|Bid||63.00 x 1100|
|Ask||63.59 x 800|
|Day's Range||62.16 - 63.57|
|52 Week Range||54.74 - 86.84|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||70.48|
Is there a possibility that Warren Buffett and Charlie Munger will step in an buy Apple stock. With CNBC's Scott Wapner, and the Fast Money traders, Tim Seymour, Brian Kelly, Dan Nathan and Guy Adami.
# Qorvo Inc ### NASDAQ/NGS:QRVO View full report here! ## Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for QRVO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.17 billion over the last one-month into ETFs that hold QRVO are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
What Dialog's Revised Q4 2018 Guidance Says about Apple Suppliers ## Dialog Semiconductor lowers its fourth-quarter revenue guidance Apple (AAPL) stock has declined 35.8% in the last 100 days after reaching its all-time high of $233.47 in early October. It’s currently trading just above its new 52-week low of $142. The stock fell as Apple is set to report its first YoY (year-over-year) decline in iPhone sale in the December 2018 quarter, which CEO Tim Cook confirmed in his January 2 letter to investors. The letter sent stocks of major Apple suppliers like Qorvo (QRVO), Broadcom (AVGO), and Skyworks (SWKS) down more than 8% on January 3. While weak iPhone sales affected Apple’s suppliers significantly, its United Kingdom–based power management chip supplier Dialog Semiconductor seems to have mitigated the impact. Today, Dialog lowered its revenue guidance for the fourth quarter of 2018 from the previous range of $430 million–$470 million to $431 million. Despite the lower guidance, Dialog’s stock is trending up as its revised guidance is better than Apple’s. Apple reduced its revenue estimate for the December 2018 quarter to $84 billion, way below its previous guided range of $89 billion–$93 billion. ## Why is Apple important for Dialog? Apple is the biggest customer of Dialog, which earns 75% of its revenue from the iPhone maker. Dialog’s revised revenue guidance suggests that weakness in iPhone sales may not have as severe an impact on Apple suppliers as Wall Street analysts suggested. Chips suppliers like Qorvo and Skyworks that have high exposure to Apple have recovered from the January 3 decline. Check out all the data we’ve added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!
The unwanted scrutiny by the antitrust regulators of the licensing business, from which QUALCOMM Incorporated (QCOM) garners a huge profit, is likely to affect its credentials.
Zomedica Pharmaceuticals Corp. (NYSE American: ZOM) (ZOM.V) (“Zomedica” or “Company”), a veterinary diagnostic and pharmaceutical company, today announced the completion of its previously announced private placement offering, pursuant to which it has issued an aggregate of 2,815,789 common shares at a price of $1.52 (C$2.00) per share, for aggregate gross proceeds of $4,280,000 (approximately C$5,649,600), in the United States to accredited investors only pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506(b) of Regulation D thereunder. Zomedica intends to use the net proceeds of the offering to fund its cash expenditure obligations under the Company’s exclusive development and supply agreement with Qorvo Biotechnologies, LLC (Qorvo), a wholly-owned subsidiary of Qorvo, Inc. (QRVO).
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Qorvo, Inc. (NASDAQ:QRVO), with a market cap of US$7.4b, are often out of the spotlight. Read More...
Apple Inc. (NASDAQ: AAPL ) supplier Skyworks Solutions Inc (NASDAQ: SWKS ) warned of a revenue shortfall for its fiscal first quarter, attributing the downward guidance revision to unit weakness across ...
