|Bid||58.00 x 1000|
|Ask||58.35 x 1000|
|Day's range||57.54 - 58.58|
|52-week range||48.56 - 76.50|
|Beta (3Y monthly)||1.60|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||2.48 (4.34%)|
|1y target est||N/A|
On November 30, the Intermediate People’s Court in Fuzhou granted a preliminary injunction banning Chinese imports and sales of seven Apple smartphone models, from 2015’s iPhone 6s through to last year’s iPhone X.
The U.S. International Trade Commission said Wednesday it would take a closer look at a recommendation by a judge in September that an import ban would hurt America’s competitive edge in the development of the next generation of mobile technology, known as 5G. It also will look at the judge’s finding that Apple infringed one of three Qualcomm patents in the case, though confirmed that two other patents weren’t infringed. Qualcomm and Apple both rose less than 1 percent in extended trading, building on their gains during the regular session.
As of December 11, Apple stock has lost about 25.3% sequentially compared to a 9.5% and 12.1% drop seen in the S&P 500 Index (SPY) and the NASDAQ Composite Index (QQQ), respectively. On December 12, Apple seems to be on a recovery path. At 10:11 AM EST, Apple was trading at $171.03 with 1.4% gains.
Broadcom (AVGO) has grown significantly over the last few years under the leadership of CEO Hock Tan, both organically and through acquisitions. Broadcom’s fiscal 2018 earnings again showed how synergies have boosted Broadcom, which acquired Brocade Communications in November 2017.
In early November, Broadcom (AVGO) closed the acquisition of CA Technologies for an equity value of ~$18.9 billion. Broadcom’s all-cash CA Technologies deal was made to please shareholders after it failed to make the biggest ever technology deal with Qualcomm (QCOM).
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.
Chip maker Broadcom (AVGO) has strong cash flows and has been rewarding its shareholders with dividends and share buybacks. In the fourth quarter of fiscal 2018, the company’s cash flow from operations was $2.64 billion compared to $2.25 billion in the previous quarter and $1.96 billion in the previous year’s quarter. Broadcom generally returns 50% of the previous fiscal year’s free cash flow to stockholders in the form of cash dividends.
On December 4, Qualcomm (QCOM) launched a mobile phone processor called “Snapdragon 855” at its Snapdragon Technology Summit in Hawaii. The new generation of mobile chips will power the 5G phones in the United States by next year. The new Snapdragon 855 chip will act as a modem for smartphones to connect to 5G wireless data networks.
VANCOUVER, British Columbia (AP) — A Canadian court granted bail Tuesday to a top Chinese executive arrested at the United States' request in a case that has set off a diplomatic furor among the three countries and complicated high-stakes U.S.-China trade talks.
The seemingly never-ending battle between Apple and Qualcomm has taken another turn. A Chinese court has found that Apple (AAPL) has infringed on two of Qualcomm’s (QCOM) patents. The court has ordered the iPhone maker to stop selling older models of its smartphones, Qualcomm said.
Apple (AAPL) has seen its stock price plummet over 24% in the last three months as investors digest what's next for the tech powerhouse after it signaled that its days of insane iPhone growth are done. Now, the question is are Apple's days of substantial revenue growth over?
Ryan McQueeney discusses the latest twist in the U.S-China trade war: legal battles involving some of the world's biggest technology companies.
Broadcom (AVGO) reported its fiscal 2018 fourth-quarter earnings results on December 6. Broadcom has beaten analysts’ earnings for the past four straight quarters. Its earnings not only beat estimates but also came in 27.5% higher than its fiscal 2017 fourth-quarter EPS of $4.59 and 17.5% higher than its fiscal 2018 third-quarter EPS of $4.98.
JPMorgan analyst Samik Chatterjee reiterated his Overweight rating for Apple stock, predicting a deal between the two companies.
On December 3, the White House stated that President Trump mentioned the unapproved Qualcomm (QCOM) and NXP Semiconductors (NXP) merger during the G20 summit with President Jinping. Qualcomm had to cancel the biggest semiconductor acquisition of $44 billion in July. Qualcomm wanted to buy NXP Semiconductors because of the company’s presence in China. The acquisition could have significantly boosted Qualcomm’s sluggish revenue trend. President Jinping seems to be positive about corporate mergers. ...
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.
Nokia (NOK) deploys a liquid-cooled base station system that lowers costs for operators of base station sites, apart from lowering carbon-dioxide emissions.
InterDigital's (IDCC) board of directors approves a $100 million hike to its existing share repurchase program, authorizing it to buy back $600 million of its shares.
A court in China has issued an embargo on sales of some iPhone models as Apple (AAPL) has infringed on two patents of QUALCOMM Incorporated (QCOM).
On December 1, US (SPY) President Trump and Chinese (MCHI) (FXI) President Jinping discussed some issues during the G20 summit in Argentina. They discussed China’s trade practices, which have led to massive tariffs on $200 billion worth of imported goods from China. President Trump stated that he temporarily won’t increase the tariff on imported Chinese goods worth $200 billion. Previously, he decided to increase the tariff to 25% from 10% starting on January 1.
LONDON (AP) — Stock markets around the world spiked higher Tuesday after Wall Street rebounded amid hopes the U.S. and China are back negotiating over their trade dispute.