RNECY - Renesas Electronics Corporation
| Previous Close | 2.49 |
| Open | 0.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 0.00 - 0.00 |
| 52 Week Range | |
| Volume | 0 |
| Avg. Volume | 21,112 |
| Market Cap | 8.133B |
| Beta (3Y Monthly) | 1.24 |
| PE Ratio (TTM) | 11.55 |
| EPS (TTM) | 0.21 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
Reuters Videos•2 months agoRenesas in $6.7 billion deal for IDT to boost chips for self-driving cars
Japan's Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc (IDT) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars. As Thuy Ong reports, the deal for the U.S. chip design firm underscores fierce competition between global chipmakers as they seek to boost their product line-ups and market share in the highly lucrative field of automotive chips.
Bloomberg•2 months agoJapan's Renesas Electronics to Acquire U.S. Chipmaker IDT
Sep.11 -- Renesas Electronics, the second-biggest supplier of semiconductors used in cars, said it plans to acquire Integrated Device Technology for about $6.7 billion to expand beyond the automotive sector into data centers and consumer devices. Bloomberg's Manuel Baigorri reports on "Bloomberg Markets: Asia."
- PR Newswire•23 days ago
IDT Reports Fiscal 2019 Q2 Financial Results
Q2 FY19 Revenue of $235.5 M Q2 FY19 GAAP Diluted EPS of $0.26 Q2 FY19 Non-GAAP Diluted EPS of $0.47 SAN JOSE, Calif. , Oct. 29, 2018 /PRNewswire/ -- Integrated Device Technology, Inc. (IDT ® ) (NASDAQ: ...
- PR Newswire•last month
SHAREHOLDER ALERT: Monteverde & Associates PC Launches An Investigation of the Board of Directors of Integrated Device Technology, Inc. - IDTI
NEW YORK , Oct. 8, 2018 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a boutique securities firm headquartered at the Empire State Building in New York ...
- PR Newswire•2 months ago
WeissLaw LLP Investigates Integrated Device Technology, Inc. Acquisition
NEW YORK , Sept. 27, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Integrated Device Technology, Inc. ("IDTI" ...
- PR Newswire•2 months ago
INTEGRATED DEVICE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Integrated Device Technology, Inc. - IDTI
NEW ORLEANS , Sept. 18, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed ...
- TheStreet.com•2 months ago
Stocks End Higher on Strength in Tech
Stocks closed higher Tuesday on strength in tech ahead of Apple's new phone introductions Wednesday.
- TheStreet.com•2 months ago
Closing Bell: LIVE MARKETS BLOG
Amazon Business segment is on track to generate more than $10 billion in revenue this year, just three years after Amazon launched Amazon Business. Amazon Business, which sells business supplies to companies, has thoroughly disrupted the business supply industry that had been dominated by retailers like Office Max and Staples. Amazon said that it serves more than 55 of the Fortune 100 companies, more than half of the 100 biggest hospital systems in the country and more than 40% of the 100 most populous local governments.
- The Wall Street Journal•2 months ago
[$$] Renesas to Buy Integrated Device Technology for $6.7 Billion
If the deal is approved by shareholders and antitrust authorities, Renesas would pay $49 per share, a 29.5% premium over IDT’s stock price as of Aug. 30, when the Japanese company initially said it was considering the acquisition. Renesas said it would finance the deal mainly through new bank lending worth ¥679 billion ($6.1 billion) and no new share offers are planned.
- Reuters•2 months ago
Japan stocks rise on weaker yen, Nasdaq gain; US deal lifts Renesas
Japanese stocks had their best day in four weeks on Tuesday, with exporters lifted by the yen's weakening against the dollar and technology shares boosted by gains for Wall Street counterparts. The Nikkei ...
Reuters•2 months agoRenesas in $6.7 billion deal for IDT to boost chips for self-driving cars
Japan's Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc (IDT) (IDTI.O) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars. Renesas is second only to NXP Semiconductors NV (NXPI.O) in auto-related chips and commands 30 percent of the global market for microcontrollers used in cars. In particular, Renesas has been keen to get its hands on IDT's know-how in analog semiconductors for wireless networks and sensors - expertise crucial to develop autonomous driving and connected car technology.
