|Bid||88.16 x 1000|
|Ask||88.13 x 800|
|Day's Range||87.53 - 88.80|
|52 Week Range||51.75 - 96.17|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||24.58|
|Forward Dividend & Yield||2.48 (2.84%)|
|Ex-Dividend Date||Mar 03, 2020|
|1y Target Est||N/A|
U.S. stocks dropped on Tuesday after a surprise sales warning from tech bellwether Apple highlighted the impact of the coronavirus outbreak on global supply chains. The news also sent Apple suppliers, including Qualcomm Inc , Broadcom Inc, Qorvo Inc and Skyworks Solutions Inc, lower by 1.8% to 2.3%.
Technology stocks dragged down Wall Street on Tuesday after a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China, sending its shares down 2.5%.
Wall Street was set to open lower on Tuesday as a surprise sales warning from bellwether Apple fanned worries about the impact of the coronavirus outbreak on global supply chains. The world's most valuable technology firm said it was unlikely to meet its March-quarter sales guidance because of slower iPhone production and weaker demand in China, sending its shares down 2.3% in premarket trading. Apple's warning highlights issues that will eventually hurt a lot of companies with exposure to China, said Art Hogan, chief market strategist at National Securities in New York.
Futures fell as Apple warned on sales, citing the coronavirus impact on iPhone output and demand. Walmart earnings missed. InMode earnings are due.
SAN FRANCISCO/SEOUL (Reuters) - Samsung Electronics Co Ltd's semiconductor manufacturing division has won a contract to make new Qualcomm Inc 5G chips using its most advanced chip-making technology, two sources familiar with the matter said, boosting the Korean firm's efforts to gain market share against rival Taiwan Semiconductor Manufacturing Co. Samsung will fabricate at least some of Qualcomm's X60 modem chips, which will connect devices such as smart phones to 5G wireless data networks. The X60 will be made on Samsung's 5-nanometer process, the sources said, which makes the chips smaller and more power-efficient than previous generations.
Why choose one strategy when you can have both? Barron’s decided to look for stocks in the S&P 500 that exhibit characteristics often sought out by both growth and value investors.
Qualcomm is the world's biggest supplier of mobile phone chips. The San Diego, California-based company said its new X60 modem chip, along with a new antenna chip, will be the first to aggregate signals sent over the disparate frequencies used in the two variants of 5G networks, a feature the company said will help boost download speeds. 5G communications, which are intended to improve data transfer speeds and connect more devices to the internet, are expected to be in wide use by the end of 2020.
Qualcomm is taking the wraps off a new 5G modem and millimeter-wave antenna module, as well as intriguing RF filtering technology that could have many applications.
(Bloomberg) -- Qualcomm Inc. announced its third new chip for 5G smartphones that the company said will help cellular service providers and deliver another improvement in mobile phone performance.The X60 is the chipmaker’s latest modem for the fifth-generation networks that debuted only last year and will become the mainstream service this year. The company said phones based on the new chip will go on sale in 2021. A modem is a type of chip that turns radio signals into voice and data.The part will allow a step forward in what’s called carrier aggregation, according to San Diego-based Qualcomm. That means phones will use a combination of the new higher frequencies that make up 5G and the airwaves relied on by older networks. Data will be sent to and from phones much quicker than using one narrower piece of spectrum.Phone companies, which typically own the rights to use scattered batches of airwaves, will be able to get more efficiency out of their expensive assets. That should help persuade the carriers, who are key in the rollout of 5G, that it’s in their interests to speed up introduction of the new service, according to Qualcomm.Qualcomm’s chip revenue has reflected the surge and the maturing of the smartphone industry. The company’s semiconductor sales peaked in fiscal year 2014 at more than $18.6 billion. In the last few years as consumers have held onto their phones longer, revenue has declined to $14.6 billion.The chip will also be the first to be made with 5-nanometer technology, the most advanced production technique in the semiconductor industry. Qualcomm outsources its manufacturing to companies such as Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.Qualcomm was among the biggest beneficiaries of the shifts to previous generations of mobile phone technology, when its chips became the market leader. In the decade since 4G began, smartphone sales have slowed given incremental improvements in form and function. That has hurt Qualcomm’s growth as the company is facing more competition, including from customers such as Samsung and Huawei Technologies Co.To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, Andrew Pollack, Dan ReichlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan's TSMC, the world's largest contract chipmaker, two sources familiar with the matter said. New restrictions on commerce with China's Huawei are among several options to be considered at high-level U.S. meetings this week and next. The measure would be a blow to the world's no. 2 smartphone maker as well as to TSMC, a major producer of chips for Huawei's HiSilicon unit and mobile phone rivals Apple Inc and Qualcomm Inc.
