155.68 +0.94 (0.61%)
After hours: 5:00PM EDT
|Bid||154.20 x 800|
|Ask||155.29 x 800|
|Day's Range||152.51 - 155.27|
|52 Week Range||149.02 - 234.88|
|PE Ratio (TTM)||11.75|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||4.40 (2.83%)|
|1y Target Est||235.10|
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to begin learning about how toRead More...
Stock futures: Micron earnings topped views, but shares fell on weak guidance due to Trump tariffs. Other chip stocks fell, though Texas Instruments rose on a buyback-and-dividend hike.
Prior to its fiscal fourth-quarter 2018 earnings report, Micron (NASDAQ:MU) faced a make-or-break moment. Prior to yesterday’s earnings report, MU stock traded hands as high as $47.22. In the company’s previous earnings report (fiscal Q3 2018), it delivered a resounding beat across the board.
Lam Research Corporation (LRCX), a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, today announced the recipients of its 2018 Supplier Excellence Awards. Selected from Lam’s extensive list of preferred global suppliers, the companies were recognized for their outstanding performance, strategic services, and critical collaboration. “Our top suppliers make it possible for us to provide exceptional, industry-leading products and services to our customers,” said Tim Archer, president and chief operating officer of Lam Research.
Chips stocks are about 5% off their 2018 highs based on the iShares Semiconductor ETF ( SOXX). Now, technical analysis suggests some of these stocks may be oversold and are due for a short-term bounce. Shares of Applied Materials Inc. ( AMAT) and Lam Research Corp. ( LRCX) are more than 33% off their highs. Meanwhile, stocks such as Skyworks Solutions Inc. ( SWKS) and Texas Instruments Inc. ( TXN) are down by more than 10%.
Qualcomm has been forced to defend its track record this year after upsetting some investors by rebuffing a $120 billion takeover bid from rival Broadcom Inc, failing to secure Chinese regulatory approval for its $44 billion acquisition of NXP Semiconductors NV, and failing to resolve a longstanding patent dispute with Apple Inc. Investors expressed dissatisfaction with the company last March when most of Qualcomm's board directors, including Chief Executive Steve Mollenkopf, were elected with voting support of less than 50 percent of the shares outstanding even though they were unopposed. Irene Rosenfeld, who stepped down last year as CEO of U.S. snack foods company Mondelez International Inc, and Martin Anstice, CEO of semiconductor equipment manufacturer Lam Research Corp, are in advanced talks to join Qualcomm's board, the sources told Reuters on Tuesday.
By Stephen Nellis and Sonam Rai (Reuters) - The United States will spare Apple Inc's Watch and other consumer gadgets from the latest round of tariffs on Chinese goods, according to a list of products ...
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a sportswear leader and a casino operator. Bearish calls included a media giant ...
About 800 bus drivers who provide transportation to multiple Silicon Valley tech campuses have reached a tentative agreement on a new contract.
In the latest trading session, Lam Research (LRCX) closed at $153.12, marking a +1.86% move from the previous day.
Western Digital stock has dropped 48% from its March highs. Western Digital has beaten consensus estimates on the top and bottom lines for nine straight quarters. Western Digital’s Q1 guidance implies that its revenue will be flat to down 2% year-over-year (though WDC has a history of guiding conservatively).
Tech stocks remained under pressure in afternoon trading Wednesday, although the Nasdaq composite moved off session lows. Semiconductor stocks fell hard.
Micron Technology Inc. is leading memory-oriented tech stocks downward in Wednesday’s session, after another analyst expressed concern about supply and demand in the industry.
Goldman Sachs lowered its coverage view Wednesday on the semiconductor capital equipment space from Attractive to Neutral and dropped its bullish stance on Lam Research Corporation (NASDAQ: LRCX ). The ...
Shares of Lam Research Corp. are down 3.1% in premarket trading Wednesday after Goldman Sachs analyst Toshiya Hari downgraded the stock to neutral from buy and cut his rating on the semiconductor capital-equipment industry to neutral from attractive. "While there was initially hope that Samsung's decision to push out DRAM spending was specific to the company and was related to node transition issues as opposed to supply/demand issues, we now envision a more broad-based correction in memory capex in 2019, as memory manufacturers digest what we perceive to be excess capacity in NAND and to a lesser extent DRAM," he wrote. Shares of KLA-Tencor Corp. , ASML Holding NV , and Applied Materials Inc. are all down in premarket trading as well. Lam shares are down 9.5% over the past 12 months, while the S&P 500 has gained 16% and the PHLX Semiconductor Index has risen 22%.
Micron Technology, Inc. shares slipped 3.7% as of 8:19 a.m. in New York. Goldman analyst Mark Delaney downgraded Micron to neutral from a buy, reducing his price target to $50 from $68. "Micron is one of these stocks that is at a crossroads, it's seen as one of the ultimate cyclical stocks.
After rallying to a two-month closing high last week, the semiconductors have run into a brick wall. Related names have been selling off following several negative analyst notes regarding DRAM and NAND prices.
J.P. Morgan analyst Harlan Sur argues that the selloff in chip-equipment names late last week appears to be an “overreaction.”
Names like Micron MU , Advanced Micro Devices AMD , Applied Materials AMAT and Lam Research LRCX sank Thursday. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, is concerned about the decline.
NEW YORK, NY / ACCESSWIRE / September 7, 2018 / U.S. benchmarks closed mostly lower on Thursday, with the Dow Jones remaining in the green, as internet and tech shares slumped. The Dow Jones Industrial ...
Shot Heard Round The World Much was made of yesterday's 168-page report released by JP Morgan. marking the 10th anniversary of the 2008 financial crisis. The report is a collection of opinion and perspective from 48 different qualified folks at the bank.