50.53 0.00 (0.00%)
Pre-Market: 4:00AM EDT
|Bid||50.71 x 200|
|Ask||51.25 x 100|
|Day's Range||50.27 - 51.81|
|52 Week Range||48.92 - 69.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||2.28 (4.16%)|
|1y Target Est||68.43|
And its as the world turns in chips ... Just as the US gave Broadcom's deal with Qualcomm the kibosh, China is now concerned about Qualcomm’s $44 Billion deal to buy NXP Semiconductors - with a commerce ministry spokesman claiming there are "related issues that are hard to resolve," and that it would be difficult to "eliminate the negative impact"... Andy a cryptic statement, coming with the backdrop of a burgeoning trade war with the US and China - what's going on here?
Chip sales to smartphone vendors and how Qualcomm Inc. moves forward from fending off a takeover from Broadcom Inc. will be among the main topics of focus for investors as the chipmaker reports its earnings ...
STMicroelectronics (STM) is scheduled to hold its annual meeting of shareholders on May 31, 2018. Shareholders will be voting on several proposals, including leadership-related matters. They will be discussing cash dividend distribution, the appointment of Jean-Marc Chery as CEO, and the reappointment of certain supervisory board members.
Apple is exploring using its own processors in future Mac computers, thereby dropping Intel (INTC) as a chip supplier for the product, according to Bloomberg. Mac computers featuring processors developed internally by Apple could start surfacing in the market as early as 2020, the report said.
From mobile chip suppliers to telecom equipment vendors to mobile network operators, 5G (fifth generation) technology holds major promise. But when could this promise materialize? On the infrastructure side, 5G network tests are underway in many markets around the world. In the United States, for example, Verizon (VZ) and AT&T (T) are looking to launch some form of 5G service before the end of the year.
QUALCOMM Incorporated (QCOM) expects higher-than-normal seasonality to affect its fiscal second-quarter results due to near-term inventory build in the handset market and ongoing impact of non-paying licensees.
Chipmaker QUALCOMM, Inc. (NASDAQ:QCOM) has been on a wild ride over the past several months. The shares were in a down-trend for most of 2017 until Broadcom Inc (NASDAQ:AVGO) acquisition rumors emerged in October, sending QCOM stock from $50 to $70 in a hurry. Qualcomm stock dropped.
Chipmakers had a rough week with shares of the iShares PHLX Semiconductor ETF ( SOXX) falling sharply, over 6% in just two days of trading. The declines were set off after Taiwan Semiconductor Manufacturing Co. Ltd. ( TSM) reported a weak revenue outlook, renewing fears of weak Apple Inc. ( AAPL) iPhone sales.
With trade tensions escalating between the United States and China, fears are growing that American technology companies could be hit in the next round of tit for tat moves between the world's two biggest economies. After threatening to impose tariffs on $150 billion worth of imports from China to punish what it sees as unfair trade practices, the U.S. opened another front in this simmering battle by going after China’s rapidly developing tech sector. To cut off its access to U.S. technology, the U.S.Department of Commerce last week banned Chinese telecommunications giant ZTE from purchasing American products for seven years, citing violations of a sanction settlement reached last year.
HONG KONG—In the five years since ZTE Corp. was branded a national security threat by U.S. lawmakers, the Chinese telecommunications giant has been quietly building its own American success story. While locked out of the market for networking technology, ZTE has expanded its smartphone business to where it is now the fourth-largest among U.S. consumers. Last year the Shenzhen-based company almost doubled its market share to 11.2%, selling 19 million handsets and making the U.S. its biggest market, according to research firm Canalys.
Qualcomm’s unwelcome role as punching bag in the U.S.-China trade dispute highlights the vulnerabilities of industries like chip makers as the rhetoric heats up. China’s antitrust regulator raised questions Thursday about the company’s proposed $44 billion acquisition of NXP Semiconductor. Qualcomm has since refiled for approval but has set a deadline of July 25, after which it would walk away and pay NXP a termination fee.
The week ahead will bring earnings reports from a bunch of closely watched chip stocks including AMD, Intel, Qualcomm and Texas Instruments.
The San Diego-based chip company is paring back its Silicon Valley workforce as it reduces headcount in efforts to cut spending.
Qualcomm (QCOM) has been embroiled in a number of legal battles, including one with Apple, which have affected growth over the past year. Qualcomm stated that its 4Q17 numbers reflect its litigation with Apple. According to Bloomberg, Qualcomm plans to cut ~1,500 jobs in California to reduce spending by ~$1 billion.
Silicon Valley’s biggest tech companies won more fresh H-1B visas in 2017 than the year before, while the number of the visas, which are intended to help employers fill exceptionally high-skilled positions, going to Indian companies fell, according to a new analysis.
Antipodes is also quite contrarian. Antipodes is located Down Under, but its performance has been Up Above. The Antipodes Global Fund-Long Only, the Antipodes Global fund, and the Antipodes Asia fund all adopted new strategies on June 30, 2015, and since then, through the first quarter of 2018, they are up 44.9%, 42.4%, and 34.4%, respectively, in absolute performance.
U.S. stock futures turned higher on Friday, April 20, after earnings from General Electric Co. Stocks finished lower on Thursday, April 19, with the Dow Jones Industrial Average falling 83 points, or 0.34%, to 24,664 as shares of Procter & Gamble Co. The S&P 500 fell 0.57% and the Nasdaq lost 0.78% after chipmakers tumbled following a weak forecast from Apple supplier Taiwan Semiconductor Manufacturing Co.