99.98 0.00 (0.00%)
After hours: 5:12PM EDT
|Bid||99.16 x 1800|
|Ask||101.98 x 900|
|Day's Range||98.86 - 103.62|
|52 Week Range||93.09 - 135.70|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||19.09|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||3.60 (3.53%)|
|Ex-Dividend Date||Jan 29, 2020|
|1y Target Est||124.11|
Revenue and profit estimates for the semiconductor industry continue to ratchet lower, amid a range of both supply-chain and demand issues.
The chipmaker can keep some of its sites humming after new "shelter in place" policies were rolled out in Dallas County, where the company has some of its operations.
Goldman Sachs analyst Toshiya Hari made a series of updates to his chip-sector ratings Tuesday, upgrading Intel Corp. shares to neutral from sell and Xilinx Inc. shares to buy from neutral. He also downgraded Texas Instruments Inc.'s stock to sell from neutral and removed Applied Materials Inc.'s stock from Goldman's conviction list while keeping a buy rating on that stock. On Intel, Hari said that "structural challenges remain" for the company but there are some potentially positive developments ahead, including strength in the high-end client CPU and server CPU markets due to the growing work-from-home trend. On Xilinx, Hari argues that the stock's "material underperformance" in recent months "should provide relative support in what is expected to be a time of heightened uncertainty," along with some positive business trends. For Texas Instruments, he worries that the company's vertically integrated model will hurt its margins and he also sees the possibility of share losses. Intel's stock is up 6.6% in Tuesday's session, while Xilinx shares are up 5.9%, Texas Instruments shares are up 4.2%, and Applied Materials shares are up 10%. The S&P 500 is up 6.1% in the session while the Dow Jones Industrial Average is up 6.9%.
Today we'll look at Texas Instruments Incorporated (NASDAQ:TXN) and reflect on its potential as an investment. To be...
(Bloomberg) -- Apple Inc. kept its business rolling through the coronavirus pandemic this week by launching a new iPad Pro and two new Macs. But that doesn’t mean its supply chain is in the clear.Deliveries of the new products will begin arriving on doorsteps next week. However, production of those devices likely started in early January, before the worst effects of China’s virus lockdown in February, according to people familiar with Apple’s supply chain.With a fresh round of supplier factory closures enforced by Malaysia, and the virus disrupting operations in much of the rest of the world, the iPhone maker’s supply chain has not fully recovered yet.Apple’s next flagship iPhones, with 5G wireless capabilities, are still on schedule to launch in the fall, although that’s partly because mass production isn’t due to begin until May, said the people. They asked not to be identified discussing private supply chain issues.“Even as China comes back on line, we are beginning to wonder if Covid-19 will impact other supply oriented geographies,” Brad Gastwirth, chief technology strategist at Wedbush Securities, wrote in a recent note to investors. “While China is improving, the supply chain for the electronics industry may yet see substantial disruptions.”An Apple spokesman declined to comment. Chief Executive Officer Tim Cook, the architect of the company’s China-focused supply chain, said Feb. 28 that production issues would be a “temporary condition.”Apple’s assembly factories in China, run mainly by Hon Hai Precision Industry Co., were in low gear for much of February. The manufacturing giant, also known as Foxconn, hopes to begin operating normally by the end of March.The February slowdown led to iPhone and AirPods supply constraints, but those have begun to subside. This week, Apple has been limiting iPhone purchases to two per customer on its online store in several countries. In early March, the company warned retail employees about shortages of replacement iPhones.One new product unveiled this week suggests there’s strain on Apple’s supply chain, but also shows the company can still mass produce gadgets given enough time. The keyboard accessory for the iPad Pro was announced Wednesday but goes on sale in May, an unusual delay.Read more: Supply Shock Is Wiping Out Hopes of Smartphone Sales GrowthMass assembly