|Bid||43.41 x 800|
|Ask||43.50 x 800|
|Day's Range||42.79 - 43.53|
|52 Week Range||28.39 - 64.66|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||3.96|
|Earnings Date||Jun 18, 2019 - Jun 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||46.47|
The end of the litigation between Qualcomm (NASDAQ:QCOM) and Apple (NASDAQ:AAPL) sparked a fire for both of those stocks and the semiconductor sector as a whole. The renewed bullishness for semiconductor stocks could continue through to the rest of the year for one good reason -- Apple and Qualcomm agreeing to end the litigation set the stage for friendlier times among technology firms ahead. Instead of fighting for high IP royalty rates, semiconductor stocks could forge multiyear supply deals with its customers.Sure, investors could risk overpaying for stocks by blindly assuming IP deals are coming. Fortunately, Apple is a big customer and has a high demand for components, benefiting semiconductor suppliers. * 5 Dividend Stocks Perfect for Retirees What are the five semiconductor stocks to buy for a spring charge?InvestorPlace - Stock Market News, Stock Advice & Trading Tips Semiconductor Stocks to Buy: Qualcomm (QCOM)Source: Shutterstock Qualcomm and Apple agreed to drop all litigation, including those with Apple's contract manufacturers. Instead, Apple will pay Qualcomm in addition to signing a six-year license agreement, effective as of Apr. 1, 2019. The companies have an option to extend the deal for another two years. Qualcomm disclosed that the deal will add $2 in incremental EPS.Even though QCOM shares rose 40% on the week, the company's fair value rises sharply thanks to the deal with Apple. At a recent price of $79, the stock is trading at a discount because the company could win more supply deals with the top Android phone makers. Competitors cannot afford to let Apple have the best technology and could order Qualcomm's latest chip solutions to stay ahead.In the near-term, QCOM stockholders get two immediate positive catalysts. First, uncertainties are no longer an overhanging to the stock because Qualcomm no longer needs to keep going to court. Second, Qualcomm has guaranteed a revenue stream for the next six years. That stability is worth paying for, especially in the cyclical semiconductor market. Intel Corporation (INTC)Source: Shutterstock The Qualcomm-Apple settlement led to shares of Intel (NASDAQ:INTC) rallying a few points. Intel announced that it would abandon 5G phone modem development. Previously, Apple was rumored to release a 5G iPhone in 2020 that used Intel's modem. But now that Apple has a deal that allows it to use Qualcomm's far superior modem instead. If Intel lost the modem business to Qualcomm, one would think INTC stock would fall, not rise.Intel's modems are generally inferior to that of QCOM-powered ones. By exiting this market, Intel will become less distracted from the mobile devices market. Instead, it may now turn its sights back on the more profitable business of CPUs in the PC and servers. * 10 S&P 500 Stocks to Weather the Earnings Storm Intel's valuations are very attractive, too. The stock trades at a trailing price-to-earnings ratio of 13x. Despite the worrying competition from Advanced Micro Devices (NASDAQ:AMD), Intel still has loyal customers on the consumer and business markets. Still, Intel has plenty of work ahead. It is behind on the 7nm chip manufacturing and its latest products are supply-constrained. This is putting a cap on its revenue growth for the near-term.Advanced Micro Devices (AMD)Source: Shutterstock Advanced Micro Devices is enjoying a nice uptrend that began at the start of 2019. Valuations are not that compelling, but markets are willing to pay a premium. AMD stock is undergoing a multiyear transition that led to multiple product launches across three main lines of business: server, desktop and graphics cards. All three of these products are potential growth generators for AMD.In the server space, EPYC's scalability and computing power give enterprise customers good value compared to Intel's Xeon chips. CEO Lisa Su may announce Ryzen getting a refresh with a third-generation release next month at Computex. As AMD discounts current-generation Ryzen CPUs for the PC and notebook