|Bid||0.00 x 4000|
|Ask||0.00 x 2900|
|Day's Range||43.86 - 45.17|
|52 Week Range||40.40 - 57.60|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||15.87|
|Forward Dividend & Yield||1.20 (2.61%)|
|1y Target Est||N/A|
JERUSALEM (Reuters) - U.S. Treasury Secretary Steven Mnuchin praised investment opportunities in Israel on Sunday and said Washington would increase its participation in infrastructure projects there. ...
U.S. Treasury Secretary Steven Mnuchin praised investment opportunities in Israel on Sunday and said Washington would increase its participation in infrastructure projects there. "We have a very important relationship with Israel. This is really a great place for investments, particularly technology investments," Mnuchin, launching a Middle East tour, told reporters in Jerusalem.
There's some risk in such a move, since Micron is committing to upping its exposure to a NAND flash memory market being hit by major price declines that might last well into 2019. The option is exercisable on Jan. 1, 2019, and Micron says the deal will close six to 12 months after. In a statement, Intel suggests the timing of the deal's closing is at its discretion for up to a year after the option is exercised, while indicating it long expected Micron's decision.
The big question with semiconductor stocks at the moment is simple. The gains in chip stocks starting in early 2016 came in part due to a belief that they weren’t. On Thursday, Goldman Sachs gave its opinion, and, with one key exception, it was mostly bearish.
AMD stock has rallied hard this year, but increased competitive pressure from Intel may wipe away some of those gains, according to a report from New Street Research.
Wells Fargo Securities analyst Aaron Rakers maintained an Outperform rating on Micron with a $63 price target. Credit Suisse analyst John Pitzer maintained an Outperform rating and $90 price target. For Intel, the sale is relatively neutral, with the company now likely to accelerate the production of 3-D Xpoint at its Dalian NAND facility, the analyst said.
The search for software stocks to buy provides both opportunities and challenges. With a little research, investors can find these software stocks before valuations move too high. Progress Software (NASDAQ:PRGS) provides software-based security solutions via the cloud.
Western Digital’s (WDC) stock price has declined significantly since March, driven by concerns over falling memory chip prices and the tariff war. This trend has made Western Digital and other semiconductor stocks cheaper.
Texas Instruments (TXN) has been improving its profit margins by increasing its revenue and reducing production costs. The company’s main focus is on increasing its earnings and free cash flow per share. Texas Instruments expects its third-quarter EPS to rise 20.6% YoY to $1.52 (including an estimated discrete tax benefit of $10 million). Analysts expect Texas Instruments’ EPS to increase to $1.53 in the third quarter and to $1.38 in the fourth quarter, resulting in its EPS rising 56.7% YoY to $5.66 in fiscal 2018.
The venture produces 3D XPoint flash memory, which Micron says is 1,000 times faster than NAND memory. Micron CEO Sanjay Mehrotra predicted that the technology will be an "essential solution for new data-hungry applications," in a press release announcing the deal. Intel noted that Micron's statement is a pre-announcement, and would cause no near-term changes in its plans.
Intel (INTC) has been improving its profits by investing in areas that either grow fast such as modems and memory or have high ASPs (average selling prices) such as server CPUs (central processing units). While Intel stock remains low, its profits are increasing, thus improving its overall efficiency ratio. A company’s RoE (return on equity) shows the net profit it can generate from shareholder equity in a particular time period.
In addition to being involved in the industrial and enterprise markets, Texas Instruments (TXN) caters to companies that make consumer electronics such as PCs, handsets, TVs, and home appliances. In 2017, the company earned 25% of its revenue from the personal electronics market. In the second quarter, the company’s personal electronics revenue grew by low-single digits as strength in some sectors was offset by weakness in others.
Intel’s (INTC) strong fundamentals and lower stock price could make it an attractive stock for long-term investors who search for cheap stocks with strong growth potential. A stock’s valuation is determined by measuring a stock’s current trading price against fundamentals such as revenue and EPS. On October 12, Intel had a PS ratio of 3.27x, which is lower than Advanced Micro Devices’ (AMD) and Nvidia’s (NVDA) ratios of 4.0x and 12.6x, respectively. Analysts expect Intel’s sales to rise 10.8% YoY (year-over-year) in 2018.
After taking a fresh look at hard disk drive manufacturer Western Digital WDC , we are maintaining our no-moat and negative moat trend ratings. Western Digital is one of two leaders in the hard disk drive market and, with the purchase of SanDisk in 2016, has become a significant player in the NAND flash market. The company has invested significant resources in successfully negotiating the technological transition from HDD to flash storage.
Micron Technology Inc. ( MU) plans to buy out Intel Corp.’s ( INTC) share of their flash memory joint venture. In a press release, the chipmaker said it decided to exercise its right to take full control of IM Flash Technologies when the option becomes available Jan. 1, 2019. The deal, which is expected to take between six and 12 months to complete, requires Micron to pay $1.5 million in cash and a further $1 million to cover Intel’s debt in the venture.
The deal terms include payment of about $1.5 billion in cash, as well as taking over Intel's debt to the venture, which was about $1 billion as of Aug. 30, Micron said. Intel and Micron initially contributed about $1.2 billion each to set up IM Flash Technologies in 2006. IM Flash (Intel-Micron Flash) makes 3D XPoint used in data centres and high-end computers and the joint venture is already consolidated in Micron's reported financial statements.
The deal terms include payment of about $1.5 billion in cash, as well as taking over Intel's debt to the venture, which was about $1 billion as of Aug. 30, Micron said. Intel and Micron initially contributed about $1.2 billion each to set up IM Flash Technologies in 2006. IM Flash (Intel-Micron Flash) makes 3D XPoint used in data centers and high-end computers and the joint venture is already consolidated in Micron's reported financial statements.
On October 25, Western Digital (WDC) plans to announce its earnings for the first quarter of fiscal 2019, which ended on September 28. The stock prices of Micron Technology (MU), Seagate Technology (STX), and Intel (INTC) are expected to increase 19.0%, 13.0%, and 12.0%, respectively, in their current quarters. Western Digital expects its non-GAAP EPS to fall 14.6% year-over-year to $3.04 from $3.56 in the first quarter of fiscal 2018. Analysts have a low EPS estimate of $2.65 and a high EPS estimate of $3.13 for WDC in the first quarter of fiscal 2019.
Micron Technology Inc. said late Thursday it plans to buy out Intel Corp.'s share of a flash memory joint venture between the two chip makers. Micron expects to pay Intel $1.5 billion for its stake of the IM Flash joint venture. Micron expects to close the deal in six to 12 months after it is able to exercise call options on Jan. 1. As recently as July, Micron and Intel announced they'd complete work by the first half of 2019 on developing the second generation of 3D XPoint technology, which is meant to improve storage performance and reduce server memory costs. "Micron's acquisition of IM Flash demonstrates our strong belief that 3D XPoint technology and other emerging memories will provide a unique differentiator for the company and be an essential solution for new data-hungry applications," said Sanjay Mehrotra, Micron president and chief executive, in a statement. The companies will continue to jointly manufacture 3D XPoint memory products at a Lehi, Utah-based facility until the deal closes. Back in 2012, Micron and Intel had expanded the flash memory joint venture.