|Bid||102.90 x 800|
|Ask||104.94 x 1400|
|Day's Range||99.50 - 102.53|
|52 Week Range||87.56 - 141.60|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||27.61|
|Earnings Date||Jan 27, 2020|
|Forward Dividend & Yield||1.48 (1.46%)|
|Ex-Dividend Date||Nov 06, 2019|
|1y Target Est||108.30|
Xilinx's (XLNX) Q3 fiscal 2020 earnings are likely to have gained from the Solarflare buyout. However, the impact of the Huawei ban and other trade-related anxieties might have been deterrents.
Xilinx, Inc. (NASDAQ: XLNX), the leader in adaptive and intelligent computing, today announced that it has filed claims against Analog Devices, Inc., asserting infringement of eight United States patents in the United States District Court for the District of Delaware. The lawsuit details the unauthorized use by Analog Devices of certain Xilinx technologies involving serializers/deserializers (SerDes), high-speed analog-to-digital converters (ADCs) and digital-to-analog converters (DACs), as well as mixed-signal devices targeting 5G and other markets. In addition to seeking damages, Xilinx is requesting that Analog Devices be enjoined from selling, offering to sell, or importing into the United States, products that infringe Xilinx’s asserted patents.
Synaptics Inc. shares are up 3% in premarket trading Thursday after Mizuho analyst Vijay Rakesh upgraded the stock to buy from neutral and raised his price target to $77 from $46. The second half of this year, with the expected launch of more 5G handsets and OLED devices, could benefit Synaptics, he wrote. "In addition, we believe Synaptics could be well positioned for an upcoming iPhone win with touch especially as current iPhone incumbent Broadcom looks to sell its handset RF/touch segment. We also see new management focus on driving more operating-expense control and operating leverage." Rakesh also downgraded shares of Xilinx Inc. to neutral from buy, writing that the base-station rollout in China is experiencing "a more pronounced near-term pause." Xilinx shares have added 4.4% over the past three months, as Synaptics shares have surged 69%. The S&P 500 has gained 10% in that span.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co., a major chipmaker to Apple Inc. and Huawei Technologies Co., has recruited rival Intel Corp.’s former top lobbyist Peter Cleveland to spearhead an unprecedented effort in Washington to mitigate impact from U.S.-Chinese trade tensions.The world’s biggest contract chipmaker joins a growing number of companies with Chinese business interests that are stepping up U.S. lobbying, aiming to gauge and lessen the fallout from Washington’s ongoing dispute with Beijing. The Taiwanese company indicated in July it was considering starting government relations operations in the U.S.Cleveland, who headed Intel’s lobbying effort for over a decade, updated his LinkedIn profile this month to reflect new responsibilities including representing TSMC on policy, legislative and regulatory matters. There’s been speculation U.S. sanctions may affect TSMC’s shipments to Huawei. But the Taiwanese chipmaker has publicly quashed talk of U.S. pressure for it to stop supplying its No. 2 customer, which Washington blacklisted and views as a national security threat.Read more: TSMC to Keep Supplying Huawei, Quashes Talk of U.S. Pressure“Peter Cleveland is helping TSMC enhance communications with stakeholders including government officials at a global level,” TSMC spokeswoman Nina Kao told Bloomberg News by phone, adding Cleveland is based in Washington D.C.While there have been TSMC staffers tasked with similar responsibilities previously, Cleveland’s arrival coalesces the effort under one independent position, according to Kao. TSMC plays an indispensable role in the global semiconductor industry, commanding more than 50% of the global foundry market. U.S. and Chinese tech companies from Advanced Micro Devices Inc. to Nvidia Corp. rely on it for the production of their most advanced chips.It joins a wave of companies that in recent months have begun to play a more active role in lobbying Washington. Huawei spent a company-record $1.8 million on federal lobbying in the past quarter as it struggled against U.S. sanctions that deprived it of key components or software from American suppliers like Intel, Xilinx Inc. and Alphabet Inc.’s Google. TikTok, the popular music-video app owned by Beijing-based ByteDance Inc., is also expanding its U.S. lobbying operations.Huawei is TSMC’s largest customer after Apple, according to Bloomberg supply chain data, contributing roughly 10% of the chipmaker’s revenue. Cleveland managed 200 attorneys and policy professionals while at Intel, and his areas of expertise include antitrust reviews, 5G spectrum allocations, and global IP enforcement and protection, according to his LinkedIn profile. Before Intel, he served as California Senator Dianne Feinstein’s chief of staff.Read more: Trump’s Blacklisting of Huawei Is Failing to Halt Its Growth\--With assistance from Ian King and Vlad Savov.To contact the reporter on this story: Debby Wu in Taipei at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor 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.
