|Bid||0.00 x 1100|
|Ask||0.00 x 1100|
|Day's Range||85.23 - 86.62|
|52 Week Range||60.12 - 94.39|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||16.30|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||1.76 (2.03%)|
|1y Target Est||86.70|
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
Like the rest of the broader markets, semiconductor stocks to buy have operated under a cloud of uncertainty this year. Although both sides of the U.S.-China trade war demonstrated some signs of thawing relations, recent developments suggest that this economic conflict has devolved to the worst point ever.As reported by multiple news agencies, the Trump administration earlier this week blacklisted 28 Chinese companies. Human rights concerns over Chinese treatment of the Uighur and other mostly Muslim minorities in the Xinjiang region catapulted this decision. While the front-facing issue of protecting human rights is a noble one, it invariably complicates U.S.-China relations.Obviously, one of the worst impacted assets are semiconductor stocks. Following the announcement, the exchange-traded fund VanEck Vectors Semiconductor ETF (NYSEARCA:SMH) took a sizable hit. As you know, several U.S. companies have robust relations with Chinese tech firms. China also represents a critical revenue pathway for American semis.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the ugliness, a contrarian opportunity exists for those seeking semiconductor stocks to buy. No matter what happens with the global economy, semiconductors represent progress. By its very definition, progress moves forward, not backward. * 10 Great Biotech Stocks to Buy in Q4 Granted, this sector features many threats which we'll discuss. Therefore, waiting for some of these names to come down would be an ideal move. But stay away altogether? I believe these five semiconductor stocks to buy have enough critical catalysts to survive this present onslaught. Lam Research (LRCX)Source: Shutterstock Typically, major semiconductor firms specialize in specific product categories, such as graphics processers. What makes Lam Research (NASDAQ:LRCX) stand out among other semiconductor stocks is its versatility and indispensability. Lam specializes in wafer fabrication equipment and services. According to the company's website, "nearly every advanced chip is built with Lam technology." Of course, this fact alone represents a long-term catalyst for LRCX stock.Moreover, this massive demand for the company's products and services is well reflected in the LRCX stock price. On a year-to-date basis, shares have gained over 73%. Better yet, this is a balanced rally. In the first half of this year, LRCX stock gained 42%. And in the second half so far, shares have increased in value by nearly 20%.While arguably most semiconductor stocks face incoming turmoil from the trade war mess, Lam may get a reprieve. Simply put, the company is too valuable for the global semi industry. Qorvo (QRVO)Source: Shutterstock Whenever individual investors face uncertainty, most financial advisors suggest portfolio diversity. Based on simple probabilities, you're more likely to have at least a few winners if you spread out your exposure. And among semiconductor stocks, Qorvo (NASDAQ:QRVO) has its hands occupied with multiple industry subsegments, services, and products.But what really makes me excited about QRVO stock is its expertise in the connected auto segment. Several months ago, I upgraded my ride to a very modern variant. For me, the most distinct change in the driving experience had to be its connectivity. The modern dashboard is no longer merely an information conduit but a genuine computer. With Qorvo taking the lead in this arena, I have high hopes for QRVO stock. * 10 Super Boring Stocks to Buy With Super Safe Returns Additionally, the tech firm specializes in radar, communications, and electronic warfare systems for the defense and aerospace industries. Given the rapidly devolving nature of our foreign policy, I'd say QRVO stock is a relevant pick. ASML Holding (ASML)Source: Shutterstock In life, there are two guarantees: death and taxes. With semiconductor stocks, we also have dual inevitabilities. Computer chips will decrease in size yet increase in performance. How this amazing trend continues to evolve year in and year out underlines the case for ASML Holding (NASDAQ:ASML) and ASML stock.Specializing in a process