|Bid||70.88 x 1000|
|Ask||70.91 x 900|
|Day's Range||69.83 - 70.99|
|52 Week Range||54.74 - 86.50|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||67.48|
|Earnings Date||Jul 30, 2019 - Aug 5, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||73.26|
was mentioned by Jim Cramer in his Mad Money program Monday evening as one of the U.S. suppliers to Huawei. In this daily bar chart of QRVO, below, we can see that prices are trying to make a turnaround. QRVO falls fast in May to retest the December/January lows.
Chip-related stocks lead the broader tech sector higher following a truce in the trade war with China, which threatens to drag heavily on suppliers of semiconductors.
Improving prospects of a trade deal between the U.S. and China could sharply boost a number of stocks whose companies are heavily dependent on sales from China. Goldman Sachs sees industries ranging from technology and power solutions to gaming and dining benefitting as the world’s two largest economies work to sort out their trade issues and resolve the ongoing trade war, according to Business Insider. Ten of those stocks, along with the percentage of their sales from China, include Yum China Holdings Inc. (YUMC) at 100%, Wynn Resorts Ltd. (WYNN) at 75%, Qualcomm Inc. (QCOM) at 67%, Las Vegas Sands Corp. (LVS) at 62%, Monolithic Power Systems Inc. (MPWR) at 57%, Micron Technology Inc. (MU) at 57%, Qorvo Inc. (QRVO) at 57%, Broadcom Inc. (AVGO) at 49%, IPG Photonics Corp. (IPGP) at 44%, and Advanced Micro Devices Inc. (AMD) at 39%.
Bob Bruggeworth has been the CEO of Qorvo, Inc. (NASDAQ:QRVO) since 2013. This analysis aims first to contrast CEO...
Qorvo, Inc. (NASDAQ:QRVO), which is in the semiconductor business, and is based in United States, saw a double-digit...
(Bloomberg) -- Huawei Technologies Co. Ltd got a much needed reprieve from some of the trade sanctions leveled against it by the U.S. when President Donald Trump said over the weekend he would ease restrictions on the Chinese tech giant.In a sign of market bullishness, shares of Huawei suppliers rallied around the globe Monday, with Taiwan’s Largan Precision surging 10% in Taipei and Taiyo Yuden rising 15% at the close in Tokyo. NeoPhotonics Corp., which gets half of its sales from Huawei according to Bloomberg supply chain data, soared as much as 21% in New York, it’s biggest intraday gain in almost a year. Micron Technology Inc. was also up. Nokia Oyj and Ericsson AB, Huawei’s major 5G gear rivals, opened lower in Europe.But constraints on Huawei’s business abound and some analysts said the optimism is overdone -- with many still trying to figure out what form the relief will take. Huawei remains squarely on the U.S. Commerce Department’s "entity list" usually reserved for rogue regimes and their associated companies. U.S. lawmakers from both parties have also reiterated pleas to not to let up on Huawei. On Sunday, White House National Economic Council Director Larry Kudlow said Trump didn’t offer a "general amnesty" to the world’s second largest smartphone maker and telecom gear titan."There were few concrete details about when Huawei can be removed from the entity list," said Jeff Pu, a Hong Kong-based analyst at GF Securities. "But investors are showing optimism without waiting for a final outcome."Pu said that Huawei would be waiting to see which U.S. companies will resume shipping and whether companies like Google and Qorvo Inc. are among them. Both Google’s Android OS and Qorvo’s radio frequency chips are key to Huawei’s smartphone business.The Trump administration hasn’t said whether it will remove Huawei from the blacklist, or indicated any specific time frame for considering such a move. Trump said U.S. companies can sell their equipment to Huawei "where there’s no great national security problem with it.” He didn’t define what he considers a national security threat or specify which companies can apply for shipment licenses.Brock Silvers, managing director at China-based fund Kaiyuan Capital, said that despite claims that only a subset of exports to Huawei will be allowed, the ramifications are significant. "This weekend’s agreement can only weaken U.S. claims regarding Huawei’s inherent security risk," he said."It’s tough to argue that Huawei’s Android handsets are a security threat," Raymond James analysts Chris Caso and Melissa Fairbanks wrote in a note on Monday. "We therefore think there’s a chance that handset components will again be permitted."Nicole Peng, an analyst with research firm Canalys, said it would be "a big win" for Huawei if Google could get a temporary license and continue its business with the company."In the meantime, for the American suppliers whose business is heavily exposed to Huawei, and a ban would benefit other non-American competitors, getting a license should also be relatively easy," Peng added.Huawei has not been able to source key components such as radio frequency chips from Qorvo and Skyworks or the latest Android operating system from Google since the Commerce Department in May blacklisted Huawei and scores of its affiliates around the globe from doing business with U.S. companies.Given such sourcing restraints, Huawei said it was preparing for a drop in international smartphone shipments of up to 60 million units this year, partially because the Trump ban would cut off Huawei’s access to an array of Google’s services from Play Store to YouTube and Gmail on Huawei handsets.One employee of an Asian supplier to Huawei, who asked not to be named because the discussions were private, said that statements from Trump and Kudlow could be just part of negotiations, and that Huawei suppliers would need to wait for more details. American companies are certainly keen to resume business with their key Chinese customers as they could suffer from being replaced by foreign competitors, that person added.Even before Trump’s Osaka announcement, a number of American suppliers including Micron and Intel Corp. had already resumed selling certain products to Huawei after concluding there are legal ways to bypass the ban.The chipmakers are taking advantage of certain exceptions to the U.S. export restrictions. If less than 25% of the technology in a chip originates in the U.S., for example, then it may not be covered by the ban, under current rules.Some in China are painting Trump’s reversal as a victory for Huawei."Trump allowing continuous supplies to Huawei is actually a forced concession, not a friendly conciliation with China," said Zhu Min, former deputy managing director of the International Monetary Fund who now serves as director of Tsinghua University’s National Institute of Financial Research.Zhu’s comment came after a tweet by Global Times Editor-in-Chief Hu Xijin, who has a track record of accurately forecasting retaliatory moves from China during the trade talks."The laws of the economics are stronger than the will of U.S. government," Hu tweeted. "U.S. tariffs can disrupt global supply chains, but cannot reshape them."