Goldman Sachs cuts semi equipment estimates after checks showed that the market could be underestimating the size of the cyclical downturn due to memory weakness.
Goldman drops its EPS estimates for Lam, AMAT, and KLA-Tencor (KLAC -4.8%) by an average 11% for 2019 and 4% for 2020.
Source: The Fly.
Other semi equipment stocks that could move on the news: ASML (ASML -5.5%), Ichor (ICHR -2.8%), Ultra Clean Holdings (UCTT -2%), Brooks Automation (BRKS -4.8%), AXT (AXTI -5.4%), Nanometrics (NANO -2.1%), Nova Measuring Instruments (NVMI -1.9%), Axcelis Technologies (ACLS -1.1%), Ambarella (AMBA -5.5%), Universal Display (OLED -7.4%), Synopsys (SNPS -3.6%), and Teradyne (TER -4.1%).
Previously: Tech lunch break: Large-caps slump with Nasdaq 100 (Oct. 10)
Subscribe for full text news in your inbox