2317.TW - Hon Hai Precision Industry Co., Ltd.

Taiwan - Taiwan Delayed Price. Currency in TWD
70.60
-0.40 (-0.56%)
At close: 1:30PM CST
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Previous Close71.00
Open69.00
Bid70.50 x 0
Ask70.60 x 0
Day's Range68.90 - 70.90
52 Week Range68.90 - 132.50
Volume42,907,000
Avg. Volume26,232,224
Market Cap978.622B
Beta (3Y Monthly)1.63
PE Ratio (TTM)8.33
EPS (TTM)8.48
Earnings DateAug 9, 2018 - Aug 13, 2018
Forward Dividend & Yield2.50 (3.41%)
Ex-Dividend Date2018-07-25
1y Target Est92.64
  • The Wall Street Journal7 days ago

    [$$] Apple Supplier Foxconn Posts Third-Quarter Profit Jump

    BEIJING—Foxconn Technology Group posted a 18.3% rise in third-quarter profit from the same period last year after its biggest customer Apple Inc. posted record profit that was buoyed by a combination of higher iPhone prices and strong app-store sales. Taiwan-based Foxconn said Tuesday its net profit for the quarter ended Sept. 30 was 24.9 billion New Taiwan dollars ($805 million). Last year in the same period, Foxconn was hit by a production delay in Apple’s iPhone X, said Kylie Huang, an analyst at Daiwa Capital Markets based in Taiwan.

  • Foxconn posts rise in third-quarter profit, lagging estimates
    Reuters8 days ago

    Foxconn posts rise in third-quarter profit, lagging estimates

    Taiwan's Foxconn posted a weaker than expected rise in quarterly profit amid warning signs from key customer Apple Inc and its global suppliers that demand for iPhones could be softening. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$24.88 billion ($805.52 million) for the third quarter on Tuesday, 12 percent short of analyst expectations. While this was the biggest quarterly profit the company has posted this year and came in 18 percent above the year-earlier results, it was below a mean estimate of T$28.26 billion ($916.85 million) from nine analysts, according to I/B/E/S data from Refinitiv.

  • Foxconn posts rise in third-quarter profit, lagging estimates
    Reuters8 days ago

    Foxconn posts rise in third-quarter profit, lagging estimates

    Taiwan's Foxconn posted a weaker than expected rise in quarterly profit amid warning signs from key customer Apple Inc and its global suppliers that demand for iPhones could be softening. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, reported net profit of T$24.88 billion ($805.52 million) for the third quarter on Tuesday, 12 percent short of analyst expectations. While this was the biggest quarterly profit the company has posted this year and came in 18 percent above the year-earlier results, it was below a mean estimate of T$28.26 billion ($916.85 million) from nine analysts, according to I/B/E/S data from Refinitiv.

  • Reuters8 days ago

    BRIEF-Hon Hai Precision Says Q3 Net Profit T$24.9 Bln, 9-Month Net Profit T$66.4 Bln

    Nov 13 (Reuters) - Hon Hai Precision Industry Co Ltd : * SAYS Q3 NET PROFIT T$24.9 BILLION ($806.71 million) * SAYS 9-MONTH NET PROFIT T$66.4 BILLION Source text in Chinese: https://bit.ly/2DBYCQn Further ...

  • Fears of peak iPhone rattle Asian Apple suppliers
    Reuters8 days ago

    Fears of peak iPhone rattle Asian Apple suppliers

    TAIPEI/SEOUL (Reuters) - Shares in Asian suppliers and assemblers for Apple Inc fell on Tuesday after several component makers warned of weaker than expected results, leading some market watchers to call the peak for iPhones in several key markets. Following a poor forecast earlier this month, analysts and investors voiced concern over the state of Apple's business, contributing to growing worries that iPhone sales were stagnating and could hurt suppliers. Fresh warnings on Monday from screen maker Japan Display Inc, British chipmaker IQE Plc and Lumentum Holdings Inc, the main supplier of the Face ID technology in the latest generation of iPhones, hurt technology stocks in Asia on Tuesday.

