|Bid||62.01 x 800|
|Ask||62.60 x 800|
|Day's Range||61.19 - 62.31|
|52 Week Range||54.74 - 86.50|
|Beta (3Y Monthly)||0.93|
|PE Ratio (TTM)||59.33|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.75|
Neuberger Berman Group is an independent, employee-owned investment manager that was a part of Lehman Brothers. It was formed way back in 1939, and now it offers offices to its clients across 35 cities around the world. The firm manages fixed income, hedge fund portfolios, and equities for its clients, which include wealthy individuals, global […]
Last week, the U.S. Commerce Department added Huawei Technologies to its Entity List, saying, “The U.S. government has determined that there is reasonable cause to believe that Huawei has been involved in activities contrary to the national security or foreign policy interests of the United States.” This in effect bars the Chinese telecom equipment maker from doing business with U.S. companies, although the trade restriction was given a 90-day reprieve a few days later.
The United States has effectively banned its companies from doing business with Huawei, exacerbating an ongoing Sino-U.S. trade war. Huawei is allowed to buy U.S. goods until Aug. 19 to maintain existing telecoms networks and provide software updates to its smartphones. ** ALPHABET INC: Google on May 19 suspended the transfer of hardware, software and technical services to Huawei, except what it has made publicly available via open source licensing.
President Trump declared a national emergency last week -- and if you think that had something to do with global warming, terrorism, or even immigration policy, you may not have been paying close enough attention.No, this one has to do with competition in the tech sector, and specifically, competition from Huawei to lead the development of new 5G wireless technology around the world. Supported by generous state subsidies, and probably not a little state-sponsored espionage, Huawei has made great strides in developing the tech need to build a 5G infrastructure in China, in Europe, in Africa, and potentially, in the United States itself. However, as a company presumed to be under the influence of China's state security apparatus, the Trump Administration views Huawei as a clear and present danger -- if not necessarily to national security, then certainly to the peace of mind of U.S. tech firms that must compete with it.Thus, to stymie Huawei's growing influence, last week the President empowered the U.S. Secretary of Commerce to effectively "blacklist" Huawei and prevent U.S. companies from doing business with the Chinese tech giant. This order cuts off Huawei from access to microchips and other tech components essential to the manufacture of much of its 5G equipment -- everything from handsets to base stations.It also, however, prevents many U.S. companies from making sales to Huawei. And in so doing, it's hitting the business of U.S. tech giants from California -- Qualcomm (QCOM) and Broadcom (AVGO) to North Carolina -- Qorvo (QRVO) and Cree (CREE) to Massachusetts where Skyworks (SWKS) resides. Qorvo in particular looks at risk, with analysts estimating the company derives as much as 15% of its revenue from sales to Huawei (versus, for example, Broadcom, which does "de minimis" business with the Chinese company).Conversely, the Trump Administration blacklist effectively cripples Huawei's business, which depends on electronic components such as radio frequency modules, antenna tuners and other components, supplied by these American tech firms and essential to Huawei's manufacture of its 4G handsets today. Without them, the company may not live to invent the 5G tech of tomorrow. Even if the company does survive, though, Huawei's 5G tech is believed to depend on such U.S.-supplied components as "GaN power transistors" needed to build RF power amplifiers, and "silicon carbide (SiC) wafers" on which those transistors are housed, as explained in a note this week from Charter Equity Research analyst Edward Snyder.For the time being, Huawei is drawing down stockpiles of such essential components, amassed in anticipation of a ban on trade with the company. Once these supplies run out, however, Snyder warns that the company could be in something of a bind.Snyder identifies Japan's Murata Manufacturing as one potential alternative supplier of "diversity receive" (DRX) radio frequency modules -- albeit a distant second to main supplier Skyworks -- and Japan's TDK is a potential source of filters. Then again, China isn't exactly on the best of terms with Japan right now, either. (The two countries are continually feuding over ownership of certain islands in the East China Sea). Further complicating matters, TDK has a joint venture with Qualcomm, and therefore may find itself subject to the same ban restricting Qualcomm's selling to Huawei.By and large, therefore, it's Snyder's assessment that "there are no other suppliers, Chinese or otherwise, capable of filling the void left by the ban on U.S. components," and this blacklisting is likely to "devastate Huawei's phone business," at least in the 4G realm, while its development of 5G tech will "slow considerably." Conversely, in the analyst's opinion, the Trump Administration's ban on sales to Huawei is likely to accrue to the benefit of rivals like Korea's Samsung, and to Oppo, Vivo, and Xiaomi in China.At least, until the Trump Administration decides to blacklist those companies, as well.Read more: * A Look at Qualcomm (QCOM)-FTC Outcome and Its Impact on Apple (AAPL) * Will Qualcomm (QCOM) Stock Price Get Back to $60-65? * Qualcomm (QCOM) Stock Is a Buy Despite Huawei Saga, Says Analyst More recent articles from Smarter Analyst: * Love or Hate Aurora Cannabis (ACB) Stock, That’s Where the Money Is * Micron's (MU) Tech Roadmap Highlights Flattening Cost Curve, Says Analyst; Reiterates Neutral on the Stock * Time to Cash Out on Cannabis Stock Canopy Growth (CGC) * GW Pharmaceuticals (GWPH) Stock Could Run Much Higher Over Time
In this daily bar chart of QRVO, below, we can see that it took prices four months to rally from near $54 to the $79 area but it took less than a month for prices to retrace most of that rise. QRVO is below the declining 50-day moving average line and the bearish 200-day average line. The daily On-Balance-Volume (OBV) line has broken its four month rise and tells us that sellers of QRVO are being more aggressive.