markets, it could gain market share over Intel.In the GPU space, the announcement for Navi, a mid-range solution, could help AMD win back market share from Nvidia (NASDAQ:NVDA). Nvidia leaped ahead of AMD with a GTX 1660 Ti release a few months ago. Rumors that a GTX 1650 for just $149 could further Nvidia's lead over AMD. NXP Semiconductors (NXPI)Source: Elektor Labs via FlickrNXP Semiconductors (NASDAQ:NXPI) traded above $101 for the first time since Jul. 2018. The stock lost all its value when the Chinese government delayed approval of Qualcomm buying the firm. NXP then earned a break-up fee of $2 billion and proceeded to buy back billions of dollars' worth of its shares.Investors should look at NXPI stock again now that markets largely forgave the company for buying back stock at a higher price. Management has a five-year autonomous driving supply plan in place. And with more technology components in vehicles, NXPI will stand to benefit. At a 14.9 times trailing P/E and 11.2 times forward P/E, NXPI stock is an appropriate stock to buy for the spring 2019 session. * 7 Stocks to Buy for Spring Season Growth NXP is scheduled to reported earnings on April 29. The company's prudent cost management, design wins and supply deals in 2019 will attract more buyers to the stock, and its ability to focus back on its core strengths will drive the stock back to 52-week highs of over $122. And even at that level, the stock will trade at a discount relative to the free cash flow generation from its businesses. Micron Technology (MU)Source: Shutterstock Micron Technology's (NASDAQ:MU) downside third-quarter guidance failed to scare off investors as the stock rose 28.5% during the quarter. In its second-quarter report, Micron reported DRAM sales falling 28%. NAND did better year-over-year and up 2%. On a quarter-over-quarter comparison, NAND revenue fell 18%.Micron forecast third-quarter revenue of around $4.8 billion and EPS of between 75 cents and 95 cents. Both numbers are below consensus estimates. Unsurprisingly, several analysts issued "hold" or "sell" calls on MU stock in the last month, according to Tipranks. But collectively, the 25 analysts covering the stock have an average price target of $54.41, representing an upside of around 26%.Investors should add MU stock to their portfolios this spring for the simple reason that NAND and DRAM prices appear to be stabilizing. Markets adjusted to the U.S.-China tariffs now and place. A refresh in premium smartphones, ongoing demand for memory and high-speed storage for servers and the firming up of PC sales will benefit Micron in the current period.As of this writing, Chris Lau owned shares of NXP Semiconductors. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post 5 Semiconductor Stocks to Buy for a Spring Charge appeared first on InvestorPlace.
MKM Partners analyst Ruben Roy on Thursday reiterated his Buy rating for Micron shares, predicting its profitability will improve later this year.
Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on central banks Jeffrey Gundlach presented his views on central banks’ policies and how they impact investments during his interview with The
Here Are Some Secrets behind NVIDIA's Success(Continued from Prior Part)NVIDIA’s go-to-market strategyFor any business to grow, it needs a good product and a strong go-to-market strategy to put the product in the hands of the consumer. Many
WDC, MU, AMD among Top Gainers of the S&P 500 IndexWestern Digital stock soars on analyst ratingsThe April 16 trading session started with memory chip stocks among the top gainers of the S&P 500 Index (SPY). At the start of the trading
Are These Tech Stocks Overvalued after Nearing 52-Week Highs?(Continued from Prior Part)Stock returns The stock of semiconductor (SMH) company Analog Devices (ADI) has generated returns of 21% in the last 12 months. The stock, like the broader
Nomura Instinet analyst David Wong on Tuesday initiated coverage on Micron stock with a Neutral rating, predicting its profit margins will drop later this year.
Micron Technology, Inc. (NASDAQ: MU ) is back on track in 2019 after a rough 2018, but one Wall Street analyst says investors can expect more mixed performance from Micron shares ahead. The Analyst Nomura ...
