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Samsung to set up advanced wafer fab in Texas

Samsung Electronics has announced plans to invest an estimated US$17 billion in the establishment of a new semiconductor manufacturing facility in Taylor, Texas. The fab will be dedicated to producing advanced logic semiconductor solutions that power next-generation innovations and technologies......»»

Category: topSource: digitimesNov 25th, 2021

Equipment maker ACM debuts on China STAR market

ACM Research, a supplier of wafer cleaning technologies for advanced semiconductor devices, has had its Shanghai-based subsidiary start trading on the science and technology innovation board (STAR) of China's Shanghai Stock Exchange (SSE) recently......»»

Category: topSource: digitimesNov 26th, 2021

New Samsung fab in Texas to eye orders from major US vendors

Samsung Electronics has disclosed plans to set up an advanced wafer fab in Texas. The new fab that will be equipped with advanced process manufacturing equipment and facilities will be striving to win advanced chip orders from AMD and other US chip vendors, according to industry sources......»»

Category: topSource: digitimesNov 25th, 2021

Samsung to set up advanced wafer fab in Texas

Samsung Electronics has announced plans to invest an estimated US$17 billion in the establishment of a new semiconductor manufacturing facility in Taylor, Texas. The fab will be dedicated to producing advanced logic semiconductor solutions that power next-generation innovations and technologies......»»

Category: topSource: digitimesNov 25th, 2021

South Korean Chipmaker SK Hynix Halts Expansion Plans In China Due To U.S. Trade Restrictions

South Korean Chipmaker SK Hynix Halts Expansion Plans In China Due To U.S. Trade Restrictions It appears that the U.S. preventing companies like Intel from expanding their chipmaking operations in China is having an affect on other chipmakers globally. That's because South Korea's SK Hynix, a top supplier of memory chips globally, has halted the installation of new production equipment in China as a result of American trade policies. The company was planning on bringing extreme-ultraviolet lithography equipment to its Jiangsu Province plant, which makes about 40% of its DRAM chips, according to Nikkei.  But the company put a halt to the plans as a result of American measures that have been put in place to "restrict Chinese access to advanced technology that could boost its military power". Direct supply of EUV equipment to Chinese companies should be restricted, according to U.S. authorities. Dutch chipmaking equipment maker ASML held back deliveries in 2019 to Chinese chipmaker Semiconductor Manufacturing International Corp. as a result of the same concerns, the report notes. Recall, just days ago, Chinese Foreign Ministry spokesman Zhao Lijian said at a press briefing in Beijing that the U.S. is "stretching the concept of national security" by preventing plans for expansion by semi companies like Intel. Lijian said that the U.S. is using national security as a means to "build up trade barricades". Lijian also accused the Biden administration of forcing Samsung and Taiwan Semiconductor to hand over "sensitive information" related to their supply chains. Recall, we wrote last week that Intel had proposed "using a factory in Chengdu, China, to manufacture silicon wafers,". It could have been online by 2022, but the White House, "strongly discouraged" the move. Intel likely had to listen since the company is seeking government support in helping expand its capacity for manufacturing semis in the U.S. Intel told Bloomberg it was now looking at “other solutions that will also help us meet high demand for the semiconductors essential to innovation and the economy.” The company continued: “Intel and the Biden administration share a goal to address the ongoing industrywide shortage of microchips, and we have explored a number of approaches with the U.S. government. Our focus is on the significant ongoing expansion of our existing semiconductor manufacturing operations and our plans to invest tens of billions of dollars in new wafer fabrication plants in the U.S. and Europe.” Days prior to this report, we wrote how U.S. firms were splurging on Chinese semi deals, drawing scrutiny from the White House. U.S. venture capital firms have been "ramping up investments" in Chinese semiconductor companies despite the obvious security conflicts, a report from the Wall Street Journal said. Cumulatively, U.S. firms have helped raise "billions" for Chinese chip startups, we noted.  There has been more than 58 deals in China's semiconductor industry from 2017 to 2020, we wrote. Among the "active investors" was Intel, who had invested in a Chinese company called Primarius Technologies Co., which makes chip-design tools that the U.S. currently holds the lead in making.  Intel told the WSJ last week that its China investments "are less than 10% of the deals in a global portfolio designed to support its business and generate return". Tyler Durden Sat, 11/20/2021 - 13:00.....»»

