46.45 -1.04 (-2.19%)
Pre-market: 7:06AM EST
|Bid||46.70 x 800|
|Ask||46.85 x 3100|
|Day's range||47.07 - 49.29|
|52-week range||21.04 - 59.27|
|Beta (5Y monthly)||3.10|
|PE ratio (TTM)||158.30|
|Earnings date||27 Apr 2020 - 03 May 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||26 Apr 1995|
|1y target est||48.88|
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(Bloomberg) -- The semiconductor industry last year suffered its worst annual slump in almost two decades, hurt by a trade war between the largest chip producer, the U.S., and the largest consumer, China.Revenue fell 12% to $412 billion in 2019, the Semiconductor Industry Association said Monday in a statement. That’s the biggest drop since 2001, when industry sales slumped 32% as the dot-com bubble burst.The rate of decline last year abated with sales growing slightly in the fourth quarter from the preceding three-month period, the industry association said. For that to continue, China and the U.S. need to build on the phase one trade agreement announced last month.“Policies that promote free trade and ensure open access to global markets are needed for continued recovery in the coming months,” John Neuffer, SIA president, said in a statement.The decline in industry sales didn’t stop investors betting on a future rebound. In 2019, five of the top 10 performers on the S&P 500 Index were chipmakers or chip-equipment companies. Advanced Micro Devices Inc. was the overall top performer surging 148% for the year.Memory chips were the hardest hit. Prices of those commodity chips fell as production outran demand. Memory revenue dropped 33% from 2018 led by declines in computer memory.All regions experienced a decline in demand. Sales in China, whose consumers and factories that supply finished products to the rest of the world account for more than one-third of global consumption of the electronic components, fell 8.7%, according to the SIA. Sales in the Americas dropped the most of any region at 24%.To contact the reporter on this story: Ian King in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Alistair Barr at email@example.com, Andrew Pollack, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg Opinion) -- Samsung Electronics Co.’s earnings report and outlook reflect doom and gloom. Many are surprised. Positive signs from chip rival Taiwan Semiconductor Manufacturing Co. and smartphone stalwart Apple Inc. had fed the belief that the South Korean giant would put the worst behind it. The key takeaway here is that a rising tide doesn’t lift all boats.On the surface, as the one of the world’s biggest technology companies, it might be reasonable to suggest that Samsung ought to benefit from the turnaround enjoyed by major rivals. In reality, a major reason why Samsung is suffering while others rebound is that the company’s big strengths — memory chips and displays — are precisely the weakest parts of the tech sector right now.Its semiconductor unit posted a 56% drop in operating income for the period and its display business fell 77%. Between them, these component divisions usually contribute half to two-thirds of its profit. TSMC, Intel Corp. and even Advanced Micro Devices Inc. don’t dabble in such commodity products. When things are good in memory and displays, Samsung soars because it’s the world’s largest supplier of both. But when times are bad, like now, it suffers the most. That pain will continue in both divisions this quarter, with executives noting in a conference call that continued weakness in demand will hurt both revenue and profits.Bulls will find positive signs if they want. The memory chip market will surely improve as the year progresses, but heck, it couldn’t get much worse. And the whole world — from TSMC to Intel to Xiaomi Corp. — is betting that a 5G rollout will juice sales across the board. Just because TSMC, Apple and Intel reported solid results and gave optimistic outlooks doesn’t mean that every company in the sector is set to benefit from a turnaround in hardware. AMD, Intel’s chief competitor in computer chips, provided guidance just a day earlier that could be characterized as a bit light. Its shares fell 6%, their largest decline since August.Samsung’s 1.5% miss on net income was a break from the previous two quarters, when it surpassed analyst estimates. We already knew sales and operating figures from preliminary results provided earlier this month that hinted that things had reached a bottom and pointed to positive signs ahead. Operating income fell 34%, but was better than estimates, which makes this weak net profit figure confounding.The only division that didn’t share the pain is smartphones, a sandbox that Apple also plays in. Operating profit from that division climbed 67% from a year prior. But Samsung noted that the figure will remain only “steady” this quarter since an expected revenue boost from new models, including a foldable handset, will be offset by higher marketing costs. In the end, it may be best to look at reality. Samsung has chosen a strategy that allows it to dominate a select part of the tech industry. Unfortunately, that means feeling the most pain when such a bet doesn’t pay off.To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Patrick McDowell at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
AMD's fourth-quarter 2019 results benefit from robust adoption of Ryzen, Radeon and latest second-gen EPYC processors. However, cautious revenue guidance for the first quarter is a concern.
AAPL posting earnings of $4.99 per share, beating bottom line estimates of $4.54 on revenues of $91.8 billion, easily outpacing the $87.7 billion in the Zacks consensus.
Advanced Micro (AMD) delivered earnings and revenue surprises of 6.67% and 1.22%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?