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Aixtron Aktiengesellschaft (AIXG)

- NASDAQ
  • Apr. 22, 2013, 4:27 PM
    Veeco (VECO) +8.6% AH after providing a Q1 business update that was better than feared. Bookings for the quarter totaled $70M, down 24% Q/Q and 38% Y/Y. LED/solar bookings amounted to $43M, -49% Y/Y, while hard drive equipment bookings fell 7% to $27M. The company's cash balance rose by $9M Q/Q to $588M. Veeco, whose earnings reports have been delayed as it does an accounting review, says MOCVD end market signals "are mixed but appear to be trending in a positive direction," with some LED customers operating at close to full capacity. Aixtron (AIXG) could rally in sympathy. (Q4 bookings)
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  • Apr. 17, 2013, 11:01 AM
    Veeco (VECO -7.7%) and Aixtron (AIXG -5.6%) get hammered after Digitimes reports the companies slashed prices for single-wafer MOCVD LED manufacturing systems to ~$1.4M from ~$2M, and 30%-40% for multi-wafer systems, due to Chinese competition. The companies have already been struggling with weak equipment demand on account of overcapacity: Digitimes Research estimates MOCVD shipments will fall 46% this year to 148; Veeco is seen shipping 89 of them, and Aixtron 53. Cree (CREE -3.7%) and GT Advanced (GTAT -4.2%) are also selling off.
    | 1 Comment
  • Mar. 25, 2013, 11:07 AM
    In addition to upgrading Veeco to Buy, Canaccord has lifted LED equipment rival Aixtron (AIXG +5.4%) to Hold and sapphire wafer vendor Rubicon (RBCN +4.2%) to Buy. The Rubicon upgrade comes a month after shares were crushed due to the guidance provided with the company's Q4 report.
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  • Mar. 5, 2013, 9:42 AM
    Cree (CREE +11.4%) raises its FQ3 guidance: the company now expects revenue of $335M-$350M and EPS of $0.31-$0.36 vs. prior guidance of $325M-$345M and $0.30-$0.35, and a consensus of $336.1M and $0.33. Cree is also announcing new, aggressively-priced LED bulbs: Home Depot will sell a 40W-replacement bulb for $9.97, and 60W-replacements for $12.97 and $13.97. Shares are making new 52-week highs. Up in sympathy: RBCN +3%. AIXG +3.5%. GTAT +6%. VECO +5.5%. (PR)
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  • 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.
    | 1 Comment
  • 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.
    | 1 Comment
  • 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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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.