Stock Price Movements, Declared Dividends, Increased Stock Repurchase Programs, and New Gas Mixing Systems - Analyst Notes on Applied Materials, Lam Research, KLA-Tencor, Cree and Veeco
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NEW YORK, May 15, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Applied Materials Inc. (NASDAQ: AMAT), Lam Research Corporation (NASDAQ: LRCX), KLA-Tencor Corporation (NASDAQ: KLAC), Cree, Inc. (NASDAQ: CREE) and Veeco Instruments Inc. (NASDAQ: VECO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2477-100free.
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Applied Materials Inc. Analyst Notes
On May 12, 2014, Applied Materials Inc.'s (Applied Materials) stock increased 0.85%, ending the day at $19.47. Over the previous five trading sessions, shares in Applied Materials increased 2.64% compared to the Nasdaq Composite which also increased 0.14% during the same period. The full analyst notes on Applied Materials are available to download free of charge at:
http://www.analystsreview.com/2477-AMAT-15May2014.pdf
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Lam Research Corporation Analyst Notes
On May 12, 2014, Lam Research Corporation's (Lam Research) stock increased 1.87%, ending the day at $58.25. For the past month, shares in Lam Research have increased 10.68% compared to the Nasdaq Composite which has also increased 3.60% during the same period. The full analyst notes on Lam Research are available to download free of charge at:
http://www.analystsreview.com/2477-LRCX-15May2014.pdf
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KLA-Tencor Corporation Analyst Notes
On May 8, 2014, KLA-Tencor Corporation (KLA-Tencor) reported that its Board of Directors has declared a quarterly cash dividend of $0.45 per share on its common stock. Stockholders of record as of the close of business on May 19, 2014 will receive the dividends on June 2, 2014. The full analyst notes on KLA-Tencor are available to download free of charge at:
http://www.analystsreview.com/2477-KLAC-15May2014.pdf
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Cree, Inc. Analyst Notes
On May 8, 2014, Cree, Inc. (Cree) announced that on May 6, 2014, its Board of Directors approved an increase in the amount of the Company's stock repurchase program. In accordance with the program, Cree now has the authority to repurchase shares of its common stock having an aggregate purchase price not exceeding $300.0 million for all purchases from June 20, 2013 through the new expiration of the program on June 28, 2015. Cree informed that it has recently repurchased 2.1 million shares of its common stock through the program at an average price of $47.11 per share with an aggregate value of $99.6 million. After this repurchase, it said that $200.4 million in aggregate purchase price value remains in the Company's stock repurchase program until June 28, 2015. Cree's Board of Directors has also authorized the Company for securing up to $150.0 million working capital line of credit facility, which provides it with short term flexibility to maximize its net investment return on cash and investments while also funding its general business needs. The full analyst notes on Cree are available to download free of charge at:
http://www.analystsreview.com/2477-CREE-15May2014.pdf
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Veeco Instruments Inc. Analyst Notes
On May 12, 2014, Veeco Instruments Inc. (Veeco) launched the Apex™ Gas Mixing System for point-of-use gas mixing. The Apex system produces precise binary gas mixtures via a single platform- which can be utilized in semiconductor applications at 20nm and below. Christopher Morath, Senior Director, Veeco Flow Technologies Group, commented, "Our new Apex Gas Mixing System addresses key challenges that face semiconductor manufacturers at the 20nm node and below." Morath added, "For example, the Apex system provides precise control of germane and diborane flux for doped silicon germanium films that have a critical impact on device performance with tight process control limits. Consequently, the Apex system allows manufacturers to improve real-time process control by up to a factor of ten as compared to mixed gas cylinders. This will enable users to increase both yield and throughput." The full analyst notes on Veeco are available to download free of charge at:
http://www.analystsreview.com/2477-VECO-15May2014.pdf
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