Goldman Sachs analysts believe there’s still upside in tech stocks, even if other observers compare the current moment to the bursting of the dot-com bubble two decades ago.
The U.S. government has never been a model of consistency but lately the inconsistencies—foolish and otherwise—emerging from Washington directed at the tech industry have become truly mind-blowing.
The Zacks Analyst Blog Highlights: Mastercard, Comcast, Honeywell International, QUALCOMM and Dominion Energy
As with a great many firms, chipmaker Qualcomm (NASDAQ:QCOM) has found itself at the mercy of the coronavirus from China. Qualcomm stock has been on a rollercoaster ride since the start of the year as investors come to terms with the fact that the new virus will likely have an impact on China's economy.Source: photobyphm / Shutterstock.com While the total impact that coronavirus will have on QCOM is unknown, management seems to be setting the bar relatively low to avoid investor disappointment. Does that mean now is a buying opportunity? It could. Here's a look at how Qualcomm may behave over the next few months. Management Lowers GuidanceWhen Qualcomm released its fiscal-first quarter earnings earlier this month, they came with a host of warnings about future headwinds. Not least of which was a warning about how coronavirus could impact demand for chips as Chinese customers button down the hatches and wait for the virus to be contained. According to UBS, China's consumers make up about a quarter of the world's smartphone demand. Not to mention that Qualcomm has become a top suppler among Chinese phone makers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 20 Stocks to Buy From the Law of Accelerating Returns That's made investors understandably nervous. After all, news regarding the coronavirus so far isn't promising. China's Hubei reported the most coronavirus-related deaths in a single day on Friday with 242 reported deaths and 14,840 new patients. The total death toll is now at 1,355 and almost 60,000 people within China's borders have tested positive for the new virus. With doctors and scientists still debating its origin and how to contain it, there's some concern that we haven't seen the worst of it yet. What that Means for Qualcomm StockIt's worth noting that coronavirus has officially surpassed SARs in terms of its global impact, so it's difficult to gauge exactly how the market will respond based on past epidemics. However, in the case of SARs, stocks bottomed out three months after the outbreak and took an additional three months to make their way back to previous levels. That's a useful timeline to keep in mind if you're willing to accept that coronavirus' impact could take more time to clear.On Thursday, Qualcomm stock fell a further 1% in premarket trading as investors digested news about the elevated death toll in China. Still, the impact that the cornonavirus will have on the chipmaker has been more-or-less priced in at this point.Qualcomm management has said their outlook is cautious, so it likely represents a worst-case scenario. According to the company's finance chief Akash Palkhiwala, the firm has only seen orders decline slightly so far and cut the low end of its guidance as a cautionary measure. Other IssuesCoronavirus isn't the only potential headwind facing Qualcomm this year. The firm is also embroiled in a legal battle with Huawei over a licensing dispute that dates back to 2018. Back then, the Chinese tech firm agreed to pay quarterly installments to Qualcomm, but now that the contract has expired the two will have to work out another deal.Plus, the European Union has accused Qualcomm of anti-competitive practices in the lead up to the region's 5G roll out. Qualcomm said it was confident that it's been operating within EU guidelines, but the ordeal could drag on in the months to come.Plus, the trade war between the U.S. and China prompted Chinese phone-makers to find new domestic component suppliers which could impact Qualcomm negatively even as tensions between the two nations fades. Beijing is working to bolster its domestic chip market, which could cause Qualcomm's Asia sales to slide significantly. The Bottom Line on QualcommThe legal issues that Qualcomm is facing with the EU and Huawei aren't enough to derail the firm's long-term growth story. Declining sales in China, however, could become a problem. The firm reported that its revenue from China was down more than 20% in 2019, likely a product of the trade war. Worryingly, Chinese sales make up nearly half of the firm's overall gross sales. The coronavirus issues could further pressure Qualcomm's Chinese sales.But the situation in China -- both the chip market and the coronavirus -- is extremely fluid. Last year, the trade war complicated matters. But this year, it should become clearer as to exactly where Qualcomm stands in relation to its Chinese competition. As far as the coronavirus, while the rising death toll certainly isn't something to take lightly, most agree that the impact it will have on economic growth will be temporary.With that said, long-term investors comfortable with the risks associated with China could use Qualcomm's current weakness to buy shares at a discount.As of this writing, Laura Hoy did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Coronavirus Fears Gifts an Attractive Price for Qualcomm Stock appeared first on InvestorPlace.
