|Bid||15.12 x 3000|
|Ask||0.00 x 1400|
|Day's Range||24.76 - 25.08|
|52 Week Range||16.65 - 25.92|
|Beta (5Y Monthly)||2.23|
|PE Ratio (TTM)||32.45|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
BofA’s Vivek Arya named NXP Semiconductors NV (NASDAQ: NXPI) as the top pick, followed by ON Semiconductor Corp (NASDAQ: ON). Automotive semiconductors for EVs and ADAS could be among the “growth megatrends” for the next few years and seems to be currently underappreciated, Arya said in the note. Quoting Gartner again, the analyst said that growth is expected to be driven by content expansion, from $37 per vehicle in 2019 to $74 by 2022 for EVs and from $66 per vehicle in 2019 to $136 per vehicle by 2022 for ADAS.
Vivek Ada, an analyst at BofA Securities, wrote that the combination of EVs and advanced driver-assistance systems is a “key megatrend.”
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Ambarella's (AMBA) CV22 SoC will be integrated with a fully-optimized SVNet, reflecting its ability to leverage sophisticated, deep, learning-based algorithms to operate automated vehicles.
The Arrow (ARW) IoT ecosystem, in combination with technologies by ON Semiconductor and Geniatech, will provide the wearable safety device to remotely protect employees.
The most drawn-out and dramatic acquisition in the Phoenix region in 2019 came from Germany-based Merck KGaA and its $6.4 billion acquisition of Tempe's Versum Materials Inc.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
ON Semiconductor Corp. (ON) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of ON Semiconductor...
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of ON Semiconductor Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Broad-based weakness in industrial and automotive end-markets hurts ON Semiconductor's (ON) third-quarter 2019 results. Moreover, management provided bleak fourth-quarter revenue guidance.
TipRanks does the legwork of analyzing the analyst. The platform uses natural language algorithms to sort through the stock reports of over 5,500 Wall Street analysts, determining who made the best calls, and which recommendation brought in the best returns. The result is a comprehensive database of stock analysts, rated and ranked by success and return. When you see 5 stars next to a TipRanks analyst, you know who to trust.Today, we’ve pulled reports from three of the top analysts in the TipRanks database. These Wall Street wizards have success rates in excess of 70%, and average returns above 20%. We’ll look at a recent recommendation from each of them, to see what makes a stock compelling to the experts.Mastercard (MA)Oppenheimer’s Glenn Greene is currently ranked 1 in the TipRanks database. He earned his five stars with an 84% success rate on his stock calls. Greene’s average return of 21.3%, indicating that the stocks in his coverage universe are profitable as well as bullish.Greene has recently issued a report on Mastercard, the credit card company. The top analyst had attended the company's Investor Day, and came away with a bullish outlook, giving the stock a Buy rating and a $312 price target (15% upside from current levels).Mastercard isn’t really a credit card company. Rather, it’s a payment processor, for cards issued with the company brand. Mastercard’s business model is built on a range of income streams – royalties from card issuers using the brand, fees from the card issuers for using the company’s payment processing, and transaction fees from card users for the privilege of having a credit card. Like most multi-stream incomes, the model is resilient in bad economic times and highly profitable in good times. A look at the stock’s recent performance bears this out.Markets swooned in Q4 of 2018, and the S&P 500 slipped 14%. MA shares showed a steeper loss, of 21%. But where the S&P has since made an impressive 22% rebound, MA has gained an even more impressive 50% since bottoming out. Mastercard’s most recent report, for Q2, showed a 12% revenue gain, to $4.11 billion, and an adjusted EPS of $1.89 per share, well ahead of the $1.83 expected.All of that forms the background to Glenn Greene’s meeting with company management. In Greene’s words, “MA maintains a sizeable global market opportunity and continues to emphasize its broad B2B opportunity (particularly around accounts payable), Services business and real-time ACH capabilities. Encouragingly, MA's intra-quarter volumes through August remained directionally stable with both July and 2Q19 levels. We remain quite encouraged by MA’s strategic direction and that its long-term growth trajectory remains intact.”Wall Street’s analysts have been nothing but bullish on MA over the past three months. Out of 16 analysts, all 16 are bullish on the stock. With a return potential of 17%, the stock's consensus target price stands at $317.31. (See Mastercard stock analysis on TipRanks)Smartsheet (SMAR)Holding the 3 spot in TipRanks is Canaccord analyst Richard Davis. Davis’ specialty are the tech stocks; he particularly likes the Software-as-a-Service sector. Davis boasts an excellent 79% success rate on his stock reviews, but his real strength as an analyst is in his return. An investor following Davis’ advice over the past year would have seen an impressive 42.5% return on cash invested.Smartsheet is one of the companies that Davis likes. It’s