HPQ - HP Inc.

NYSE - NYSE Delayed Price. Currency in USD
+0.45 (+2.42%)
At close: 4:00PM EDT
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Previous Close18.63
Bid18.98 x 800
Ask19.08 x 800
Day's Range18.83 - 19.19
52 Week Range18.06 - 27.08
Avg. Volume9,320,077
Market Cap28.74B
Beta (3Y Monthly)1.14
PE Ratio (TTM)7.72
EPS (TTM)2.47
Earnings DateAug 22, 2019
Forward Dividend & Yield0.64 (3.44%)
Ex-Dividend Date2019-09-10
1y Target Est23.08
Trade prices are not sourced from all markets
  • Is There An Opportunity With HP Inc.'s (NYSE:HPQ) 35% Undervaluation?
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    Is There An Opportunity With HP Inc.'s (NYSE:HPQ) 35% Undervaluation?

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  • HP (HPQ) Earnings Expected to Grow: Should You Buy?

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  • Trump Tumult Has Gadget Giants Splitting Along U.S.-China Lines

    Trump Tumult Has Gadget Giants Splitting Along U.S.-China Lines

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Even the unseasonable downpour couldn’t dampen the spirits of the executives and officials gathered on the Indonesian island of Batam to cut the ribbon on a new Pegatron Corp factory. The men exchanged jokes as they took shelter under a white canopy, and when company vice chairman Jason Cheng pledged to hire hundreds of locals, the assembled audience erupted in applause.This low-key July ceremony to launch a manufacturing outpost marked a critical first step into Southeast Asia for one of Apple Inc.’s most important suppliers. It also encapsulates a fundamental move of electronics production, set in motion by the escalating U.S.-China trade war, that may hurt the world’s No. 2 economy while enriching Southeast Asia and beyond.“Pegatron, and many more to come, is an opportunity,” Edy Putra Irawady, head of a local agency charged with enticing capital, told the crowd. “Batam has prepared various incentives to chase the opportunity and attract more investment.” Irawady is one of many making preparations for the most profound shift in global manufacturing since the advent of the made-in-China model in the 1980s: its potential dismantling.Trump’s flip-flops on trade, including a backtracking just this week on threats to slap punishing tariffs on $300 billion of goods, are spurring an exodus from China of manufacturers. Some recognize that U.S.-Chinese tensions won’t fade soon, while others are just tired of the uncertainty. In one of the most dramatic responses since Trump first brandished full tariffs, HP laptop-maker Inventec Corp. declared plans to move its entire U.S.-bound laptop operations from China to its home base of Taiwan within months. “The trade war is very painful for us,” President Maurice Wu said.Like Pegatron, the makers of the world’s electronics are increasingly rushing out of the way of Trump-administration tariffs on Chinese-made goods. Server motherboard makers for Google and Amazon.com Inc. are already shifting to Taiwan. Even Apple Inc., whose gargantuan Chinese production machine hires more people than any other private employer, is testing the waters. GoerTek Inc., for one, is trying out production of AirPods in Vietnam, people familiar said. A GoerTek representative declined to comment on the specifics of its Apple business but said the company will gradually make several products in both China and Vietnam.The U.S. president’s campaign of tariffs and export restrictions against Chinese champions like Huawei Technologies Co. threatens to up-end the production of the world’s electronics, from iPhones and laptops to 4K televisions. The decades-old supply chain is starting to split in two: one beyond China’s borders that serves American concerns, and another within the world’s most populous country that caters to local consumers.It’s something Foxconn’s billionaire founder, Terry Gou, calls “G2” or the emergence of two competing global standards created by China and the U.S. Gou -- who as Apple’s main production partner helped pioneer the made-in-China model -- has volunteered to “help the U.S. reshape a new supply chain.” Young Liu, Gou’s successor, told shareholders the company could make every U.S.-bound iPhone outside of China if it had to.While U.S.