- Investor's Business Daily•18 hours ago
The harsh sell-off of semiconductor stocks on Thursday created a buying opportunity for investors wanting a stake in top chip companies, Mizuho Securities said.
- Zacks•19 hours ago
Despite posting beats on both the top and bottom lines, popular semiconductor maker Ambarella (AMBA) is slumping following its latest earnings release. With weak guidance sending shares down more than 10%, investors may start to look elsewhere for solid semiconductor stocks.
- Barrons.com•23 hours ago
Shares of chip maker Cirrus Logic (CRUS), a prominent supplier to Apple (AAPL) for its iPhone, are up $1.44, or almost 3%, at $50.77, after the company yesterday dropped over 10% amidst a broad sell-off of tech, and of chip stocks generally. Needham & Co.’s Rajvindra Gill today defends Cirrus shares, reiterating a Buy rating and a $65 price target, writing that “our supply contacts indicate stable iPhone 7 orders heading towards the end of the year." More important, he writes, even after factoring some “volatility” in Apple’s iPhone “builds,” he comes up with an estimate for revenue to decline 33% to 37% for Cirrus in the March quarter of 2017, compared to the prior quarter, which would be “roughly inline with the 4-year median rate for sales to be down 32%,” quarter-over-quarter.” He sees several “vectors of growth” for Cirrus, including, you guessed it, a presumed “iPhone 8” next year.
CRUS : Summary for Cirrus Logic, Inc. - Yahoo Finance
Cirrus Logic, Inc. (CRUS)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||48.00 x 300|
|Ask||54.22 x 1400|
|Day's Range||49.62 - 51.00|
|52 Week Range||25.09 - 59.50|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||22.09|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|