|Bid||86.77 x 800|
|Ask||87.03 x 800|
|Day's Range||86.33 - 89.03|
|52 Week Range||52.27 - 96.17|
|Beta (5Y Monthly)||1.53|
|PE Ratio (TTM)||24.24|
|Earnings Date||Apr 28, 2020|
|Forward Dividend & Yield||2.48 (2.84%)|
|Ex-Dividend Date||Mar 03, 2020|
|1y Target Est||101.31|
CommScope's (COMM) Q4 net sales rise 117.3% year over year to $2,298.7 million primarily owing to a contribution of $1.33 billion from the ARRIS acquisition.
7nm chip competition heats up with Samsung's (SSNLF) new facility line V1 which has commenced production of state-of-the-art mobile chips.
Corning Incorporated (GLW) announced on Thursday that it is working with Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (QCOM), to develop 5G mmWave infrastructure systems for enterprises and public venues. The 5G systems are designed to combine Qualcomm Technologies’ 5G and mmWave technology leadership with Corning’s industry-proven small-cell expertise to deliver affordable and easy-to-install 5G-ready networks indoors.
Qualcomm (QCOM) unveils latest Snapdragon X60 modem for improved network and best-in-class 5G performance with optimized spectrum resources.
The top stories here for the day are Apple's guidance cut, Qualcomm choosing Samsung to make its 5G chips, U.S. considering further restrictions on Huawei and Amazon's climate fund.
Shares of companies that supply Apple Inc. fell Tuesday after the iPhone maker issued a profit warning Monday because of COVID-19, the disease cause by the novel coronavirus. Apple shares fell more than 2% Tuesday after the iPhone maker said it will miss quarterly revenue targets because of the outbreak. The announcement hit shares of chip suppliers with the PHLX Semiconductor Index falling 1.8% Tuesday. Shares of Micron Technology Inc. declined 1.5%, Qualcomm Inc. shares fell 1.8%, Skyworks Solutions Inc. shares fell 2%, Qorvo Inc. dropped 2.7%, Cirrus Logic Inc. shares fell 3%, Broadcom Inc. shares fell 2.1%, and Intel Corp. shares were down 2%.
(Bloomberg) -- Intel Corp. is in talks to sell a unit that makes chips for home internet access gear to MaxLinear Inc., according to people familiar with the matter.No final decision has been made and Intel could keep the connected home division, the people said, asking not to be named because the matter is private. It’s not clear how much the potential deal is worth.A representative for Santa Clara, California-based Intel declined to comment. MaxLinear didn’t respond to requests for comment.Intel, the world’s largest chipmaker, is looking at reducing its footprint in areas where it isn’t competitive, Chief Executive Officer Bob Swan has said. The company sold its smartphone modem business to Apple Inc. in a $1 billion deal last year. Swan has pointed to the money-losing memory business as an area where he might look for a partnership.MaxLinear, based in Carlsbad, California, provides broadband and networking semiconductors. Its shares fell 4.3% to $17.57 at 12:14 p.m. in New York trading Tuesday, giving the company a market value of about $1.3 billion.Intel’s connected home business makes chips that enable WiFi and manage data traffic for consumers. The chips provide wireless connections in home routers and gateways. Competitors include Broadcom Inc. and Qualcomm Inc.Throughout its history, Intel has created units that push new technologies as a way to further its central processor unit.The connected home initiative is part of an attempt to make sure Intel’s computing chips find their way into the increasing number of smart gadgets being used in households.To contact the reporters on this story: Liana Baker in New York at email@example.com;Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Liana Baker at email@example.com, ;Alistair Barr at firstname.lastname@example.org, Michael Hytha, Matthew MonksFor 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.
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.