|Bid||88.00 x 100|
|Ask||0.00 x 0|
|Day's range||96.68 - 98.01|
|52-week range||60.50 - 104.09|
|PE ratio (TTM)||20.74|
|Dividend & yield||1.16 (1.17%)|
|1y target est||N/A|
Monolithic Power (MPWR) is benefiting from consistent execution. The company has significant growth potential in the automotive market and Purley conversion cycle.
Silicon Valley graphics chipmaker NVIDIA unveiled on Tuesday the first computer chips for developing fully autonomous vehicles and said it had more than 25 customers working to build a new class of driverless cars, robotaxis and long-haul trucks. Deutsche Post DHL Group, the world’s largest mail and logistics company, and ZF, a top automotive parts supplier, plan to deploy a fleet of autonomous delivery trucks based on the new chips, starting in 2019, NVIDIA said. The third generation of NVIDIA’s Drive PX automotive line, code-named Pegasus, is a multi-chip platform the size of car licence plates with datacenter-class processing power.
Wells Fargo Securities Ford Motor anticipates 100% of its new vehicles sold in the U.S. will be connected/smart by 2019. Ford (F) anticipates electric vehicles and various hybrid derivatives to comprise two-thirds of the global vehicle mix by 2030. It was clear to us that Ford intends to partner with suppliers with technology (although they did not rule out some vertical integration).
Delphi Automotive (DLPH) appears to be a good choice for value investors right now, given its favorable P/E and P/S metrics.
U.S. auto sales figures for September are coming out Tuesday with several stocks near profit-taking sell territory after breaking out earlier.
Jefferies says Delphi Automotive and BorgWarner are the "best positioned to benefit from ongoing secular auto tech shifts."
Wall Street ended slightly lower on Wednesday after the U.S. Federal Reserve held interest rates unchanged and investors digested another heavy round of earnings reports. The benchmark S&P 500 reduced its losses following the statement from the U.S. central bank, which downplayed weak first-quarter economic growth and emphasized the strength of the labor market, in a sign it could tighten monetary policy as early as June. Investors are betting on a 65 percent chance of a hike in June, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data.