318.21 +1.46 (0.46%)
Before hours: 9:05AM EDT
|Bid||316.80 x 800|
|Ask||318.87 x 900|
|Day's Range||311.46 - 318.40|
|52 Week Range||155.67 - 331.58|
|Beta (5Y Monthly)||0.92|
|PE Ratio (TTM)||56.87|
|Earnings Date||Dec 05, 2019 - Dec 10, 2019|
|Forward Dividend & Yield||13.00 (4.10%)|
|Ex-Dividend Date||Jun 19, 2020|
|1y Target Est||348.78|
Relations between the United States and China have worsened over the last few years. The trade tariffs, the novel coronavirus, the Hong Kong security law, the closure of consulates, and China’s expansionist mindset have all contributed to the downturn in the US-China relations. The growing anti-US sentiment in the world’s most populous country could hurt American businesses […]
Let's see why these three dividend-paying tech stocks could be worth buying today. TSMC, the world's largest contract chipmaker, manufactures chips for companies including AMD, NVIDIA, Qualcomm, and Apple (NASDAQ: AAPL).
Broadcom Inc. (NASDAQ: AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced it will report its third quarter fiscal year 2020 financial results and business outlook on Thursday, September 3, 2020 after the close of the market. Broadcom's management will host a conference call at 2:00 p.m. Pacific Time on the same day to discuss these results and business outlook.
Inphi is in buy range while Semtech, Broadcom, Microchip Technology and Nvidia are near buy points as chip stocks have been market rally leaders.
There’s growing chatter that the graphics chip giant Nvidia is taking a serious run at buying the U.K.-based semiconductor design company, which SoftBank had acquired in 2016.
Broadcom Inc. (NASDAQ: AVGO) ("Broadcom" or the "Company") announced today that its pending offer to exchange any and all of its outstanding unregistered notes listed below that were originally issued in private placements for an equal principal amount of new issues of notes registered under the Securities Act of 1933, as amended, currently scheduled to expire at 11:59 p.m., New York City time, on July 31, 2020, has been extended until 11:59 p.m., New York City time, on August 7, 2020.
Apple Inc on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The results, which included iPhone sales some $4 billion above of analyst expectations, came on the same day that U.S. gross domestic product collapsed at a 32.9% annualized rate last quarter, the nation's worst economic performance since the Great Depression. With 60% of sales coming from international markets, the Cupertino, California-based company posted iPhone revenues of $26.42 billion, $4 billion above analyst expectations of $22.37 billion, according to IBES data from Refinitiv.
In the latest trading session, Broadcom Inc. (AVGO) closed at $308.85, marking a +0.49% move from the previous day.
(Bloomberg Opinion) -- Just 10 days ago, I noted that Taiwan Semiconductor Manufacturing Co.’s earnings and outlook served as proof that it’s truly the global king of chips. Since then, the company has grown even stronger, but more good news also increases the burden and will likely draw far more attention than it’s comfortable with.Being bigger and more indispensable sounds like a great position to be in. Yet that could also irk competition regulators, clients and governments that, amid a tech cold war, worry that one company may have become too powerful.The way that TSMC brushed off the pending loss of orders from Huawei Technologies Co. to raise its spending plan for the year is what had recently impressed me. Then last week, Intel Corp. revealed that its next, most-advanced chips would again be delayed, sending the American company’s stock down 16%. As colleague Tae Kim noted, investors have seen this movie before. Intel has slipped up too many times in recent years, allowing rival Advanced Micro Devices Inc. to take market share, and spurring Apple Inc. to drop Intel processors in favor of designing its own.Chief Executive Officer Bob Swan’s statement that manufacturing the chips could be outsourced made it worse. Once the global leader in both design and production, Intel would be eliminating its biggest competitive advantage against AMD — whose chips are made by TSMC — in their tussle over processors used in laptops, PCs and servers. The power shift was confirmed Monday morning. TSMC jumped by its 10% daily limit in Taiwan to a record high after the Taipei-based Commercial Times newspaper reported that Intel has placed an order for its 6 nanometer chips for next year. Not only would this be an unprecedented development for both client and supplier, the reported size of the contract — 180,000 wafers — is almost as large as that for long-time client AMD (200,000 wafers), which raised its own order. As a result, according to the newspaper, the manufacturer’s leading-edge capacity is fully booked for the first half of next year. A report in Taipei’s Economic Daily News meanwhile says that Apple will set up a display R&D plant within TSMC. Recent advances are starting to merge flat-screen display and semiconductor technologies, and the chipmaker finds itself at the center of the action.These new developments are where the responsibilities of TSMC’s crown will begin to weigh. It has a long list of clients whose needs must be met. Beyond Apple and Intel, global leaders including Nvidia Corp., Qualcomm Inc., MediaTek Inc. and Broadcom Inc. all rely on TSMC to churn out chips for the planet’s electronics devices. Great, except that expanding takes years and billions of dollars. Overbuild and you’re left with idle capacity that’s quickly depreciating and burning a hole in your income statement.Another thing to keep in mind is that for all of Intel’s woes, TSMC isn’t perfect, either.In 2012, Qualcomm struggled to supply a new line of chips