Weakness Continues to Plague Apple’s iPhone Sales ## Apple cuts iPhone production again As per the latest report by the Nikkei Asian Review on January 9, Apple (AAPL) is cutting the production of its latest iPhone models by ~10% in the first quarter due to sluggish iPhone sales. The recent cut in iPhone production comes within two months of the iPhone maker telling its suppliers to produce fewer-than-expected iPhones for the March quarter. Soft demand for the latest iPhone models has led the company’s suppliers, including Lumentum Holdings (LITE), Qorvo (QRVO), Universal Display, Cirrus Logic (CRUS), and Skyworks Solutions (SWKS), to cut their sales outlooks. Apple’s iPhone sales weakness was also reflected in the reduction of its sales guidance, which it announced last week. Apart from the soft iPhone sales expected in Greater China, Apple expects the weakening Chinese economy to further dent iPhone sales. ## Lower demand for Apple’s newest iPhones The company’s trimmed-down production plan for its smartphones—including its new iPhone models the XS Max, XS, and XR—signals that its new models aren’t seeing robust demand. Reportedly, the company’s planned production volumes for new and old iPhones will now be ~40 million–43 million units for the first quarter, down from the earlier forecast of 47 million–48 million units. Apple has been witnessing sluggish demand for its iPhones, which are a crucial driver of its revenue. The company also missed its iPhone shipment estimate on November 1. It reported iPhone unit shipments of 46.9 million in the fourth quarter of fiscal 2018, down from analysts’ expectation of 47.5 million units.
# Qorvo Inc ### NASDAQ/NGS:QRVO View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for QRVO with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding QRVO is favorable, with net inflows of $19.93 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Semiconductor Stocks Plunge on Apple's Weak Revenue Guidance (Continued from Prior Part) ## What’s behind Apple’s downtrend? Previously, we saw that Apple (AAPL) has been hit by slowing iPhone demand, which sent the company’s stock on a downward path. The stock has fallen 36% to a new 52-week low of $142 between November 1, 2018, and January 3, 2019. The downtrend started on November 1 when the company reported lower-than-expected revenue guidance of $91 billion at the midpoint for the first quarter of fiscal 2019, which ended December 29, 2018. The steepest decline in Apple stock came on January 3 after the company revised its revenue guidance by 7.7% to $84 billion, representing a decline of 5% from a year ago. ## Semiconductor suppliers hit by Apple’s weak guidance Apple is one of the largest customers in the semiconductor industry. Companies like Qorvo (QRVO), Cirrus Logic (CRUS), and Skyworks (SWKS) depend heavily on the iPhone maker for revenue. Weak revenue from Apple will lower orders from the iPhone maker, thereby impacting suppliers’ earnings. Thus, stocks of the above three companies fell more than 8% on January 3. Broadcom (AVGO) also took a big hit, as it is one of Apple’s biggest suppliers and supplies various components for iPhones. As the smartphone market slowed, some suppliers reduced their dependence on Apple by diversifying their revenue streams, which mitigated the impact of Apple’s weak guidance on their stocks. The stock of Apple’s sole foundry partner for A12 processors, TSMC (TSM), fell 5.9% on January 3. TSMC has been increasing its exposure to high computing processors. The declines from Apple are likely to be offset by new orders from Qualcomm (QCOM) and Advanced Micro Devices (AMD). The stock of Intel (INTC), Apple’s sole modem supplier, fell 5.5% on January 3, as the latter’s modem business contributes little towards its revenue. Apple’s power management chip supplier, Texas Instruments (TXN), fell 5.9% on the same day, as the latter reduced its exposure to the iPhone maker by diversifying into automotive and industrial markets. The stocks of the above suppliers could recover from the January 3 fall but are likely to see another fall when Apple releases its fiscal 2019 first-quarter earnings on January 29. Thus, investors should keep an eye on Apple’s upcoming earnings. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look! Browse this series on Market Realist: * Part 1 - Investors React to Apple’s Weak Q1 Revenue Guidance
Apple Lowers Its Outlook: What’s Next? (Continued from Prior Part) ## Apple’s revenue expectation shrinks Being a part of Apple’s (AAPL) supply chain can be a huge benefit to suppliers, but can also pose a liability. Several large Apple supplier stocks fell after Apple lowered its outlook for fiscal 2019’s first quarter. While Apple originally expected ~$93 billion in revenue in the December quarter, it now expects only ~$84 billion because of soft iPhone demand. Apple stock fell 10% on the first full trading day after its outlook cut, as did several Apple suppliers. ## Suppliers feel the effect Intel (INTC), which replaced Qualcomm (QCOM) as Apple’s modem chip supplier for iPhones, saw its stock fall 5.5%, while Qorvo (QRVO), a radio frequency chip supplier for Apple, fell 9.1%. Lumentum (LITE), which supplies technology for Apple’s facial recognition system, Face ID, fell 8.4%. ## Apple on track to double services revenue While weak hardware demand prompted Apple to reduce its revenue outlook, the company’s services business has continued to strengthen. The company expects its services revenue to be $10.8 billion in the December quarter, and it rose 17% year-over-year to $10 billion in the September quarter. Apple generated $24.3 billion in services revenue in 2016 and reports that it is on track to double that by 2020. Browse this series on Market Realist: * Part 1 - How Apple Was Affected by Its iPhone Battery Discount * Part 2 - A Look at Apple’s Revised Outlook * Part 3 - Why China Could Pose a Challenge for Apple
The outcome of the trial will have a ripple effect on any settlement discussions between QUALCOMM Incorporated (QCOM) and Apple Inc. (AAPL).
