|Bid||237.830 x 800|
|Ask||237.960 x 800|
|Day's Range||236.030 - 238.870|
|52 Week Range||221.980 - 285.680|
|PE Ratio (TTM)||12.95|
|Earnings Date||Jun 7, 2018|
|Forward Dividend & Yield||7.00 (2.96%)|
|1y Target Est||313.29|
Tech leaders are heading to the White House today for an event called Artificial Intelligence for American Industry. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Julia La Roche discuss what leaders will talk about.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Jen Rogers from the floor of the New York Stock Exchange to discuss the latest market moves.
Given the close economic ties between the U.S. and China, the prospect of an all-out trade war between the two nations has rattled the U.S. stock market for months. Now, tensions between the two governments may be easing, prompting the equities markets to breathe a collective sigh of relief. In services, U.S. exports to China were $56 billion and imports were $18 billion, per another Census table.
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.
General Electric, Fifth Third Bank, Microsoft and Nvidia are the companies to watch.
Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.
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 ...
Speculators got very interested in Qualcomm Inc. (NASDAQ:QCOM) over the Mother’s Day weekend, increasing the QCOM stock price almost 3%, a gain of about $2.4 billion. The catalyst was a report that China has restarted its review of Qualcomm’s proposed purchase of NXP Semiconductors NV (NASDAQ:NXPI), which rose over 10%, a gain of nearly $450 million, on that news. Qualcomm had proposed buying the Dutch chipmaker for $44 billion last year.
Trade is back in the news, with President Donald Trump tweeting over the weekend that he’s working to get China's ZTE "back into business" following U.S. sanctions. You’ll recall that last month the U.S. Department of Commerce said it would block sales to ZTE by U.S. companies of components, after ZTE was deemed to have violated conditions placed on it with respect to prior violations of sanctions on Iran. Trumps tweets over the weekend appear to have prompted Chinese authorities to re-open their review of Qualcomm’s (QCOM) purchase of NXP Semiconductors (NXPI).
Mr Jacobs is the former chairman and chief executive of Qualcomm, son of its founder and an electrical engineer with dozens of patents to his name, giving him credibility in a company that has played a critical if backstage role in the smartphone revolution.
ZTE paid over $100 million each to Qualcomm Inc, Broadcom Inc, Intel Corp and Texas Instruments, the official said. As one of the world's largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm and Intel for components.
Options traders appear to be getting bullish on shares of Broadcom Inc. ( AVGO) just as the analysts have been lowering their outlook for the stock. Options traders are betting shares of Broadcom rise about 12% to $270 by mid-June. The poor stock performance has been a reflection of weak demand for its essential products in its smartphone business.
Previously in this series, we discussed Microsoft’s (MSFT) balance sheet strength and its significant overseas cash reserves. Citing a CreditSights report, MarketWatch reported that many companies, including Apple (AAPL), Broadcom (AVGO), and Microsoft (MSFT), would be halting their practice of issuing bonds to fund dividends and share buybacks, using overseas cash reserves instead. According to CreditSights, this “synthetic repatriation” has boosted the tech sector, which has grown faster than the overall market—it stood at $500 billion at the end of 2017.
Here are some things going on today in the world of tech: Not a Peep About Facebook's Re-org Facebook (FB) stock is up $2.22, or 1.3%, to $181.14, after announcing its re-organization last night into three divisions, including a team that will be dedicated to working with the blockchain technology, as my colleague Jonathan Swartz related. Match Critiques Facebook Dating One thing that is getting talked about a bunch is how Match Group (MTCH), owners of the Match.com and Tinder dating properties, will be affected by the revelation last week that Facebook is going to add capabilities to facilitate hook-ups among its users. Match stock is down 33 cents, or 1%, to $35.99, despite the company beating expectations last night with $407 million in revenue and 26 cents in earnings per share, against expectations for revenue of $385 million and EPS of 23 cents, and beating with its forecast as well.
SAN JOSE, Calif., May 08, 2018-- Broadcom Inc., a leading semiconductor device supplier to the wired, wireless, enterprise storage, and industrial end markets, today announced it will report its second ...