called semiconductor lithography, ASML utilizes proprietary technologies to print distinct patterns on a silicon substrate. Another word for silicon substrate is wafer. What makes ASML stock indispensable in the broader computing industry is the above reference trend. Chips are getting increasingly smaller, which requires unthinkably acute and precise machinery for lithography.Therefore, I'm not at all surprised that ASML stock has a similar price trend to Lam Research shares. On a YTD basis, ASML has gained over 58%. Furthermore, ASML, like LRCX, has printed a balanced rally in 2019. Skyworks Solutions (SWKS)Source: Shutterstock Shares of Skyworks Solutions (NASDAQ:SWKS) have technically undergone what you might expect from semiconductor stocks. While SWKS stock enjoyed a mercurial lift starting in 2014, by the spring of the following year, the equity started to stall. Over the trailing four-year period, Skyworks hasn't moved much.Interestingly, though, SWKS stock has formed what I perceive to be a pennant formation. Starting from mid-April of this year to the present, SWKS has charted a series of lower highs but higher lows. Technical analysts believe that at the apex of this formation, the target equity will either break out or break down. * 10 Cloud Stocks to Invest in the Future I believe the former is the more likely outcome. SWKS stock is all about the 5G rollout. Specifically, the company's next-generation transmitters are crucial for delivering 5G services to both residences and commercial buildings. Because this rollout will continue for several years throughout the world, you should keep Skyworks on your short list of semiconductor stocks to buy. Ambarella (AMBA)Source: Shutterstock Within this list of semiconductor stocks to buy, Ambarella (NASDAQ:AMBA) is easily the riskiest. Due to the heightened tensions in U.S.-China relations, AMBA stock has unfortunately taken the brunt of the damage. In the Oct. 8 session - a day after the White House blacklisted 28 Chinese companies - shares tanked almost 10%.That one move immediately dropped AMBA stock below its 50-day moving average, a common barometer of nearer-term strength (or weakness). However, it's important to note that Ambarella shares are still inside a longer-term bullish trend channel. Fundamentally, the current volatility should prove to be a viable buying opportunity because of Ambarella's specialty: vision processors armed with artificial intelligence.These AI processors offer multiple applications. In my opinion, the most important is security. As this technology advances, operators will be able to identify and respond to threats before they strike. Anything that can prevent a 9/11-style attack is a worthwhile endeavor. Thus, I have zero issue backing AMBA stock among my semiconductor picks.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Great Biotech Stocks to Buy in Q4 * 7 of the Best Stocks to Buy for Growth Investors * 5 Cheap Stocks to Buy That Are $5 or Less The post 5 Semiconductor Stocks Worth Your Time appeared first on InvestorPlace.
Pure Storage (PSTG), Skyworks Solutions, and Qorvo (QRVO) shares rose in early market trading today. So far, Skyworks has returned 4.6%, respectively.
Chipmakers Qorvo and Skyworks jumped early Thursday, and Apple bolstered the Dow, with stocks holding tight gains as China trade talks resume.
Skyworks' (SWKS) Wi-Fi 6 compliant connectivity solutions gain traction among notable companies offering mesh network and connected home devices.
Shares of Qorvo Inc. and Skyworks Solutions Inc. are rising in premarket trading Thursday after Cowen & Co. analyst Karl Ackerman upgraded the stocks to outperform from market perform. "In our minds, C2020 is shaping up to be synonymous with C2017 for the Apple [radio-frequency] supply chain - a period when both Qorvo and Skyworks re-rated higher," Ackerman wrote. He said that most investors have significantly discounted Huawei Technologies Co. Ltd. revenue to the point where a resolution in the trade dispute now represents an "upside lever." Ackerman raised his price target on Qorvo shares to $90 from $75 and upped his Skyworks target to $95 from $80. Qorvo shares have gained 5.7% over the past three months, while Skyworks shares have risen 1%. The S&P 500 is down 2.5% in that time.
Upside potential for the chipmakers stems partly from the potential of 5G telecom technology, analyst Karl Ackerman suggests.
