SOXX - iShares PHLX Semiconductor ETF
| Previous Close | 218.03 |
| Open | 214.02 |
| Bid | 214.58 x 800 |
| Ask | 214.62 x 1800 |
| Day's Range | 212.74 - 215.89 |
| 52 Week Range | 144.79 - 221.31 |
| Volume | 354,707 |
| Avg. Volume | 542,487 |
| Net Assets | 1.76B |
| NAV | 218.16 |
| PE Ratio (TTM) | 45.54 |
| Yield | 1.22% |
| YTD Daily Total Return | 40.66% |
| Beta (3Y Monthly) | 1.54 |
| Expense Ratio (net) | 0.46% |
| Inception Date | 2001-07-10 |
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What Lies in Store for Semiconductor ETFs in Q3 Earnings?
As most companies in this space have seen no negative earnings estimate revisions, semiconductor ETFs might continue to see smooth trading in the weeks ahead.
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The Zacks Analyst Blog Highlights: SOXX, XLK, XLI, RTH and MGK
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ETFs to Buy on Phase 1 of U.S.-China Trade Deal
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Chip ETFs in Focus as Trump Blacklists More Chinese Tech Firms
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Least-Hurt Tech ETFs on Renewed China Tensions
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4 ETFs to Play the Key Events in Q4
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Can Semiconductors Dodge the Trade War Crossfire?
The U.S.-China trade deal plays a profound role in the performance of the semiconductor sector given their exposure to China. "Due to their considerable exposure to the Chinese market and a heavily intertwined supply chain in Asia, semiconductor stocks have seen collateral damage as the US-China trade spat has escalated," said a Direxion Investments "Xchange" post. "To make matters worse, semiconductors are effectively everywhere today from computers to smartphones to televisions," the post added.
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Huawei Skips US Parts in 5G Base Stations: Chip ETFs at Risk?
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ETFs in Focus as Deputy-Level U.S.-China Trade Talks Begin
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Top-Ranked ETFs Crushing the Market YTD
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- InvestorPlace
Mixed Signals Means It’s Not the Time to Buy Advanced Micro Devices Stock
If there's one thing I'm constantly telling investors, it's to be patient and to be picky. Take Advanced Micro Devices (NASDAQ:AMD) stock as an example: there are pros and cons to taking a long position right now, and it's not a question of whether it's a good company, but whether the overall picture for AMD stock is favorable at the moment.In the past three months, AMD stock has eked out a measly 1.8% gain while the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) has gained more than 14%. Advanced Micro Devices stock is the 13 holding in the exchange-traded fund's 31-stock portfolio.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter weighing the positives and the negatives, I'm still not convinced that investors should jump into Advanced Micro Devices stock today. Lower share prices might convince me otherwise, but for now, my patient-and-picky policy won't permit me to make a move. AMD Stock Sunk by Earnings DisappointmentJuly 31 was, you may recall, not the most encouraging day for owners of AMD stock. With the release of the company's second-quarter earnings report, the Advanced Micro Devices stock price coughed up 4% in after-hours trading, extending this loss to almost 8% at one point during the following day's trading session.What would cause investors to lose faith in AMD so quickly? The adjusted EPS was in line with analyst expectations at 8 cents, so ostensibly that wasn't the issue. No, it was the decline in revenue that sank the Advanced Micro Devices stock price, as it was revealed that AMD's year-over-year revenue declined 13%; graphics sales, an integral component of the chipmaker's business model, were particularly weak in the second quarter. * 10 Battered Tech Stocks to Buy Now To make matters worse, AMD's enterprise, embedded, and semi-custom segment suffered a 12% year-over-year decline in revenues, with semi-custom sales being the main issue. On top of all that, the company announced that it was slashing forward guidance for the remainder of the year; whereas AMD had previously expected revenues to increase in the high single digits through 2019, now they were only expecting revenue growth in the mid single digits. Analysts and Insiders Cast Doubt on Advanced Micro Devices StockPerhaps the experts in the financial markets can shed some light on the short-term future of Advanced Micro Devices stock -- and based on their price targets, the outlook is a bit murky. Among a pool of 35 prominent analysts, their average price objective for AMD stock is just $32.04, which doesn't imply much upside.Moreover, as fellow InvestorPlace contributor Will Ashworth has reported, AMD stock has seen no recent insider buying; this is extremely discouraging, as the people closest to the company itself are privy to important data, and if they're not buying, it makes me wonder whether anyone else ought to be buying.Yet, it's not just the lack of insider buying that bothers me; the magnitude of insider selling is just as worrisome. Among AMD insiders, 1.66 million shares have been dumped over the past three months; over the past year, they've unloaded an astounding 39 million-plus AMD shares.Perhaps most tellingly, AMD president and CEO Lisa Su dumped 128,500 shares of her own company stock in a massive $3.9 million transaction. Even among well-heeled corporate executives, that's a heck of a lot of shares -- and not exactly what I would call an endorsement of AMD stock as an investment. Neither is the move by SVP Forrest Eugene Norrod who shed 50,000 shares in late July. * 7 Momentum Stocks to Buy On the Dip Even beyond the insider clique at AMD, sophisticated investors have been divesting themselves of Advanced Micro Devices shares at an alarming rate. To give you just a few recent examples, First Republic Investment Management Inc. sold 17,675 shares and Canada Pension Plan Investment Board sold off 141,200 shares of AMD stock. The Takeaway on AMD StockI don't want to give you the wrong impression: I still like Advanced Micro Devices as a company and might be persuaded to endorse a long position on AMD stock shares in the future. For the moment, though, I'm waiting for lower prices and, most importantly, a brighter outlook for this chip-market contender.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Recession-Resistant Services Stocks to Buy * 7 Hot Penny Stocks to Consider Now * 7 Tech Stocks You Should Avoid Now The post Mixed Signals Means It's Not the Time to Buy Advanced Micro Devices Stock appeared first on InvestorPlace.
