafers, which are also seeing price pressure. LED equipment suppliers are underperforming. AIXG -3.2%. VECO -2.4%. (PR)
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  • Oct. 22, 2012, 4:49 PM
    More on Veeco's Q3: Bookings fell another 18% Q/Q to $84M, with major drops in orders for both LED/solar and (especially) hard drive manufacturing gear. Book-to-bill was a mere 0.66. Veeco expects Q4 revenue of $100M-$115M and EPS of $0.04-$0.16, well below a consensus of $132.3M and $0.34. VECO -7.3% AH. Rival AIXG -0.9%. GTAT, IVAC, and XRTX also bear watching. CC at 5PM ET (webcast). (PR)
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  • Oct. 17, 2012, 10:48 AM
    Several LED industry stocks jump in response to Cree's (CREE +12.3%) FQ1 results and FQ2 guidance: winners include Rubicon (RBCN +3.4%), SemiLEDs (LEDS +7.2%), Aixtron (AIXG +3.4%), and GT Advanced (GTAT +2%). Investors might also be taking heart in Cree's earnings call remarks about short lead times, in-line LED price declines, and strong LED lighting demand - the industry has been hammered by intense price declines in recent years.
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  • Sep. 24, 2012, 11:31 AM
    Veeco (VECO -9.4%) tumbles on a downgrade to Sell from Goldman. The firm notes shares are (or rather, were) up 68% YTD on expectations of a pickup in equipment demand, and says checks indicate "incremental downside" to LED equipment orders. Veeco shares are discounting a 30%-35% increase in 2013 bookings, Goldman estimates, well above the "flattish" outlook Goldman sees for equipment sales. Rival Aixtron (AIXG -3.1%) is also lower. (Piper estimate cut)
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  • Sep. 17, 2012, 11:42 AM
    Veeco (VECO -3.7%) slides after Piper lowers its estimates and makes cautious remarks, albeit while reiterating an Overweight. Though believing LED equipment bookings have bottomed, the firm notes management hasn't yet received "concrete signs" of major pickup in demand. Nonetheless, Piper thinks Veeco and Aixtron (AIXG) will maintain an equipment duopoly, and that 2013 will represent "the beginning of a multi-year upcycle in LED lighting." (UBS)
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  • Jul. 26, 2012, 11:09 AM
    Aixtron (AIXG): Q2 EPS of -$0.12 misses by $0.04.
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Company Description
Aixtron SE provides deposition equipment to the semiconductor industry. Its solutions are used to build components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials.