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Aixtron Aktiengesellschaft (AIXG)

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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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  • May 1, 2012, 11:48 AM
    Veeco's (VECO +15.1%) stronger-than-expected Q1 results and Q2 guidance are also giving a lift to Rubicon Technology (RBCN +11%) and (to a lesser extent) other LED industry names: LEDS +3%. CREE +3.4%. AIXG +3.5%. GTAT +4.2%. However, Canaccord, Sterne Agee, and Needham are staying cautious on account of concerns about weak LED end-market demand. Canaccord thinks LED TV sales will determine Veeco's 2H and 2013 performance.
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  • Apr. 26, 2012, 9:20 AM
    Premarket gainers: PATK +26%. HTWR +15%. REGN +14%. NUAN +14%. LOGI +14%. VHC +12%. CTXS +12%. NRGY +10%. EQIX +9%. CRUS +8%. SPPI +8%. INCY +7%. XLNX +7%. WPI +7%. AMRN +5%. EA +7%. MWW +5%. AH +6%. PHM +6%. AIS +5%. AIXG +5%. LSI +4%. TS +3%. UN +3%. ZNGA +3%. FRO +3%. RDS +3%.
    Losers: FURX -28%. PCS -15%. HRB -15%. TQNT -14%. ALU -13%. TSPT -12%. AET -9%. PTX -7%. AKAM -6%. AZN -6%. ZMH -5%. DB -5%. HERO -5%. STD -5%. DOW -4%. CELG -4%. CS -4%. CROX -4%. GG -3%. BWA -3%. UNH -3%. LVS -3%. VALE -3%. UPS -3%. POT -3%.
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  • Apr. 26, 2012, 9:10 AM
    Aixtron (AIXG): Q1 EPS of -EUR0.12 misses by EUR0.08. Revenue of EUR42M (-79.6% Y/Y). Shares +5.1% premarket. (PR)
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  • Apr. 18, 2012, 12:29 PM
    Cree's (CREE -5.9%) FQ3 miss and soft FQ4 guidance is unsurprisingly bringing down other LED industry firms. RBCN -3.3%. LEDS -1.8%. AIXG -2.6%. ThinkEquity has responded to the news by downgrading Cree to Hold. Staying bullish is Oppenheimer, which thinks sales disruptions caused by the Rund acquisition are causing short-term problems. Needham and Jefferies expect Cree's margins to expand as business recovers. (transcript)
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  • Mar. 26, 2012, 10:28 AM
    Canaccord reiterates its bearish view on the LED equipment sector, chopping its rating on Aixtron (AIXG +1.7%) to Sell from Hold and repeating a Sell on Veeco (VECO +0.1%). The firm says recent strength in the sector reflects “restocking and double ordering,” and that “expectations are not aligned with fundamentals - again," differing from recent upbeat outlooks (I, II).
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  • Mar. 23, 2012, 3:11 PM
    B. Riley starts coverage of the LED lighting sector, tagging Veeco (VECO +3.2%), Aixtron (AIXG +3.4%) and Cree (CREE +2.1%) with Buy ratings and Rubicon (RBCN +4.4%) at Neutral. Orders at VECO and AIXG could snap back in H2 2012 "driven by improving general lighting demand"; CREE should rise as "general lighting demand [is] expected to drive the LED cyclical recovery."
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  • Mar. 20, 2012, 12:02 PM
    CLSA cuts its rating on LED equipment maker Veeco (VECO -6.8%) to Sell, citing increased downside risk once investors realize an order recovery is not just around the corner. The firm sees a V-shaped recovery as “highly unlikely” given the magnitude of sector over-investment in 2009-2011 and capital intensity compression expected in 2012. Also: AIXG -4.9%, CREE -3.9%.
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  • Mar. 19, 2012, 9:05 AM
    Premarket gainers: ABVT +14%. DYN +10%. THLD +6%. NBG +6%. PWRD +4%.
    Losers: S -5%. IRE -4%. FRO -3%. AIXG -3%. ACI -3%.
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  • Mar. 15, 2012, 11:52 AM
    Deutsche's upgrade of Aixtron (AIXG +14.6%) and Veeco Instruments (VECO +10.9%) appears to be giving a lift to other LED industry names. CREE +5%. RBCN +4.1%. LEDS +9.5%. Also helping is a positive UBS note, in which the firm says Cree is likely to benefit from a new federal mandate requiring agencies to spend a minimum of $2B over the next 2 years to make their facilities more energy-efficient.
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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.