|Bid||16.21 x 2200|
|Ask||16.22 x 800|
|Day's Range||15.60 - 16.30|
|52 Week Range||12.00 - 24.74|
|Beta (3Y Monthly)||1.86|
|PE Ratio (TTM)||12.00|
|Earnings Date||Nov 28, 2016 - Nov 29, 2016|
|Forward Dividend & Yield||0.24 (1.60%)|
|1y Target Est||19.77|
Semiconductors are lagging the Nasdaq Composite today, but still solidly in the green. Yahoo Finance's Jared Blikre joins Myles Udland to break down the action in the chipmaker space, as President Trump partially walks back a tougher trade stance.
Shares in European chipmakers fell on Tuesday after Germany’s Siltronic became the latest semiconductor company to warn that trade tensions between the US and China would hurt its earnings. Siltronic’s shares had their biggest one-day drop as they shed more than 13 per cent of their value in morning trading in Frankfurt. Siltronic, which makes silicon wafers for the global semiconductor industry, said late on Monday that it “sees a continuing slowdown” of the sector and expects sales in the second quarter of this year to be “significantly below” the first three months of the year, with a further decrease likely in the third.
Global equities are under pressure on Friday as traders worry about the fallout from the attack on two energy tankers in the Persian Gulf as well as dismal economic data out of China, where industrial output growth slowed to a 17-year low.Semiconductor stocks are getting hit hard, with the pressure beginning over in Europe with names like Infineon, AMS and STMicroelectronics (NYSE:STM) feeling the hurt after Broadcom (NASDAQ:AVGO) cut forward guidance and warned of a demand slowdown due to a tech ban resulting from U.S.-China trade tensions.All eyes are now turning towards the Federal Reserve's next policy announcement on June 19, with hopes high that officials heed the message of the futures market and prepare for interest rate cuts later this year. The promise of easier credit could help juice the market higher as the economic data worldwide becomes more and more disappointing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe specter for disappointment is extremely high, however, with history reminding us that the majority of prior Fed interest rate cuts come as a recession is already in flight. If so, the selling could well intensify, led by the makers of the silicon "raw materials" of our modern economy: Semiconductors. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 Here are four stocks in the industry to consider selling: Semiconductor Stocks: Intel (INTC)Intel (NASADQ:INTC) shares continue to languish below their 200-day moving average, marking a 22% decline from the late-April high a continuing a long sideways range going back to late 2017. A breakdown below critical support near the $42-a-share level would result in a likely decline back to the 2016-2017 trading range near $34, which would be worth a loss of more than 25% from here.The company will next report results on July 25 after the close. Analysts are looking for earnings of 90 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by two cents. Nvidia (NVDA)Nvidia (NASDAQ:NVDA) shares are simply unable to get up off the mat, as the onetime momentum sweetheart languishes near its late December lows and remains well below its 50-day and 200-day moving averages. A slowdown in GPU sales, a loss to AMD (NASDAQ:AMD) on upcoming gaming console refreshes from Sony (NYSE:SNE) and Microsoft (NASDAQ:MSFT), and a popping of the bitcoin bubble have all contributed to the downturn. * 7 High-Quality Cheap Stocks to Buy With $10 The company will next report results on Aug. 15 after the close. Analysts are looking for earnings of $1.14 per share on revenues of $2.6 billion. When the company last reported on May 16, earnings of 88 cents per share beat estimates by seven cents on a 31% drop in revenues. Texas Instruments (TXN)Shares of Texas Instruments (NASDAQ:TXN) are rolling down what looks like the right shoulder of a nasty-looking head-and-shoulders reversal pattern bounced by a neckline that coincides with its 200-day moving average. A breakdown here would trace down to a decline back to its late-December lows, worth a loss of roughly 15% from here. Earlier in the month, analysts at Cascend Research noted that demand for power chips in the industrial, automotive, and consumer products area was weakening at a 18%-plus pace year-over-year. This was the worst result in eight years and will weigh on TXN stock's top line results.The company will next report results on July 23 after the close. Analysts are looking for earnings of $1.22 per share on revenues of $3.6 billion. When the company last reported on April 23, earnings of $1.26 beat estimates by nine cents on a 5.1% decline in revenues. Broadcom (AVGO)Broadcom shares are down sharply, nearly 7% as I write this, testing their 200-day moving average average. Management cut its forward guidance as part of its quarterly earnings report, warning that fiscal 2019 results would be dampened by waning demand and ongoing trade tensions. There are a few silver linings, from 10% expected bump in content growth thanks to the 5G wireless rollout to module wins in the upcoming Apple (NASDAQ:AAPL) iPhone 11. * 7 Stocks to Buy for the Coming Recession The company will next report results on Sept. 12 after the close. When the company last reported on June 13, earnings of $5.21 beat estimates by three cents on a 10% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 * 7 Value Stocks That Are Flying Under the Radar * 6 Mouth-Watering Fast Food Stocks for Growth Investors Compare Brokers The post 4 Semiconductor Stocks to Sell appeared first on InvestorPlace.
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STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announced having joined the Car Connectivity Consortium (CCC), a cross-industry organization advancing global technologies for smartphone-to-car connectivity solutions. "Smartphones have become productivity and convenience extensions of busy professionals and consumers-whether as voice-activated personal assistants, personal wallets, or as navigators-and they are a natural and safe appliance to ID and unlock doors for the owner, adjust the seat, tune the radio, and personalize the car for their comfort and preference," said Joel Huloux, Director Standardization Microcontrollers and Digital ICs Group, STMicroelectronics.
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A spokesman for Infineon Technologies AG -- one of Europe’s largest chipmakers -- said the majority of products it delivers to Huawei are not subject to U.S. restrictions, adding that the chipmaker can "make adaptions in our international supply chain." Austria-based AMS AG also said that it had not suspended shipments to Huawei. Infineon has suspended deliveries to Huawei, Nikkei Asian Review reported earlier Monday, citing two people familiar with the matter. The U.S. Commerce Department has said it will put Huawei on an “Entity List” -- meaning any U.S. company will need a special license to sell products to the world’s largest networking gear maker and second-largest smartphone brand.
STMicroelectronics declined to comment on Monday on a report in the Nikkei Asian Review that said it was set to have meetings this week to discuss whether to continue shipping to Huawei. The Nikkei Asian Review had earlier reported that German chipmaker Infineon had suspended shipments to Huawei Technologies, in a sign that Washington's crackdown on the Chinese tech company is beginning to hamper its supplies beyond the United States. According to regulatory filings, Huawei is among STMicroelectronics' top 10 customers.
In the first public comments by a European leader since Wednesday’s move by Trump, Macron told Bloomberg Television he doesn’t intend to capitulate to U.S. pressure to block Huawei’s 5G equipment. France, Germany and the U.K. are among the key allies balking at American demands to shut Huawei out completely from 5G network construction -- or risk retribution.
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