Ups and Downs for Einhorn’s Greenlight Capital in Q1(Continued from Prior Part)Brighthouse FinancialThe most significant contributors to Greenlight Capital’s (GLRE) gains last year included Micron Technology (MU) and Twitter (TWTR). Its biggest
On the other hand, a smaller number of investors are convinced the market is heading to new highs and are aggressively buying technology stocks. In late 2007, we at the Arora Report said stocks were in trouble. The answer lies in Arora’s Third Law of Investing: Make investing and trading decisions based on probabilities because it’s the only realistic and profitable approach.
When you're looking for potential investments in the real world, you don't find companies with great management, a strong balance sheet and outlook, all available at a great price. Investing is hard work but highly rewarding for disciplined and patient investors. Investors who follow Micron Technology know that presently its visibility is poor.
Coming off a disaster 2018, Micron (MU) stock appears to be making a comeback. But this isn’t necessarily unexpected — Micron’s fall in 2018 was largely not their own fault, but a result of cyclical industry dynamics where oversupply and lower demand contributed to industry-wide lower selling prices and therefore revenue. In short, many expected the downturn to come (perhaps not as strongly as it did) and, naturally, also expect the industry to rebound. However, while Micron and the industry are both showing signs of life, Morgan Stanley analyst Joseph Moore has taken a big step backwards, downgrading MU stock to Underweight (from Equal-Weight) with a $32 price target, citing the stock’s 30% rally since January. (To watch Moore's track record, click here) While the analyst does believe ”optimism [around] cloud demand” is real, he still sees “DRAM remaining oversupplied throughout the year and into next…[with] NAND is closer to a bottom than DRAM.” As a result, estimates for “FY20 are 58% below consensus and we think there is higher likelihood of downside vs.upside to our numbers.”Inventory remains a major hurdle for Micron. Moore says “inventory climbing to 150 days (vs prior 25-year highs around 115 or so) by mid year is a significant negative…[as[ current inventory is future supply and where there is excess supply, prices and margins go down.” But bluntly, Moore says, “it should be axiomatic when investing in a commodity that producer inventory is supply that has a negative impact on pricing.”Now, with that said, Moore does believe “demand snaps back in 2h,” but it won’t be “enough to keep inventory from building during a period of seasonal strength, which is likely to be very bad for pricing and margins.” And he cautions the “snapback..[won’t be} as strong as some think,” and it will take more time before the industry is stable. Most of the Street is far more confident than Moore's bearish stance, with TipRanks analytics showcasing MU as a Buy. Based on 25 analysts polled in the last 3 months, 14 rate a Buy on Micron stock, while 8 issue Hold and 3 recommend Sell. The 12-month average price target stands at $46.50, marking a nearly 11% upside from where the stock is currently trading. (See MU's price targets and analyst ratings on TipRanks)To read more on the nitty gritty of what’s going on in the tech industry, click here. More recent articles from Smarter Analyst: * Jeff Bezos Is Leading Amazon (AMZN) in the Right Direction * Why Autonomous Could Be a Strong Driver for Nvidia (NVDA) Stock * Microsoft (MSFT) Stock's Big Rally Should Continue * Oppenheimer Still Sees 40% Upside for Tesla (TSLA) Stock
Q1 Earnings: Smaller Chip Companies to Take a Bigger BlowThe semiconductor industry in 2017 and 2018The last two years have been strong for the global semiconductor market with revenue growing 21.6% in 2017 and 13.7% in 2018 on a YoY basis,
A return to growth is likely on the horizon for the semiconductor industry as a whole, even if some face rough near-term outlooks. So, let's take a look at three Zacks buy-ranked semiconductor stocks right now.
After getting clobbered in the final stretch of 2018, semiconductor stocks are making up for lost time this year. is up nearly 28%, besting the rest of the broad market by nearly a factor of two. At a glance, it looks like Micron is staging a key turnaround right now.