Category: blogSource: zerohedgeNov 20th, 2021

Flexciton optimizes wafer fab scheduling to improve production efficiency

Flexciton, a UK-based software startup, deployed its production scheduling optimization software in Seagate's factory in Derry, Northern Ireland. The software is based on mixed-integer linear programming (MILP), which is more advanced than other machine learning techniques. Not only does it find a "better" production scheduling solution, but it also finds the mathematically "best" solution. The problem with MILP in the past was that the calculation speed was too slow, which made it difficult to put into use on production lines where conditions are rapidly changing......»»

Category: topSource: digitimesNov 1st, 2021

Semiconductors Stocks" Nov 1 Earnings Roster: NXPI, ON & More

Here is a sneak peek at how four semiconductor stocks, NXPI, ON, CRUS and RMBS, are expected to fare in their quarterly results slated to release on Nov 1. Semiconductor stocks’ upcoming results are anticipated to reflect gains from the ongoing remote-working trend, which has turned out to be a boon.The trend is anticipated to have continued aiding chip companies on the heels of the rising demand for desktops, notebooks and enterprise laptops.Per IDC data, PC shipments in third-quarter 2021 improved 3.9% year over year to 86.7 million units. The demand for notebooks in third-quarter 2021 remained noteworthy.The global shortage of chip supply has opened up opportunities for semiconductor companies, which, in turn, is expected to get reflected in their upcoming results.Per The Semiconductor Industry Association data, the global semiconductor industry’s sales were $45.4 billion in July 2021, up 29% from that reported in July 2020. In August 2021, sales were $47.2 billion, up 29.7% from that reported in August 2020.In addition to these, the growing proliferation of advanced technologies, including AI, ML, AR/VR, cloud computing, IoT, quantum computing, and blockchain, is likely to have continued bolstering the semiconductor demand.The robust demand for server solid state drives for data centers, which has been driving growth in the NAND market, is expected to have benefited the semiconductor stocks in the third quarter.The rapid adoption of autonomous vehicles, advanced driver assisted systems, gaming, wearables, drones and VR/AR devices, which has been continuously fueling growth in the semiconductor industry, is expected to have been a major positive.Strong growth in the automotive and industrial end-markets is likely to have benefited semiconductor companies in the quarter under review.Solid momentum in smartphone processors is anticipated to have acted as a tailwind for the companies in the quarter under discussion.However, uncertainties related to the pandemic are expected to have been concerning for semiconductor stocks.Sneak Peek on a Few Upcoming ReleasesLet’s see how the following semiconductor stocks are poised ahead of their quarterly results, which are slated to be reported on Nov 1.NXP Semiconductors’ NXPI third-quarter 2021 performance is expected to have gained from the continuous increase in wafer supply. The growing momentum across radar, advanced driver assistance systems, battery management and digital clusters businesses is anticipated to have benefited the company in the quarter under review.Strength in its Trimension Ultra-Wideband platform is anticipated to have been another positive in the soon-to-be-reported quarter. However, The