(Bloomberg) -- As smartphone sales have slowed in recent years, designers have been looking to reinvent the category. But Motorola’s new $1,500 Razr shows there’s a long way to go before flagship devices like the iPhone are disrupted.The Razr is the third foldable Android phone launched by a big-name brand in recent months. The first attempts from Samsung and Huawei transformed into tablets, whereas the Razr is more of a foldable phone. Its 6.2-inch screen shuts into a small square, about half the size of an iPhone 11 Pro Max, and it benefits from deep nostalgia for the original Razr flip phone that defined the pre-iPhone era in the U.S.Novelty and portability are pluses, but that’s not enough for a $1,500 handset. As solid as it feels when shut, it’s decidedly flimsy in the hand when opened up. The foldable screen — which Motorola stresses is built to withstand daily use — feels like it might work well for several months, but not for years. Smartphone buyers increasingly expect their devices to last as long as four years, especially the most expensive models. The Razr doesn’t immediately convince that it can hold up over time.Even if durability wasn’t a concern, Motorola’s Razr suffers from compromised specifications. Its 2,510mAh battery is behind the times for a device of its size, its camera underwhelms, the Android 9 Pie operating system is not the latest and its Qualcomm 700-series Snapdragon processor isn’t top of the line despite the phone’s premium price.Samsung launched the Galaxy Z Flip on Tuesday with a similar square shape, but its inner display is larger at 6.7 inches and has a glass rather than plastic screen. In the hand, Samsung’s offering feels more refined and reliable. With a better processor, bigger battery and a price more than $100 less, the Z Flip instantly vaults ahead of the Razr.As early users of the Moto Razr have noted, the phone makes a slight, unnerving cracking sound when opened and closed. That’s something users will need to get used to. If you rub your finger along the plastic inner display, you’ll feel lumps that are part of the phone’s mechanism. Motorola says that’s normal, but it’s another something you’ll need to get used to. The upper part of the screen feels more solid when pressed than the bottom half, and the entire panel is a fingerprint magnet. The elongated screen also hampers ergonomics when trying to type something on the keyboard.The good news about the display is that its two creases can only really be seen when the screen is off. That’s a step forward from Samsung’s 2019 Galaxy Fold. Moreover, like the Fold and the Z Flip, the Razr’s screen is protected from scratches and accidental fumbles in a way that a device that doesn’t fold inward is not.Motorola’s experimentation with foldable touchscreen technology is commendable, and making it happen inside a device that closes up into a cute square is equally impressive. There’s an undeniable tactile appeal to answering and ending calls by opening and slamming a phone shut, but it’s not of huge importance in an era when most people jump directly to Twitter, TikTok or their texts.The Razr simply feels too flimsy and compromised. Its trade-offs are far too high for anyone to make the switch from an iPhone, Samsung or even one of Motorola’s own, more conventional smartphones.Foldable phones certainly have their benefits, but at this point they’re like expensive weekend cars: something additional to your daily driver and not yet essential to most people. Smartphone makers are making fast strides toward ironing out the impracticalities and compromises, and once they do, there’ll be plenty of people ready to buy in. But Motorola’s revived Razr isn’t the product to mark that inflection point.To contact the author of this story: Mark Gurman in Los Angeles at firstname.lastname@example.orgTo contact the editor responsible for this story: Vlad Savov at email@example.comFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Activist investor Sahm Adrangi's Kerrisdale Capital hedge fund is taking aim at Match Group Inc , arguing that the company behind dating sites Match.com and Tinder will see its shares drop as it faces threats of increased governmental regulation. "We are short Match Group and think the stock price is worth less." He declined to say where he thinks the stock, which closed trading at $75.58 on Wednesday, should be trading. Congress is investigating the safety of online dating apps amid complaints of underage use and the Federal Trade Commission sued Match Group last year over alleged "deceptive or unfair practices" used to get people to subscribe to the site.
T-Mobile (TMUS)-Sprint (S) merger approval will likely pave the way for faster 5G rollout across the country. Qualcomm (QCOM) reports solid first-quarter fiscal 2020 results driven by 5G chip strength.
The U.S. 9th Circuit Court of Appeals heard oral arguments in a closely watched case the regulator brought against Qualcomm in early 2017. San Diego, California-based Qualcomm supplies modem chips that connect phones and other devices to wireless data networks, but patent licensing drives most of its profits. The panel of judges probed the FTC on how Qualcomm may have violated antitrust laws, even if the company did use its dominant position in the chip market to gain higher patent royalties.
The virus that started in China may yet cause disruptions in an array of global industries and hurt sales and earnings.