After a jobs report that was mostly in line with expectations, investors bid up the market in relief. The question now is, can equities continue higher into earnings season? Let's look at a few top stock trades. Top Stock Trades for Tomorrow: Amazon (AMZN)A look at the Amazon (NASDAQ:AMZN) chart does not inspire much confidence. Remember, it's one of the least impressive FAANG stocks at the moment, as shares continue to struggle.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd now we enter the all-important fourth quarter. A glance at the charts shows us the breakdown below uptrend support (blue line), the 200-day moving average and the 61.8% retracement. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? Luckily, InvestorPlace readers were ready for the decline. What now, though?Shares almost tagged the lows from May, which also come into play near the 50% retracement. That area now becomes the must-hold spot for AMZN stock. Below there and the selling pressure can build.Unfortunately, there's a lot of overhead resistance between $1,750 and $1,800. I would feel better about buying AMZN on a deeper pullback or on a breakout over resistance than here at $1,735 hoping it continues higher. Top Stock Trades for Tomorrow: Lululemon (LULU)Shares of Lululemon Athletica (NASDAQ:LULU) have enjoyed strong gains through 2019. The stock has put in a series of higher lows along an uptrend support mark (blue line).That rough line held earlier this week, as did the 50-day moving average. We now see LULU stock breaking out of the descending wedge (purple lines) that it has been in since its post-earnings pop to new all-time highs.From here, let's see if LULU stock can continue higher and get back to $200. If it can, new highs over $204.44 are possible. Top Stock Trades for Tomorrow: Broadcom (AVGO)Broadcom (NASDAQ:AVGO) and a number of other chip-makers caught a boost on Friday thanks to positive news from Apple (NASDAQ:AAPL). The company will increase its iPhone production by roughly 10% thanks to stronger-than-expected demand.That benefits suppliers like Broadcom in obvious ways, and while some may wonder why we're looking at AVGO instead of AAPL, it's because our chart on Apple from Thursday is still in play.As for AVGO, shares are making notable progress by reclaiming the 100-day and 200-day moving averages, as well as uptrend support (blue line). Shares have been trading sideways in a very wide wedge for months now, as investors wait for AVGO to resolve either higher or lower.Near $280 it faces a trifecta of resistance, with the 20-day and 50-day moving averages, as well as the 38.2% retracement all in the same area. The silver lining is that it's already reclaimed notable levels on the day.So what's the play? A move over $280 could send AVGO up to downtrend resistance (black line), while a close over $285 could trigger a run back to $300-plus. Below $270 should concern the bulls. Top Stock Trades for Tomorrow: Skyworks Solutions (SWKS)You may notice a very similar-looking wedge pattern taking hold in Skyworks Solutions (NASDAQ:SWKS), which also had a strong day. On Friday, SWKS reclaimed its 200-day, 50-day and 20-day moving averages, and is now trading just below its 61.8% retracement.Over the 61.8% could send SWKS to downtrend resistance and possibly to last month's high near $84.35. Above that puts $88.24 on the table, the high from July. Below $74 would be cause for concern.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL and AVGO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post 4 Top Stock Trades for Monday: AMZN, LULU, AVGO appeared first on InvestorPlace.