coronavirus-driven global economic crisis, which has been raising volatility in the semiconductor market, is expected to have acted as a headwind. (Read more: NXP to Report Q3 Earnings: What's in the Offing?)Our proven model does not conclusively predict an earnings beat for NXP Semiconductors this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Notably, NXP Semiconductors has an Earnings ESP of 0.00% and a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for the company’s third-quarter earnings has been unchanged at $2.74 per share over the past 30 days.NXP Semiconductors N.V. Price and EPS Surprise  NXP Semiconductors N.V. price-eps-surprise | NXP Semiconductors N.V. QuoteON Semiconductor’s ON third-quarter 2021 results are likely to reflect benefits from strength across industrial, computing, consumer and automotive end-markets. The growing momentum across electric vehicle manufacturers is expected to have contributed well.The rapid deployment of 5G, strong demand for power modules, and continued strength in client and server business are expected to have aided the company’s third-quarter performance. Solid demand for its power and sensing products is anticipated to have driven top-line growth further. (Read more: onsemi to Report Q3 Earnings: What's in the Cards?)Notably, ON Semiconductor has an Earnings ESP of -4.38% and a Zacks Rank #3 at present.The Zacks Consensus Estimate for the company’s third-quarter earnings has moved downward by 1.3% to 74 cents per share over the past 30 days.ON Semiconductor Corporation Price and EPS Surprise  ON Semiconductor Corporation price-eps-surprise | ON Semiconductor Corporation QuoteCirrus Logic’s CRUS second-quarter fiscal 2022 results are expected to reflect gains from the growing demand for its audio and haptic solutions. Strengthening customer engagement across its portfolio is expected to have contributed well.An increase in the penetration of its audio solutions in smartphones is expected to have been a positive. The company is expected to have benefited from growth prospects in voice biometrics and closed-loop controllers. However, a volatile macroeconomic environment is anticipated to have been an overhang for the company.Notably, Cirrus Logic has an Earnings ESP of 0.00% and a Zacks Rank #3 at present.The Zacks Consensus Estimate for the company’s fiscal second-quarter earnings has been unchanged at $1.63 per share over the past 30 days.Cirrus Logic, Inc. Price and EPS Surprise  Cirrus Logic, Inc. price-eps-surprise | Cirrus Logic, Inc. QuoteRambus’ RMBS third-quarter 2021 results are expected to reflect gains from increased chip demand from PC manufacturers and data-center operators due to the current work-from-home and learn-from-home trends amid the COVID-19 pandemic.However, increasing spending on product development amid stiff competition in the security market has likely impacted profitability.Notably, Rambus has an Earnings ESP of 0.00% and a Zacks Rank #3 at present.The Zacks Consensus Estimate for the company’s third-quarter earnings has been unchanged at 33 cents per share over the past 30 days.Rambus, Inc. Price and EPS Surprise  Rambus, Inc. price-eps-surprise | Rambus, Inc. Quote Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rambus, Inc. (RMBS): Free Stock Analysis Report NXP Semiconductors N.V. (NXPI): Free Stock Analysis Report Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report ON Semiconductor Corporation (ON): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 29th, 2021