a SaaS company, marketing a cloud-based workspace management and collaboration system. Companies use Smartsheet’s products to share and a manage work projects, assign and track progress, and manage calendars. The interface is designed to make tracking simple and intuitive. Most importantly, for customers, Smartsheet’s product is meant to interface with other popular cloud systems, such as Microsoft Office, Google Apps, Salesforce.com, or Dropbox.Filling a necessary niche, and allowing integration with competitor’s products, has brought Smartsheet success. While the company’s earnings, like those of many recent tech companies, are underwater, revenues are rising steadily and the earnings consistently beat expectations. In the Q2 report, released this past September, the company showed an EPS loss of 8 cents, against the 16 cents expected. Revenues were solid, and at $64.6 million beat the $63.5 million forecast. In the last year, SMAR has beaten earnings and revenue forecasts four times out of four.In his comments on SMAR, Davis displays both his acumen for finding the right stock, and his strategic sense for long-term investing. He writes, “We believe software has become much more secular than cyclical in terms of growth and Smartsheet is one of the best positioned and executing firms that we follow. The stock’s valuation is cheaper, but obviously not cheap on any traditional metric. However, we strongly believe this firm has a long-tail growth opportunity, so investors should own at least a starter position in SMAR and hope for a pullback to fill out their position.” His $45 price target suggests a 14% upside to SMAR shares.Overall, this stock’s Strong Buy analyst consensus rating is based on 8 Buys and 1 Hold set in the past three months. SMAR’s $50 average price target is slightly higher than Davis’, and indicates room for a potential 27% upside. (See Smartsheet stock analysis on TipRanks)ON Semiconductor (ON)Jefferies' Mark Lipacis is one of ON's biggest bulls, and he is also one of the top-rated analysts who cover the stock.Lipacis holds the 7 slot out of the 5,500 analysts rated at TipRanks. His 75% success rate and 28% average return indicate a solid performance over time. The stocks he studies are oriented heavily towards hi-tech hardware; his recent ratings have included most of the big semiconductor companies.ON is one of the world’s top semiconductor companies, counting by sales, with $5.88 billion in revenue for FY 2018. Net income that year was $630 million. The products behind the earnings are a normal array of computer chips. ON Semi’s chips are used to power logic systems, signal management systems, and custom devices in the automotive, communications, and industrial sectors. The company is based in Arizona, but has offices and facilities across North America, Europe, and East Asia.The generally poor 2H18 market performance hit ON particularly hard, and the company’s earnings are still depressed. Revenues in Q2 2019 missed the forecast, with the $1.35 billion reported being 2.3% below expectations. EPS, at 42 cents, was positive, meeting the analysts’ consensus. Guidance for Q3 is also below consensus, a common tactic for managing expectations.Lipacis, in his notes on ON shares, pointed out, “ON noted inventory days in channel declining, a meaningful QQ pick up in disti resales and signs of recovery in industrial and automotive Greater China demand. We believe our margin expansion thesis will play out.”Expanding on this, Lipacis added, “ON believes the demand has stabilized at a lower level of revenue... Automotive and Industrial end markets saw a positive pick up in the Greater China region... Based on conversations with customers, ON expects QQ growth in 3Q19 communications (5G deployment and new smartphone models with higher content)…” In other words, Lipacis believes that the hard times are behind ON, revenue and demand have found a new equilibrium, and that 5G conversion will boost sales and profits going forward.Lipacis has a price target of $27.00 on this stock, suggesting an eye-opening 43% upside. In this, he is far more bullish than most; ON has an average price target of $23.46, indicating about 24% upside from the $19 share price. The stock’s Strong Buy consensus rating is based on 12 Buys, versus just 1 Hold and 1 Sell. (See ON Semiconductor stock analysis on TipRanks)
(Bloomberg) -- Hangzhou Hikvision Digital Technology Co. warned it may lose customers in overseas markets because of its U.S. blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business.Executives at the Chinese camera provider, which reported profit in line with estimates, said clients may hold off on purchases while they gauge the impact of those restrictions. But the company is large enough to withstand U.S. sanctions and develop its own technology in the longer term, they said. Its own home market remains a rich vein of revenue as the U.S. business shrinks, a trend that may persist, Huang Fanghong, a Hikvision senior vice president, said on a call Saturday. Its shares gained as much as 5.4% Monday -- the most in more than a month on an intraday basis.Hikvision found itself in the cross-hairs of the Trump administration this month after it joined other Chinese companies -- including Huawei Technologies Co. -- on an Entity List that prevents American firms from supplying it with components and software. The seller of video cameras used around the world in surveillance was accused of involvement in human rights violations against Muslim minorities in the far-western region of Xinjiang. On Monday, brokerages including Citigroup and CICC cut their projections on Hikvision’s 2020 earnings growth.