LNVGY - Lenovo Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
14.12
-0.19 (-1.31%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close14.31
Open14.38
Bid0.00 x 0
Ask0.00 x 0
Day's Range14.01 - 14.38
52 Week Range11.90 - 19.04
Volume68,312
Avg. Volume29,262
Market Cap8.522B
Beta (3Y Monthly)1.62
PE Ratio (TTM)12.61
EPS (TTM)1.12
Earnings DateN/A
Forward Dividend & Yield1.12 (7.80%)
Ex-Dividend Date2019-07-10
1y Target Est15.05
Trade prices are not sourced from all markets
  • Lenovo warns of price hikes to absorb U.S. tariffs, shares slide
    Reuters

    Lenovo warns of price hikes to absorb U.S. tariffs, shares slide

    Lenovo's warning amid mounting business uncertainty due to the U.S.-China trade war cast doubt on its sales outlook and took the shine off forecast-beating quarterly results where robust PC sales helped the company more than double its profit. U.S. President Donald Trump said this week that he would postpone imposing an additional 10% tariff on Chinese-made products including tablets and laptop computers until December, but would still impose the tariffs on desktops from September. "Retail prices for products like PC and smartphones will increase if (U.S.) tariffs increase," Lenovo Chairman Yang Yuanqing told an earnings call on Thursday.

  • Reuters

    UPDATE 2-China's Lenovo Q1 profit more than doubles on record PC market share

    Chinese PC maker Lenovo Group reported a more than two-fold jump in first-quarter profit on Thursday, beating analysts' estimates thanks to robust sales of personal computers. U.S. President Donald Trump said this week that he would postpone imposing an additional 10% tariff on Chinese-made products including tablets and laptop computers until December, but would impose the tariffs on desktops from September. The global PC market grew 1.5% in the June quarter after falling for two consecutive quarters, as threats of increased U.S. tariffs on Chinese goods prompted some manufacturers to frontload shipments, industry analysts said.

  • Business Wire

    Lenovo Kick-Starts FY19/20 With Industry Leading Growth, Doubling Year-on-Year Income Through Strong Customer Focus and Acceleration of Intelligent Transformation Strategy

    HONG KONG-- -- Group revenue grew year-on-year for eight consecutive quarters, reaching US$12.5B in Q1 FY19/20 PTI more than doubled to US$240M year-on-year, up US$127M Net income was US$162M, up US$85M year-on-year, also more than doubling One in every four PCs built worldwide is a Lenovo PC, thanks to record market share of 24.9%    Lenovo Group today announced group revenue in the first quarter ...

  • Lenovo (LNVGY) Stock Moves -0.73%: What You Should Know
    Zacks

    Lenovo (LNVGY) Stock Moves -0.73%: What You Should Know

    Lenovo (LNVGY) closed at $14.95 in the latest trading session, marking a -0.73% move from the prior day.

  • Factors Likely to Influence Lenovo's (LNVGY) Q1 Earnings
    Zacks

    Factors Likely to Influence Lenovo's (LNVGY) Q1 Earnings

    Lenovo's (LNVGY) focus on product innovation and introducing new products is anticipated positively impact first-quarter results. Also, acquisition synergies and strong expansion are likely to favor first-quarter results.

  • Are Investors Undervaluing Lenovo (LNVGY) Right Now?
    Zacks

    Are Investors Undervaluing Lenovo (LNVGY) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • 3 Augmented/Virtual Reality Stocks to Buy for a 5G Boost
    InvestorPlace

