Previous Close | 63,300.00 |
Open | 63,500.00 |
Bid | 61,000.00 x 0 |
Ask | 61,100.00 x 0 |
Day's Range | 61,000.00 - 63,700.00 |
52 Week Range | 51,800.00 - 75,800.00 |
Volume | |
Avg. Volume | 11,782,912 |
Market Cap | 409.888T |
Beta (5Y Monthly) | 0.99 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | Jan 25, 2023 - Jan 30, 2023 |
Forward Dividend & Yield | 1,444.00 (2.43%) |
Ex-Dividend Date | Sept 29, 2022 |
1y Target Est | 76,081.00 |
(Bloomberg) -- Samsung Electronics Co. made a surprisingly aggressive decision to keep capital spending at the same level as last year, defying expectations it would go along with rivals in pulling back to alleviate pressure on an already-battered semiconductor industry. Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesThe 'Bi
Samsung Electronics Co.'s shares are trading lower. South Korea's largest company said its quarterly profit tumbled, hurt by a sharp drop in demand for semiconductors. Stephen Engle reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
South Korea's Samsung Electronics Co Ltd on Tuesday indicated it has no plan to cut investment in chips this year, even as a weak global economy condemns the industry to its worst downturn in over a decade. The guidance bucks a broader industry trend to scale back spending and output, fanning concern that the world's biggest memory chipmaker intends to draw on its deep pockets and superior profit margins to gain market share from smaller peers. "Samsung might be seeing this time as a good opportunity to increase market share, which should help it in the long term, at the expense of SK Hynix and Micron," said analyst Choi Yoo-june at Shinhan Securities.