  • The Wall Street Journal14 days ago

    [$$] Foxconn Considers Bringing Chinese Workers to Wisconsin as U.S. Labor Market Tightens

    MOUNT PLEASANT, Wis.—Foxconn Technology Group is considering bringing in personnel from China to help staff a large facility under construction in southern Wisconsin as it struggles to find engineers and other workers in one of the tightest labor markets in the U.S. The company, the Taiwanese supplier to Apple Inc., has been trying to tap Chinese engineers through internal transfers to supplement staffing for the Wisconsin plant, according to people familiar with the matter. The state pledged $3 billion in tax and other “performance-based” incentives to help lure Foxconn, and local authorities added $764 million.

  • Foxconn says it won't staff Wisconsin plant with workers from China
    Engadget14 days ago

    Foxconn says it won't staff Wisconsin plant with workers from China

    Last year, Foxconn, a supplier to companies like Apple and Microsoft, announced plans for a factory in Racine, Wisconsin, a deal that promised to bring a $10 billion investment and 13,000 jobs to the area. Foxconn, however, has denied those reports. Foxconn is reportedly finding it difficult to staff the factory, which is currently under construction, and Wisconsin's low unemployment rate is adding to the problem.

  • Reuters15 days ago

    GLOBAL MARKETS-Stocks, dollar hunker down for U.S. midterm elections

    European shares sagged and the dollar and bond markets barely budged on Tuesday, as traders braced for midterm elections in the United States and potentially lively sessions ahead. Japan and Hong Kong had helped Asia overcome another Chinese wobble, but Europe was in the 0.4 percent red as investors pounced on corporate earnings misses and pre-market caution dragged down Wall Street futures.

  • Foxconn and the Folly of State Corporate Welfare
    Bloomberg15 days ago

    Foxconn and the Folly of State Corporate Welfare

    After Trump suggested that a piece of land in southeastern Wisconsin would be a great place for a factory back in 2017, Taiwanese electronics manufacturer Foxconn offered to build it. There was just one catch -- the state would have to pay Foxconn a lot of money.

  • Reuters15 days ago

    Apple's Asia suppliers fall on report iPhone XR production boost cancelled

    Taiwan-based assembler Pegatron Corp fell 5 percent and rival Hon Hai Precision Industry Co Ltd (Foxconn) dropped 3.6 percent. Apple is widely considered the biggest customer for Foxconn. Apple shares fell nearly 4 percent on Monday after the report by the Nikkei financial daily, which fuelled concerns that the iPhone XR - the cheapest of three iPhones unveiled in September - was facing weak demand just days after it went on sale.

  • Reuters16 days ago

    Apple cancels production boost for iPhone XR: Nikkei

    Apple shares fell nearly 4 percent after the report, which fueled concerns that the iPhone XR, the cheapest of three iPhones Apple unveiled in September, was facing weak demand just days after it hit shelves. The Nikkei, citing supply chain sources, said Apple had also asked smaller iPhone assembler Wistron to stand by for rush orders, but that the company will receive no orders for the iPhone XR this season.

  • Reuters16 days ago

    Apple cancels production boost for iPhone XR- Nikkei

    Apple Inc has told its smartphone assemblers Foxconn and Pegatron to halt plans for additional production lines dedicated to its new iPhone XR, the Nikkei financial daily reported https://s.nikkei.com/2PHPYWb on Monday. Apple shares fell nearly 4 percent after the report, which fueled concerns that the iPhone XR, the cheapest of three iPhones Apple unveiled in September, was facing weak demand just days after it hit shelves. The Nikkei, citing supply chain sources, said Apple had also asked smaller iPhone assembler Wistron to stand by for rush orders, but that the company will receive no orders for the iPhone XR this season.

  • Reuterslast month

    GRAPHIC-Deepening bear market sees $1 trln wiped off emerging equities since 2018 peak

    A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016. The emerging benchmark is now falling deeper into bear market territory - defined as peak-to-trough losses of more than 20 percent - after first cracking that milestone in August. Translating this into the index's market cap, the MSCI benchmark has lost some $1.1 trillion or more than 18 percent of its value - more than double the drop in value global stocks have suffered.

