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Tag: QCOM

  • Qualcomm Inc. (QCOM) Climbs on Upbeat Sales Forecast as Business Diversification Pays Off

    The wireless chipmaker, Qualcomm Inc. (QCOM) posted its earnings for the second quarter of fiscal 2022 on April 27, after the market closed. While the earnings and revenue both were better-than-expected, it was the upbeat sale forecast that had investors celebrating.

    Source: ASUG

    Thus, the earnings release led the stock on a bullish roll in the pre-market as it went on to add a further 8.07%. QCOM was then trading at a price of $146.00 apiece in the session while an active volume of 38,270 shares exchanged hands.

    QCOM’s Q2 2022 Performance

    For the fiscal Q2 2022, the chipmaker posted a profit of $3.21 a share on sales of $11.16 billion. Hence, the earnings went up by a staggering 69% YOY while sales marked an increase of 41%. Comparatively, analysts were expecting a profit of $2.94 per share on sales of $10.63 billion for the quarter.

    Additionally, the company also returned $1.7 billion to stockholders in the form of share repurchases and cash dividends.

    Future Guidance

    Providing guidance for the ongoing quarter, the company said it expects revenue between $10.4 billion and $11.3 billion. The revenue outlook lies well ahead of the analysts’ expectations of $9.97 billion for the quarter.

    Not only the revenue, but QCOM’s earnings expectations are also well above the analysts’ projections. The company expects profit to be in the range of $2.75 to $2.95 per share while analysts were expecting $2.60 a share for the third quarter of fiscal 2022.

    Business Diversification Amid Declining Demand

    QCOM’s main products include smartphone processors and a chip that connects iPhones to high-speed data networks. With its main target being smartphones, analysts were expecting a decline in the growth of the company amid the falling demand for smartphones.

    The global smartphone market has had its worst drop since the virus outbreak recently. The resurgence of Covid-19, Ukraine invasion, China lockdowns, and rising inflation have been affecting the spending on smartphones and it is expected to continue affecting the demand.

    Therefore, with declining demand, the chipmaker’s move into new markets has been a lifesaver. According to CEO Cristiano Amon, QCOM is no longer just a communications company serving a single industry. With aggressive goals for growth, the company had previously said it has the potential to top $46 billion in revenue by 2024.

    Conclusion

    QCOM stock soared high in the pre-market following the upbeat quarterly results of the company on top of a bullish outlook and business diversification.

  • Three Best Semiconductor Stocks to Investment in the long-term

    Three Best Semiconductor Stocks to Investment in the long-term

    The semiconductor stocks are bullish as we see the digital world move one step ahead.

    The semiconductor market is going to get bigger in the next few years. During the pandemic, the semiconductor stocks performed extremely well last year. Consumer electronics sales are increasing and trends such as cloud computing and e-gaming have created massive opportunities for semiconductors and their equipment market.

    Analysts believe that due to the rising bullish trends in the semiconductor sector, the stocks will have another high year in 2021. Moreover, the growth and infrastructural development of the 5G system will pave way for cloud services.

    So, let’s have a look at the three best semiconductor stocks for long-term investment.

    Advanced Micro Devices (AMD)

    Advanced Micro Devices (AMD) is one of the most decorated and well-positioned semiconductor firms in the market. AMD has staged an amazing turnaround over the past five years, powered by new products and improved profitability.

    With the booming demand for semiconductors, AMD has been at the forefront of this profitable market. In Q4 2020, the company reported better-than-expected results surpassing Wall Street estimates. For the three months ended in Dec. 2020, AMD recorded sales of $3.24 billion, compared to estimates sales of $3.02 billion. While on the yearly basis, the sales were up by 53%. The massive spike in sales was driven by the strong demand for PC, gaming, and data center products.

    The company announced the portfolio of AMD Ryzen 5000 Series Mobile Processors. Whereas, on Oct. 8, AMD launched its next-generation Ryzen processors for desktop computers. The company describes its Ryzen 5000 series CPU as the “fastest gaming CPUs in the world.”

    Heading forward, the company expects its revenue of around $3.2 billion for the current, which would be 79% higher than last year. On the other side, Wall Street anticipates AMD to record sales of $2.73 billion.

    QUALCOMM (QCOM)

    QUALCOMM (QCOM) is another prominent stock in the semiconductor market with much potential in the long-term. The company continues to lead the way as 5G networks blanket cities far faster than expected. For most of 2020, QCOM was on the bullish side.

    In the recent Q1 2021 outcomes, the semiconductor firm produced mixed results. The company reported earnings of $2.17 per share compared to an estimated $2.10. While it lagged the revenues estimates by a little margin, with net revenue of around $8.23 billion. The overall sales grew 63% year-over-year while earnings soared over 119%.