We're seeing similar action on Tuesday as we did on Monday. Major U.S. stock indices started off lower on the day, with bears unable to gain meaningful ground and bulls trying to bid stocks back up into positive territory. The best part of these kinds days is the ability to take measured risk/reward day trades. It also gives us a chance to find some top stock trades. Top Stock Trades for Tomorrow 1: U.S. SteelShares of U.S. Steel (NYSE:X) are getting pummeled on Tuesday, down more than 9% on the day. It's got shares breaking down from the 20-day moving average and really not having any support nearby to cling to.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Risky Stocks to Watch as Earnings Season Kicks Off The next spot to watch will be $17, just below the stock's 52-week lows. If it gets there, investors need to see if this is a good level for a bounce or if X will continue even lower. On rallies, see how X handles the 20-day. Top Stock Trades for Tomorrow 2: Canada GooseAnother stock struggling with its 20-day moving average is Canada Goose (NYSE:GOOS). Despite the company's strong earnings report in February, GOOS is being squeezed lower against support.It's above short-term downtrend resistance, but still has plenty of resistance overhead. If it can get through the 20-day, a rally to the 50-day and perhaps $52 could be in the cards. Otherwise, investors have to start thinking about the downside.Below $47.50 and $43 to $44 is on deck. Below that and the December lows could be next. GOOS is looking ugly right now until it can put in some higher lows and takeout some resistance levels. Top Stock Trades for Tomorrow 3: TwitterAfter nine straight up days, Twitter (NYSE:TWTR) stock is getting into some overhead resistance and the stock is technically overbought, albeit barely. The bottom line? This isn't the time to initiate a long position, particularly with TWTR stock running right into range resistance.This could always be "the time," where Twitter stock breaks out. For me though, the risk/reward is simply not favorable. A pullback to $33-ish wouldn't be unhealthy and I'm not risking $2+ a share without having an upside target while Twitter is teetering on resistance if I can nab a safer entry.Bulls should wait for a buyable breakout trade or a pullback. Top Stock Trades for Tomorrow 4: MicronThe lesson we applied with Twitter can be highlighted with Micron (NASDAQ:MU). Last Wednesday, it looked like Micron was about to breakout, only to fail at resistance and pullback.Bulls who bought at $45 are underwater by almost $3.50 a share (an unrealized loss of 7.8%) all the while Micron still looks pretty healthy. At the time, I said some "caution may be warranted" and liked the idea of bulls buying on a test of the 50-day.I still stand with that idea, looking to buy about $1 a share below this mark. More aggressive bulls may feel comfortable stepping in now, but for me and in this choppy market, I'd rather risk missing a trade than taking on additional risk. Top Stock Trades for Tomorrow 5: Agilent TechnologyAgilent Technologies (NYSE:A) continues to trade very well, with shares putting in a series of higher lows and running into resistance near its highs.Investors can buy on pullback into uptrend support and the 20-day moving average, or trade a breakout over $82. A breakout trade could setup like this trade in Dentsplay (NASDAQ:XRAY).Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.Compare Brokers The post 5 Top Stock Trades for Wednesday: Micron, Twitter, U.S. Steel appeared first on InvestorPlace.
Why Semiconductor Stocks Fell on April 9(Continued from Prior Part)Samsung lowers first-quarter earnings guidance Most semiconductor stocks with exposure to the memory market are falling on the back of continued weakness. On April 5, Samsung (SSNLF)
Why Semiconductor Stocks Fell on April 9Semiconductor stocks fell The tech-heavy NASDAQ Composite Index fell 0.37% in the early trading session on April 9 driven by declines in semiconductor stocks. Seven of NASDAQ’s top 12 decliners were
Micron Technology Inc NASDAQ/NGS:MUView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for MU with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding MU are favorable with net inflows of $109.89 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. MU credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The company said it was cutting back production of its 737 Max plane, which has been involved in two fatal crashes in recent weeks. The airline was among those affected by the grounding of Boeing's 737 Max fleet. General Electric Co., down 52 cents to $9.49.
Why Intel Stock Fell on FridayIntel stock downgraded Intel (INTC) stock fell ~1% on April 5 after Wells Fargo analyst Aaron Rakers downgraded the stock to “market perform” from “outperform.” The downgrade was based on the company’s