|Bid||0.00 x 800|
|Ask||0.00 x 2900|
|Day's Range||96.12 - 98.50|
|52 Week Range||67.62 - 112.00|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||14.31|
|Forward Dividend & Yield||1.00 (1.05%)|
|1y Target Est||N/A|
Despite the S&P 500 trading at lofty heights, 8 blue chip stocks are still selling well below their record highs but may be poised for big gains as investors pursue diverse strategies to profit amid a volatile U.S.-China trade war. Some professional investors are wading in to buy beaten down blue chips from the semiconductor industry, including Broadcom Inc. (AVGO), Xilinx Inc. (XLNX), NXP Semiconductors N.V. (NXPI) and Skyworks Solutions Inc. (SWKS). Goldman says these service stocks are much more likely to outperform than stocks in goods-producing sectors.
NXP Semiconductors (NXPI) is buying Marvell's (MRVL) wireless connectivity business for $1.8 billion. The business that NXP is purchasing from Marvell consists of Wi-Fi and Bluetooth assets.
NXP shares have underperformed the Philadelphia Semiconductor Index by 102 percent and peers by 73 percent in the last three years, Hettenbach said in the Wednesday upgrade note. Notwithstanding the ongoing risks in the semiconductor cycle into the second half, Hettenbach said a number of company-specific elements — leaner distribution, levers to pull on margins and relative valuation after a period of significant underpeformance —make him constructive on NXP. Given the semicycle risk, Hettenbach said he would recommend an opportunistic approach when adding to positions in NXP.
Moody's Investors Service ("Moody's") rated NXP B.V.'s ("NXP") new senior unsecured notes ("New Notes") Baa3. NXP plans to use a portion of the net proceeds of the New Notes to refinance at maturity NXP Semiconductors Inc.'s $1.15 billion principal amount of outstanding 2019 Cash Convertible Senior Notes ("Convertible Notes") due December 1, 2019 and $600 million principal amount of outstanding 4.125% Senior Notes due 2020, with remaining proceeds used for general corporate purposes. Given the timing mismatch between the issuance of the New Notes and the refinancing of the Convertible Notes, debt will remain elevated until repayment of the Convertible Notes on December 1st.
MasTec, Orchid Island, Applied Materials, NXP and Amtech highlighted as Zacks Bull and Bear of the Day
With some easing trade war hostilities and Wall Street cozying up to a "Fed Put," it's time to park a bit of speculative cash in three semiconductor stocks that are shaping up for so strength in the weeks and months ahead.The sky is falling shtick from May and a bit of early June gloom in the broader market have been quickly lifted courtesy of averted tariffs with Mexico and optimism that the Federal Reserve is ready to indulge bulls with "prophylactic rate cuts" if Wall Street can't find the wherewithal to right itself up on its own.Of course there are no guarantees a bearish U-turn won't rear its ugly head again. There are still the trade war negotiations with China later this month. And despite investors' conviction, any confirmation of a Fed Put is still a week out when the FOMC holds its next two-day meeting.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNevertheless, under the basic assumption that 2019's bull market has been resuscitated with the promising price action of the past few days, investors that want additional market exposure tied to these positive developments should consider semiconductor outfits with ties to autonomous vehicles. * 7 A-Rated Stocks to Buy Under $10 The three driverless stocks to buy are Nvidia (NASDAQ:NVDA), NXP Semiconductors (NASDAQ:NXPI) and Ambarella (NASDAQ:AMBA). With decent entry points on the price charts and using well-placed, human-engineered exit strategies, investors can feel more confident about driving healthier returns into their portfolios. Nvidia (NVDA) Click to EnlargeNvidia is the first of our semiconductor stocks to buy today. Straight from the horse's mouth, "NVIDIA uses the power of AI and deep learning to deliver a breakthrough end-to-end solution for autonomous driving -- from data collection, model training, and testing in simulation to the deployment of smart, safe, self-driving cars." I couldn't have said it any better myself.On the price chart, NVDA stock is looking set to zip higher. Technically, shares have formed and confirmed a two-week reversal pattern that could be the beginning of a new uptrend.This candlestick signal for going long Nvidia is backed by an oversold stochastics signal. It also enjoys key zone support from its ten-year, 50% Fibonacci cycle, 200-week simple moving average and 76% retracement level tied to the market's ubiquitous December bottom.Buy Strategy: NVDA stock is ready for purchase today. And while shares of this driverless stock can be volatile, smallish exposure of 7% also looks like enough leeway within the two-week bottoming pivot to abort the position if necessary. NXP Semiconductors (NXPI) Click to EnlargeNXP Semiconductor's claim to fame within the driverless universe is that it's the world's largest automotive