(Bloomberg) -- U.S. prosecutors say Hao Zhang is a professor-spy who conspired with a colleague from the University of Southern California to steal and sell American secrets to the Chinese government and military through a shell company in the Cayman Islands.Zhang’s lawyers will try to show at a trial set for Wednesday that his work at one of China’s most prestigious technical universities to develop radio-filtering technology used in mobile phones has always been about advancing scientific knowledge -- and not for the benefit of the Chinese state.The trial comes amid an aggressive U.S. crackdown on Chinese theft of intellectual property that began under former President Barack Obama -- even before Zhang was arrested in 2015 when he flew to Los Angeles to attend a conference -- and has escalated during the Trump administration’s trade war with China.Zhang could face a lengthy prison term in the U.S. if found guilty of trade-secret theft and an even more serious charge, economic espionage. Such cases rarely go to trial, but Zhang’s is even more unusual because he has elected to defend himself before a judge in federal court in San Jose, California, instead of in front of a jury.The proceeding will last just one or two days, streamlined by the professor’s agreement not to fight evidence weighing against him that a federal prosecutor has described as “overwhelming.”Zhang is mounting what one legal expert calls a “damage control” defense in which he has conceded evidence including emails that the U.S. says contained trade-secret data and admissions he made while being questioned by the FBI.“It’s pretty common to only contest elements that are reasonably defensible, to avoid inflammatory or prejudicial evidence coming in on other elements that you are going to lose anyway, but which could color the rest of the case,” said Paul Chan, a lawyer who defends companies and individuals in trade-secret cases.Read More: U.S. Tour Guide Accused as Spy for China’s Security ServiceThe secrets Zhang allegedly stole came from a former employer, Skyworks Solutions Inc., based in Woburn, Massachusetts, and San Jose-based Avago Technologies Ltd., which acquired Broadcom Inc. in 2015. The technology at issue filters out unwanted signals in mobile phones and other devices, which has become more difficult as wireless products have become ubiquitous.Zhang went to work for Skyworks after earning his doctorate in electrical engineering at the University of Southern California in 2006. At USC he met Wei Pang, who went on to work at Avago and, according to prosecutors, was Zhang’s key co-conspirator. Both men returned to China to teach at Tianjin University, a premier technical school.At TJU, the professors allegedly used stolen information to refine radio-filter technology, apply for patents in the U.S. and China, and sell it through a company incorporated in the Cayman Islands.In 2015, prosecutor Matthew Parrella told the court that the U.S. has built an “overwhelming case” against Zhang based on email messages with Pang, in some instances containing proprietary information from Skyworks and Avago.These Are Some of Trump’s Weapons in China Trade Spat: QuickTakeThe government has proof of “overt act after overt act of this defendant emailing around trade secrets that he took, attempts to hide their business dealings, attempts to move the victim companies to China -- it’s extremely clear,” Parrella said.Zhang is the first of six defendants to go to trial -- and probably the only one because the others are in China. U.S. District Judge Edward Davila has yet to rule on whether Zhang’s mentor at USC, Professor Eun Sok Kim, can testify about what Zhang’s lawyers call a practice at the school’s laboratory of promoting a “free and open exchange of ideas.”Zhang “may be seeking to prove that, given the USC lab’s promotion of the ‘free and open exchange of ideas,’ he had no actual intent to benefit a foreign government,” Chan said. Prosecutors must prove the benefit to get enhanced penalties and fines under the economic espionage charge, he said.Prosecutors have objected to the proposed testimony but apparently haven’t objected to Zhang’s request that Kim also serve as a character witness. The professor has testified once before, in 2015 shortly after Zhang was arrested, to vouch for his former student’s release on bail.Kim said Zhang was a “reliable, conscientious person who never showed any sign of a deception.”“He worked with me for four years as he pursued his Ph.D., so I know him quite well, on his personal integrity and his work ethics and his disposition and life objectives -- at least as far as I can tell while he was a student with me,” he said. “So I had a pretty good opinion about him.”China’s Global Times daily newspaper has published numerous stories describing the plight of Chinese scientists, including Zhang, whose careers it says have been destroyed by U.S. prosecutions.“America has a long history of hunting for Chinese scapegoats as part of their efforts to curb China’s scientific and technological development,” the English-language newspaper said in a December article.The case is U.S. v. Hao Zhang, 15-cr-00106, U.S. District Court, Northern District of California (San Jose).To contact the reporter on this story: Joel Rosenblatt in San Francisco at email@example.comTo contact the editors responsible for this story: David Glovin at firstname.lastname@example.org, Peter Blumberg, Joe SchneiderFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
How far off is Skyworks Solutions, Inc. (NASDAQ:SWKS) from its intrinsic value? Using the most recent financial data...