-based companies seek alternatives beyond mainland China, their counterparts in China likewise are “de-Americanizing” their supply chains, reducing their reliance on American core technology for fear they will suffer the same fate as Huawei. The company is now hunting for Asian and European component makers to reduce its dependence on U.S. firms from Google to Micron.In August, Huawei approved Taiwan-based wifi module maker RichWave Technology Corp. to supply parts that U.S. wireless semiconductor company Skyworks used to provide. Analysts including Kevin Chen of Taipei-based President Capital Management say Huawei is increasingly looking to Taiwan’s Win Semiconductors to manufacture radio frequency chips previously supplied by Skyworks and compatriot integrated circuits maker Qorvo.“Both U.S. and Chinese companies are diversifying their supply chains due to similar reasons -- to mitigate geopolitical risks,” said Gordon Sun, director of the Taiwan Institute of Economic Research’s Macroeconomic Forecasting Center.Mere months ago, it seemed as if China had a virtual lock on the business of making the world’s electronics -- an arrangement that benefited not just tech juggernauts from Dell Technologies Inc. to HP Inc. but also ensured jobs for millions across the country and fostered the growth of a massive domestic manufacturing industry.While there’s little chance that China will fully cede its mantle as the world’s electronics workshop anytime soon, the outward-bound trend is accelerating. That’s because the household names that built the technology industry’s global supply chain aren’t waiting to see how the conflict turns out.Delta Electronics Inc., which makes power and cooling components for clients like Microsoft Corp. and Huawei, is moving some production back to its home base of Taiwan and to Thailand. It’s also taking the unusual step of building three to four plants in India, responding to Prime Minister Narendra Modi’s Make-in-India program.Modi’s efforts to drive foreign companies to source components locally is showing success. Foxconn will start to churn out iPhones in the country this year after its print circuit board affiliate and Apple supplier Zhen Ding Technology Holding announced plans to invest there late last year. Luxshare Precision Industry Co., another Apple supplier, is considering moving some production of cables and connectors to India as well, according to people familiar, with one saying Apple made the request to the Chinese company. Calls to a number listed on the Luxshare website went unanswered and the company did not respond to an email seeking comment. Chinese smartphone brands including Huawei, Oppo and Xiaomi are all making handsets in India.It’s not just U.S.-China tension that keeps supply chain executives up at night. Politically motivated trade protectionism may be spreading. Japanese curbs on the export of vital chip- and display-making materials to South Korea -- the latest manifestation of lingering tensions stretching back to colonization by Tokyo and World War II -- threaten to further splinter the industry. If unresolved, that dispute may hinder efforts to sate the enormous appetites of Samsung Electronics Co. and SK Hynix Inc., expediting a production migration from Japan.Any shift won’t happen overnight. While moving assembly operations is unlike relocating a chip fabrication facility -- arguably the most expensive type of plant at $10 billion or more to set up from scratch -- the cost can run into millions of dollars and entails a plethora of issues from licenses to new regulations and hiring. That’s an additional burden that manufacturers with single-digit margins can ill afford.“Our net profit margin stands at a mere 1.4% in the first quarter. The tariffs are 25%. We simply cannot help our customers absorb those,” Quanta Computer Chairman Barry Lam said in May when talking about potential production shift and tariff impact.Despite Trump’s proclamations, the U.S. won’t get many of the jobs moving out of China. Taiwan and Southeast Asia are first in line to absorb any manufacturing exodus. Vietnam has become the largest beneficiary of the trade war in the 12-month period beginning in the first quarter of 2018, gaining 7.9% of GDP from trade diversion, Nomura said in a June 3 note.Batam, once a poverty-stricken corner of the Indonesian archipelago, is on the cusp of a boom thanks to abundant cheap labor and quick access to the adjacent trading hub of Singapore. Pegatron has poured $40 million into its newest Indonesian plant, which will produce networking gear for the U.S. market. It’s pledging to grow the workforce there from 40 people to as many as 1,800 eventually.“We’re very determined to invest more,” said Pegatron’s Cheng.\--With assistance from Gao Yuan, Arys Aditya and Adrian Leung.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum Murphy, Peter ElstromFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • HP (HPQ) Stock Moves -1.33%: What You Should Know