to its own clients, smartphone brands, because the Taiwanese company was having trouble delivering on time. That spurred a search for alternative suppliers. Two years ago, a malware attack and a separate incident involving poor chemical quality at TSMC both caused delays. By all accounts, clients forgave, but probably won’t forget.Then there are regulators. The company told investors in 2017 that it was under preliminary investigation by the European Commission “concerning alleged anti-competitive practices… in relation to semiconductor sales.” The implication was that TSMC — holding more than 50% of the global contract-manufacturing market — is too big and powerful, with reports at the time suggesting that the U.S. Fair Trade Commission was also taking a look. While it seems both probes are on hold, there’s every chance that either could be dusted off and restarted should concerns increase.The company has only grown bigger since, and become an unwilling player in the U.S.-China tech cold war. It has sought to ease concerns that so much American semiconductor prowess and supply sits offshore by announcing that it will build a factory in Arizona. Former Intel executive Peter Cleveland and U.S. Chamber of Commerce policy director Nicholas Montella have been hired to beef up its U.S. lobbying team. After decades behind the scenes, TSMC is taking an ever-bigger share of the spotlight as one of the most famous and powerful technology companies in the world. So far, it’s managed to outsmart competitors, skirt antitrust regulators, and survive early rounds of the Washington-Beijing chill. This may make it a hero to investors and the ruler of its sector, but also creates a huge target. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
With zero interest rates and may companies cutting their dividends left and right amid COVID-19, where is one to turn for large and sustainable payouts? While consumer staples stocks also look like a good source of payouts, many such stocks have been bid up to rather expensive levels, and their dividend yields have shrunk. On the other hand, the technology sector has held up fairly well amid COVID-19 thus so far.
(Bloomberg Opinion) -- Nvidia Corp. has the money and motive to buy British chip designer Arm Ltd. But as much as Arm’s parent SoftBank Group Corp. may be open to a transaction, this particular combination may not be its first choice.Santa Clara, California-based Nvidia, a leading maker of graphics processing units, has in recent weeks approached SoftBank about a deal for Arm, Bloomberg News reported on Wednesday. A takeover would be the biggest ever of a semiconductor company, even after a five-year, $270 billion spree of industry consolidation.Strategically, a deal would make sense for Nvidia Chief Executive Officer Jensen Huang, making the company a one-stop shop for his customers. Every graphics processor chip Nvidia currently sells requires another general processor chip, the technology in which Arm specializes. And Huang has often spoken bullishly about prospects for the so-called internet of things, where small networked sensors and devices become pervasive. Arm-based chips are power-efficient and small, matching his vision.What’s more, Nvidia can afford it. New Street Research analysts estimate that Arm might be valued at $44 billion in a year’s time, when an IPO is mooted. Even after completing the $6.3 billion acquisition of Israel’s Mellanox Technologies Ltd. in April, Nvidia has a net cash position and plenty of capacity to raise new debt. But Huang may not even need to touch his cash pile: Nvidia’s stock is a valuable currency after a 77% surge this year that values the firm at $256 billion.SoftBank has been exploring a sale or stock listing of Arm, which it acquired for $32 billion in 2016. But the nature of Arm’s business makes any outright acquisition by a chipmaker a difficult proposition, as Bloomberg Intelligence analyst Anand Srinivasan has pointed out. The Cambridge, England-based firm licenses its designs for central processing units to many of the world’s chipmakers to adapt. These include Advanced Micro Devices Inc., Qualcomm Inc., Samsung Electronics Co., Broadcom Inc., and plenty more besides. Arm-based CPUs are the brains for most of the world’s smartphones.That also means that an acquisition by a chipmaker poses a significant regulatory challenge, because of the power it gives the new owner over its own competitors. That’s no different for Nvidia. Even though its core business is in graphics processing units, rather than CPUs, it competes with many of the firms that use Arm designs.SoftBank is under pressure from the activist investor Elliott Management Corp. to reduce the gap between the value of its holdings, which include a $172 billion stake in the Chinese e-commerce giant Alibaba Group Holding Ltd., and its own enterprise value. It may therefore want to avoid a deal that would attract drawn-out regulatory scrutiny, with no guarantee of success.An easier proposition for regulators might be a combination with Cadence Design Systems Inc. It, too, specializes in the intellectual property behind semiconductors, but Cadence doesn’t compete with Arm or its customers. Perhaps coincidentally, its CEO Lip-Bu Tan joined the SoftBank board just last month. An all-stock merger with Cadence would likely see SoftBank retain a majority stake in a new publicly traded entity. Nvidia might want a deal, but SoftBank may have better alternatives.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
What happened Shares of Synaptics (NASDAQ: SYNA) have popped today, up by 8% as of 12:10 p.m. EDT, after the company announced yesterday evening that it will acquire DisplayLink. The deal will strengthen Synaptics' video interface technology.