  • Deepening bear market sees $1 trillion wiped off emerging equities since 2018 peak
    Reuterslast month

    Deepening bear market sees $1 trillion wiped off emerging equities since 2018 peak

    A selloff in global stocks tore like a wrecking ball through emerging equities on Thursday with the key index flirting with its biggest daily tumble since the surprise Brexit vote stunned markets in June 2016. The emerging benchmark is now falling deeper into bear market territory - defined as peak-to-trough losses of more than 20 percent - after first cracking that milestone in August. Translating this into the index's market cap, the MSCI benchmark has lost some $1.1 trillion or more than 18 percent of its value - more than double the drop in value global stocks have suffered.

  • Foxconn's September revenue jumps, buoys hopes for solid sales at Apple
    Reuterslast month

    Foxconn's September revenue jumps, buoys hopes for solid sales at Apple

    Taiwan's Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid product sales for the American tech giant even as U.S.-China trade war escalates. Apple's products, largely manufactured in China, have so far been spared from U.S. import tariffs, but it could be put in the crosshairs of the escalating trade dispute as Washington has threatened to expand the tariffs to almost all goods from China including iPhones. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that revenue rose 30 percent to T$584.93 billion ($18.8 billion) in September, extending a streak of double-digit growth since May.

  • Foxconn's Sept revenue jumps, buoys hopes for solid sales at Apple
    Reuterslast month

    Foxconn's Sept revenue jumps, buoys hopes for solid sales at Apple

    Taiwan's Foxconn, a key Apple Inc supplier, reported a 30 percent jump in September revenue on Thursday, boosting expectations for solid product sales for the American tech giant even as U.S.-China trade war escalates. Apple's products, largely manufactured in China, have so far been spared from U.S. import tariffs, but it could be put in the crosshairs of the escalating trade dispute as Washington has threatened to expand the tariffs to almost all goods from China including iPhones. Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that revenue rose 30 percent to T$584.93 billion ($18.8 billion) in September, extending a streak of double-digit growth since May.

  • Reuterslast month

    BRIEF-Hon Hai Precision's Sept Sales Up 29.68 Percent Y/Y

    Oct 11 (Reuters) - Hon Hai Precision Industry Co Ltd : * SAYS SEPT SALES UP 29.68 PERCENT Y/Y Source text in Chinese: https://bit.ly/2RH1wXR Further company coverage: (Reporting by Hong Kong newsroom)

  • Sharp makes long-awaited OLED foray, wary of big spending
    Reuters2 months ago

    Sharp makes long-awaited OLED foray, wary of big spending

    Japan's Sharp Corp unveiled its long-awaited move into the organic light-emitting diode (OLED) market on Wednesday as the Apple Inc (AAPL.O) supplier looks to catch rival Samsung Electronics Co Ltd . Sharp will offer OLED panels in its new smartphones later this year and plans to sell the screens to other manufacturers, although it has signaled it is wary about a rapid expansion in OLED as momentum for the thinner but more expensive screens slows. The move comes as the Osaka-based electronics maker, a major supplier of iPhone liquid crystal display (LCD) screens, continues its recovery after being bought two years ago by Taiwan's Foxconn (2317.TW).

  • Sharp marks long-awaited OLED foray with smartphone launch
    Reuters2 months ago

    Sharp marks long-awaited OLED foray with smartphone launch

    TOKYO (Reuters) - Sharp Corp said on Wednesday its first OLED smartphone would go on sale later this year in Japan, marking its long-awaited entry into the market for the advanced panels as it seeks to ...

  • Apple supplier shares slide after Trump tells tech giant to make products in U.S.
    Reuters2 months ago

    Apple supplier shares slide after Trump tells tech giant to make products in U.S.

    TAIPEI (Reuters) - Shares of Apple Inc (AAPL.O) suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted ...

  • Associated Press3 months ago

    Foxconn joins Wisconsin companies to create investment fund

    MADISON, Wis. (AP) — Foxconn Technology Group will partner with three major Midwestern companies to create a $100 million fund to help launch technology startups around the world, the companies announced Tuesday.

  • Reuters3 months ago

    BRIEF-Hon Hai Says Investment Cooperation With University Of Wisconsin-Madison Still In Discussion

    Aug 28 (Reuters) - Hon Hai Precision Industry Co Ltd : * IN CLARIFICATION TO MEDIA REPORTS THAT IT AGREES TO INVEST T$3.0 BILLION ($97.69 million) IN TEAMING UP WITH UNIVERSITY OF WISCONSIN-MADISON, SAYS ...