chipmaker by sales and has an autonomous driving platform called BlueBox. BlueBox allows automakers to convert traditional cars into driverless vehicles with an onboard computer.Technically, shares of this driverless stock look very attractive after pulling back over the last month. NXPI stock has managed to find support at the 50% retracement level tied to its December low, as well as the share's 200-day simple moving average.With the December bottom also finding support at its life-time 50% Fibonacci level and forming a nice monthly chart up-channel in the process, along with stochastics trending higher, NXPI stock looks positioned for buying today. * 7 Dark Horse Stocks Winning the Race in 2019 Buy Strategy: Buy NXPI stock and use the low of the monthly pullback as an initial stop-loss to keep technical and dollar exposure at acceptable levels. On the upside, use this driverless stock's all-time-high and channel resistance (roughly $125 - $132) for a profit-taking target. Ambarella (AMBA) Click to EnlargeAmbarella's past reliance on chip sales to action camera outfit GoPro (NASDAQ:GPRO) was both a boon and a bust.But it's time to let bygones be bygones. Ambarella is now using its chip expertise to tackle the autonomous automobile market. The company's camera sensors and processors are being used for computer vision, driver assistance cameras, in-car cameras as well as parking assistance technology.Ambarella has its detractors. Shares do maintain short interest of around 16%. And Ambarella's latest quarterly results do suggest the company still has a long road in front of it.Nevertheless, with its computer vision (CV) technology a potential huge windfall and shares recently completing a three-year long double bottom pattern more than 70% removed from its GoPro-driven halcyon highs, I do see the opportunity for putting AMBA stock on the radar for buying.Buy Strategy: My recommendation in AMBA stock is to buy shares above $45. That's currently 8.5% above Monday's closing print. The idea is to avoid potential one- or two-day short squeezes and only buy on strength hinting the bears may be overstaying their welcome as a more successful next chapter in Ambarella looks to unfold.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Dark Horse Stocks Winning the Race in 2019 * 6 Chinese Stocks to Sell That Are Suffering From a Digital Ad Slowdown * 4 Technology Stocks Blasting Higher Compare Brokers The post 3 Semiconductor Stocks to Buy Now appeared first on InvestorPlace.
Zacks.com featured highlights include: Israel Chemicals, Plains All American Pipeline, Legg Mason, NXP Semiconductors and OFG
The market has been volatile in the last 6 months as the Federal Reserve continued its rate hikes and then abruptly reversed its stance and uncertainty looms over trade negotiations with China. Small cap stocks have been hit hard as a result, as the Russell 2000 ETF (IWM) has underperformed the larger S&P 500 ETF […]
Marvell (MRVL) stretches its alliance with SoftBank Group subsidiary, Arm, to expedite the development of its ThunderX embedded processors.
We have screened bargain stocks based on EV/EBITDA ratio that offers a clearer picture of a company's valuation and earnings potential.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Cypress Semiconductor Corp (CY) is up roughly 25% this morning after news was released of a $9.4 billion deal with Infineon Technology's (IFNNY).
Infineon Technologies on Monday announced an agreement to buy Cypress Semiconductor in a deal worth about $10 billion. The combination will create the No. 1 supplier of automotive chips.
The Zacks Analyst Blog Highlights: Fujifilm, NXP Semiconductor, Taiwan Semiconductor Manufacturing, XILINX and Advanced Micro Devices
Infineon Technologies AG AG agreed to buy Cypress Semiconductor Corp for about $8.7 billion in cash, the latest mega-deal for an industry grappling with slowing growth. The $23.85 a share offer is a 34% premium to Cypress’s Friday close, and is 50% above the price the stock was trading at on May 29, when Bloomberg first reported takeover interest in the San Jose, California-based company. Buying Cypress will hand Infineon a memory chip maker re-positioning itself as a provider to automobiles and other connected devices.
NXP to Expand Portfolio by Acquiring Marvell’s Wireless BusinessNXP to acquire Marvell’s wireless connectivity businessOn May 29, NXP Semiconductors (NXPI) announced plans to acquire Marvell Technology Group’s (MRVL) wireless connectivity
Marvell (MRVL) fiscal Q1 performance gains from strong growth in networking business. However, increasing operational expenses pose an overhang.
The all-cash acquisition includes Marvell’s Wi-Fi and Bluetooth technology and related assets, and will allow the automotive industry’s biggest chip supplier to offer customers a broader range of options to connect devices to the internet. "We think it’s another important foundation in our total solutions for customers: having the connectivity to go with the processing and security," NXP Chief Executive Officer Rick Clemmer said in an interview.