is only one part of Apple’s supply chain. The company and its many partners spend months or years sourcing individual components that are assembled into final products. Any disruptions in this complex network could slow the introduction of future devices.One person who works in Apple’s supply chain said not all operations are moving at normal speed because the flow of components to assemble is still slow. It will take another month or more to get parts moving steadily through the system, the person added.Jabil Inc., which makes iPhone casings, recently said its factories in China were “near normal,” while plants in other parts of the world were running 5% to 10% below capacity.“Most of that is due to supply chain issues. In some odd way, as we sit today, I think China is the least of our concerns,” CEO Mark Mondello told analysts during a March 13 conference call. “We’re able to accommodate all of the demand that’s in front of us as long as we can get parts.”A two-week lockdown in Malaysia is affecting several key suppliers that have operations in the country. Murata Manufacturing Co., Renesas Electronics Corp. and Ibiden Co., which make chips and circuit boards for Apple, have halted production there.Micron Technology Inc., which makes memory chips for Apple devices, is also impacted, but said an exemption allows “limited semiconductor operations to continue.” Texas Instruments Inc. and On Semiconductor Corp. have facilities in Malaysia, too.Apple has suppliers and operations in other countries that have been hammered by the virus, including Italy, Germany, the U.K. and South Korea.Samsung Display and LG Display Co. make iPhone screens in South Korea, while many Apple engineers working on cellular modems are based in Munich, Germany. Apple also operates former Dialog Semiconductor Plc facilities that work on power-management chips in Livorno, Italy, Nabern and Neuaubing, Germany, and Swindon, U.K.Apple has several hundred research and development engineers for future processors and underlying technologies in Israel, which is only letting citizens leave their homes for essential reasons, like buying food and medicine.Read more: Israel’s Netanyahu Orders Near Total LockdownIn the U.S., Apple has suppliers such as Corning Inc. for glass, and Qorvo Inc., Skyworks Solutions Inc. and Broadcom Inc. for wireless chips. Broadcom Chief Executive Officer Hock Tan said recently that the virus “is going to have an impact on our semiconductor business, in particular in the second half of the fiscal year.”Chips take months to make and test, and companies build up months of inventory. That means Apple and other device makers may not have seen the worst of the disruptions yet.The virus is likely challenging Apple’s ability to design and test early versions of future products in Silicon Valley, which is grappling with a shelter-in-place mandate. The company has instated a remote work order, save for some mission-critical employees, for all its offices outside of China.San Francisco’s Shelter-in-Place Order Shows U.S. What’s to ComeThese struggles have yet to severely derail the 5G iPhone launch in the fall. During China’s factory shutdown in February, Apple was able to build a limited number of test versions of the new models, one of the people familiar with the company’s supply chain said.Apple finalizes the majority of design features for new iPhones between November and December of the year prior to launch, the people said. It begins mass-producing new casings around April and then starts a late manufacturing stage called Final Assembly, Test and Pack in about May.Should Apple be unable to send full teams of engineers to China factories to finalize designs and resolve issues, this typical timeline could still slip, another person familiar with the company’s supply chain said.(Updates with Jabil comments in 12th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Semiconductor giant Texas Instruments is asking employees who can work from home to do so. The Dallas chip manufacturer said the changes are being made after guidance from global health organizations suggested the best way to contain the spread of the coronavirus is to limit human interaction, a spokesperson said in an emailed statement. “At TI, our employees’ health and well-being is our top priority," the spokesperson said.
