|Bid||103.04 x 1200|
|Ask||103.08 x 800|
|Day's Range||101.38 - 103.46|
|52 Week Range||64.15 - 141.60|
|Beta (3Y Monthly)||1.27|
|PE Ratio (TTM)||29.41|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||1.48 (1.23%)|
|1y Target Est||131.78|
Wall Street closed sharply higher on Tuesday after the U.S. government provided temporary relief to Huawei Technologies, allowing it to import U.S. inputs for the time being.
In the case of 5G wireless, the next global bump up in speed for smartphones, the chips are in the cabinet, the dip is still in the fridge, but the telecom industry is trying to convince you the party is started. It's going to take a long time, a very long time, for 5G wireless to be sufficiently widespread that the average consumer in the U.S. can take advantage of it.
Semiconductor ETFs Fall as US Chip Firms Stop Shipments to Huawei(Continued from Prior Part)The interdependence of the United States and China The United States is the biggest supplier and China is the biggest consumer of semiconductors in the
The Trump administration's latest ban on Huawei has slammed shares of these U.S. companies, who are major suppliers to Chinese telecom giant Huawei.
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.
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.