    3 Augmented/Virtual Reality Stocks to Buy for a 5G Boost

    [Editor's note: "3 Augmented/Virtual Reality Stocks to Buy for a 5G Boost" was previously published in December 2018. It has since been updated to include the most relevant information available.]The world is beginning a new chapter in wireless technology. I'm talking about 5G.Nearly all of the major wireless carriers are rolling out 5G, the latest generation of technology. There will be many beneficiaries of this shift. Everything from autonomous vehicles to the Internet of Things (IoT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut one area that has been overlooked is the augmented reality (AR) and virtual reality (VR) industry. Faster internet speeds combined with less latency (lag time) will result in a much smoother AR/VR experience.I have used VR headsets a few times, and I have to say I was quite impressed. That said, I am certainly not a hardcore gamer nor did I push the headset to its limits. Once 5G is rolled out, the future of the AR/VR industry will look very different. Endless Possibilities to Profit From AR/VRContrary to popular belief, AR/VR is not only about gaming. The technology can be used in everything from retail to industrial training to professional and amateur sports. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates That means there will be a whole lot of winners in this space. Today I want to talk about three stocks to buy that stand out as having some of the greatest long-term potential. AR/VR Stocks to Buy: Defiance Future Tech ETF (AUGR)Source: Shutterstock The first name on this list of stocks to buy isn't exactly a stock, but rather an exchange-traded fund, which means it's a batch of stocks that are tied to a similar theme/concept.The Defiance Future Tech ETF (NYSEARCA:AUGR), which was launched in 2018, tracks the BlueStar Augmented and Virtual Reality Index, and it is comprised of companies that have ties to the future of the AR/VR industry.As they profit from the growing trend, so will AUGR. Lenovo Group (LNVGY)Source: Shutterstock Lenovo Group (OTCMKTS:LNVGY) is the largest holding in AUGR, and it has held up pretty well in the recent market pullback, considering it's based in Hong Kong. Lenovo has a plethora of hardware products and is quickly becoming a major player in VR headsets and accessories. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates Advanced Micro Devices (AMD)Source: Shutterstock Finally, we have Advanced Micro Devices (NASDAQ:AMD). This is one of the leading chipmakers for AR/VR devices.Chipmakers are very diverse, as their technology is relevant in many of the fast-growing trends in the market. The AR/VR industry is just another that will count on companies like AMD. As a result, AMD stock has a lot of potential to capitalize in the years ahead.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of FUTR Stocks and the ETF Bulletin. Matt just launched two new investment advisories focused around the "next" generation investing theme. His trademark three-prong investing approach targets the mega-trends old Wall Street is missing out on. Click here for more information on the "NexGen" Experience. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post 3 Augmented/Virtual Reality Stocks to Buy for a 5G Boost appeared first on InvestorPlace.

  • Business Wire

    Lenovo Introduces Single-socket Servers, Designed Specifically for Edge and Data-intensive Workloads

    SAN FRANCISCO-- -- Lenovo’s new ThinkSystem SR635 and SR655 single-socket server platforms are specifically built to harness the full potential of AMD EPYC™ 7002 Series processors Enhance video security and other critical applications for edge and virtualized environments with greater storage, processing and graphics capabilities Enable organizations to accomplish more with less, reducing TCO by up ...

  • Lenovo (LNVGY) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Lenovo (LNVGY) Outpaces Stock Market Gains: What You Should Know

    Lenovo (LNVGY) closed at $15.17 in the latest trading session, marking a +1% move from the prior day.

  • Business Wire

    Lenovo Labor Day Sale 2019 starts August 26 in U.S. and Canada

    PCs from $329.99/$459.99, special Doorbuster deals, and much more

  • Lenovo (LNVGY) Gains As Market Dips: What You Should Know
    Zacks

    Lenovo (LNVGY) Gains As Market Dips: What You Should Know

    In the latest trading session, Lenovo (LNVGY) closed at $16.21, marking a +0.34% move from the previous day.

  • Top 10 Stocks Under $20 to Buy Heading into August
    Zacks

    Top 10 Stocks Under $20 to Buy Heading into August

    Today we've highlighted 10 stocks that are currently trading for under $20 per share. All of these stocks sport a Zacks Rank 2 (Buy) or better at the moment...

  • Should Value Investors Buy Lenovo (LNVGY) Stock?
    Zacks

    Should Value Investors Buy Lenovo (LNVGY) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Business Wire

    Lenovo announces 2019 Big Back to School Sale – Canada

    Lenovo today released details of its 2019 Big Back to School Sale, including three money-saving offers that promise to make July and August the perfect time to shop for a new laptop, tower PC or related technology. Plus, we’ll have special deals on many of our Quick Ship models – perfect for a student (or anyone else) who needs a new PC fast.

  • Business Wire

    Lenovo announces 2019 Big Back to School Sale – US

    Lenovo today released details of its 2019 Big Back to School Sale, including three money-saving offers that promise to make July and August the perfect time to shop for a new laptop, tower PC or related technology. Plus, we’ll have special deals on many of our Quick Ship models – perfect for a student (or anyone else) who needs a new PC fast.

