Is Apple the Most Suitable Buyer for Broadcom’s RF Chip?
Broadcom (AVGO) stock rose by 0.3% on Tuesday, after reports that Apple (AAPL) could buy Broadcom’s RF (radio-frequency) chip business.
Why Broadcom Might Sell its RF Wireless Chip Unit
Broadcom (AVGO) plans to sell one of its wireless chip units. The Wall Street Journal stated that Broadcom wants to divest its radio-frequency segment.
Why Are Qorvo and Skyworks Stocks Rising Today?
Shares of Apple suppliers Qorvo and Skyworks are trading higher today. However, Apple stock is down by 0.4% today. We dig into why this may be.
Will Apple iPhone SE 2 Drive Shipments Higher in 2020?
Amid speculation that Apple plans to launch a low-cost iPhone in early 2020, noted analyst Ming-Chi Kuo expects the smartphone to be called the iPhone SE 2.
Fortinet and Qorvo Gain while ANET Sinks After-Hours
Tech stocks Qorvo (QRVO), Fortinet (FTNT), and Arista Networks (ANET) just reported earnings and are big movers in today’s after-hours trading session.
Correlation between Samsung, Apple, and Semis
Apple and Samsung plan to release their earnings on October 30 and 31, respectively. YoY, Apple expects flat revenue, and Samsung expects a 5.3% decline.
Skyworks, PSTG, and QRVO Gain Due to Analyst Upgrades
Pure Storage (PSTG), Skyworks Solutions, and Qorvo (QRVO) shares rose in early market trading today. So far, Skyworks has returned 4.6%, respectively.
Apple Chip Supplier Stocks Rally Ahead of iPhone Launch
It’s that time of year—Apple (AAPL), the world’s largest handset maker by revenue, is launching its new iPhones. Apple chip supplier stocks have rallied.
Semiconductor Stocks in Focus on China Tariff Delay
The recent delay in the tariffs on China has sent a wave of optimism throughout the tech sector—especially the semiconductor industry.
Semiconductor Stocks Hit by China Trade War Escalation
This earnings season, semiconductor companies mitigated the Huawei ban by identifying components that didn’t risk national security.
What to Expect from This Week’s Semiconductor Earnings
So far, semiconductor earnings have raised investors’ expectations about growth in the second half and next year.
Fund Managers Increased Risk but Still Fear Slowdown
Despite the markets hitting record highs, not many fund managers are in an optimistic mood.
Fund Managers Are Bearish on Growth and Corporate Profit Outlook
The BAML survey highlighted the fact that investors are very bearish on growth expectations. A net 50% of the respondents expect global growth to weaken over the next 12 months. A record number of investors said that the global economy was in the late cycle.
Trump’s Huawei Ban Pulls Down US Chip Stocks
Last week, Donald Trump blacklisted Chinese telecom giant Huawei Technologies amid rising US-China trade tensions.
Qorvo Cuts Q1 2019 Guidance to Reflect Impact from Huawei Ban
The semiconductor industry—and smartphone chipmakers in particular—have started to feel the impact of the Huawei ban imposed by the United States.
What Drove Qorvo Stock Down on May 17?
Shares of semiconductor (SMH) company Qorvo (QRVO) fell 6.1% on May 17 to close trading at $63.93.
Smartphone Weakness to Impact Skyworks’ and Qorvo’s Earnings
The semiconductor industry is at the start of the 5G (fifth generation) revolution.
Micron: Excessive Inventory Could Impact Its Margins
In the second quarter, Micron’s gross margin fell by 820 basis points YoY to 50.2%. The operating margin fell from 49.4% to 36.2% on a YoY basis.
Efficiency Ratios Favor Skyworks over Qorvo
Skyworks has stronger revenue and earnings growth than Qorvo. Skyworks is relatively cheaper than Qorvo in terms of the valuation.
Skyworks or Qorvo: Analysts’ Recommendations
Analysts are mixed about Qorvo and Skyworks. Some analysts have a “buy” recommendation, while others have a “hold” recommendation.
Skyworks and Qorvo Stock: Positive Momentum
Skyworks (SWKS) stock has shown some positive momentum in 2019. The stock has risen 22.5% YTD (year-to-date) after falling 28% in 2018.