Susquehanna Financial Group says the Chinese tech company has found alternatives to most U.S.-made radio-frequency semiconductors.
(Bloomberg) -- Qualcomm Inc. paid $1.15 billion to buy the rest of a partnership it had with Japan’s TDK Corp. The deal will help Qualcomm sell more chips for smartphones supporting the latest 5G wireless standard, the U.S. company said.The two firms set up their RF360 Holdings partnership in 2016 to design radio frequency components. Qualcomm contributed cash and TDK spun off its design and manufacturing assets into the endeavor, which was 51% owned by the San Diego-based company.Radio frequency components help convert radio waves into signals that semiconductors can turn into data. They are a crucial part of smartphones, and an important ingredient in a soup of chips and software that Qualcomm is concocting for makers of new 5G handsets.Qualcomm is already the biggest maker of modems for phones and also provides many of the processors that run software in handsets. It’s trying to combine all these elements into a single offering for smartphone makers. Taking control of the RF joint venture will make the company a bigger competitor to Skyworks Solutions Inc., Qorvo Inc., Broadcom Inc. and other industry players.Increasing mobile data speeds partly come from combining more bands of radio frequency. Modern smartphones access more than 50 bands, up from three in early data-capable phones more than a decade ago. That requires more complex RF components.To contact the reporter on this story: Ian King in San Francisco at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Alistair Barr, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Despite concerns that problematic inventory levels as well as flaring trade tensions would weigh down the semiconductor industry, the sector has still been able to grow with the VanEck Semiconductor ETF up 40% year-to-date. Adding to the good news for investors, one of the best-performing analysts believes that several catalysts could drive even more gains for semiconductor stocks. “Our prevailing takeaway is that the multi-quarter inventory correction, which started in earnest in July 2018, is largely over and inventory levels have bottomed. Despite the near-term macroeconomic volatility, we believe there will be a number of catalysts in 2020 that will have a positive impact the semiconductor industry,” Needham’s Rajvindra Gill wrote in a note to clients on September 11. Bearing this in mind, we used the TipRanks Stock Comparison tool to take a closer look at how a few of the stocks in this space stack up against each other. Our comparison was based not only on yearly gain, but also analyst consensus and average analyst price target. Here’s what we found out. Micron Technology Inc. Despite widespread volatility throughout the semiconductor space, shares of memory chip provider Micron (MU\- Get Report) have climbed 59% year-to-date, the highest out of the stocks on the list. Based on the improved outlook for the sector, even more gains could be on the way.According to Gill, the primary catalyst expected to drive growth for MU is an improvement in the memory cycle. Recently, MU experienced issues related to weaker DRAM and NAND demand and pricing as a result of higher inventories. DRAM, dynamic random-access memory, is used in desktop computers and servers, while NAND is flash memory that’s typically found in smartphones and solid-state hard drives. It should be noted that Needham’s research suggests that while NAND and DRAM supply levels remain higher than normal, the memory cycle is improving. Additionally, while price declines are slowing down, the deceleration hasn’t bottomed out with a normal supply and demand balance mostly likely expected through the first half of 2020. That being said, investors can expect a turnaround in 2020 thanks to several demand catalysts such as normalized hyperscaler spending, specifically at Microsoft (MSFT) and Amazon Web Services (AMZN), with the most notable driver being 5G. 5G smartphones represent a major upgrade cycle in 2020. According to Gill, the amount of 5G smartphones could reach 120 million to 140 million units at the mid-point in 2020. With every original equipment manufacturer (OEM) looking to get in on the trend, 5G creates several growth opportunities for MU. While some investors have expressed concerns regarding MU’s dependence on Huawei, Gill believes MU has “de-risked” its exposure going into Q3. As a result of all of the above factors, the five-star analyst kept his Buy rating and $50 price target.All in