|Bid||235.00 x 800|
|Ask||242.91 x 800|
|Day's Range||236.75 - 240.50|
|52 Week Range||221.98 - 285.68|
|PE Ratio (TTM)||13.02|
|Earnings Date||Jun 7, 2018|
|Forward Dividend & Yield||7.00 (3.06%)|
|1y Target Est||321.50|
General Electric, Fifth Third Bank, Microsoft and Nvidia are the companies to watch.
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Qualcomm (QCOM) and NXP Semiconductors (NXPI), which have been on a downtrend since March 2018, saw an upsurge last week when the US and China (FXI) made efforts to ease the trade tensions between them. QCOM and NXP stocks have been on a downtrend since March 2018 when Broadcom’s (AVGO) hostile takeover of Qualcomm was rejected by the US president. Adding to Qualcomm’s trouble, the US president announced tariffs on Chinese imports on March 22 and imposed a sales ban on Chinese telecommunications equipment and systems manufacturer ZTE for violating sanctions on Iran on April 16.
Like almost anything under President Trump’s administration, nothing is ever clear or straightforward. Case in point is the latest back-and-forth involving ZTE, a multinational telecommunications company headquartered in Shenzhen, China. Last month, President Trump made headlines when his administration announced a ban on U.S. exports to ZTE.
While soft smartphone, PC and telecom equipment demand remain headwinds, secular trends such as automotive chip growth, rising cloud data center capital spending and IoT device growth don't show any signs of withering. , one of the world's largest RF chipmakers, sports an enterprise value (market cap minus net cash) of $16.1 billion. Like various other mobile chipmakers, softer-than-expected smartphone demand has weighed on Skyworks.
Qualcomm Inc. ( QCOM) shares have suffered mightily over the past year with shares up by only 2.7%, severely underperforming the S&P 500’s rise of over 14%. Shares of Qualcomm have risen by about 5.5% since May 8 as trade tensions with China appear to have calmed down, opening the door for Qualcomm to finally complete its proposed acquisition of NXP Semiconductors N.V. ( NXPI) for $44 billion.
The go-ahead to the $8.35 billion acquisition comes in less than three months after the companies struck the deal, indicating that trade tensions between the United States and China were easing. "It's clear that the US-China relations are in thaw-mode," Elazar Advisors analyst Chaim Siegel said.
Broadcom Inc. (AVGO), today announced production availability of the industry’s first end-to-end NVMe over Fibre Channel storage solution with NetApp and SUSE. NVMe over Fibre Channel extends the natively parallel NVMe protocol to run on existing SAN infrastructure fabric while providing massive gains in application productivity and performance so customers can power new projects and get more done, faster. This is a significant milestone for the NVMe over Fabrics protocol, making Fibre Channel the first enterprise transport to be in production with a complete solution consisting of Emulex® Gen 6 HBAs, Brocade® Gen 6 switches, SUSE Linux Enterprise Server 12 SP3, and NetApp’s AFF A800, A700, A700s and A300 all-flash arrays running ONTAP 9.4.
Broadcom Inc. designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V basedRead More...
With Donald Trump seeming to reverse course on Chinese tech supplier ZTE, optical stocks have been on the move. Among them, Broadcom Inc (NASDAQ: AVGO ), which was up as much as $4 in Monday's premarket ...