    HP (HPQ) Stock Moves -1.33%: What You Should Know

    HP (HPQ) closed the most recent trading day at $19.28, moving -1.33% from the previous trading session.

  • Tech Suppliers Shift Away From China Despite Trump Tariff Delay

    Tech Suppliers Shift Away From China Despite Trump Tariff Delay

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. HP Inc.-laptop maker Inventec Corp. said it will to shift production of notebooks for the U.S. market out of China within months, adding to the tech industry’s exodus as the world’s two largest economies escalate their trade war.Inventec plans to move its entire American-bound laptop operation to its home base of Taiwan within two to three months, President Maurice Wu said on a post-earnings call Tuesday. Wu’s company assembles Apple Inc.’s AirPods and produces notebook computers for HP, which accounts for an estimated third of its revenue.Underscoring the difficulty of making such long-term production decisions, President Donald Trump said just hours later that the U.S. would push back implementation of tariffs on Chinese-made laptop and other products to December from September. But tech companies aren’t waiting for a trade resolution. From Inventec to Apple-assembler Hon Hai Precision Industry Co., Taiwanese companies that make most of the world’s electronics are reconsidering their reliance on the world’s No. 2 economy as Washington-Beijing tensions simmer.“The trade war is very painful for us,” Wu said, concluding a call during which executives shared how production shifts have hurt the company’s efficiency and margins.Rising tariffs on Chinese-made products threaten to wipe out their margins and up-end a well-oiled, decades-old supply chain. Microsoft Corp., Amazon.com Inc., Sony Corp. and Nintendo Co. are said to be among those now weighing their options away from the line of fire, such as Southeast Asia and India. Alphabet Inc.’s Google has already shifted much of its production of U.S.-bound motherboards to Taiwan, Bloomberg News has reported.Inventec’s shift marks one of the most dramatic relocations since Trump announced his decision to slap 10% tariffs on $300 billion of Chinese imports -- including consumer gadgets from smartphones to notebooks -- originally slated for next month. Spurred on by clients, which include household names like Dell Technologies Inc. and Nintendo, many Taiwanese contract manufacturers are now drawing up contingency plans, shifting select assembly operations or exploring alternative venues.Analysts anticipate the tariff delay will have little impact on those plans.“While this announcement appears to provide incremental (and market-friendly) information as to how the White House is approaching trade policy, we do not believe it represents a substantial shift in the U.S.-China dispute,” Goldman Sachs analysts wrote in response. “Our broader expectation is that the U.S. and China are unlikely to reach a lasting agreement prior to the 2020 election that provides certainty around tariff rates on imports from China.”On Tuesday, Compal Electronics Inc. Chief Executive Officer Martin Wong said his company, a rival to Inventec, has also shifted some notebook lines to Taiwan and was considering investing more in Vietnam should tariff-conflicts persist. Quanta Computer Inc. Chairman Barry Lam told reporters Tuesday his company is definitely re-locating some business to Southeast Asia, though he didn’t mention a timeframe. Chief Financial Officer Elton Yang said Quanta will for now aim to satisfy customers’ demands for production outside of China with their Taiwan facilities.U.S. companies, long accustomed to using China as the world’s workshop, are looking to diversify their manufacturing operations as the uncertainty over volatile trade policy heightens and Beijing shows a willingness to clamp down on foreign firms within its own borders. It’s a shift that may herald a broader, long-term trend as Beijing and Washington continue to spar over everything from market access to trade.The trade war threatens to disrupt a complex global supply chain involving many countries beyond just China and the U.S. Many components that go into devices aren’t made in the U.S., despite being designed there. A phone chip designed by Apple may come out of a factory in Taiwan, then be packaged (a process that prepares it for integration into a circuit) somewhere else, before being shipped to China for assembly into an iPhone.Still, few major manufacturers have moved output in truly significant amounts and China’s status as the world’s production base for electronics is unlikely to diminish anytime soon. Foxconn Technology Group has said it has enough capacity to make all iPhones bound for the U.S. outside of China if necessary, although Apple has so far not asked for such a shift.(A previous version of the story was corrected to amend HP’s contribution to Inventec’s revenue)(Updates with Trump comments in fourth paragraph.)\--With assistance from Jeanny Yu.To contact the reporters on this story: Debby Wu in Taipei at dwu278@bloomberg.net;Cindy Wang in Taipei at hwang61@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • FAA Bans Recalled MacBook Pros From Flights