Tech stocks have emerged as winners of the stock market for the first two decades of the 21st century. One would suspect that the trend should continue into the third, considering how the sector has grown over the years.With the growing influence of technology in different industries, tech stocks have evolved from being mere speculative picks to now being viable options for consistent blue-chip growth.Tech stocks have outperformed the broader market amidst the economic havoc created by the novel coronavirus. The sector has provided 37% returns to its investors in the past 12 months compared to the 10% provided by the S&P 500.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Growth Stocks That Are Being Propped Up By Low RatesHowever, not every tech stock has performed well on the stock market in the past year. The pandemic has impacted certain tech stocks more than others, and the article looks to explore the tech stocks that need to be careful going forward. These stocks include the following: * GoDaddy (NYSE:GDDY) * Black Knight Inc. (NYSE:BKI) * NortonLifeLock Inc. (NASDAQ:NLOK) Tech Stocks: GoDaddy (GDDY)Source: dennizn / Shutterstock.com GoDaddy is one of the largest internet hosting and domain registrar companies in the world. It was founded in 1997 by Bob Parsons and is headquartered in Scottsdale, Arizona. As of April, it was handling over 18.5 million customers and employs over 7,000 employees worldwide.Over the past month, GDDY stock shed 8.8% of its value. The company witnessed a 9% drop on June 24, when it announced that it would be implementing a restructuring program impacting 814 employees. The restructuring comes in the wake of the challenges the company faces in its outbound sales.According to the company, outbound sales have not been effective during the Covid-19 pandemic. Therefore, 814 employees would have to be relocated, laid off or transitioned to a different position within the company.GoDaddy will have to incur approximately $15 million in pre-tax charges from restructuring, which consist of severance payments and related costs. It will also have to recognize impairment expenses related to specific lease assets valued at $58 million. These measures have negatively impacted GDDY stock, and the company needs to ensure that the cost savings are re-invested to generate higher sales soon. NortonLifeLock (NLOK)Source: rafapress / Shutterstock.com NortonLifeLock is an American software company that specializes in the provision of cybersecurity software and services. It is headquartered in Tempe, Arizona, and was founded in 1982 by Gary Hendrix. It is a member of the S&P 500 stock market index and is a Fortune 500 company.NLOCK stock shed 5.2% of its value in the past month. This is surprising because the company delivered better than expected results in its fourth quarter of fiscal 2020. Though revenues declined by 0.5% year-over-year, the company beat the consensus estimates. * 10 Work-From-Home Stocks That Are Beating the PandemicManagement expects low-single-digit bookings growth for the rest of the year, due to the pressures exerted by the pandemic.NLOK stock lost 20% of its value between Feb. 19 and March 23 when the broader market lost 34% in the same period.I believe that Norton's recent decisions have put it in a tough spot. It sold its enterprise security business to Broadcom (NASDAQ:AVGO) last year and is squarely focused on the consumer security segment, which hasn't benefited it that much. Hence, it needs to rethink its strategy from a consumer and enterprise perspective. Black Knight (BKI)Source: Shutterstock Black Knight is an American corporation that provides integrated technology, services, data sets along with analytics to real estate industries. It is headquartered in Jacksonville, Florida, and was founded in 2014.Last month, BKI stock shed 6.8% of its value. The company recently announced posted healthy first-quarter numbers but revised its full-year outlook downward. The company has witnessed lower foreclosure-related volumes in its specialty servicing software business and was forced to lower its guidance for the year.The company is now calling on earnings to be between $1.90 to $1.97, down from $1.97 to $2.06.As of this writing, Muslim Farooque did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 3 Tech Stocks That Need To Be Careful appeared first on InvestorPlace.
While the world at large tries to put itself back together from the fallout caused by COVID-19, the semiconductor industry is doing more than just fine. Several reports from network infrastructure giant Broadcom (NASDAQ: AVGO) and memory chip maker Micron Technology (NASDAQ: MU) provided an early indication that several years' worth of technology development is getting compressed into 2020 due to the pandemic. The world's largest chip manufacturing outfit, Taiwan Semiconductor (NYSE: TSM), is perhaps the best proof yet of this.
Finding top semiconductor stocks to buy involves understanding the health of markets that purchase chips for their products. Chip stocks have risen on signs of a 2020 market recovery.
Semiconductor firm Broadcom is poised for a major upside breakout. Let's check the charts and indicators to see if we can arrive at a technical strategy. In this daily bar chart of AVGO, below, we can see that prices made a dramatic "V" bottom in March.
Broadcom (NASDAQ: AVGO) is about to pocket hundreds of millions of dollars by divesting a set of internet of things (IoT) assets. The buyer, human interface hardware and software maker Synaptics (NASDAQ: SYNA), has signed an agreement to buy "certain assets and manufacturing rights" connected to Broadcom's IoT products. The price is roughly $250 million, Synaptics said in its press release trumpeting the deal.