|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||98.53 - 100.72|
|52 Week Range||79.48 - 114.55|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Semiconductor stocks and the related exchange traded funds sold off Thursday after Taiwan Semiconductor (TSM) issued a bearish forecast, including a warning on smartphone demand. “TSMC, the world's largest contract chipmaker and a major Apple supplier, revised its full-year revenue target to the low end of its earlier forecast,” according to Reuters. The news from Taiwan Semiconductor weighed on chip ETFs, including the VanEck Vectors Semiconductor ETF (SMH) , of which Taiwan Semiconductor is one of the largest holdings.
Semiconductor stocks like Nvidia NVDA , Applied Materials AMAT and Micron MU were synonymous with stellar gains last year amid strong demand and the cryptocurrency frenzy. Mark Tepper, president and CEO at Strategic Wealth Partners, gives the group an underweight position.
Taiwan Semiconductor (TSM) missed and warned today. They lowered 2Q revenue guidance to $7.8-$7.9 billion. The street was at $8.82 billion. They blamed it on smart phone slowing. Mizuho securities also warned today that Apple’s (AAPL) forward guide would have to come down as well.
The Zacks Analyst Blog Highlights: VanEck Vectors Semiconductor, iShares PHLX Semiconductor, PowerShares Dynamic Semiconductor, SPDR S&P Semiconductor and First Trust Nasdaq Semiconductor
Shares of semiconductor (SMH) company NVIDIA (NVDA) rose 8% in the week that ended on April 13, 2018, to close at $231.5. NVIDIA shares have generated returns of 142% in the last 12 months and -6.5% in the last month after rising 82% in 2017.
Shares of semiconductor (SMH) company Broadcom (AVGO) rose 7.9% to close at $246.94 in the week that ended on April 13, 2018. Although Broadcom stock rose 8% last week, it’s still generated a negative return in the last month. Broadcom had to abandon its plan for its $117 billion hostile acquisition of Qualcomm (QCOM).
In fact, AMD fell another 1.8% as Susquehanna analyst Christopher Rolland downgraded the stock and reduced its price target from $13.0 to $7.50 over concerns surrounding cryptocurrency trends. Rolland even downgraded NVIDIA (NVDA) after he found out that a Chinese alternative to AMD’s and NVIDIA’s GPUs (graphics processing unit) is on its way for use in crypto mining. Rolland believes that AMD and NVIDIA earn 20% and 10% of their revenues, respectively, from cryptocurrency mining.
The market did kind of decide to shrug off tariffs and hope they were more of a bargaining chip. If we shrug off the tariffs today, that would be a big win for the market. When they move up, the market worries about choking off growth.
Nearby support and strong underlying uptrends on the charts of key semiconductor stocks suggest that now could be the time to buy.
The VanEck Vectors Semiconductor ETF (NYSEArca: SMH) and the iShares PHLX Semiconductor ETF (NasdaqGM: SOXX) both posted first-quarter gains north of 6%, but March was unkind to chip stocks. The two semiconductor ...
The “Fast Money” traders share their final trades for the day including Devon Energy, GW Pharmaceuticals, VanEck Vectors Semiconductors ETF and Freeport-McMoRan.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss Tom Lee's latest crypto missive, in which he estimates U.S. tax liabilities for crypto gains for the year 2017 to be $25 billion ... give or take.