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ETF Winners as Sino-US Trade War Tensions Ebb
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IPOs, Solar, Greece Take The Lead Again Among Top Stock Plays
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5 ETFs Surge With Wall Street on Trade Talk Hopes
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- Market Realist
Why Did US Semiconductor ETFs Fall in August?
August was tough for the semiconductor industry and semiconductor ETFs. The stocks fell significantly in early August when the US-China trade war escalated.
- ETF Trends
Can China Become Its Own Semiconductor Powerhouse?
As the U.S.-China trade war rages on, the world’s second-largest economy looks to become less independent on the U.S. by shoring up its own semiconductor industry. Can China become its own semiconductor powerhouse to rival the big U.S. chipmakers? Apparently, this goal is not something new that came as a result of the recent tariff wars with the U.S.
- InvestorPlace
AMD Stock is Taking a Breather, but There’s Still Upside to be Had
Advanced Micro Devices (NASDAQ:AMD) is one of the big stories in the semiconductor space. Up more than 70% year-to-date, AMD stock is outpacing the widely followed iShares PHLX Semiconductor ETF (NASDAQ:SOXX) by a margin of better than 2-to-1.Source: Shutterstock In fact, it's reasonable to call AMD stock a strong stock in a weak place. A weak place because chip stocks have been battered by the U.S.-China trade war. The PHLX Semiconductor Sector Index finished August regaining a bit but still ended the month at a loss while AMD shares were up more than 5%.AMD stock is undoubtedly on an impressive run this year and the shares aren't cheap. They trade at 49.5x forward earnings and at 17.6x book value. That probably doesn't qualify as growth at a reasonable price and makes AMD look richly valued relative to some marquee competitors.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor example, Nvidia (NASDAQ:NVDA) isn't cheap at more than 33x forward earnings and more than 10x book value, but those numbers practically scream "cheap" relative to AMD stock.Despite the massive 2019 run-up and valuation considerations, some investors remain bullish on AMD stock. Eagle Point Global Management's Keith Hwang recently said the shares could ascend to $64 over the next 12 to 24 months. That's more than double where the stock opens as investors return from the three-day holiday weekend. Part of that bull thesis is based on AMD having a head start on rival Intel (NASDAQ:INTC) in some core markets, such as new generation cloud servers. * 7 'Boring' Stocks With Exciting Prospects "How does this disruption in the server ecosystem translate into earnings power? We can look back to 2005 when AMD was extremely competitive in the server space," wrote Hwang. "AMD had launched dual-core Opterons, featuring a new class of performance that had never been possible in the past. AMD also had a six-month head start on Intel's dual-core Xeons. Today is eerily similar to 2005, but now Intel is likely two years behind on architecture, and serious doubts exist over whether Intel will ever be competitive again with a leading-edge process node." Calling On CatalystsWhen a stock is already up 70% in eight months and some investors think it can almost double in two years or less, as is the case with AMD stock, catalysts are obviously needed. There are some available with AMD, although investors must note this is not a wide moat name as the company deals with several more than capable competitors."AMD's semicustom processors have been included in the Microsoft Xbox One and Sony PlayStation 4 game consoles," wrote Morningstar sector strategist Abhinav Davuluri in a recent note. "AMD has also sought to re-establish itself in the server market, reaching mid-single-digit unit share exiting 2018. In 2019, AMD has key product launches including new client CPUs, EPYC server CPUs, and Radeon data center GPUs." * 7 Tech Industry Dividend Stocks for Growth and Income Words of caution: any of its rivals can encroach on AMD's markets -- Intel and Nvidia already do -- and AMD simply isn't as financially sturdy as some of its chip competitors. It's actually cash flow negative. This late in the business cycle, investors are prizing quality companies with strong balance sheets. I'm not saying AMD is a financial wreck, but if you're an investor looking for looking for strong balance sheets in technology, there are a plenty of other considerations beyond AMD stock. Bottom Line on AMD StockThere's growth to be had with AMD stock. "The cyclical nature of the semiconductor industry, coupled with AMD's weaker competitive positioning, makes AMD an inherently risky investment despite recent product launches that are on a more level playing field," said Morningstar.The company could easily deliver revenue growth 12% on a compound annual growth rate basis through 2023. However, the shares look close to fairly valued here and expecting them to double, even over 24 months, maybe asking a bit much. Additionally, AMD stock is one in the semiconductor space that probably isn't appropriate for risk-averse investors.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off * 7 'Strong Buy' Stocks to Beat Volatility * 7 Mega-Cap Tech Stocks on a Rebound Now The post AMD Stock is Taking a Breather, but There's Still Upside to be Had appeared first on InvestorPlace.
