|Bid||191.51 x 200|
|Ask||192.39 x 100|
|Day's Range||189.99 - 195.06|
|52 Week Range||139.24 - 234.88|
|PE Ratio (TTM)||21.08|
|Earnings Date||Apr 16, 2018 - Apr 20, 2018|
|Forward Dividend & Yield||2.00 (0.97%)|
|1y Target Est||260.45|
The week ahead will bring earnings reports from a bunch of closely watched chip stocks including AMD, Intel, Qualcomm and Texas Instruments.
Stocks rallied early in the week on rising oil prices and Netflix earnings. But they erased almost of their gains on chip warnings and Apple iPhone fears.
Applied Materials (AMAT), which is an American corporation that supplies equipment, services, and software for semiconductor manufacturing, was among the S&P 500’s top losses on April 19. Applied Materials started this week on a stronger note but lost strength as the week progressed. Applied Materials opened the day lower on Thursday and declined to nine-week low price levels.
The S&P 500’s top losses on April 19 were: Philip Morris International (PM) declined 15.6%. Align Technology I (ALGN) declined 8.8%. Lam Research (LRCX) declined 6.6%. United Rentals (URI) declined 6.5%. Applied Materials (AMAT) declined 6.5%. Philip Morris International
NEW YORK, NY / ACCESSWIRE / April 20, 2018 / U.S. markets slipped Thursday as tech and consumer staples sectors disappointed investors. The Dow Jones Industrial Average declined 0.34 percent to close at ...
After a few strong days in the stock market, equities are coming under pressure Thursday. Earnings results from Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) and Lam Research Corporation (NASDAQ:LRCX) are not inspiring much confidence in the semiconductor space, weighing on names like Apple Inc. (NASDAQ:AAPL) and the rest of tech. With that in mind, let’s see what stock trades are setting up for Friday.
TSMC, the world's largest contract chipmaker and a major Apple supplier, revised its full-year revenue target to the low end of its earlier forecast. "Apple represents nearly 20 percent of TSMC's revenue so the outlook potentially points to weaker-than-anticipated iPhone demand," Atlantic Equities analyst James Cordwell told Reuters. Others, some asking not to be quoted, said baldly that the warning was "exactly" about Apple.
Going through transcripts of tech earnings calls and conference talks to uncover insights requires patience and a willingness to quickly scroll past financial minutiae and PR fluff. Here are some noteworthy takeaways from recent earnings calls and conference remarks made by major chip and chip equipment suppliers.
Taiwan Semiconductor (TSM) missed and warned today. They lowered 2Q revenue guidance to $7.8-$7.9 billion. The street was at $8.82 billion. They blamed it on smart phone slowing. Mizuho securities also warned today that Apple’s (AAPL) forward guide would have to come down as well.
Wall Street edged higher in a volatile morning session on Wednesday as industrial stocks gained on strong results from some marquee companies and a jump in oil prices boosted energy stocks. The gains were kept in check by technology shares, which were hit by a 7.2 percent slump in IBM after the company's margins missed estimates and by a slump in semiconductor stocks.
Shares of several major semiconductor industry stocks were down in early morning trading Wednesday after the latest quarterly earnings reports from equipment suppliers ASML Holding (ASML) and Lam Research (LRCX) caused hesitation.
Shares of Lam Research fell Wednesday after the chip-equipment maker gave a disappointing outlook for shipments for the rest of the year.
ASML (ASML), makers of the cutting edge lithography equipment used to make the most advanced chips, is down $4.88, or 2.3%, at $207.82, despite an upbeat earnings report and outlook this morning, echoing the decline in shares of Lam Research (LRCX) last night, after that company also beat on both report and outlook. This report was supposed to be a nail-biter for ASML investors, because of worries of push-outs of equipment sales, but it looks like things turned out just fine. ASML this morning reported Q1 revenue of €2.29 billion, and EPS of €1.26, beating the average estimate for €2.23 billion and €1.17.
Intuitive Surgical and United Continential were among the leaders in early trade Wednesday, while tech stocks including Lam Research and IBM took a beating.
It was a strong Tuesday for U.S. equities as analysts forecast a 17.3% first-quarter earnings entering into earnings season. The S&P 500 Index surged 1.1%, the Dow Jones Industrial Average gained 0.9% and the Nasdaq Composite was up 1.7% by day’s end.
The Zacks Analyst Blog Highlights: IBM, United Continental, Lam Research, CSX and Intuitive Surgical