|Bid||125.25 x 2200|
|Ask||125.31 x 900|
|Day's Range||123.08 - 125.91|
|52 Week Range||62.54 - 127.70|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||38.03|
|Earnings Date||Apr 24, 2019|
|Forward Dividend & Yield||1.44 (1.18%)|
|1y Target Est||112.25|
These emerging tech trends have created new consumer demand, and the semiconductor makers are delivering. So, let's check out three Zacks buy-ranked semiconductor stocks that investors might want to consider right now.
The best tech stocks aren't hard to find, as long as you're targeting stocks with healthy fundamentals and bullish charts.
Cadence (CDNS) IP solutions are utilized in the recently rolled out Arm Neoverse N1 SDP developed in collaboration with Xilinx and TSMC.
The stock market's uptrend remains in strong shape through middle of March, even as the distribution day count is high. More top stocks have made nice progress since early January.
Nvidia's purchase of Mellanox Technologies for $6.9 billion is a defensive move, a maneuver meant to keep the asset out of the hands of rival Intel, Wall Street analysts said Tuesday.
NVDA, AMD, MRVL, CY: Semiconductor Stocks on the RiseNVIDIA stock surged on Monday The stock of chipmaker NVIDIA (NVDA) closed 6.97% higher at $161.14 after the company announced its biggest-ever acquisition deal to buy data connectivity company
Arm, Cadence Design Systems, Inc. (CDNS) and Xilinx, Inc. (XLNX) today announced the delivery of a new development platform, silicon-proven on TSMC’s (TWSE: 2330, NYSE: TSM) 7nm FinFET process technology, for next-generation cloud-to-edge infrastructure based on the new Arm® Neoverse™ N1 platform. The Neoverse N1 System Development Platform (SDP) is also the industry’s first 7nm infrastructure development platform enabling asymmetrical compute acceleration via the CCIX interconnect architecture and is available to hardware and software developers for hardware prototyping, software development, system validation, and performance profiling/tuning.
Xilinx Inc NASDAQ/NGS:XLNXView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for XLNX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting XLNX. Money flowETF/Index ownership | NegativeETF activity is negative but appears to be improving. Over the last one-month, outflows of investor capital in ETFs holding XLNX totaled $676 million. However, outflows appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, but is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The consolidation wave in the semiconductor space continues. The latest deal was announced today, with Nvidia (NASDAQ:NVDA) agreeing to shell out nearly $7 billion for Mellanox Technologies (NASDAQ:MLNX). But of course, there were various bidders for the deal, like Xilinx (NASDAQ:XLNX) and Microsoft (NASDAQ:MSFT). Yet perhaps the most interesting was Intel (NASDAQ:INTC). So far the impact on Intel stock has been negligible, but I still believe the merger is concerning for INTC.Source: Shutterstock The merger does make a lot of sense for both MLNX and NVDA, as both companies have been long-time partners. They also are leaders in the category for high-performance computing. NVIDA, for example, develops GPUs (Graphics Processing Units) whereas Mellanox focuses on technologies for internet connections. (Both companies developed the world's two fastest super computers for the U.S. Department of Energy.) With the transaction, the combined company will power more than 250 of the world's 500 largest supercomputers. The Implications for Intel StockSo then, what are the implications of the NVDIA/Mellanox combination? Well, so far, the impact on the INTC stock price is negligible. INTC is up about 2.5% since the announcement. And yes, as has been the case with many other tech operators, INTC stock has been rallying lately, up about 18% since late December. * 7 Dark Horse Stocks That Deserve Your Attention in 2019 Yet I think the merger should still be concerning (hey, after all, it was Intel's former CEO Andy Grove who once said "Only the paranoid survive").Generally, the company's deal making has been relatively quiet. It most recently acquired Mobileye in March 2017 for the price of $15.3 billion. But if anything, I think Intel should have been more aggressive in going after MLNX.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe reason? For the most part, it's about AI (artificial intelligence). The market is ripe for secular growth and should be a driver for Intel stock.According to a report from International Data Corporation (IDC), the spending for AI and cognitive technologies is expected to go from $24 billion in 2018 to a whopping $77.6 billion in 2022. This is a 37.3% annual growth rate.A key for this will be creating next-generation chips and networking systems. As NVIDIA's press release notes:"Datacenters in the future will be architected as giant compute engines with tens of thousands of compute nodes, designed holistically with their interconnects for optimal performance."A critical piece of this will be the kind of technology that MLNX offers. Keep in mind that its InfiniBand interconnect technology is becoming a must-have for hyperscale datacenters. It may also prove essential for autonomous vehicles and the development of next-generation quantum computers.Now it's true that INTC has not been sitting by and doing nothing. The company has been ramping its efforts with high-performance computing -- such as with its Cascade Lake semiconductors -- and has a strong InfiniBand business.INTC has also been investing much more in AI. For example, there is the Intel Nervana Neural Network Processor for Inference (NNP-I), a system that's built specifically to handle deep learning models. As a testament to the technology, INTC has partnered with Facebook (NASDAQ:FB), which should allow for testing with huge amounts of data.What's more, INTC has plans to integrate AI capabilities in its 10nm PC processor. This chip is expected to launch in the fourth quarter. The Bottom Line on Intel StockAll in all, I still think the bull case remains intact for Intel stock. The product roadmap looks solid and the company has a massive global infrastructure. So INTC should see growth in the years to come.Intel stock price is also at a reasonable valuation, with the forward price-to-earnings multiple at a mere 11x. The dividend is at a decent 2.4% as well. * The 10 Best Stocks to Buy for the Bull Market's Anniversary Granted, even though I think Intel stock lost an opportunity with MLNX, it is not a decision that will derail the company. But going forward, it may be a good idea for management to be willing to pay higher premiums, especially as the chip market continues to get more competitive.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. 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 * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post Nvidia Acquires Mellanox: What Does the Deal Mean for Intel Stock? appeared first on InvestorPlace.