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China-US Trade War Rhetoric Softens: ETFs in Spotlight
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August ETF Events That Grab Headlines
August witnesses fluctuations in the US-China trade tensions, a gold surge, still-decent U.S. economic data points and maximum chances of a no-deal Brexit. These factors bring a few ETFs in focus.
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Trump Gets Requests for Huawei License: Chip Stocks in Focus
The U.S. Commerce Department is receiving license requests for granting sales to Huawei. In such a scenario, we look at a few chip ETFs which will benefit from a nod in favor.
- InvestorPlace
Should Long-Term Investors Buy AMD Stock in September?
Since 2016, investors in Advanced Micro Devices (NASDAQ:AMD) stock have been singing a happy tune. Year-to-date, the Santa Clara-based chip designer is up about 73%. In comparison, the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) is up 28%. However, investors are now wondering if the inverted yield curve and China worries may affect the AMD share price adversely in the final quarter of the year.Source: Sundry Photography / Shutterstock.com In the long term, I believe AMD stock price is going to rise much more. Nonetheless, in the short term, there will likely be headwinds that investors should not necessarily overlook. Thus, I would encourage long-term investors to wait several weeks before buying AMD stock or hedge their positions if they currently own the stock. The Trade War Is a Worry for AMD StockThe U.S.-China trade war is now in its second year. Wall Street is nervous that the prolonged tariff wars will continue to affect chip companies' earnings for the rest of the year. China is the leading consumer of semiconductors, responsible for more than 50% of the global demand.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd U.S. chip companies, including Advanced Micro Devices, lead the world with a combined global market share of nearly 50%. Furthermore, many technology companies, including AMD, either have manufacturing plants or joint ventures in China. Additionally, they typically use Chinese companies in their supply chains. Therefore, investors fear that American chip makers will be among the largest losers of the current trade war. * 7 Tech Industry Dividend Stocks for Growth and Income During the recent second-quarter earnings release on July 30, AMD management highlighted China as a risk. At present, over 30% of revenues come from China.The chip industry is a highly cyclical one. In case of an economic slowdown either in the U.S. or globally, AMD stock and other industry players that fight for market share would be adversely affected. Earlier in August, U.S. and global equity markets went into a tailspin when the U.S. Treasury yield curve briefly inverted as short-term yields traded above those of the long-term variety.We will not know when the next recession has started until we are in it, but we know investors' sentiment can change rather quickly. What's Behind AMD Stock's Latest Earnings?In 2019, the chip company launched a robust range of products which Wall Street and AMD customers like. Yet Advanced Micro Devices has a history of reporting mixed results. When AMD released earnings on July 30, it was a similar story as it cut its full-year guidance.In the earnings report, Wall Street paid attention to two segments: Computing and Graphics and Enterprise, Embedded and Semi-Custom.Advanced Micro Devices stock reported earnings that met expectations amid tariff constraints. The group's net income was $35 million, or 3 cents a share, compared with $116 million, or 11 cents a share, in the year-ago period.The Computing and Graphics segment revenue was $940 million, down 13% year-over-year and up 13% quarter-over-quarter. Computing and Graphics revenue was lower year-over-year primarily due to lower graphics channel sales. The quarter-over-quarter increase was primarily due to higher GPU sales.Enterprise, Embedded and Semi-Custom segment revenue was $591 million, down 12% year-over-year and up 34 percent sequentially. The year-over-year revenue decrease was primarily due to lower semi-custom product revenue. The quarterly increase was driven by higher semi-custom and EPYC processor revenue.Overall many analysts saw the Q2 earnings report as a sign that AMD is executing its strategic plans well. Since late 2014, under the leadership of CEO Lisa Su, revenue has increased and the company has been improving its balance sheet. Its debt has also reduced considerably. Over the next five years, analysts expect AMD to grow earnings by about 30% annually. What Could Derail AMD Stock?AMD's Q3 revenue outlook, however, fell