|Bid||100.40 x 900|
|Ask||100.44 x 1100|
|Day's Range||97.68 - 101.96|
|52 Week Range||64.15 - 141.60|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||29.07|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.48 (1.23%)|
|1y Target Est||131.78|
Chipmakers were under pressure led by declines in Qualcomm and Xilinx, which tumbled 4.3% and 3.5% respectively. Xilinx also dropped 3.5%. The drop came after the U.S. blacklisted Huawei and effectively halted its ability to buy American-made parts and components.
Xilinx stock has been on a tear for much of this year, but the risk of U.S. government sanction against China’s Huawei could halt the chip maker’s gains, Nomura Instinet warns.
Alphabet Inc.’s Google and another U.S. chip maker have begun to comply with U.S. restrictions on Huawei Technologies Inc., with other companies also reportedly falling in line.
Lumentum is the canary in the coal mine, and investors should prepare for a slew of guidance cuts from other tech equipment suppliers. Xilinx, Nvidia, and Intel could be among the stocks at risk, according to analysts.
Apple and Intel dragged the Dow Jones, chips weighed broadly on the stock market Monday, as U.S. action against China's Huawei took hold.
While the sector has been one of the biggest casualties of the escalation of trade tensions between the U.S. and China, news on Monday that some Huawei Technologies Co. suppliers are said to have halted shipments to the Chinese company sent chipmakers plummeting. The Philadelphia Semiconductor index fell as much as 3.3% in New York, its biggest drop in a week, while in Europe, the Stoxx 600 Technology Index slid 3%. The company said in a statement that it cannot predict when shipments will resume.
U.S. chipmakers Intel, Xilinx, Broadcom and Qualcomm have also reportedly told their employees not to sell chips or components to Huawei.
A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.
Chipmakers including Qualcomm Inc., Xilinx Inc. and Broadcom Inc. have told employees they won’t supply to the Chinese electronics giant until further notice, Bloomberg News reported late Sunday in the U.S. Those companies will need clarification from the Trump administration on whether they can ship to Huawei, so for now it seems they’re erring on the side of caution. The prospect that the U.S. government would cut off the supply of components to Huawei was precisely what management had been anticipating for close to a year, Bloomberg News reported Friday.
Xilinx stock has shot up remarkably thanks to the 5G catalyst, but that isn't the only reason you should be investing in it.
This Jim Cramer favorite plunged plunged 7.7% Thursday and made a new low for the move down Friday. Trading volume increased Thursday and the daily On-Balance-Volume (OBV) line made a new low for the move down -- a sign of more aggressive selling. The trend-following Moving Average Convergence Divergence (MACD) oscillator has sunk to a new low too.
Following strong words from state-run Chinese media overnight, indexes overseas sunk back down and have sent U.S. futures into the red.
The most shocking thing about today's market rally was that it made perfect sense, Jim Cramer told his Mad Money viewers Thursday. Investors are finally starting to figure out which stocks win and which ones lose from the ongoing trade war with China as earnings per share are again starting to matter. Cramer said Walmart may see less impact from tariffs than people expect, given the retail giant can source products better than anyone.
WASHINGTON/NEW YORK, May 16 (Reuters) - The Trump administration on Thursday officially added China's Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies. The Commerce Department issued a rule, promised on Wednesday, putting Huawei and 68 affiliates in more than two dozen countries on its so-called Entity List, a move that bans the company from buying parts and components from American firms without U.S. government approval. The U.S. government will review license applications under a "policy of presumption of denial," according to a posting on the Federal Register.
President Trump's move to curb Chinese firm Huawei's access to U.S. technology drove down shares in several U.S. tech firms, including NeoPhotonics, Lumentum, Xilinx, and other suppliers.
Semiconductor Stocks Fall as Trump Imposes Ban on HuaweiTrump imposes a ban on Huawei Semiconductor stocks fell once again as President Trump played another card in the United States’ trade war with China. Trump declared a national emergency,
The Dow Jones Industrial Average has flattened the market bears, rising nearly 3% from a near-term low. The Nasdaq is also showing renewed strength.
Shares of several communication chipmakers fell sharply Thursday following the news that the U.S. Commerce Department was adding Huawei Technologies and dozens of its affiliates to an "Entity List" that would greatly restrict its ability to buy components from U.S. companies. , another communications chipmaker that got about 14% of its revenues from Huawei in 2018, according to Stifel, was trading down more than 13%. appeared to get a boost from the news, however, with Nokia trading up more than 4% on the New York Stock Exchange and Ericsson up around 2% on Nasdaq.
CNBC's Jim Cramer makes the case for why holding onto shares of chips suppliers in the middle of the China trade war may come with risk.
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.