What to Expect from Skyworks and Qorvo’s Earnings
Apple’s (AAPL) RF chip suppliers, Skyworks (SWKS) and Qorvo (QRVO) have strong long-term growth potential due to 5G technology.
Skyworks and Qorvo: Bleak Short-Term Revenue Outlook
The connectivity chip market has strong long-term growth potential. The advent of 5G will connect more devices to the Internet.
5G Revolution: Skyworks and Qorvo Expand beyond Smartphones
The 5G revolution is a connectivity technology that will offer high broadband speed with low latency.
Skyworks and Qorvo Provide Exposure to 5G Opportunity
In 2018, Skyworks and Qorvo stocks fell 28% and 8.8%, respectively, while Apple stock fell 7.7%. The stocks have improved in 2019.
What’s Driving Broadcom’s Revenue?
Semiconductor giant Broadcom (AVGO) achieved quarterly revenue of nearly $5.79 billion in the first quarter fiscal 2019.
Where’s the ‘Next Warren Buffett’ Placing His Bets?
After Twenty-First Century Fox (FOX) (FOXA), Cheniere Energy (LNG) is Seth Klarman’s biggest bet.
Why Twenty-First Century Fox Remains Seth Klarman’s Favorite Bet
Seth Klarman’s portfolio value at the end of the fourth quarter was $11.5 billion.
Apple to Sell Only Older, Qualcomm-Powered iPhones in Germany
Qualcomm stock rose more than 1% on February 15 after Apple stated that it would sell only older iPhones powered by Qualcomm in Germany.
Stocks of Apple Suppliers Fall on SWKS’s and QRVO’s Weak Guidance
Apple and its chip suppliers reported further falls as systems suppliers Skyworks and Qorvo reported weaker-than-expected guidance.
Here’s Apple’s Answer to iPhone Demand Problem
Apple is considering pricing the iPhone in local currency outside the United States.
Apple Supplier Stocks Rise despite iPhone Revenue Falling 15%
Yesterday, Apple (AAPL) announced its fiscal 2019 first-quarter earnings, just beating its lowered revenue guidance.
An Apple a Day Might Disappoint Semiconductor Investors
Among the most important earnings results of the season are those of Apple (AAPL), a major customer for several semiconductor companies.
Apple Struggles Shed Light on Broadcom’s CA Takeover
Earlier this month, Apple revised the outlook for its first quarter of fiscal 2019.
Weakness Continues to Plague Apple’s iPhone Sales
As per the latest report on January 9, Apple is cutting the production of its latest iPhone models by ~10% in the first quarter.
When Apple Sneezes, Suppliers Catch a Cold
Being a part of Apple’s (AAPL) supply chain can be a huge benefit to suppliers, but can also pose a liability.
Apple Stock Fell ~10% Yesterday after Its CEO Warned about Sales
On January 3, Apple (AAPL) stock nosedived ~10% to close at $142.19, its biggest single-day drop since July 2017.
Qualcomm Secures Ban on Apple’s iPhones in Germany
Qualcomm (QCOM) has been in a legal battle with Apple (AAPL) for two years.
Will Apple Announce a Reduced Outlook for March Quarter?
Apple (AAPL) stock has lost 33% in the last three months.
How Are Broadcom’s Revenues Performing?
In the fourth quarter of fiscal 2018, Broadcom achieved quarterly revenue of nearly $5.45 billion.
Another Apple Supplier Reports Declining Revenues—What’s Next?
Today hasn’t been a good day for Apple (AAPL) supplier Largan Precision in Taiwan. It reported about a 29% decline in its revenues in its latest earnings report.
How Sluggish Demand for iPhones Is Hurting Apple’s Revenue
In the fourth quarter of fiscal 2018, Apple’s (AAPL) iPhone sales rose 29% YoY (year-over-year) to $37.2 billion.
Goldman Again Slashes Its Price Target on Apple
Amid weakness in demand, on November 21, analyst Rod Hall of Goldman Sachs (GS) lowered his price target on Apple stock.
