|Bid||35.5900 x 1000|
|Ask||35.6000 x 800|
|Day's range||35.41 - 36.02|
|52-week range||33.82 - 64.66|
|Beta (3Y monthly)||1.28|
|PE ratio (TTM)||3.11|
|Earnings date||18 Dec 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||59.42|
Among the 27 analysts covering Qualcomm (QCOM), 13 recommended a “buy,” while 14 recommended a “hold.” None of the analysts recommended a “sell.” The company will likely continue to perform well despite the trade war and other global headwinds. Analysts have set a target price of $68.50 for the stock and a median consensus estimate of $68.00. Qualcomm was trading at $57.11 on December 4—a 16.0% discount to its consensus median target estimate.
On December 6, Broadcom (AVGO) released upbeat results for the fourth quarter of fiscal 2018, which ended on November 4. Broadcom’s solid results pushed its stock up 5.17% in after-hours trading on the day driven by impressive results and strong guidance. The stock was up 0.58% to $228.56 on December 7.
Micron (MU) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of semiconductor company Micron Technology (MU) fell 6.3% to close trading at $35.31 on December 7. Micron stock has generated returns of -8.4% this month and -22% since the start of October. Driven by the recent pullback, Micron stock is now down 14% in 2018.
Samsung’s (SSNLF) prized screen technology was stolen and leaked to its rival in China, according to prosecutors in South Korea. The allegedly leaked Samsung technology covers flexible OLED screens and can be used in making foldable smartphones. Samsung last month showed off a foldable smartphone that could arrive on the market as soon as early next year.
After slashing his Micron Technology stock-price target by 40% in October, Susquehanna analyst Mehdi Hosseini has cut his forecast for the chip shares again.
Worries about U.S.-Chinese trade relations and the state of the semiconductor business have taken the shares down sharply since March. Just maintaining its current multiple could push the stock up 30% next year.
The increase of tariffs on $200 billion in Chinese goods to 25 percent is off the table, for now, as the two sides begin to discuss the hard questions. The negotiations will cover "structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft, services and agriculture," according to a White House statement. Further ReadingTimeline of the dispute from the Peterson Institute for International Economics.U.S. Trade Representative’s press release and report on the Section 301 tariffs on IP.WTO dispute list.Campaign speech by Donald Trump from June 2016 detailing much of what has become his international economic policyU.S. tariff lists: On $34 billion in imports (final)On $16 billion in imports (final)On $200 billion in imports (initial)Translation of all China’s tariff lists (with links to the original Chinese ones)China’s white paper making its case on trade.
This hard drive and solid-state storage specialist is cheap for a reason, but adventurous investors might want to start nibbling at the stock anyhow. Here's how.
In the fourth quarter of fiscal 2018, Apple’s (AAPL) iPhone sales rose 29% YoY (year-over-year) to $37.2 billion. Two of Apple’s suppliers, Qorvo (QRVO) and Lumentum (LITE), also lowered their guidances due to softness in iPhone-related orders.
Trade tensions have been running hot between the U.S. and China, but semiconductors are President Trump's secret weapon in the trade war, according to Nomura.
Micron Technology, Inc., (MU) today announced that it has published its first annual Diversity & Inclusion Report, demonstrating the company’s commitment to building a diverse workforce and inclusive culture reflective of the communities and customers it serves. In addition to the report which benchmarks Micron’s diversity efforts, the Micron Foundation revealed that it is contributing $10 million to fund global programs and activities that support women and other underrepresented groups. The Micron Diversity & Inclusion FY18 Annual Report provides a baseline for tracking the company’s progress, examining a variety of factors including gender, ethnicity, job roles, flexibility, philanthropy and compensation.
Previously, we saw that NVIDIA’s (NVDA) profit margin was impacted by crypto headwinds sequentially, but expanded YoY (year-over-year) due to the company’s growing mix of high-priced products. These effects rolled down to its non-GAAP net income, which rose 38% YoY but fell 5% sequentially to $1.15 billion in the third quarter of fiscal 2019. The quarter was NVIDIA’s fourth in a row with over $1 billion in net income.
Zacks Value Trader Highlights: NVIDIA, Lam Research, Micron, Intel, Applied Materials and Applied Micro Devices
Micron (MU) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Many of the semiconductor stocks have sold off in the recent market weakness and are now trading with single digit P/Es. Should value investors be taking a look?