NXP (NXPI) to Report Q3 Earnings: What"s in the Offing?

NXP Semiconductors' (NXPI) Q3 results are likely to benefit from robust products, strong customer demand and design win momentum. NXP Semiconductors N.V. NXPI is scheduled to report third-quarter 2021 results on Nov 1.For the third quarter, the Zacks Consensus Estimate for earnings is pegged at $2.74 per share. This indicates growth of 61.2% from the year-ago reported figure.Further, the company anticipates revenues in the range of $2.775-$2.925 billion, indicating an increase between 22% and 29% year over year. The consensus mark for the same is pegged at $2.85 billion, implying growth of 25.7% from the year-ago reported figure.NXP beat on earnings in all the trailing four quarters, with the average being 10.4%.NXP Semiconductors N.V. Price and EPS Surprise NXP Semiconductors N.V. price-eps-surprise | NXP Semiconductors N.V. QuoteKey Factors to NoteThe company’s robust products, strong customer demand and design win momentum are expected to have persistently aided top-line growth in third-quarter 2021.A continuous increase in wafer supply is likely to have driven its quarterly performance in the to-be-reported quarter.Growing momentum across radar, advanced driver assistance systems, battery management and digital clusters businesses is anticipated to have benefited the company in the quarter under review.Strength in its Trimension Ultra-Wideband platform is likely to have remained a positive factor in the soon-to-be-reported quarter.During the quarter, Xiaomi MIX4’s “Point to connect” capabilities were powered by NXP’s Trimension UWB technology. This is likely to have supported its quarterly performance.Additionally, the company partnered with MOTER Technologies to provide a safe data exchange platform that combines its S32G2 vehicle network processors with the latter’s insurance data science expertise and software. This is expected to have aided NXP in the quarter under discussion.Further, the company’s positive outlook toward Automotive, Industrial & IoT, and Communication infrastructure and Other might get reflected in the upcoming quarterly results.Yet, the global coronavirus-driven economic crisis has been raising volatility in the semiconductor market. This might pose a challenge to the upcoming quarterly results.Also, supply chain constraints in all end markets served are likely to have continued affecting its quarterly performance.Further, the company’s negative outlook toward Mobile is expected to get reflected in the to-be-reported quarterly results.What Our Model SaysOur proven model does not conclusively predict an earnings beat for NXP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.It has an Earnings ESP of 0.00% and a Zacks Rank #3, at present.Stocks to ConsiderHere are some stocks that you may consider as our model shows that these have the right combination of elements to beat on earnings this season.Trimble TRMB has an Earnings ESP of +3.64% and a Zacks Rank of 2, at present.HP HPQ has an Earnings ESP of +1.89% and a Zacks Rank of 1, at present.Agilent A has an Earnings ESP of +0.61% and a Zacks Rank of 3, at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HP Inc. (HPQ): Free Stock Analysis Report Agilent Technologies, Inc. (A): Free Stock Analysis Report Trimble Inc. (TRMB): Free Stock Analysis Report NXP Semiconductors N.V. (NXPI): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 27th, 2021