Inside Apple’s Soft Revenue Guidance for the First Quarter
China (FXI) is the second-largest market for iPhones after the United States since the launch of the iPhone 6 series.
Qorvo Stock Fell 5.7% on Friday
Qorvo (QRVO) stock fell 5.7% on Friday to close trading at $74.
Apple to Drive Broadcom’s Wireless Revenue in H2 2018
However, the growth might not be that strong this year, as Broadcom’s fiscal Q4 2018 wireless revenue represents a 10% decline on a YoY (year-over-year) basis.
LG Display and Qorvo to Benefit from 2018 iPhone Models
Apple (AAPL) made several changes in its iPhone suppliers in 2018. It completely ditched its long-term modem supplier Qualcomm for Intel (INTC) due to licensing disputes with the former.
Taiwanese Apple Suppliers Concerned about High iPhone Prices
Apple (AAPL) is replacing some of its Taiwanese suppliers with Chinese (FXI) suppliers to reduce production costs for its less expensive iPhones and MacBooks.
A Look at Chip Suppliers with High Exposure to Apple
KeyBanc estimates that Cirrus Logic and Skyworks Solutions could earn $0.05–$0.08 in earnings per share for every 5 million iPhone 8 and iPhone X models sold by Apple.
Is Apple Seeing Demand for 2017 iPhone Models?
The constrained supply of the iPhone X is making it difficult to assess the true demand for the device.
Apple Supplier News and the iPhone X
Apple (AAPL) earns more than 60% of its revenues from its iPhone line. In this series, we’ll see how its manufacturing and supply chain affects its earnings.
Apple Suppliers: Why Their Stocks Fell on December 6
The stock of Apple (AAPL) iPhone lens manufacturer Largan Precision fell 10% on Wednesday, December 6, 2017, after it announced that revenue for December 2017 is expected to decline.
A Look at Broadcom’s Cash Inflows and Outflows
In fiscal 2Q17, Broadcom’s operating cash flow increased 17% sequentially to ~$1.6 billion.
What’s Affected Apple Stock Recently?
Apple is expected to launch the iPhone 8 in September 2017, marking the ten-year anniversary since the launch of the first iPhone.
What’s the Possibility of a Delay in Apple’s iPhone 8 Launch?
The early production ramp up for Apple’s (AAPL) iPhone 8 doesn’t seem to indicate an early launch of the smartphone.
How Seasonality Could Impact Broadcom’s 1Q17 Wireless Revenue
Broadcom’s wireless communications segment In the previous part of this series, we saw that Broadcom (AVGO) is expected to witness flat revenue in its wired infrastructure segment. This revenue could partially offset seasonal declines from wireless communications segment, which accounts for 32% of the company’s revenue. The wireless segment offers wireless connectivity and custom analog handset […]
Fidelity Series All-Sector Equity Fund’s YTD 2016 Sector Composition
The Fidelity Series All-Sector Equity Fund (FSAEX) is quite diversified, and it has no dominant sector.
Shares of Apple’s Suppliers Fall over iPhone Concerns
On July 5, 2016, shares of Apple’s suppliers, including Skyworks Solutions, Qorvo, and Cirrus fell over concerns about the iPhone.
Exploring Portfolio Changes in FSAEX
FSAEX invests primarily in common stocks of US and foreign issuers. It invests in growth stocks, value stocks, or both.
Will Apple’s Slowing iPhone Sales Impact Cirrus Logic?
Like Skyworks, Cirrus Logic improved its non-GAAP gross margin from 46.6% in fiscal 4Q15 to 49.8% in fiscal 4Q16 due to a favorable product mix.
How is Qorvo Managing to Grow despite Apple’s Slowdown?
In fiscal 4Q16, Qorvo’s revenue from IDP rose by 9% quarter-over-quarter to $142 million, accounting for 23% of the company’s revenue. The increasing demand for data is driving the IDP growth.
What Does Qorvo’s CEO Think about Apple’s Growth?
Qorvo’s (QRVO) fiscal 4Q16 earnings came as a surprise as its fellow Apple suppliers Skyworks and Cirrus Logic (CRUS) reported weaker earnings. This turn of events made some analysts pessimistic about Qorvo’s earnings.
