|Bid||58.050 x 1400|
|Ask||58.060 x 2200|
|Day's Range||57.03 - 58.37|
|52 Week Range||48.56 - 76.50|
|Beta (3Y Monthly)||1.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 30, 2019|
|Forward Dividend & Yield||2.48 (4.27%)|
|1y Target Est||68.50|
Dec.18 -- Qualcomm General Counsel Don Rosenberg discusses a ruling in China against Apple Inc. that bans the sale of several iPhone models in that country. He spoke to Bloomberg's Emily Chang on "Bloomberg Technology."
Micron (MU) reported fiscal 2019 Q1 earnings after the market close Tuesday. “Micron reported strong profitability in the fiscal first quarter, highlighted by double-digit year-over-year revenue growth across our major markets and solid business execution,” president and CEO Sanjay Mehrotra said in a statement.
Intel (INTC) is a stock most long-term, risk-averse investors cherish because of its impressive shareholder returns and its relatively stable price. In the first nine months of 2018, Intel returned $12.6 billion to its shareholders, $4.2 billion of which it returned through dividends and $8.5 billion of which it returned through stock buybacks. For 2018, Intel expects to report FCF of $15.5 billion, which means it expects to report $4.26 billion in FCF in the fourth quarter. The company will spend $1.4 billion on dividends in the fourth quarter.
Intel (INTC) is benefiting from a strong demand environment in 2018, and because of this, it’s reporting impressive earnings even without a stable CEO. Despite the company’s strong earnings and fundamentals, its stock is trading at a PE ratio of 14.9x, lower than the industry average of 19.0x.
Last week, Intel (INTC) launched some innovative products on its Architecture Day. 3D stacking of logic chips: Intel has named the chips “Foveros.” Intel claims that the chips are the first 3D chips ever built on logic chips architecture. Intel will build the chips on its next-generation ten-nanometer technology by the second half of 2019.
Inc. sought this week to avoid a ban on the sale of older iPhones in China by releasing a software update that some intellectual property lawyers said could enable the company to keep selling those products in the world’s largest smartphone market. Inc. The two American giants in the smartphone industry are locked in a bruising legal battle over technology licensing.
Shares of Apple (AAPL) have tumbled 24% in the last three months as part of the larger market pullback. But investors do have legitimate concerns about Apple going forward as iPhone unit sales slow. Still, the question is should investors take Apple's downturn as a chance to buy AAPL stock at a discount?
The court order, granted last week after Qualcomm argued that Apple is infringing on its patents, is in force and cannot be circumvented automatically by a software or operating system update as the iPhone maker has claimed, according to Rosenberg. Qualcomm is seeking an extension of the ban to cover the latest models of the phone, he said in an interview on Bloomberg Television to be aired later Tuesday.
Share repurchases during the third quarter by companies in the S&P 500 soared 58% from a year ago to a quarterly record of $203.8 billion, according to S&P Dow Jones Indices. That marks the third consecutive quarterly record, a sign that companies were using savings from the corporate tax rate cut that went into effect this year to ramp up shareholder returns. The percentage of companies that used buyback to reduced the number of outstanding shares by at least 4% increased 18%, after rising 15% in the second quarter. "Companies have used their tax savings to push up discretionary buybacks and boost earnings through significantly reduced share counts," said S&P Dow Jones Senior Index Analyst Howard Silverblatt. "The buying, while broad, continued to be top heavy, with the top 20 issues accounting for 54.3% of all S&P 500 buybacks, a level not seen since Q1 2010, when it was at 59.8%." The top share repurchases were Qualcomm Inc. , which bought back $21.1 billion worth of its shares during the third quarter, followed by Apple Inc. , which spent $19.4 billion.
- Q3 share repurchases increase 57.7% year over year to a record $203.8 billion - This is the third consecutive quarterly record, up 6.9% from Q2 2018 - Q1 to Q3 year-to-date expenditures are only 1% shy ...