These Are The Ten Top Stock Holdings Of Ken Fisher

Ken Fisher is one of the most popular money managers and authors globally. He founded Fisher Investments in 1979, and he is now its executive chairman and co-chief investment officer. Fisher Investments ended 2020 with over $150 billion in assets under management. Of the 11 books he authored, 6 are national best sellers, and now […] Ken Fisher is one of the most popular money managers and authors globally. He founded Fisher Investments in 1979, and he is now its executive chairman and co-chief investment officer. Fisher Investments ended 2020 with over $150 billion in assets under management. Of the 11 books he authored, 6 are national best sellers, and now he writes for many publications, including the Financial Times, USA Today and more. Let’s take a look at the ten top stock holdings of Ken Fisher. .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Ray Dalio Series in PDF Get the entire 10-part series on Ray Dalio in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Ten Top Stock Holdings Of Ken Fisher We have referred to the latest 13F filing (September 2021) of Fisher Asset Management to come up with the ten top stock holdings of Ken Fisher. Also, we have considered only stock holdings for the list. Following are the ten top stock holdings of Ken Fisher: Taiwan Semiconductor Manufacturing Founded in 1987, this company makes and sells integrated circuits and wafer semiconductor devices. Fisher owns 25,379,575 shares of Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:TSM) with a value of over $2,833 million, and accounting for 1.76% of his portfolio. Fisher first bought TSM shares in Q2 2003 and recently lowered investment in the company. TSM shares are up over 2% in the last one month and over 4% YTD. ASML Holding Founded in 1984, this company develops, makes, markets and sells advanced semiconductor equipment. Fisher owns 4,101,127 shares of ASML Holding NV (NASDAQ:ASML) with a value of over $3,055 million, and accounting for 1.90% of his portfolio. Fisher first bought ASML shares in Q2 2009 and recently raised investment in the company. ASML shares are up over 5% in the last one month and over 60% YTD. PayPal Holdings Founded in 1998, it is a financial services company that offers online payment solutions to users globally. Fisher owns 11,992,789 shares of Paypal Holdings Inc (NASDAQ:PYPL) with a value of over $3,120 million, and accounting for 1.94% of his portfolio. Fisher first bought PayPal shares in Q3 2015 and recently raised investment in the company. PayPal shares are down over 6% in the last one month but are up over 3% YTD. Adobe Founded in 1982, it is a software company that offers digital marketing and media solutions. Fisher owns 6,434,469 shares of Adobe Inc (NASDAQ:ADBE) with a value of over $3,704 million, and accounting for 2.30% of his portfolio. Fisher first bought Adobe shares in Q3 2018 and recently raised investment in the company. Adobe shares are up over 11% in the last one month and over 25% YTD. Salesforce.com Founded in 1999, it is a cloud computing firm that offers business software on a subscription basis. Fisher owns 13,909,728 shares of salesforce.com, inc. (NYSE:CRM) with a value of over $3,772 million, and accounting for 2.34% of his portfolio. Fisher first bought Salesforce.com shares in Q3 2015 and recently raised investment in the company. Salesforce.com shares are up over 8% in the last one month and over 30% YTD. Visa Founded in 1958, it is a financial services company that supports electronic payment systems globally. Fisher owns 18,337,601 shares of Visa Inc (NYSE:V) with a value of over $4,084 million, and accounting for 2.54% of his portfolio. Fisher first bought Visa shares in Q1 2002 and recently reduced investment in the company. Visa shares are up over 2% in the last one month and over 5% YTD. Alphabet Founded in 2015, it is a holding company of Google and many other companies, such as Google X, Google Ventures, and more. Fisher owns 1,837,480 shares of Alphabet Inc (NASDAQ:GOOGL) with a value of over $4,912 million, and accounting for 3.05% of his portfolio. Fisher first bought Alphabet shares in Q4 2007 and recently raised investment in the company. Alphabet shares are up over 2% in the last one month and over 55% YTD. Amazon.com Founded in 1994, this company offers e-commerce services, as well as hardware and web services. Fisher owns 1,931,156 shares of Amazon.com, Inc. (NASDAQ:AMZN) with a value of over $6,343 million, and accounting for 3.94% of his portfolio. Fisher first bought Amazon shares in Q1 2011 and recently raised investment in the company. Amazon shares are up over 2% in the last one month and over 3% YTD. Microsoft Founded in 1975, this company develops, makes, licenses, supports, and sells software products and services. Fisher owns 25,524,530 shares of Microsoft Corporation (NASDAQ:MSFT) with a value of over $7,195 million, and accounting for 4.47% of his portfolio. Fisher first bought Microsoft shares in Q1 2001 and recently raised investment in the company. Microsoft shares are up over 9% in the last one month and over 35% YTD. Apple Founded in 1976, this company designs, makes and markets computers, software and many consumer electronics items. Fisher owns 60,885,408 shares of Apple Inc (NASDAQ:AAPL) with a value of over $8,615 million, and accounting for 5.35% of his portfolio. Fisher first bought Apple shares in Q4 2005 and recently lowered investment in the company. Apple shares are up over 4% in the last one month and over 12% YTD. Updated on Oct 27, 2021, 10:16 am (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalkOct 27th, 2021