  • 3 Top High-Yield Tech Stocks
    Motley Fool

    3 Top High-Yield Tech Stocks

    Put your cash to work with these promising technology leaders.

  • Has Lenovo Group (LNVGY) Outpaced Other Computer and Technology Stocks This Year?
    Zacks

    Has Lenovo Group (LNVGY) Outpaced Other Computer and Technology Stocks This Year?

    Is (LNVGY) Outperforming Other Computer and Technology Stocks This Year?

  • 3 Reasons Why Lenovo Is a Better Stock Than Xiaomi
    Motley Fool

    3 Reasons Why Lenovo Is a Better Stock Than Xiaomi

    China technology stocks Lenovo and Xiaomi are both popular with investors. But here are three reasons why I think Lenovo is the better pick.

  • Apple Appears Ready to Make a Splash in India
    Zacks

    Apple Appears Ready to Make a Splash in India

    Apple could soon open retail stores in India.

  • PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View
    Zacks

    PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View

    Here's a sneak peek of the worldwide PC market performance in the second quarter of 2019, per IDC and Gartner report.

  • MarketWatch

    Worldwide PC sales grow as Windows 7 support fades

    Worldwide PC demand grew more than expected in the second quarter, propelled in part by a phasing out of support for Microsoft Corp.'s Windows 7 operating system, according to research firm International Data Corp. Sales of PCs rose 4.7% to 64.9 million units from the year ago quarter as supply shortages eased, IDC said. "With the January 2020 end of service (EOS) date for Windows 7 approaching, the market has entered the last leg of the Windows 7 to Windows 10 commercial migrations," said Linn Huang, IDC research vice president, in a statement. According to IDC, market share was 25.1% for Lenovo Group Ltd. , 23.7% for HP Inc. , 17.9% for Dell Technologies Inc. , 6.6% for Acer Group, and 6.3% for Apple Inc. . Earlier Thursday, research firm Gartner reported a 1.5% rise in PC sales to just under 63 million units but Gartner does not include Chromebooks that run on Alphabet Inc.'s operating system. Like IDC, Gartner attributed Windows 10 as a catalyst for growth.

  • Bloomberg

    Global PC Shipments Rise as China's Lenovo Secures Top Spot

    (Bloomberg) -- Worldwide shipments of personal computers increased 1.5% in the second quarter, fueled by businesses upgrading to the latest Windows software from Microsoft Corp. China-based Lenovo Group Ltd. held the No. 1 spot over U.S. rival HP Inc. amid a trade war between the two countries.PC shipments increased to 63 million units in the period ended June 30 from 62 million in the quarter a year earlier, researcher Gartner Inc. said Thursday in a report. Robust corporate demand offset a decline in notebook shipments, Gartner said. Lenovo shipped almost 16% more PCs year-over-year, giving the company a quarter of the global market.Industry research firm IDC estimated PC shipments climbed 4.7% in the most recent period, with vendors putting out 65 million devices worldwide."The threat of increased tariffs led some PC makers to ship a surplus of desktops and notebooks, thereby artificially propping up the PC market during the second quarter," said Jitesh Ubrani, a research manager at IDC.Computer makers have struggled to navigate global trade tensions. They already operate with low profit margins, and many of them have shuffled their supply chains in response to U.S. tariffs on some components. Dell Technologies Inc. and HP are reportedly considering moving 30% of their notebook production out of China.Dell came in third place in the global PC race, with 17% of the market after HP’s 22%. Apple Inc.’s PC shipments narrowly declined in the most recent period, and the company held the fourth spot with about 6% of the market.(Updates with estimates from IDC in third paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • MarketWatch

    Global PC demand rises 1.5% pushed by Windows 10 refresh

    Global PC demand grew in the second quarter of 2019, reversing two quarters of declines, according to research firm Gartner late Thursday. Worldwide sales of PCs rose 1.5% to just under 63 million units in the second quarter as businesses refreshed computers because of demand for Microsoft Corp.'s Windows 10 operating system. "Additionally, there are signs that the Intel CPU shortage is easing, which has been an ongoing impact to the market for the past 18 months," said Mikako Kitagawa, senior principal analyst at Gartner, in a statement. Market share was 25% for Lenovo Group Ltd. , 22.2% for HP Inc. , 16.9% for Dell Technologies Inc. and 5.9% for Apple Inc. , Gartner said.