Why Apple’s Shares Fell 7% on Its Earnings Day
On April 26, 2016, Apple announced its fiscal 2Q16 results. Its revenues of $50.6 billion were lower than analysts’ consensus estimate of $51.5 billion.
Fast Facts about the Fidelity Series All-Sector Equity Fund
The Fidelity Series All-Sector Equity Fund was founded in October 2008 and has an expense ratio of 0.67%. Shares of this fund are offered only to certain other Fidelity funds.
Will Jabil Circuit’s Revenues Rise with the iPhone 7 Release?
Apple may launch the iPhone 7 and iPhone 7 Plus in September 2016. This is expected to drive Jabil Circuit’s revenues in the coming quarters.
Slowing Smartphone Sales Impact Samsung’s Earnings
Semiconductor stocks have been falling in 2016. A major player hit by this trend has been Korean smartphone maker Samsung.
Why Did Skyworks Shares Rise despite Lower Guidance?
kyworks Solutions’ (SWKS) shares rose ~4% at $67.21 in the after-hours trading session on January 28 despite the company reporting lower-than-expected guidance
Apple’s iPhone Sales Flat for First Time since Fiscal 2007
Apple’s iPhone sales have been flat year-over-year, not growing for the first time since fiscal 2007. This indicates that the incremental upgrades to the iPhone 6S didn’t boost sales.
TSMC’s Revenue Was Impacted as Apple Scaled Production Back
Apple is TSMC’s major customer in the communication segment. The recent production scale-back by Apple in December 2015 affected TSMC’s fiscal 4Q15 revenue.
TSMC’s Fourth Quarter Earnings Drop for First Time in 4 Years
Taiwan Semiconductor Manufacturing Company’s fourth quarter earnings fell for the first time in four years due to slowdown in demand for high-end smartphones.
Lower Revenue Guidance for Analog, Qorvo, and Cirrus Logic
Analog announced that it expects its revenue in fiscal 1Q16 to be $745–$765 million due to weaker demand in its portable consumer business segment.
Surprise in Store: AMD’s Fiscal 4Q15 Earnings
On average, analysts expect AMD to post an EPS (earnings per share) of -$0.12 in fiscal 4Q15. It’s better than the EPS of $0.47 in fiscal 4Q14.
Skyworks, Qorvo, and Avago Fall after Qualcomm JV Announcement
Shares of Skyworks Solutions (SWKS) fell 4.5% to $62.16 on January 13, 2016. Investors believe that the JV will pose a substantial threat from a stronger Qualcomm.
RFFE Space Provides Huge Opportunity for Qualcomm
The RFFE space is projected to be an $18 billion market by 2020, according to Qualcomm. The filter assets in RF360 Holdings, the new joint venture, will be among the top three in the industry.
Why Qorvo May Still Look Good despite Weak Guidance
Many analysts have maintained a “Buy” rating for Qorvo as it still shows strength in various areas and as the sales of other Apple products remain strong.
Shares of Apple Suppliers Fell after Revised Analyst Forecasts
Shares of Apple supplier Skyworks Solutions (SWKS) fell 3.6% on December 14, 2015, after three investment banks lowered Apple’s iPhone estimates.
Apple Reduced Component Orders by 10%: Credit Suisse
Morgan Stanley (MS) analyst Katy Huberty noted that iPhone sales in China rose while they declined in most regions globally.
How Energy Dragged Down the American Funds AMCAP Fund
The American Funds AMCAP Fund Class A rose by 7.0% in October 2015 over the previous month. But the energy sector made this fund a bottom performer.
Why Qorvo and HCA Issued Most Junk Bonds
Qorvo is a company involved in radio frequency systems and defense. It issued junk bonds worth $1.0 billion last week that were rated as Ba1/BB+.
Qorvo’s Shares Soared 23% after Its Fiscal 2Q16 Earnings Release
In fiscal 2Q16, Qorvo’s (QRVO) revenue almost doubled year-over-year to $708 million, beating the consensus estimate of $700 million.
Apple Suppliers like Skyworks Solutions See Share Price Dip
The stock price of Skyworks has declined by 5.60% in the last week of June. The last traded price of the firm on June 30, 2015, was $104.10.