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LRCX - Lam Research News Story

$608.98 -6.9  -1.1%

Last Trade - 17/09/21

Sector
Technology
Size
Large Cap
Market Cap £63.40bn
Enterprise Value £62.88bn
Revenue £10.61bn
Position in Universe 147th / 7151

BUZZ-ASM Int'l: Shares slump on weak margins

Fri 20th April, 2018 8:44am
** Shares in ASM International  ASMI.AS  slump 11 pct and
are set for their worst day in nearly 5 yrs
    ** Q1 gross margins slump to 37.8% vs. 43% last year (cons
41.1%)
    ** Natixis cuts PT by 4% to 67 euros ('buy') and says the
impact on gross margin is "temporary"
    ** ASM CEO says margins were hurt by "newly introduced
products, sales mix and costs associated with preparation for
anticipated higher activity levels"
    ** Expects margins to bounce back to low-to-mid 40's in Q2
    ** Natixis expects the stock to react negatively "amplified
by the current volatility in the sector (cf. Lam Research and
ASML)"
    ** ASM Int'l is a supplier of wafer processing equipment,
primarily for semiconductor manufacturing industry
    ** Stock worst performer on pan-European Stoxx 600 index
 .STOXX 
    

 ((RM: thyagaraju.adinarayan@tr.com,  piotr.lipinski@tr.com))
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