    FAA Bans Recalled MacBook Pros From Flights

    (Bloomberg) -- U.S. airline safety regulators banned select MacBook Pro laptops on flights after Apple Inc. recently said that some units had batteries that posed a fire risk.In a statement, the U.S. Federal Aviation Administration said it was “aware of the recalled batteries that are used in some Apple MacBook Pro laptops” and stated that it alerted major U.S. airlines about the recall.The watchdog also reminded airlines to follow 2016 safety instructions for goods with recalled batteries, which means that the affected Apple laptops should not be taken on flights as cargo or in carry-on baggage by passengers.The European Union Aviation Safety Agency issued a warning about these MacBook Pro models earlier this month, telling airlines in the region to follow 2017 rules that require devices with recalled lithium-ion batteries to be switched off and not used during flights.The Apple laptops in question are some 15-inch MacBook Pros sold between September 2015 and February 2017. Apple issued the recall in June, saying it had “determined that, in a limited number of older generation 15-inch MacBook Pro units, the battery may overheat and pose a fire safety risk.”This week, four airlines with cargo operations managed by Total Cargo Expertise -- TUI Group Airlines, Thomas Cook Airlines, Air Italy, and Air Transat -- implemented a ban, barring the laptops from being brought onto the carriers’ planes as cargo, according to an internal notice obtained by Bloomberg News.“Please note that the 15-inch Apple MacBook Pro laptop, sold between mid-2015 to February-2017 is prohibited on board any of our mandate carriers,” a TCE operations coordinator wrote to employees.A spokesperson for TUI Group Airlines said airport staff and flight attendants will start making announcements about these MacBook Pros at the gate and before takeoff. Laptops that have replaced batteries won’t be impacted, the spokesperson said. The company also posted a notice on its website banning the recalled computers on board, in both cargo and passenger areas of its planes. It’s unclear what efforts will, if any, be made at U.S. airports.“Customer safety is always Apple’s top priority, and we have voluntarily decided to replace affected batteries, free of charge,” Apple said in a June statement. Once new batteries are installed in the laptops, customers are free to fly with the computers.According to a Canadian notice from June, about 432,000 MacBook Pros sold in the U.S. were included in the recall. Roughly 26,000 units sold in Canada were impacted, too, while the number sold in Europe hasn’t been disclosed.In a July 10 tweet following an incident involving a MacBook, the FAA said “recalled batteries do not fly.”The MacBook Pro isn’t the first consumer tech device to be barred from airlines. In 2016, Samsung Electronics Co.’s Note 7 was banned from U.S. flights due to a fire hazard after the handset’s battery exploded in multiple incidents. Recently recalled laptops like those from HP Inc. may also be banned by the FAA’s rules.While there have been repeated incidents of phones, laptops and other devices overheating and catching fire in passenger compartments of planes, it hasn’t ever caused a fire to spread. The flames can be extinguished with water and flight attendants are trained how to address it. There have been at least three accidents, two of them fatal, on cargo airlines since 2006 in which lithium batteries were suspected of helping spread fires. Stricter rules on shipping them have been introduced since then.U.S. aviation regulations prohibit carrying recalled batteries on flights unless they’ve been replaced or stored in special packaging that inhibits fires, according to FAA guidelines on hazardous materials.\--With assistance from Richard Weiss.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Alan Levin in Washington at alevin24@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Mark MilianFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Look for More Upside in Xilinx Stock

    Look for More Upside in Xilinx Stock

    Xilinx (NASDAQ: XLNX) is a semiconductor company that has stayed competitive and thrived in this rough-and-tumble sector since 1984.That's a long time to remain a player in such a dynamic space, especially with big players ready to snap you up or destroy you at any opportunity. It's a testament to the company's leadership and vision that it has been able not only to survive but compete.Today, its client list hosts many big names in a variety of industries.InvestorPlace - Stock Market News, Stock Advice & Trading TipsXLNX started the year strong and nearly doubled its July 2018 price by May. But then the next round of the Chinese trade war happened. That took tech stocks down sharply. * 7 Stocks to Sell This Summer Earnings Season Wall Street doesn't like uncertainty. Not knowing they could sell chips to Chinese firms like Huawei and others created a lot of uncertainty. What's more, these are growth stocks. When one of the largest markets in the world is taken off your business list, it has significant implications.Planning around something like that is difficult. It's like rigging a ship for a hurricane but not knowing if the storm is going to be a glancing blow or a direct hit. Your contingency plans will slow you down regardless of the outcome.So, the market adjusted its expectations. And by June, it looked to be clear sailing, at least for a little while, as the Trump administration allowed some chip sales to China and both countries went back to the negotiating table.That doesn't mean there's no threat, but the sector is back under full sail. XLNX Stock Back on Path of GrowthFor XLNX in particular, this has helped revive its performance. In the past year, the XLNX stock is up 86%; year-to-date the stock is up 50%. What's more, the trailing PE on the stock is sitting around 36, so it's not even fully valued here, giving it plenty of headroom.And given the fact that it could be back on its growth path soon, that growth could come fast, especially as other sectors begin to tire in this environment.Moving forward, XLNX is a key player in very high-growth, strategically oriented sectors.In telecom, XLNX is key supplier Apple (AAPL) and there is a lot of buzz that its new generation of iPhones may revive its tiring line.In the data center world - cloud computing, big data, data warehouses, etc. - its strength with Hewlett Packard (HPQ), HP Enterprise (HPE) and Cisco Systems (CSCO) means it will be at the center of this massive and ongoing trend. This potential market is supposed to triple in the next three years or so.It's also a big player in the smart car space, with chip designs focused on driver assist systems. The concept is more complex than it sounds. But suffice it to say that in a connected world where XLNX chips are in the cars and in data centers, the leverage will be a compelling selling point to major smart car infrastructure firms.XLNX stock gets an A rating from my Portfolio Grader.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post Look for More Upside in Xilinx Stock appeared first on InvestorPlace.

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