Reuters•2 months agoRenesas in $6.7 billion deal for IDT to boost chips for self-driving cars
Japan's Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc (IDT) (IDTI.O) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars. Renesas is second only to NXP Semiconductors NV (NXPI.O) in auto-related chips and commands 30 percent of the global market for microcontrollers used in cars. In particular, Renesas has been keen to get its hands on IDT's know-how in analog semiconductors for wireless networks and sensors - expertise crucial to develop autonomous driving and connected car technology.
- Reuters•2 months ago
PRESS DIGEST -Wall Street Journal - Sept 11
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Renesas Electronics Corp will buy California-based Integrated ...
- Bloomberg•2 months ago
Japan's Renesas Electronics to Acquire U.S. Chipmaker IDT
Renesas Electronics, the second-biggest supplier of semiconductors used in cars, said it plans to acquire Integrated Device Technology for about $6.7 billion to expand beyond the automotive sector into ...
- Bloomberg•2 months ago
Renesas's IDT Deal Looks Good. If You Don't Look Closely
Renesas Electronics Corp. makes a heck of a presentation. Gross and operating margin would improve 1.6 percentage points and 1.2 percentage points, respectively, under the deal, it claimed. Under GAAP, gross margin at IDT was 4.9 percentage points lower for fiscal 2018 than what Renesas outlined in Tuesday’s presentation, and operating margin was less than half at 13.2 percent.
- The Wall Street Journal•2 months ago
[$$] business Watch
Renesas Electronics Corp. will buy California-based Integrated Device Technology Inc. for $6.7 billion, the Japanese chip maker said Tuesday. Renesas said the IDT acquisition will help to expand its presence in the auto industry. The deal is expected to close by June next year, Renesas said.
- Reuters•2 months ago
Japan stocks gain as yen, Nasdaq boost exporters and tech shares
Japanese stocks rose on Tuesday, with exporters lifted by the yen's weakening against the dollar and technology shares taking heart from gains in their American peers. The Nikkei share average was 0.91 ...
Reuters•2 months agoJapan's Renesas to buy U.S. chipmaker IDT for $6.7 billion
Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc (IDTI.O) for about $6.7 billion (5.1 billion pounds), aiming to boost its expertise in self-driving car technologies. The deal allows Renesas, second only to NXP Semiconductors NV in chips used in cars, to bring on board IDT's know-how in chips for wireless networks and data storage which are crucial for self-driving cars. Renesas will pay $49.00 per share in cash for all IDT outstanding shares, compared with Monday's close at $42.08, and expects the deal to close in the first half of 2019.
- Reuters•3 months ago
Nikkei hit by trade tensions; Renesas Electronics tumbles
Japan's Nikkei fell on Monday as renewed trade worries hurt sentiment, while Renesas Electronics tumbled on concerns about how it would finance its plan to purchase a U.S. chipmaker. U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether. Hiroyuki Fukunaga, chief executive of Investrust, said given the U.S.-Japan trade talks this month, "this news suggests a discouraging outlook for us," adding that many investors are staying on the sidelines for now.
- Reuters•3 months ago
Nikkei falls on fresh trade worries; Renesas Electronics tumbles
Japan's Nikkei fell on Monday morning as renewed trade worries dented risk appetites, while Renesas Electronics tumbled on concerns about how it would finance its announced plan to purchase a U.S. chipmaker. U.S. President Donald Trump said on Saturday there was no need to keep Canada in the North American Free Trade Agreement and warned Congress not to meddle with the trade negotiations or he would terminate the trilateral trade pact altogether.
- Motley Fool•3 months ago
Why Integrated Device Technology, Inc. Stock Jumped Friday
Is this semiconductor company about to get acquired?
Reuters•3 months agoJapan's Renesas says considering buying U.S. chipmaker IDT
Renesas Electronics Corp is considering buying U.S. chipmaker Integrated Device Technology Inc, the Japanese automotive chipmaker said on Friday, as it beefs up its business in chips for self-driving cars and seeks new growth areas. The deal could be worth as much as $6 billion, making it one of the largest acquisitions by a Japanese chipmaker, the Nikkei business daily reported. Shares of San Jose, California-based IDT, which makes radio frequency chips used in 4G/5G mobile networks, datacenters and self-driving cars, rose 16.2 percent to $44 in premarket trading, giving the company a market value of $5.7 billion.