below the Wall Street consensus because of weaker-than-expected console sales. The chip maker's Q3 revenue outlook of $1.75 billion to $1.85 billion was lower than the forecast sales of $1.94 billion.The company said revenue would likely be lower in both its computing and graphics and enterprise, embedded and semi-custom segments. Constantly lacking the "wow" factor in most of their earnings makes the AMD stock price vulnerable to rapid declines. Naturally, this has unnerved many long-term investors. And the markets penalized Advanced Micro Devices stock the day following the earnings release.Wall Street has recently been debating whether chip stocks have reached their 2019 highs in the eyes of investors. For long-term investors, such gyrations in the sector are nothing new. However, it may mean more volatility for Advanced Micro Devices stock in the near term.In the coming weeks, if any chip company issues a trading update that may include a potential weak guidance, then investors could easily become bearish on semiconductor stocks, including AMD.Furthermore, analysts are debating whether Advanced Micro Devices stock is becoming overvalued. For example, its trailing price-to-earnings-growth ratio is about 3.5x. Similarly, AMD stocks's price-to-sales ratio of about 5.6x is also quite high. To put the metric into perspective, the S&P 500's average P/S ratio is 2.1x.In summary, in the final months of the year, there are multiple pieces to the jigsaw puzzle that could affect the the stock price of Advanced Micro Devices. Current AMD Stock PriceWall Street loves turnaround stories. Over the past several years, AMD stock price has gone from $2 in early 2016 to an all-time high of $35.55 on Aug. 9, 2019. Within the past 12 months, the AMD share price is up about 20%.If you are an investor who follows technical charts, AMD stock has strong resistance around $35, a level which it has not been able to pass four times in the past two months. In other words, if and when AMD stock can go and stay over $35, long-term investors should expect another big move up in the share price.However, in the coming weeks, AMD stock is likely to trade within a range of about $27.5-$32.5. If there is a broad market decline, possibly similar to what we have experienced at the end of 2018, AMD stock price can easily move toward $25.Finally, at this point, 12.3% of AMD's shares are shorted. So while there are plenty of traders who have shorted AMD stock, not enough shares of Advanced Micro Devices are being shorted to set the stage for a massive short-squeeze rally. On the contrary, the current level of short selling in AMD stock may be enough to put further selling pressure on the shares.Because AMD is a momentum leader stock, investors should expect sizeable daily swings in the stock price. Technically AMD stock is known to make a series of rallies and consolidations. We can expect this trend to continue in September, too. The Bottom Line on AMD StockI am upbeat on the long-term outlook of AMD stock. Its data center GPU business is likely to gain further momentum in the coming quarters. Also as Microsoft (NASDAQ:MSFT) and Sony (NYSE:SNE) get ready to launch new gaming consoles that run on AMD chips, long-term investors will get get interested in AMD shares again. However, China trade issues can adversely affect next quarter's numbers even more than initially expected.If you already own Advanced Micro Devices stock, you might want to stay the course and hold onto your position. That said, if you are worried about short-term profit taking, then within the parameters of your portfolio allocation and risk/return profile, you may consider placing a stop loss at about 3%-5% below the current price point. This strategy books the paper profits you have already made from AMD stock.If you are an experienced investor in the options market, you may also consider using a Sept 20 expiry at-the-money covered call strategy. In that case, you may for example buy 100 shares of AMD at a limit price of $30 and sell an AMD Sept 20 $30 call option, which currently trades at $1.65.The $30 option offers some downside protection in case of volatility and a decline of the AMD stock price. It would also enable investors to participate in a potential up move. This call option would stop trading on Sept 20 and expire on Sept 21.I find AMD stock to be a buy candidate, especially as its price dips below $30. In a few years, I'd expect the shares to reach $40.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Industry Dividend Stocks for Growth and Income * 7 Stocks the Insiders Are Buying on Sale * 7 of the Worst Stocks on Wall Street The post Should Long-Term Investors Buy AMD Stock in September? appeared first on InvestorPlace.
