38.52 -0.06 (-0.16%)
After hours: 4:54PM EDT
|Bid||38.50 x 800|
|Ask||38.55 x 1400|
|Day's Range||38.51 - 39.23|
|52 Week Range||37.39 - 62.40|
|PE Ratio (TTM)||11.82|
|Earnings Date||Nov 15, 2018|
|Forward Dividend & Yield||0.80 (2.02%)|
|1y Target Est||61.55|
Since early June, Intel (NASDAQ:INTC) shares have been in an awful downward spin. Note that Intel stock price has gone from $57.60 to $46.40. This actually puts the shares near bear territory, with a return of -19%.
Stock futures: Micron earnings topped views, but shares fell on weak guidance due to Trump tariffs. Other chip stocks fell, though Texas Instruments rose on a buyback-and-dividend hike.
Prior to its fiscal fourth-quarter 2018 earnings report, Micron (NASDAQ:MU) faced a make-or-break moment. Prior to yesterday’s earnings report, MU stock traded hands as high as $47.22. In the company’s previous earnings report (fiscal Q3 2018), it delivered a resounding beat across the board.
Chips stocks are about 5% off their 2018 highs based on the iShares Semiconductor ETF ( SOXX). Now, technical analysis suggests some of these stocks may be oversold and are due for a short-term bounce. Shares of Applied Materials Inc. ( AMAT) and Lam Research Corp. ( LRCX) are more than 33% off their highs. Meanwhile, stocks such as Skyworks Solutions Inc. ( SWKS) and Texas Instruments Inc. ( TXN) are down by more than 10%.
In the latest trading session, Applied Materials (AMAT) closed at $39.04, marking a -0.4% move from the previous day.
Shares of semiconductor (SMH) company Micron Technology (MU) rose 4% on September 18. The stock is currently trading at $45.33, 33% above its 52-week low of $34.09 and 30% below its 52-week high of $64.66.
In this series, we’ll look at the top technology stocks that fell on September 17 and compare them with analysts’ estimates. Cree (CREE), the maker of lighting-class LED (light-emitting diode) and semiconductor products, fell 5.2% on September 17. It seems that Cree has been impacted by the overall weakness in the semiconductor industry.
So far, we’ve seen that Micron (MU) has been positioning itself as a specialized memory solutions maker. However, this is a long-term strategy, and the company has not been able to address investors’ short-term concerns.
Applied Materials (AMAT) closed the most recent trading day at $38.89, moving +1.32% from the previous trading session.
Shares of Lam Research Corp. are down 3.1% in premarket trading Wednesday after Goldman Sachs analyst Toshiya Hari downgraded the stock to neutral from buy and cut his rating on the semiconductor capital-equipment industry to neutral from attractive. "While there was initially hope that Samsung's decision to push out DRAM spending was specific to the company and was related to node transition issues as opposed to supply/demand issues, we now envision a more broad-based correction in memory capex in 2019, as memory manufacturers digest what we perceive to be excess capacity in NAND and to a lesser extent DRAM," he wrote. Shares of KLA-Tencor Corp. , ASML Holding NV , and Applied Materials Inc. are all down in premarket trading as well. Lam shares are down 9.5% over the past 12 months, while the S&P 500 has gained 16% and the PHLX Semiconductor Index has risen 22%.
The size of Applied Materials Inc (NASDAQ:AMAT), a US$39.17b large-cap, often attracts investors seeking a reliable investment in the stock market. One reason being its ‘too big to fail’ auraRead More...
J.P. Morgan analyst Harlan Sur argues that the selloff in chip-equipment names late last week appears to be an “overreaction.”
A flurry of news items last week sent semiconductor stocks lower, with investors appearing to grow wary as the current upswing gets long in the tooth. Both companies attended the Citi 2018 Global Technology Conference, with management teams providing updates on their prospects. KLA-Tencor CFO Bren Higgins reiterated that the September quarter would be the trough for 2018 and added that the December-quarter rebound would be a little smaller than previously expected.
Applied Materials (AMAT) closed at $39.85 in the latest trading session, marking a -1.04% move from the prior day.
Three big drivers for memory demand have worsened "actually quite substantially" over the past two weeks, according to MS, warning on elevated inventories.
Names like Micron MU , Advanced Micro Devices AMD , Applied Materials AMAT and Lam Research LRCX sank Thursday. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, is concerned about the decline.
NEW YORK, NY / ACCESSWIRE / September 7, 2018 / U.S. benchmarks closed mostly lower on Thursday, with the Dow Jones remaining in the green, as internet and tech shares slumped. The Dow Jones Industrial ...
Semiconductor equipment stocks tumbled on Thursday after memory chip maker Micron Technology and chip gear supplier KLA-Tencor gave cautious statements to already skittish chip investors.
SANTA CLARA, Calif., Sept. 06, 2018-- Applied Materials, Inc. today announced that its Board of Directors has approved a quarterly cash dividend of $0.20 per share payable on the company’ s common stock. ...