Investors are taking a wait-and-see approach to Broadcom stock as the company transitions, via acquisitions, from a chipmaker to a provider of diversified information technology infrastructure.
Markets crashed on Thursday following Apple???s CEO Tim Cook???s announcement that the tech mega-cap had slashed its revenue guidance for the first quarter.
Apple Stock Fell ~10% Yesterday after Its CEO Warned about SalesApple stock crashed On January 3, Apple (AAPL) stock nosedived ~10% to close at $142.19, its biggest single-day drop since July 2017, after its CEO, Tim Cook, warned investors about a cut in its guidance for the first quarter of fiscal 2019, which ended in December.
NEW YORK, NY / ACCESSWIRE / January 4, 2019 / U.S. markets plunged on Thursday, with the Dow Jones falling more than 600 points, as fears of a possibility of a global economic slowdown intensified after Apple lowered revenue forecasts. The Dow Jones Industrial Average dropped 2.83 percent to close at 22,686.22, dragged mostly lower by losses in Apple’s stock, while the S&P 500 Index decreased 2.48 percent to close at 2,447.89. The Nasdaq Composite Index slumped 3.04 percent to close at 6,463.50.
U.S. stocks tumbled after Apple lowered its outlook for quarterly revenue, validating concerns of deteriorating demand for flagship products from one of the country's largest tech companies and propelling worries of a global growth slowdown.
awful Thursday is adding to the laundry list of problems CEO Tim Cook must contend with. While many are looking at China after Cook largely blamed the country's market for a disappointing preemptive forecast, its former chip provider quietly moved to enforce the suspension of new sales of old iPhone models and the recall of the same models in Germany. The enforcement continues Qualcomm's long-standing global courtroom battle against the fruit company which has seen the San Diego-based chipmaker win major decisions in both China and Germany at the close of 2018.
2019 is off to a nasty start thanks to a big revenue guidance cut from Apple (NASDAQ:AAPL) as iPhone demand continues to wane. This is the single most covered stock in the world, and analysts were blindsided by the decay of the smartphone dynamic despite months of warnings from Apple suppliers. Apple currently has 26 buy recommendations, 20 holds, and just two sells.
Shares of Apple Inc. suppliers took a beating in premarket trade Thursday, in the wake of Apple slashing its revenue outlook because of much weaker-than-anticipated iPhone sales in China. Shares of Lumentum Holdings Inc. dropped 8.7% ahead of the open, Cirrus Logic Inc. slumped 8.5% and Qorvo Inc. gave up 5.3%. Lumentum and Qorvo had warned in November of revenue shortfalls, citing weakening demand for their smartphone customers. Shares of Austria-based AMS AG , which is also an Apple supplier, plunged 20% in overseas trading. Apple's stock had already tumbled 32% over the past three months through Wednesday, while the Dow Jones Industrial Average had shed 13%.