When it comes to 5G opportunities, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) seems almost forgotten. Bulls have pressed the 5G-based case for Qualcomm (NASDAQ:QCOM) for years now. Nokia (NYSE:NOK) has drawn the attention of value investors. China's Huawei has been the subject of media coverage and political uncertainty. Ericsson stock, in contrast, draws seemingly little notice.Source: Shutterstock Despite the lack of interest -- or perhaps because of it -- ERIC stock might have the most appealing case for 5G bulls. Valuation is reasonable. A multi-year turnaround offers scope for improvement and already has borne fruit. Early returns in the 5G race also suggest room for optimism.There are reasons for caution. Political pressure on Huawei hasn't been the catalyst for either Nokia or Ericsson that some hoped. Ericsson stock has been an awful multi-year investment. Shares have dropped 13% over the past decade, while the NASDAQ Composite has more than quadrupled. Somewhat incredibly, ERIC's performance actually is negative over the last quarter century (though, to be fair, investors would have generated positive returns including dividends).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 U.S. Stocks to Buy on Coronavirus Weakness So this is a bit of a "this time is different" case, which always is risky. But it's certainly an intriguing "this time is different" case. The Ericsson TurnaroundOne pillar of the case for Ericsson stock is that the company qualitatively has plenty of room for improvement. By the company's own admission, Ericsson's culture turned toxic in the past. In December, the company agreed to over $1 billion in fines payable to the U.S. Department of Justice and the U.S. Securities and Exchange Commission. The DOJ noted that the company's conduct "involved high-level executives and spanned 17 years and at least five countries."Ericsson said months earlier, at its Investor Update, that its own investigations had uncovered additional ethical and legal breaches. And so the company is working aggressively to improve its culture and its compliance competencies.Those efforts go beyond simply avoiding criminal or dubious activity. Ericsson has simplified its operating structure and taken out roughly $1 billion in costs, while reinvesting some of those savings in much-needed research and development. It has exited lower-margin contracts.This simply looks like it should be a better company going forward. And the efforts already have helped the company's results. The Numbers ImproveEricsson's results have steadily improved of late. Gross margin dipped below 30% in the last three quarters of 2017. Excluding restructuring charges, the figure climbed to 37.5% for full-year 2019.That expansion helped drive a strong improvement in operating profit, which excluding one-time costs (including the U.S. fines) more than doubled last year. Ericsson sees more room for growth ahead, with the company targeting 12-14% margins in 2022 against an adjusted 9.7% in 2019.That expansion alone would drive earnings up at least 25% from current levels. Sales growth should continue as well. After 4% constant-currency organic growth in 2019, the midpoint of 2020 targets suggests an increase over 3% in reported sales.If 5G can accelerate that top-line growth, Ericsson's fundamentals can become attractive in a hurry. Excluding the U.S. fines, 2019 free cash flow neared $1.8 billion, or about 54 cents per share. Excluding $1 per share in net cash on the balance sheet, ERIC is trading at less than 15x free cash flow based on 2019 numbers. If margins expand and sales grow, that multiple either has to dip into the single-digits or, as would be more likely, ERIC stock has to rally. 5G and the Case for Ericsson StockTo be sure, that case rests on Ericsson taking solid share in 5G from Nokia and Huawei. The news there admittedly remains somewhat mixed.Despite U.S. pressure, Huawei still is driving sales in Western countries. For instance, German lawmakers have pushed to ban the Chinese supplier from their country's telecommunications network. Yet Huawei, along with Nokia, still scored a big win with Telefonica Deutschland (OTCMKTS:TELDF).Nokia remains a formidable competitor. At least some of what 5G deployments Ericsson has won have come through lower upfront pricing, as Bloomberg has reported. And the race for 5G wins is only in the early stages. It's possible the pressure on Huawei could be eased through a broader U.S.-China trade deal or a new presidential administration in 2021.Meanwhile, Nokia has a turnaround strategy of its own, and a reasonable valuation if its own targets are hit. (The fact that the company already has pulled down 2020 guidance, however, impacts that company's credibility.) Cisco Systems (NASDAQ:CSCO) has pulled back and has 5G exposure. Investors even could look to telecommunications providers AT&T (NYSE:T), Verizon Communications (NYSE:VZ), or even China Mobile (NYSE:CHL).Even out of the group, though, Ericsson stock has a sneakily attractive case. The giants in the space don't have the same turnaround benefits on the way. Nokia's credibility seems too damaged. It's Ericsson that might have the most attractive case in 5G, and if the company delivers on its promise, Ericsson won't seem undercovered for too much longer.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 U.S. Stocks to Buy on Coronavirus Weakness * 7 Strong Value Stocks to Buy for 2020 * Are All the Top 10 Warren Buffett Stocks Worth a Buy? The post Why Ericsson Stock Might Be the Best 5G Play appeared first on InvestorPlace.