Your Guide to the NVIDIA-Mellanox DealNVIDIA-Mellanox dealThings are heating up in the semiconductor M&A (mergers and acquisitions) space, and this time, Israel-based big data connectivity company Mellanox (MLNX) is the target.On March 10,
The all-cash offer of $125 per share represents a premium of 14 percent to Mellanox's closing price on Friday. Mellanox shares rose 8.2 percent to $118.35 and Nvidia shares gained 7 percent to $161.23 on Monday. Nvidia, once known as a provider of gaming chips, now also provides chips to speed up artificial intelligence tasks such as teaching servers to recognise images.
After a disappointing 2018, in which all the three major stock indexes closed in the red owing to severe volatility, Wall Street has made a spectacular comeback this year.
Mellanox was reportedly in talks with data center chipmaker Xilinx, Inc. (NASDAQ: XLNX) to sell itself in February but talks broke down, Israeli news sources reported. Nvidia Founder and CEO Jensen Huang said the emergence of artificial intelligence and data sciences coupled with billions of users is "fueling skyrocketing demand on the world's datacenters." The acquisition of Mellanox will address this surge in demand.
Nvidia (NASDAQ:NVDA) has submitted an bid to buy Israeli chip designer Mellanox Technologies (NASDAQ:MLNX), according to a report Sunday on the Israeli financial news outlet Calcalist's website.Nvidia would be competing with Intel (NASDAQ:INTC) which has already offered $6 billion for the Israeli company, Calcalist said. It cited estimates that Nvidia would pay at least 10% more than the price offered by Intel. The report speculated that Nvidia would have an advantage in securing regulatory approval in the U.S. and China as Intel and Mellanox control the market for InfiniBand technology, a networking communications standard commonly used in supercomputers.Mellanox makes chips and other hardware for data center servers that power cloud computing, did not comment, according to Reuters. Nvidia officials could not be reached for comment outside of regular U.S. business hours.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMellanox released its fourth-quarter results in January, reporting revenue of $1.09 billion for 2018, $290.1 million of which was in the final quarter of the year.In October, CNBC reported that Mellanox hired a financial adviser in response to takeover interest from at least two companies. The following month, the business news channel reported that Xilinx (NASDAQ: XLNX) had retained Barclays to advise on a bid to acquire Mellanox. MLNX stock has gained more than 52% since the mid-October report while the Nasdaq Composite index has lost just under 1%.Last month, InvestorPlace contributor Wayne Duggan asked if "given Nividia's long-term business outlook is intact, should investors swoop in and buy the stock on the dip? In a word, maybe." More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks Already Rewarding Shareholders In 2019 * The 10 Best-Performing ETFs This Year * 7 Stocks That Should Be Worried About a Data Dividend Compare Brokers The post Nvidia Joins Bidding for Israeli Chipmaker Mellanox: Report appeared first on InvestorPlace.
Listening to the new CEO of Lattice Semiconductor talk about his plans for the company, there’s a no-nonsense Minnesota edge in his voice as he lays it out. “I believe strategies have to be simple,” he said on a recent afternoon seated in a conference room at the company’s Hillsboro headquarters. In Lattice's case, that means focus on the company’s core programmable logic chips and away from projects that were started under previous management teams seeking to grow revenue with new products.