  • Tencent Wants a Bigger Cut of Game Sales
    Bloomberg

    Tencent Wants a Bigger Cut of Game Sales

    (Bloomberg) -- Tencent Holdings Ltd. is pressing China’s top smartphone vendors and app stores to boost the cut of revenue it gets from games sold through their platforms, people familiar with the matter said, stepping up efforts to claw back profits as its business slows.The social media giant is seeking as much as 70% of the sales generated from its games, up from just 50% now, said the people, who requested anonymity discussing private negotiations. That would bring Tencent’s portion in line with the proportion shared with game publishers on other platforms, including Apple Inc.’s iOS store and Google Play, which each keep 30% of revenue that comes from apps. Negotiations vary from platform to platform, and Tencent may not be asking as much from each app store operator, the people said.Tencent is keen to shore up its bottom line as growth in China, the world’s No. 2 economy, decelerates, sapping consumer spending on entertainment and hurting advertising. The company’s gaming division -- its largest -- was battered in 2018 by a series of regulatory crackdowns and in May, Tencent reported the smallest increase in sales since going public in 2004.At the same time, Tencent has gained leverage in negotiations because the pipeline of new games has shrunk, the result of Beijing’s clampdown on what it views as gaming addiction among youths. Fewer than 5,000 new games will be approved this year, versus more than 8,500 in 2017, Asia-focused gaming researcher Niko Partners estimates.Tencent “is likely to gain stronger bargaining power against its distribution channels,” Citigroup analysts led by Alicia Yap wrote in a research note this week.The social media titan initiated talks in recent weeks with most of the country’s largest app stores, run by leading smartphone makers such as Oppo, Lenovo Group Ltd. and Xiaomi Corp., as well as internet outfits such as Baidu Inc. and 360, the people said. Tencent is focusing on only a subset of its games at present, they added. But if the 70-30 split becomes the standard, that could translate into billions of dollars of additional revenue annually.Tencent dominates the market thanks to its all-purpose WeChat app, which serves more than a billion people, and a development machine that consistently cranks out hits such as Honour of Kings and Peacekeeper Elite. Now, the company is taking advantage of its heft -- its closest rival is the much smaller NetEase Inc. -- to pressure app distributors to cough up more revenue, the people said.P.H. Cheung, a spokesman for Tencent, didn’t immediately respond to an email and text query on the company’s plans, which were previously reported by gaming industry media outlet Gamelook. Baidu and Oppo declined to comment.Those negotiations are by no means all one-sided. If anything, Tencent may have to work hard to change the status quo. The country’s four biggest smartphone names -- Oppo, Vivo, Huawei Technologies Co. and Xiaomi -- run app stores for their users that together account for about 40% of market share.Among the new titles Tencent wants a bigger revenue cut on is role-playing mainstay JX Online 3, developed by China’s Kingsoft Corp., and Crazyracing Kartrider, a mobile remake of a popular title from South Korea’s Nexon Co., one person said. As of now, neither title is available on stores operated by Oppo and Vivo, suggesting those two device-makers have yet to agree to Tencent’s proposal.App developers and publishers compete to get games listed on those stores, whose operators host in-game payments for things such as virtual goods, character skins and power-ups. In return, developers get a cut of that revenue. Unlike in the U.S. and Europe, where a 70-30 split is common, revenue-sharing varies hugely across different Chinese stores but is commonly pegged at 50%. Furthermore, that cut is usually negotiated directly with each of the stores, sometimes on a game-by-game basis.What’s in the app stores’ favor is the sheer volume of competition. While Google Play is blocked in China, there are approximately 400 Android app stores, though many have an extremely small number of mobile users. The country’s app stores focus especially heavily on games because that’s where the money is -- many don’t even levy a cut of revenue at all on non-gaming apps.\--With assistance from Lulu Yilun Chen.To contact Bloomberg News staff for this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.net;Gao Yuan in Beijing at ygao199@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.