(Updates shares in second paragraph. A previous version of this story corrected spelling of Taiyo Yuden in second paragraph.)To contact Bloomberg News staff for this story: Gao Yuan in Beijing at email@example.com;Debby Wu in Taipei at firstname.lastname@example.org;Yinan Zhao in Beijing at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum Murphy, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of semiconductor makers enjoyed a broad rally early Monday, fueled by a truce in the U.S.-China trade war, in which President Trump said he would ease up on a ban on business with China-based Huawei Technologies. All 30 of the PHLX Semiconductor Index rose in premarket trading Monday. Among the most active components ahead of the open, shares of Advanced Micro Devices Inc. jumped 5.2%, Micron Technology Inc. rallied 6.5%, Qualcomm Inc. climbed 6.1% and Intel Corp. advanced 2.9%. The biggest gainer was Qorvo Inc.'s stock , which rose 7.6%. The chip sector index (SOX) has gained 2.0% over the past three months, while the S&P 500 has gained 2.6%.
Here's a look at companies (aside from mobile carriers and smartphone OEMs) that stand to receive a sales boost from 5G network deployments and/or phone sales. , meanwhile, is a major supplier of RF power amplifiers for mobile base stations.
China wants President Trump to lift the ban on Huawei Technologies as part of a new trade deal. If that happens, several stocks caught in the vortex could see gains.
Profits reports are beginning to paint a troubling picture for much of corporate America, especially for multinational companies with exposure to China.
The high level of ownership stimulates the $19 billion2 in estimated veterinary care spending and the mid-single digit growth rate that the industry is experiencing. As pets become a more important part of the family, the quality of their health care is also receiving more attention. There is a parallel between improvements in therapies and diagnostics for human and animal health.
radio-frequency (RF) chip business has been gradually gaining steam, thanks in part to a strong 5G position. Last summer, Qualcomm unveiled a pair of 5G RF module families -- one for more conventional, sub-6Ghz, spectrum bands, and another for high-frequency, millimeter-wave (mmWave) bands that have limited range but can support very high upload and download speeds. The company followed that up in February of this year by unveiling -- along with a second-gen 5G modem known as the Snapdragon X55 -- a second-gen, mmWave, antenna module and a slew of new RF products for sub-6GHz bands.
The BAML survey highlighted the fact that investors are very bearish on growth expectations. A net 50% of the respondents expect global growth to weaken over the next 12 months. A record number of investors said that the global economy was in the late cycle.
On Thursday after the close, Broadcom reported April quarter (fiscal second quarter) revenue of $5.52 billion and non-GAAP EPS of $5.21. Revenue, up 10% annually thanks to last November's CA Technologies acquisition, missed a consensus analyst estimate of $5.68 billion. Perhaps most importantly, Broadcom cut its fiscal 2019 (ends in Oct. 2019) revenue guidance by $2 billion to $22.5 billion.
Several semiconductor companies saw shares decline in after-hours trading Thursday following Broadcom Inc.'s earnings report, which suggested a second-half rebound for chips looks less likely. Among stocks falling more than 1% immediately after Broadcom reported were Texas Instruments Inc. , Xilinx Inc. , Skyworks Solutions Inc., Qualcomm Inc. , Qorvo Inc. and Nvidia Corp. Larger chip makers like Intel Corp. , Advanced Micro Devices Inc. and Micron Technology Inc. fell by smaller amounts, closer to 0.5%, though action was jagged amid high volume for the extended session. Broadcom cut its fiscal-year forecast in its second-quarter report after trading closed Thursday, and Chief Executive Hock Tan said in a statement that he sees "a broad-based slowdown in the demand environment." "As a result, our customers are actively reducing their inventory levels, and we are taking a conservative stance for the rest of the year," Tan said. Chip companies earlier this year said that a slowdown would reverse by the second half of the year, but returns since then have created doubts about the timeline. Broadcom shares were down about 7% in after-hours trading.
Building these facilities can be part of a larger strategy of following population growth — and more.
Cree is benefiting from the acquisition of assets of Infineon Technologies' RF Power Buisness. The buyout expanded its Wolfspeed portfolio with robust power and RF GaN-on-SiC power solutions.
Broadcom Inc. disclosed Monday afternoon that it has landed a two-year deal with Apple Inc. to provide some components, sending shares higher in after-hours trading. In a filing with the Securities and Exchange Commission, Broadcom said that it had agreed to supply radio-frequency components for smartphones, tablets and smartwatches, and that Apple said it intends to rely solely on Broadcom for the components as long as the company can meet commitments for quantity and quality. Broadcom shares added more than 2% in the extended trading session Monday, while shares of Qorvo Inc. \- an Apple supplier that specializes in radio-frequency components, dropped about half a percent.
The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]