Longtime chip leader Nvidia offers a new buying opportunity, with caveats. Here is what fundamental and technical analysis says on buying shares now.
2019 was a turbulent year for the semiconductor industry, to say the least. Trade issues between the US and China, slowing demand for smart devices, and tumbling memory chip prices all played their part. However, the industry has continued to exhibit strong growth. The PHLX Semiconductor Sector Index’s (SOX) 60% gain easily beats the S&P 500’s impressive 29% increase this year.As the 2020s kick into gear, the industry stands to benefit from several tailwinds: the wider deployment of 5G networks, the increasing amount of Internet of Things (IoT) devices, the growth of artificial intelligence (AI), data centers and storages - all of which count on the semiconductor industry.Against this backdrop, investment firm Rosenblatt Securities recently issued a report with the firm's three semiconductor picks for 2020. Using TipRanks’ Stock Comparison tool, we lined up the three alongside each other and got the lowdown on what the new decade has in store for the firm’s choices. Let’s take a look.Advanced Micro Devices (AMD)One of the past year’s best performers is semiconductor powerhouse Advanced Micro Devices. Gaining 148%, it was one of the S&P 500’s most impressive growth stories in 2019.Throughout the year, the company fired on all fronts; AMD has taken advantage of Intel’s shortages in the low end of the PC market and has bitten a decent chunk out of its rival’s market dominance; It has partnered with Google on its Stadia cloud gaming service, which uses a custom AMD GPU; Tencent announced its cloud-computing service will use AMD’s second-generation EPYC processors. Furthermore, the company has seen new products such as the Ryzen third generation processors fly off the shelves.Following all the good news, is AMD about to slow down in 2020? Not according to Rosenblatt’s Hans Mosesmann, who thinks AMD is “poised for P/E multiple expansion in 2020.”The analyst said, “We view 2020 as a year that will continue the early momentum in CPU share gains in 7nm desktops/servers, and see limited competitive threats slowing the momentum train for the upcoming new 7nm mobile Ryzen. In a narrative that has yet to gain traction or interest from the Street, we see AMD’s roadmaps as unique and strong in both x86 CPUs and GPUs, which have a fundamental advantage in high performance computing (the Frontier supercomputer, for example, uses tightly coupled AMD CPUs and GPUs), and have yet to be copied (Intel has tried the GPU dance for 20 years) or are not legally possible (lack of an x86 license) for Nvidia.”Accordingly, then, the 5-star analyst reiterated a Buy rating on AMD along with a price target of $65, implying potential upside of 42%. (To watch Mosesmann’s track record, click here)But the Street does not share this optimism, as the consensus price target of $40.24 suggests a downside potential of nearly 18% from the current share price. This could be due to several reasons; either AMD has soared so high during 2019 that a number of analysts think the time for a pullback is near, or that some have simply not updated their models, yet. Either way, it remains to be seen if the bulls or the bears dictate AMD’s upcoming year. (See AMD stock analysis on TipRanks)Micron Technology (MU)A fellow chipmaker beating the rest of the market in 2019 is Micron. The memory chip specialist closed out the year up 69% despite some serious headwinds along the way.The company took a hit earlier in the year when it had to suspend shipments to its Chinese client, Huawei, as a result of the US-China trade war. Additionally, an oversupply on top of a lack of demand, bought memory chip prices down. Of the former, Micron was able to circumvent the embargo