Previous close | 51,500.00 |
Open | 51,900.00 |
Bid | 51,900.00 x 0 |
Ask | 52,000.00 x 0 |
Day's range | 51,500.00 - 52,500.00 |
52-week range | 51,500.00 - 75,400.00 |
Volume | |
Avg. volume | 1,160,187 |
Market cap | 383.525T |
Beta (5Y monthly) | 0.93 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1,445.00 (2.48%) |
Ex-dividend date | 30 Mar 2022 |
1y target est | 81,900.00 |
Samsung Electronics Co Ltd is likely to turn in its best April-June profit since 2018 with a 15% year-on-year rise, as lingering demand for its memory chips from server customers offsets lower sales to inflation-hit smartphone makers. On the overall outlook for global memory chip demand, Park Sung-soon, analyst at CAPE Investment & Securities, said U.S. data centre firms such as Amazon, Microsoft, Alphabet's Google and Meta are expected to continue buying "to meet expanding demand for cloud services". Still, chipmakers worldwide are facing cooling demand after two bumper pandemic years when people bought phones and laptops to work remotely, which resulted in a chip shortage and forced companies including automakers to pay top dollar for key chips, pushing their prices up.
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(Bloomberg) -- Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a chip glut. Most Read from BloombergNatural Gas Soars 700%, Becoming Driving Force in the New Cold WarBezos Slams Biden Over Call for Lowering of Gas PricesPerson of Interest in July 4 Parade Shooting That Killed Six in Police CustodyTesla Pauses Plants After Ending Shaky Quarter With a Production Mileston