Novellus Systems News

It has already been a fairly solid year for many companies in the semiconductor equipment space.

New System Designed for Leading Memory Manufacturers Enables Ease of Patterning and High Yield at a Low Cost of Ownership SAN JOSE, CA -- -- 02/06/12 -- Novellus Systems today announced the addition of the VECTOR Strata to the company's dielectric product offerings.

Novellus Systems, Inc. , today announced that it will provide its fourth quarter and year-end 2011 financial results in a conference call to be held Thursday, February 2, 2012, beginning at 1:30 p.m. PST.

Core Labs : RBC Capital Mkts initiated coverage of this company with a rating of Sector Perform and a price target of $110 >> $122. FBR Capital initiated coverage of this company with a rating of Mkt Perform and a price target of $115 >> $128. Manitowoc : UBS initiated coverage of this company with a rating of Neutral and a price target of $12 >> ... (more)

Novellus Systems was downgraded by investment analysts at DA Davidson from a "buy" rating to a "neutral" rating in a note issued to investors on Friday.

NetSuite Inc., Take-Two Interactive Software Inc., Novellus Systems Inc., Tyson Foods Inc.

S&P 500 component Novellus Systems Inc. posted a decrease in profit as revenue declined.

Novellus is expected to report Q4 earnings after the market close on Thursday, February 2, with a conference call scheduled for 4:30 pm ET.

Analysts at RBC Capital increased their price target on shares of Novellus Systems from $44.00 to $48.00 in a research report issued to clients and investors on Wednesday.

J.C. Penney Company : Mike Kramer, the company's COO, said it plans to fund the transformation of jcpenney's stores through cash from operations, beginning with $800M in capital expenditures in FY12.

FREMONT, Calif. &#8212 Semiconductor manufacturing equipment maker Lam Research Corp.

Citigroup's Terence Whalen picks up coverage of semi equipment stocks and raises KLA Tencor and Novellus to Buy from Neutral, while cutting FormFactor to Neutral.

Novellus Systems was upgraded by analysts at Citigroup from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

Insiders reported last week, Wednesday through Friday, that they bought and sold stock in over 540 separate transactions in over 300 different companies.

Pacific Crest upgrades Lam Research to Outperform, seeing "little risk" that the company's deal to purchase Novellus will fall apart and expecting shares to more fully reflect the value of the combined entity as the deal gets closer to its expected Q2 completion.