|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||232.12 - 238.32|
|52 Week Range||219.77 - 285.68|
|PE Ratio (TTM)||12.72|
|Earnings Date||May 30, 2018 - Jun 4, 2018|
|Forward Dividend & Yield||7.00 (2.92%)|
|1y Target Est||321.50|
STMicroelectronics (STM) is scheduled to hold its annual meeting of shareholders on May 31, 2018. Shareholders will be voting on several proposals, including leadership-related matters. They will be discussing cash dividend distribution, the appointment of Jean-Marc Chery as CEO, and the reappointment of certain supervisory board members.
Chipmaker QUALCOMM, Inc. (NASDAQ:QCOM) has been on a wild ride over the past several months. The shares were in a down-trend for most of 2017 until Broadcom Inc (NASDAQ:AVGO) acquisition rumors emerged in October, sending QCOM stock from $50 to $70 in a hurry. Qualcomm stock dropped.
Apple Inc.'s ( AAPL) stock has come back into the spotlight with worries about iPhone demand suddenly resurfacing. It has lead to analysts trimming their estimates for Apple and the stock falling nearly 7% and almost $60 billion wiped off its market cap since April 19. Taiwan Semiconductor Manufacturing Co. Ltd. ( TSM) issued second-quarter revenue guidance that came in lighter than analysts had been forecasting, due to weak smartphone demand. The recent developments have caused shares of Apple and many of its suppliers to fall sharply.
The San Diego-based chip company is paring back its Silicon Valley workforce as it reduces headcount in efforts to cut spending.
And its as the world turns in chips ... Just as the US gave Broadcom's deal with Qualcomm the kibosh, China is now concerned about Qualcomm’s $44 Billion deal to buy NXP Semiconductors - with a commerce ministry spokesman claiming there are "related issues that are hard to resolve," and that it would be difficult to "eliminate the negative impact"... Andy a cryptic statement, coming with the backdrop of a burgeoning trade war with the US and China - what's going on here?
Keith Bliss of Cuttone and Company joins Yahoo Finance editor-in-chief, Andy Serwer, Seana Smith and Julia LaRoche to discuss the latest market moves.