Intel (NASDAQ:INTC) stock is going to make people a lot of money once the market stops falling.Source: canon_shooter / Shutterstock.com Since Feb. 19, shares have dropped from $67 to their March 12 price of below $50. This has taken the price-to-earnings ratio below 12, and the dividend yield to almost 2.5%. The company had free cash flow of almost $17 billion last year so it's selling at just 13 times that.It's hard to think of bargains when you can't look at your portfolio, but if there's some cash or equivalents there it's time to count it. When the Dow Jones stops dropping, the rebound is going to be swift. There is an enormous amount of money on the sidelines, and there was even before the coronavirus from China.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSome of that will go into Intel. Made Some MistakesIntel remains a flawed company that didn't get the full benefit of the tech sector's run-up. Under CEO Robert Swan it is being run out of the finance department. Its fabrication plants are now considered second-rate compared with those of Taiwan Semiconductor (NYSE:TSM). Even management admits that its 10 nanometer production will be less profitable than what it produced at 22 nm, because of competition. Hedge funds were dumping it even before the virus hit. * The 10 Best Stocks to Buy After The Market's Historic Sell-Off Despite this, Intel stock has gotten the full brunt of the downturn, with shares down by about one-quarter. The company known as "Chipzilla," co-creator of the integrated circuit with Texas Instruments (NYSE:TXN), is no longer considered best of breed.Intel's old chips are highly insecure. The latest bug, called LVI, was found by teams of university researchers and will require a complete redesign to fix. It impacts five years of production.Intel is finding it hard to crack the memory market, after breaking with Micron Technology (NASDAQ:MU) a few years ago. Intel may have to work closely with Micron to meet its own needs.After telling people to work from home and banning travel to China, Intel then found an employee tested positive for the coronavirus after visiting its Arizona plant. Green ShootsWhy, then, am I telling you to fit this dog into your portfolio?First, you don't need to have the best chips to sell into the cloud. You need the most chips, and the cheapest chips. Intel isn't going to lose its data center business.Second, Intel is about to take this bargain approach into other niches. It has announced a full range of networking silicon for 5G mobile networks. It thinks it can grow that part of the business from $5 billion per year to $25 billion in three years. Through Barefoot Networks, acquired for $7 billion last year, Intel is demonstrating switches that run data at 12.8 Terabytes/second. This will expand its reach in the data center market.Intel may be second-rate, but it does rate. It expects to have 7 nm chips in production next year, and still hopes to lead when the industry gets to 5 nm a few years later. The Bottom Line on Intel StockIntel doesn't have to be the innovation leader to make money in chips. In the cloud era it's how many competitive chips you make that determines how much money you make.Intel is one of only four companies making microprocessors. The others are Samsung Electronics (OTCMKTS:SSNLF), Taiwan Semiconductor and privately held Global Foundries. The capital constraints of Moore's Second Law, in which manufacturing costs rise with chip complexity, guarantee it a place in the future.Given that reality, and its financial strength, Intel's comeback after the virus is guaranteed.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy After The Market's Historic Sell-Off * 9 Gold Stocks to Stave Off Coronavirus-Induced Volatility * 7 Stocks to Buy After International Women's Day The post Intel Stock Is Worth a Look When the Market Stabilizes appeared first on InvestorPlace.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term […]
North Texas is enduring some technology-conference pushback of its own. The event, which was to be held at the Kay Bailey Hutchison Convention Center Dallas, focuses on education, using the company’s technology to get students excited about learning math, science, coding and more. Tech-related conferences are getting scrapped around the country as concerns about the spread of the coronavirus discourage travel and large gatherings.
Texas Instruments (TI) (Nasdaq: TXN) today introduced a new 40-A SWIFTTM DC/DC buck converter, offering first-of-its-kind stackability of up to four integrated circuits (ICs). The TPS546D24A PMBus buck converter can deliver up to 160 A of output current at an 85°C ambient temperature – four times more current than competing power ICs. The TPS546D24A has the highest efficiency of any 40-A DC/DC converter, allowing engineers to reduce power loss by 1.5 W in high-performance data center and enterprise computing, medical, wireless infrastructure, and wired networking applications. For more information, see www.ti.com/TPS546D24A-pr.
"We’re just going to have to wait and see how things play out over this quarter and the rest of the year," TI CFO Rafael Lizardi said.
Certain chips used in medical devices may be vulnerable to hackers through their Bluetooth functions, the Food and Drug Administration said Tuesday. The FDA said that SweynTooth, also known as Bluetooth Low Energy, used in medical devices such as pacemakers, stimulators, blood glucose monitors and insulin pumps, is vulnerable to hackers who can use the Bluetooth function to crash or compromise the device. Chip suppliers affected by the vulnerability include Texas Instruments Inc. , NXP Semiconductors NV , Cypress Semiconductor Corp. , Dialog Semiconductors PLC , Microchip Technology Inc. , STMicroelectronics NV , and Telink Semiconductor, the FDA said. "To date, the FDA is not aware of any confirmed adverse events related to these vulnerabilities," the agency said in a statement. "However, software to exploit these vulnerabilities in certain situations is publicly available."