“While management says they expect the worst is over, we believe some customers may have concerns on the impact of the Entity List,” Citigroup analysts wrote.Hikvision executives say they had anticipated the action and stockpiled enough key parts to keep operations going for some time. The company has also said it didn’t foresee major impact on its business as a result of the ban.In Huawei’s case, for instance, some suppliers including Intel Corp. and Micron Technology Inc. developed workaround solutions to the prohibition. Most of Hikvision’s American suppliers are continuing to do business with it, while abiding by export regulations and without the need for special licenses, according to Huang.“We have made a great deal of preparations, from a year ahead of the ban,” Huang said. “There’s no way for us to fully discuss the impact from the entity list in 10 days. We need more time to talk to our suppliers and customers. A steady component supply is key in this process, no matter if we decide to use original materials or a replacement design.”The U.S. decision, which came on the eve of sensitive trade negotiations, takes President Donald Trump’s economic war against China in a new direction: the first time his administration has cited human rights as a reason for action. It deals a potentially heavy long-term blow against Hikvision, which has steadily switched to Chinese-made components in recent years but still relies on the likes of Intel, ON Semiconductor Corp. and Texas Instruments Inc., particularly for higher-end chips.Still, as much as 80% of Hikvision’s sales are insulated from the U.S. ban, analysts Charles Shum and Simon Chan of Bloomberg Intelligence wrote in an Oct. 8 note.“Hikvision’s sales may continue to rise over the next year despite the Trump administration’s decision,” they wrote. “It can also source alternative parts, though with a weaker performance, from local suppliers in the medium term.”Hikvision reported Friday that net income grew 17% to 3.81 billion yuan ($538 million) in the September quarter, while revenue grew 23%. The company forecast growth of 5% to 20% in net income this year.Hikvision was added to the Entity List alongside SenseTime Group Ltd. and Megvii Technology Ltd., two giant enterprises Beijing is counting on to spearhead advances into a revolutionary technology. Hikvision doesn’t play as outsized a role in China’s ambitions but it’s a key partner to Beijing as well as governments around the world. Its cameras are used from Paris to Bangkok and Urumqi, and are considered pivotal to crime prevention as well as helping build “smart cities” or networked urban environments.Longer term, U.S. sanctions threaten to crimp some of the explosive growth Hikvision has managed this decade, in large part due to China’s effort to put in place the world’s largest surveillance and monitoring network. The company may find itself short of the components it needs to build advanced systems, unless Chinese chipmakers succeed in developing more advanced chips -- another of Beijing’s stated policy ambitions in tech.Thanks to cheap but capable cameras, the Chinese company has enjoyed double-digit growth over the past eight years. Demand for its surveillance cameras, video storage and data analysis services has boomed particularly in its home market. Overseas, the company competes against Canon, Hanwha Techwin and Bosch.(Updates with shares and analysts’ actions from the second paragraph)To contact Bloomberg News staff for this story: Gao Yuan in Beijing at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investors' focus has locked in on semiconductor stocks following news of a potential "phase one" trade deal between the U.S. and China. Many chipmakers do production work in China and/or distribute products to Chinese companies, so the industry has suffered a nasty case of whiplash throughout the two or so years of the two countries' tariff spat.The upside is that the volatility still is coming out on their side. The iShares PHLX Semiconductor ETF (SOXX) has soared nearly 40% year-to-date, doubling the already better-than-average returns for the S&P; 500\. While trade enthusiasm has helped, the industry also is recovering from inflated inventory levels that have weighed heavily on the space.SunTrust Robinson Humphrey analyst William Stein wrote in October, "Looking through any tactical correction (due to tariffs), the big move is still to the upside. We believe patient investors will be rewarded for being long semis." And Goldman Sachs' Toshiya Hari wrote in July that chipmaking equipment companies' fundamentals could improve "sooner than previously expected."Here are five semiconductor stocks to buy to take advantage of an improving outlook for the industry. We took advantage of TipRanks' Stock Screener tool to pinpoint five chip stocks that have recently accumulated bullish sentiment from Wall Street analysts. Let's take a look. SEE ALSO: 12 Tech Stocks That Wall Street Loves the Most
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...