by exploiting a loophole which showed that a “subset of current products” was not “subject to export administration regulations and entity list restrictions.” Of the latter, Rosenblatt's Mosesmann notes, “We saw clear incremental market signals of shortages (in server DRAM and NAND SSDs), contract prices starting to improve, and Micron/industry supply discipline pointing to a desirable and broader S/D balance as 2020 plays out.”Mosesmann added, “Cycle naysayers or investors looking for broad and unambiguous evidence of a cycle turn will miss the next significant move in the shares, we believe, and it is their timidity that provides us the opportunity entering 2020. Micron is clearly a better company in virtually all dimensions, with a richer/stickier product stack, a model that is delivering 50% FCF to investors, and sports an investment grade credit rating from the three key major credit agencies.”The bullish thesis has the Rosenblatt analyst reiterating a Buy on Micron stock alongside a $100 price target. Should the target be met, investors will be taking home over 80% gain in the coming year.The Street is with the bulls on Micron but is not quite as enthusiastic as Mosesmann. The analysts’ average price target comes in at $62.36 and presents upside potential of 13% from current levels. (See Micron stock analysis on TipRanks)Xilinx Inc (XLNX)Not quite hitting the giddy heights of Rosenblatt’s two previous choices is chipmaker Xilinx. The FPGA circuit inventor finished 2019 up by 15%, way behind the PHLX Semiconductor Sector Index’s gain.So, what gives? Xilinx made a strong start to the year following the deployment of 5G networks in South Korea, but the company was hit hard by the trade war. Unlike Micron, it was unable to resume its shipments to Huawei.With the tensions between the two superpowers easing and 5G set for wider roll out across different countries in 2020, Xilinx, according to Rosenblatt’s Hans Mosesmann, stands to benefit. The analyst said, “We see 5G stabilizing in 2020 and continue to view the 5G cycle for Xilinx to be several times larger than current ~$400 million/year baseline 4G business.”Furthermore, Mosesmann pushes the bullish case by noting “FPGAs are at the very early innings of a secular growth dynamic in compute acceleration.”“FPGAs appear to be in the early days of a next wave in computing, reminiscent of when compute GPUs inflected 5-7 years ago for Nvidia (with massive attendance growth at the GPU Technology Conference events), coincident with the decline and eventual cancellation of the Intel Developer Forum (IDF),” the 5-star analyst further added.Xilinx, therefore, is a top pick for Mosesmann, who reiterated a Buy rating on the stock alongside a price target of $165. This conveys the analyst’s belief that the chipmaker can soar nearly 70% in 2020.Following the pattern to a T, the rest of the Street is positive on XLNX, but not quite to the same extent. The Street’s average price target of $111.85 indicates that upside of 11% could materialize over the next 12 months. (See Xilinx price targets and analyst ratings on TipRanks)
The autonomous technology and robotics themes fit the bill as disruptive technologies and both have been receiving increased attention in 2019. Additionally, plenty of ETFs address these investment concepts, but a case can be made that few do it as well as the ARK Autonomous Technology & Robotics ETF (ARKQ). ARKQ, an actively managed ETF that's more than five years old, is known in large part for having one of the largest weights to Tesla (11.58%) among all ETFs and that makes sense given Tesla's autonomous vehicle footprint.
Keysight (KEYS) is well poised to benefit from booming 5G network emulation market, increasing proliferation of IoT and robust adoption of advanced defense solutions, in 2020.
