|Bid||122.42 x 2200|
|Ask||122.82 x 1800|
|Day's Range||120.00 - 123.21|
|52 Week Range||87.70 - 130.37|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||22.42|
|Earnings Date||Oct 21, 2019 - Oct 25, 2019|
|Forward Dividend & Yield||3.08 (2.57%)|
|1y Target Est||128.74|
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Investing,com - President Trump took aim at key Chinese chip customer Huawei Friday and said it was “fine” if the U.S. pulls out of trade talks with China planned for September. But investors in semis disagree and have pushed many chips lower, led by a slump in Micron (NASDAQ:MU).
(Bloomberg) -- Semiconductor stocks tumbled in on Monday, extending a recent decline as the escalating trade war between the U.S. and China added to headwinds surrounding the sector.Chipmakers were broadly weaker, with the Philadelphia Semiconductor Index down 3.6% in its fifth straight daily decline, its longest such losing streak since October. The benchmark index has lost more than 10% over the five-day slump and trade tensions have been a primary driver of the recent decline, as many chipmakers count China as a major market or as a key part of their supply chainsAmong specific names, Intel Corp. fell 3.4% while Texas Instruments Inc. lost 3.3%; both were in their fifth straight negative session. Micron Technology Inc. was off 5% and Nvidia Corp. sank 5.9%. The VanEck Vectors Semiconductor ETF -- an exchange-traded fund that tracks a basket of chipmakers -- fell 3.2%, and its pre-market trading volume was the highest since May 31, according to data compiled by Bloomberg.Also in focus on Monday was the latest data from the Semiconductor Industry Association, which showed total semiconductor sales fell 17.7% in June.RBC Capital Markets said that within the sub-sector of DRAM memory chips, average selling prices were down 46% in June, “the worst decline since March of 2008.”Analyst Mitch Steves wrote that he was “surprised to see the severity of ASP declines across the board,” although he doesn’t think they are likely to get worse from current levels.While the SIA data showed month-over-month growth of 4.9%, Deutsche Bank described the report as “another soft month of data” and said it came in below the bank’s expectations. The firm affirmed its cautious stance on the sector, with analyst Ross Seymore writing that “headwinds continue in the semi space, corroborated by weak SIA data & 2Q prints/3Q guides in earnings season thus far.”Among notable results, Advanced Micro Devices Inc. cut its full-year forecast last week, while Qualcomm Inc. gave a disappointing fourth-quarter sales outlook. On the upside, Western Digital Corp. reported fourth-quarter revenue that missed expectations, but the company’s chief executive officer said it had “reached a cyclical trough.”Over the weekend, ON Semiconductor Corp. reported second-quarter revenue that missed expectations and gave a weak third-quarter outlook. The stock slumped 9.9% in its biggest one-day drop since November 2015.(Update share prices, adds Nvidia in third paragraph)To contact the reporter on this story: Ryan Vlastelica in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Will DaleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Semiconductor companies are wincing as consumers around the globe are buying fewer cars amid continuing trade tensions between the U.S. and China.China has been a pain point for the sector as the two countries continue to spar on trade, and chipmakers had braced for slumping demand in the country to dent performance. The automotive sector has emerged as one of the biggest sources of weakness and is now threatening to dampen the chances of a recovery in the latter half of the year.It has so far been an unfortunate year for automakers, as global sales shrank 6.5% from a year earlier in the first quarter of 2019, and 7% in the next three months, according to Bloomberg Intelligence. China led the decline with car sales in the country falling for 12 consecutive months through June, amid slowing economic growth, trade-related turmoil, and a weak consumer demand, exacerbated by newer and stricter emissions rules. With the U.S. and China ratcheting the turmoil up a notch this week, some say the risks of tariffs on auto imports is now higher.Many auto parts suppliers, as well as Ford Motor Co., have reported disappointing results and issued weak forecasts for the year, citing the China slowdown. And now the effect is rippling through the rest of the supply chain, hurting chipmakers and other industrial manufacturers.“China weakness was expected, but in all honesty, we were expecting a trade deal by now,” Piper Jaffray & Co. analyst Harsh Kumar said in an interview. Kumar, who covers semiconductor stocks, said the companies supplying the automotive market were still seeing growth in radar and electrification-related products, while the traditional, gas engine segment is getting hit hard.Most of the automotive chip manufacturers have a larger piece of their business associated with traditional auto, and “that is not doing so well because there isn’t any market share or penetration to be gained; it is simply a units game,” Kumar said, referring to the fewer number of cars being sold.Maxim Integrated Products Inc., which makes chips that are used in various parts of a car including lighting, infotainment and driver assistance systems, said it expected the calendar third quarter to be slow, due to a “soft environment” for automotive production. The company’s battery management systems used in electric vehicles will also have fewer shipments, given the market uncertainty in China, the company said.The concerns were echoed by NXP Semiconductors NV, which makes components that help a car to sense its environment and process that data. Maxim and NXP’s customers include auto suppliers such as Aptiv Plc, Lear Corp. and Visteon Corp. as well as Fiat Chrysler Automobiles NV. Other chipmakers with substantial auto market exposure include Infineon Technologies AG, Analog Devices Inc., Texas Instruments Inc., and Microchip Technology Inc.Meanwhile, Rockwell Automation Inc., which counts both automotive and semiconductor sectors among its customers, saw both markets decline in the quarter ending June 30.“Overall, the combination of production cuts and reductions in component inventory is having an significant impact,” Morgan Stanley’s Craig Hettenbach, who covers semiconductors, said in an email interview. The analyst said that while the weakness is most pronounced in China, Europe has also been below expectations from the beginning of the year. “There is a lot of focus on when China will provide incentives to stimulate demand, but company and investor expectations for stimulus are pretty low right now,” Hettenbach said.A respite is not expected anytime soon. According to Moody’s, global vehicle sales are expected to fall 3.8% in 2019, amid further weakening demand in China and Western Europe. The latest round of trade war-related tarriffs could make matters even worse.To contact the reporter on this story: Esha Dey in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Brad Olesen at email@example.com, Jennifer Bissell-Linsk, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The processor giant released a better-than-feared earnings report on July 25 that bodes well for the semiconductor industry’s second half of 2019.
Texas Instruments (TXN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
The Zacks Analyst Blog Highlights: Texas Instruments, Blackstone, Northrop, Capital One and Sherwin-Williams
Management's forward guidance has historically driven INTC's share price on earnings day. Analysts are expecting a slowdown this quarter as the semiconductor industry begins its 2019 cool off.