    The news that may be hunting QCOM investors is the partnership deal of the company with Apple. There have been reports that the iPhone maker could cut out Qualcomm and make its own iPhone modem chips.

    NXP Semiconductors (NXPI)

    The semiconductor manufacturer, NXP Semiconductors (NXPI) produces high-performance, mixed-signal chips for the auto, mobile payment, and other end markets. The company is well-positioned to benefit from the market share in both the mobile payment and auto markets in 2021.

    NXP will be a bigger part of the electric and autonomous vehicle technology and would also bring long-term investing opportunities. In the recent quarterly update, the company reported better-than-expected Q4 2020 results. The earnings per share were $2.68, surpassing the Zacks Consensus Estimate of $2.11. This represents an 11.2% jump from the last year and 57.6% sequentially. While the net sales were $2.51 million, 1.7% higher than the estimates.

    As we head forward, analyst Angelo Zino anticipates NPX’s revenue growth of 12% and EPS growth of 30.9% during 2021. So, NXP Semiconductors (NXPI) is one of the long-term options for investors.

  • 15 Trending Stocks In Semiconductors Industry To Watch And Buy In 2020

    15 Trending Stocks In Semiconductors Industry To Watch And Buy In 2020

    The semi-conductors industry has maintained its position by bringing new technologies essential for future growth. Semi-conductors have become important to the operation of everything from the economy to national security. In 2020, the semi-conductors industry has experienced an increase in growth by 3.3%. Semiconductors spark the engine of technological advancement.

    The significance of this industry is so great that most advanced nations aimed to be competitive in at least some aspect of this critical industry. This industry is bringing new technologies and innovation as time passes by. Advanced semi-conductors create better products that lead to greater demands in this industry.

    Let’s take a quick look at 15 leading companies in the semiconductor industry:

    Intel Corporation (NASDAQ: INTC)

    Intel Corporation (NASDAQ: INTC) last closed at $50.39, in a 52-week range of $43.63 to $69.29. Analysts have a consensus price target of $56.50.  Intel Corporation announced Wednesday that it has released ‘Tiger Lake’ the 11th generation version of its flagship chip for laptops. It has disclosed that its performance is 20% and has a better battery life. This Corporation believed that this new product will help it to achieve its lost market shares. Intel has a total market capitalization of 209.93 billion.

    NVIDIA Corporation (NASDAQ: NVDA)

    NVIDIA Corporation (NASDAQ: NVDA) stock drop by -9.28% to $520.62. The most recent rating by The Benchmark Company, on September 02, 2020, is at a Buy. NVIDIA Corporation has introduced a new line of gaming cards and detailed more video games. NVIDIA said its GeForce RTX 3090, 3080, and 3070 chips will improve the video game graphics and increased the performance and efficiency. It has also announced its plan to release a new line of graphics cards that are two times faster than the predecessors. Its market capitalization remained high, hitting $308.53 billion.

    QUALCOMM Incorporated (NASDAQ: QCOM)

    QUALCOMM Incorporated (NASDAQ: QCOM) last closed at $116.43, in a 52-week range of $58.00 to $123.93. Analysts have a consensus price target of $119.26. QUALCOMM  has introduced a 5G-ready version of its snapdragon 4 chips that have the ability to run on cheaper phones. It is continuously striving to make 5G accessible to all smartphone users. It has earlier announced that it has launched the Snapdragon 732G Mobile Platform, which is an upgrade to the Snapdragon 730G. QUALCOMM Incorporated total market capitalization remained high, hitting 128.49 billion.

    Marvell Technology Group Ltd. (MRVL)

    Marvell Technology Group Ltd. (MRVL) stock drop by -6.96% to $38.32. The most recent rating by Cowen, on August 28, 2020, is at a Market perform. Marvell Technology has earlier disclosed that it has joined the Open RAN policy Coalition. The coalition consists of leading operators and equipment providers, leading policymakers. The purpose behind this coalition is to promote policies that advance the adoption of open and interoperable solutions in the RAN market. It has traded up 132.95% from its 52-weeks low and traded down -7.31% from its 52-weeks high.

    Texas Instruments Incorporated (NASDAQ: TXN)

    Texas Instruments Incorporated (NASDAQ: TXN) last closed at $141.67, in a 52-week range of $93.09 to $148.37. Analysts have a consensus price target of $139.68. Texas Instruments Incorporated has launched the industry’s first DC/DC buck-boost converter to combine programmable input current limit and integrated dynamic voltage scaling to extend battery life by at least 50%. It has moved up 52.19% from its 52-weeks low and moved down -4.52% from its 52-weeks high.