all, the Street takes a cautiously optimistic stance on MU. With 14 Buy ratings vs 5 Holds and 2 Sells assigned in the last three months, MU is a ‘Moderate Buy’. It has an average price target of $51, suggesting 0.04% upside. The low upside potential makes sense given the fact that share prices have soared year-to-date. Skyworks Solutions, Inc. Skyworks (SWKS\- Get Report) designs semiconductors for cellular infrastructure as well as for radio frequency applications. With shares already up 23% year-to-date, Gill has high hopes for SWKS thanks to 5G.Similar to MU, Skyworks is expected to get a significant boost in 2020 with the 5G smartphone rollout. The fact that the minimum requirement for every 5G phone is 6GB of DRAM bodes well for the company. However, Gill points out that 5G infrastructure could be an even bigger driver of growth.In order to make 5G a reality, mobile broad brand will need to be upgraded in order to enable higher data transmissions for portable devices. Networks also require very low latency as well as smart manufacturing. Telecommunication providers have ramped up efforts to get ready for 5G, with this especially apparent in China. In 2019, three major Chinese mobile operators increased their year-end base station deployments. Adding to the good news, 5G licenses were approved in June, earlier than previously expected. As a result, China bumped up its 5G base station deployments for 2020, with its overall target now at 500,000. “As operators are aggressively expanding the power supplies to meet requirements (5x increase in MOSFET usage in 5G radios and the expected 3-5x increase in the number of 5G base stations compared to those in 4G), SWKS stands to reap the benefits,” Gill noted. He adds that investors should take comfort in that fact that the company has also reduced its Huawei exposure. As a result, the Needham analyst maintained his Buy rating and $95 price target. He tells investors that SWKS could see a 16% gain in the next twelve months.The word on the Street is more mixed. 6 Buy ratings and 7 Holds received in the last three months add up to a ‘Moderate Buy’ analyst consensus. Its $87 average price target indicates 6% upside potential. Microchip Technology Inc. The last semiconductor stock on our list develops chips for many applications including displays, computing, wireless connectivity as well as several others. Despite being the target of recent negative media attention, Microchip (MCHP\- Get Report) could see its 32% year-to-date gain surge even more. Investors were not happy to learn on September 3 that the company maintained its lackluster guidance for second quarter fiscal 2020. Management stated that as a result of the U.S.-China trade war, it expects to see quarterly revenue fall between $1.323 billion and $1.375 billion. This was incredibly disappointing as it represents zero to 4% growth.That being said, Gill believes a turnaround could be on the way as shares are trading at a multi-year P/E discount based on its computer vision products and advanced driver-assistance systems (ADAS). The organic light-emitting diode (OLED) market could see a major investment cycle in the next two to three years. While OLED does cost about 5% to 10% more than LCD displays and takes slightly longer to manufacture, these costs are expected to narrow very soon.The flexibility of OLED displays makes the technology especially useful in touch IC applications. Based on this, Gill believes OLED will take over the industry which is good news for MCHP. “We think OLED will account for over 50% of the smartphone market. Our conversations point to rapid OLED adoption at the major OEMs and expanding OLED formats (flexible, rigid and foldable) across the high-end and mid-range portfolio,” he explained. As a result, Gill maintained his Buy rating and $100 price target on MCHP. He is confident that shares have the potential to gain 5% in the next twelve months. The rest of Wall Street mirrors the analyst’s sentiment. MCHP boasts a ‘Strong Buy’ analyst consensus as well as a $108 average price target, suggesting 14% upside potential, beating out both MU and SWKS in terms of each of these factors. Find Wall Street’s most loved stocks with the Top Analysts’ Stocks tool
Broadcom, Cirrus Logic, Cypress Semiconductor and Skyworks Solutions all stand to gain from Apple’s new lineup of iPhones, KeyBanc Capital Markets’ John Vinh said in a note to clients late Tuesday.
It's that time of year—Apple (AAPL), the world’s largest handset maker by revenue, is launching its new iPhones. Apple chip supplier stocks have rallied.