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
U.S. equities made another new high on Friday -- and no, I didn't just copy and paste that from every other day this week. That said, it's pretty clear bulls are in control at the moment. Let's look at a few top stock trades for Monday, the last full trading day before the holidays. Top Stock Trades for Tomorrow No. 1: Uber (UBER)Source: Chart courtesy of StockCharts.comIt's a Christmas miracle, with Uber (NYSE:UBER) finally putting together some bullish developments.Earlier this month, the stock notched a higher low, allowing us to draw an uptrend mark (purple line) on the chart. Then it pushed through the 50-day moving average and the $30 level.InvestorPlace - Stock Market News, Stock Advice & Trading TipsObviously the stock still has a lot to prove, but it's making positive steps. It's also a great example of why traders should keep an open mind and do their best to approach each stock without a bias. * 7 Vaping Stocks to Get into Ahead of the Crowd If Uber can stay above $30, the 61.8% retracement at $33.79 may be the next stop. On a move below $30 and the 50-day moving average, see if uptrend support buoys the name. Top Stock Trades for Tomorrow No. 2: Netflix (NFLX)Source: Chart courtesy of StockCharts.comMan, Netflix (NASDAQ:NFLX) has been on a tear lately. Just earlier this month, it was flirting with a breakdown below $290. Now up near $336, the rally has added almost $50 to the stock price.Is it running out of gas?Earlier this year, the $340 level was big-time support, along with the 200-day moving average. NFLX didn't have much trouble reclaiming the latter, but as it nears the former in an overbought condition, prudent bulls are surely raising stops and booking some profits.If NFLX surges through $340, a gap-fill up near $360 will surely be bulls' preferred target. If $340 is resistance, see if the 200-day moving average acts as support. Below puts uptrend support in play. Top Stock Trades for Tomorrow No. 3: Xilinx (XLNX)Source: Chart courtesy of StockCharts.comNot one we visit with often, but Xilinx (NASDAQ:XLNX) was popping up on traders' radars Friday.After breaking out over downtrend resistance earlier this month, shares have been consolidating in a tight range between $96 and $97.50. Moving out of it now, it faces a big test of $100.Over that mark, and bulls will look to fill the September gap up toward $103, then possibly take shares up to the 200-day moving average.If XLNX can't break out over $100, see that it holds up near its prior consolidation zone (between $96 and $97.50). Below puts the 50-day moving average on the table, and below that, $90 range support could be next. Top Stock Trades for Tomorrow No. 4: Advanced Micro Devices (AMD)Source: Chart courtesy of StockCharts.comAdvanced Micro Devices (NASDAQ:AMD) continues to make beautiful move after beautiful move. The latest comes on Friday, as shares break out of a bullish pennant and race to new highs.From here, AMD could kickstart another rally, possibly above $45. The higher it goes, the more traders are going to be pushing for $50.On a pullback, though, see that it finds support from the rising 20-day moving average and uptrend support (blue line). Below that and the prior high area between $41.79 and $41 needs to support AMD. Otherwise, it may need more time to consolidate.Until then though, let's try not to get too bearish. The whole market has been strong and being too early to the party -- either bulls on a pullback or bears on a rally -- can result in a nasty burn to the ego and the brokerage account. They say "don't fight the trend" for a reason.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Vaping Stocks to Get into Ahead of the Crowd * 5 Retail Stocks That Are Winning Big This Holiday Season * Make the Shift Toward Value Stocks With These 5 Picks The post 4 Top Stock Trades for Monday: UBER, NFLX, XLNX, AMD appeared first on InvestorPlace.
Star Wars investing lessons: from "you are not a Jedi yet" to "size matters not." Trade like a Jedi with Disney, Shopify and Copart.
(Baidu 2019 Apollo Ecosystem Event) - Xilinx, Inc. (NASDAQ: XLNX), the leader in adaptive and intelligent computing, today announced that the Xilinx® Automotive (XA) Zynq® UltraScale+™ MPSoC (XAZU5EV) is powering Baidu's production-ready Apollo Computing Unit (ACU)-Advanced platform for Automated Valet Parking (AVP), the industry's first dedicated computing solution for AVP. The ACU is Baidu's advanced in-vehicle computing platform for autonomous driving. ACU-Advanced is the first production-ready AVP controller enabled by an XA Zynq UltraScale+ MPSoC.
It's early days in the 5G wireless networks buildout. What 5G stocks will get a boost? The top 5G stocks in which to invest include chipmakers, network gear and fiber-optics makers.
Post acquisition, Habana Labs will continue to operate as Intel's (INTC) separate business unit and will report to the Data Platforms Group.
In this article we are going to estimate the intrinsic value of Xilinx, Inc. (NASDAQ:XLNX) by projecting its future...
With 5G wireless mobile phones on the way, the time has come to buy shares of the key radio component vendors, according to BofA Global Research.