    Maxim Integrated Products Inc. (NASDAQ: MXIM)

    Maxim Integrated Products Inc. (NASDAQ: MXIM) stock drop by -3.05% to $68.55. The most recent rating by Cowen, on April 29, 2020, is at a Market perform. Maxim Integrated Products Inc. (MXIM) has introduced MAX31889 which is a digital temperature sensor that features an unmatched combination of accuracy and power consumption. It has the ability to replace expensive resistance temperature detectors (RTDs) in precise temperature-sensitive applications. It also has the ability to reduce wiring complexity.

    Skyworks Solutions Inc. (NASDAQ: SWKS)

    Skyworks Solutions Inc. (NASDAQ: SWKS) last closed at $139.91, in a 52-week range of $67.90 to $154.24. Analysts have a consensus price target of $141.20. Skyworks Solutions Inc. (NASDAQ: SWKS) disclosed that it has decided to participate in Fireside Chat at the Citi 2020 Global Technology Conference on Sept. 8, 2020. It has moved up 106.05% from its 52-weeks low and moved down -9.29% from its 52-weeks high.

    Broadcom Inc. (NASDAQ: AVGO)

    Broadcom Inc. (NASDAQ: AVGO) fall -6.11% after losing more than -$22.92 on Thursday. Broadcom Inc. Announces Third Quarter Fiscal Year 2020 Financial Results and Quarterly Dividends. Apple Inc (AAPL) supplier Broadcom Inc (AVGO) said on Thursday that a ramp-up of annual chip shipments would be later this year and pointed the later release date. Broadcam Inc has total market capitalization is $139.27 billion.

    Advanced Micro Devices Inc. (NASDAQ: AMD)

    Advanced Micro Devices Inc. (NASDAQ: AMD) shares were trading down -8.51% at $82.54 at the time of writing on Thursday.

    Advanced Micro Devices Inc. (NASDAQ: AMD) share price went from a low point around $27.43 to briefly over $94.28 in the past 52 weeks, though shares have since pulled back to $82.54. AMD market cap has remained high, hitting $94.92B at the time of writing, giving it a price-to-sales ratio of more than 10.

    If we look at the recent analyst rating AMD, Northland Capital downgraded coverage on AMD shares with a market perform rating and a $76.15 price target, which implies room for -6.39% downside momentum this year.

    Micron Technology Inc. (NASDAQ: MU)

    Micron Technology Inc. (NASDAQ: MU) Shares headed falling, lower as much as -3.14%. The most recent rating by Cascend Securities, on August 13, 2020, is at a Buy. Its stocks fluctuated between the 52-weeks low range of $31.13 and a high range of $61.19. It has moved up 48.93% from its 52-weeks low and moved down -24.29% from its 52-weeks high. Micron Technology has a total market capitalization of $50.27 billion.

    Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM)

    Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) fall -1.20% after losing more than -$0.99 on Thursday. During the 52-weeks of trading, this company’s stock has fluctuated between the low of $41.58 and a high of $84.00. TSM has traded up 95.26% from its 52-weeks low and traded down -3.36% from its 52-weeks high. Focusing on ita liquidity, it has a current ratio of 1.40. TSM’s quick ratio is 1.30.

    ON Semiconductor Corporation (NASDAQ: ON)

    ON Semiconductor Corporation (NASDAQ: ON) Shares headed falling, lower as much as -4.16%. The most recent rating by Craig Hallum, on August 11, 2020, is at a Buy. ON Semiconductor Corporation (NASDAQ: ON) total market capitalization has remained high, hitting 8.53 billion. Focusing on its liquidity, it has a current ratio of 2.30.

    Analog Devices Inc. (NASDAQ: ADI)

    Analog Devices Inc. (NASDAQ: ADI) fall -3.87% after losing more than -$4.71 on Thursday. During the past 52-weeks of trading, this company’s stock has oscillated between the low of $79.07 and a high of $127.39. Looking at its profitability, it has a return on assets of 5.20%, return on equity of 9.50%, and return on investment of 9.20%.

    STMicroelectronics N.V. (NYSE: STM)

    STMicroelectronics N.V. (NYSE: STM) Shares headed falling, lower as much as -8.90%. The most recent rating by Bryan Garnier, on June 29, 2020, is at a Buy. Its market capitalization remained high, hitting 25.98 billion. Looking at its liquidity, it has a current ratio of 2.10.

    Inphi Corporation (NYSE: IPHI)

    Inphi Corporation (NYSE: IPHI) stock drop by -8.18% to $108.59. The most recent rating by Northland Capital, on August 05, 2020, is at a Market perform. Inphi Corporation (NYSE: IPHI) has a 52-weeks low and high range of $55.72 and $142.00, respectively. Its market capitalization remained high, hitting $5.60 billion at the time of writing.