Understanding the Impact of Trump’s Huawei Ban on US StocksHuawei banLast week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions, restricting US companies’ transfer or supply of any
While it's possible that trade tensions will lead chip stocks to sell off farther, a lot has already been priced in, and it's not a given that worst-case fears will be realized.
Huawei Ban Encourages Qorvo and Lumentum to Cut Earnings GuidanceQorvo and Lumentum cut their guidance after the Huawei ban The semiconductor industry—and smartphone chipmakers in particular—have started to feel the impact of the Huawei ban
was gaining Tuesday even after it lowered its fiscal 2020 first-quarter guidance due to the pressure the U.S. government has placed on the Chinese telecom company in recent weeks. Qorvo now expects to generate between $730 million to $750 million in the first quarter, down from its previous guidance between $780 million and $800 million. It expects diluted earnings per share of $1.15, down from its previous view of $1.30.
(Reuters) - Radio frequency chipmaker Qorvo on Tuesday joined mobile parts maker Lumentum Holdings Inc in halting shipments to Huawei Technologies, following export restrictions by the United States government. ...
Shares of Qorvo Inc. bounced 8.7% in morning trade Tuesday, following a 16.5% plunge over the past three sessions, although the chip maker cut its profit and sales outlook in the wake of U.S. actions against China-based Huawei Technologies Co. Ltd. Qorvo lowered its earnings-per-share guidance to $1.15 at the midpoint of its range from $1.30 at the midpoint, compared with the FactSet consensus of $1.29. the revenue outlook was lowered to a range of $730 million to $750 million from $780 million to $800 million, compared with the FactSet consensus of $785 million. For the second quarter, Qorvo said it now assumes no sales to Huawei, and projects revenue to be "roughly flat" with the first quarter, while the current FactSet consensus of $826 million implies growth of 10% to 13% above the new first-quarter guidance. Qorvo's stock has rallied 9.7% year to date, while the PHLX Semiconductor Index has climbed 19.4% and the S&P 500 has gained 14.0%.
Qorvo® (QRVO), a leading provider of innovative RF solutions that connect the world, announced today that it is updating the financial guidance it provided for its first quarter and full fiscal year 2020 in its earnings release and conference call on May 7, 2019. This update is in response to action taken by the Bureau of Industry and Security (BIS) of the United States Department of Commerce to add Huawei Technologies Co., Ltd. and 68 of its affiliates (“Huawei”) to the “Entity List” maintained by the Department. The BIS action prohibits the sale to Huawei by Qorvo of all products covered by the Export Administration Regulations (EAR) absent obtaining an appropriate export license.
Post U.S. blacklist, Google denied Huawei access to certain updates to the Android system. Here, we study the impact of the ban on some semiconductor ETFs with exposure to Huawei's key U.S. suppliers.
These Tech Stocks Lost Big on May 17(Continued from Prior Part)QRVO fell 6.1%Shares of semiconductor company Qorvo (QRVO) fell 6.1% on May 17 to close trading at $63.93. The stock is currently trading 16.8% above its 52-week low of $54.74 and 26%
While the sector has been one of the biggest casualties of the escalation of trade tensions between the U.S. and China, news on Monday that some Huawei Technologies Co. suppliers are said to have halted shipments to the Chinese company sent chipmakers plummeting. The Philadelphia Semiconductor index fell as much as 3.3% in New York, its biggest drop in a week, while in Europe, the Stoxx 600 Technology Index slid 3%. The company said in a statement that it cannot predict when shipments will resume.
As of Tuesday, an imminent deal seems unlikely, with both countries refusing to compromise, Cramer said.