BE Semiconductor Industries N.V. Announces Q3-21 Results

Revenue of € 208.3 Million and Net Income of € 84.2 Million Up 92.3% and 147.6%, Respectively, vs. Q3-20. Orders of € 209.2 Million Up 4.5% vs. Q2-21 and 120.4% vs. Q3-20. Strong YTD-21 Revenue, Orders and Net Income of € 577.6 Million, € 736.5 Million and € 215.3 Million, Respectively DUIVEN, The Netherlands, Oct. 26, 2021 (GLOBE NEWSWIRE) -- BE Semiconductor Industries N.V. (the "Company" or "Besi") (Euronext Amsterdam: BESI; OTC markets: BESIY, Nasdaq International Designation), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter and nine months ended September 30, 2021. Key Highlights Q3-21 Revenue of € 208.3 million declined 7.9% vs. Q2-21 and was in line with prior guidance. Decrease primarily due to lower shipments for mobile applications post H1-21 capacity build and supply chain constraints. Up 92.3% vs. Q3-20 due to increased demand for mobile and automotive applications and higher shipments to Asian subcontractors Orders of € 209.2 million grew 4.5% vs. Q2-21 and 120.4% vs. Q3-20 primarily as a result of increased bookings for hybrid bonding, high performance computing and automotive applications Gross margin of 60.4% declined by 1.7 points vs. Q2-21 principally due to a less favorable product mix. Down 0.4 points vs. Q3-20 primarily due to adverse forex influences Net income of € 84.2 million decreased € 9.3 million (-9.9%) vs. Q2-21 principally as a result of lower revenue and gross margin levels realized. Up € 50.2 million, or 147.6%, vs. Q3-20 Net margin of 40.4% declined slightly vs. the 41.3% achieved in Q2-21 but increased by 9.1 points vs. Q3-20 highlighting the significant operating leverage in Besi's business model Key Highlights YTD-21 Revenue of € 577.6 million rose 78.3% vs. YTD-20 reflecting strong demand across Besi's end-user markets, geographies and customers with particular strength in mobile applications Orders of € 736.5 million grew € 421.7 million, or 134.0%, primarily due to significant growth in each of Besi's principal end-user markets Gross margin reached 60.5%, up 0.4 points vs. YTD-20 principally related to a more favorable product mix and increased labor efficiencies despite adverse forex influences and additional costs to scale Besi's production capacity Net income of € 215.3 million grew € 127.7 million, or 145.8%, vs. YTD-20. Net margin expanded to 37.3% vs. 27.1% in YTD-20 Net cash of € 287.8 million at end of Q3-21 increased by € 129.1 million (+81.3%) vs. Q3-20 Outlook    Q4-21 revenue to decrease approximately 5-15% vs. Q3-21 as new products are introduced, capacity added in 2021 is deployed and typical H2 seasonal trends. Revenue expected to rise 60-80% vs. Q4-20 highlighting ongoing market strength. Gross margin of 59-61% at similar levels as reported in Q3-21. (€ millions, except EPS) Q3-2021 Q2-2021 Δ Q3-2020 Δ YTD-2021 YTD-2020 Δ Revenue 208.3 226.1 -7.9 % 108.3 +92.3 % 577.6 323.9 +78.3 % Orders 209.2 200.2 +4.5 % 94.9 +120.4 % 736.5 314.8 +134.0 % Operating Income 95.4 106.7 -10.6 % 42.0 +127.1 % 250.4 109.2 +129.3 % EBITDA 99.7 110.9 -10.1 % 46.5 +114.4 % 263.1 123.5 +113.0 % Net Income 84.2 93.5 -9.9 % 34.0 +147.6 % 215.3 87.6 +145.8 % EPS (basic) 1.08 1.23 -12.2 % 0.47 +129.8 % 2.84 1.21 +134.7 % EPS (diluted) 1.00 1.12 -10.7 % 0.43 +132.6 % 2.58 1.12 +130.4 % Net Cash & Deposits 287.8 206.7 +39.2 % 158.7 +81.3 % 287.8 158.7 +81.3 % Richard W. Blickman, President and Chief Executive Officer of Besi, commented: "Besi reported strong results for both the third quarter and first nine months of 2021 as we leveraged our leadership position in advanced packaging to expand revenue growth, executed strategic initiatives to drive profitability and refined our business model to take advantage of emerging opportunities in wafer level assembly. For the quarter, revenue of € 208.3 million and net income of € 84.2 million increased by 92.3% and 147.6% versus Q3-20. Results were slightly ahead of the midpoint of guidance despite ongoing supply chain disruptions which constrained the potential number of customer shipments. In addition, we maintained gross margins above 60% and limited operating expense development that aided profitability and resulted in a net margin above 40% for the second consecutive quarter. Q3-21 orders of € 209.2 million trended favorably relative to typical seasonal patterns, increasing by 4.5% sequentially versus Q2-21 and by 120.4% versus Q3-20. In general, order growth reflected continued strong customer demand for advanced packaging applications as customers increased their investment in AI, 5G, data center, vehicle electrification and cloud infrastructure applications. Versus Q2-21, growth was primarily due to follow-on orders for hybrid bonding systems as well as increased demand for high performance computing and automotive applications, continuing trends we saw in Q2-21. Growth for such end-user markets helped offset reduced demand by Asian subcontractors for mobile applications as incremental capacity ordered in the first half year was installed for new product introductions in H2-21. Results for the first nine months were also very strong with revenue and orders reaching € 577.6 million and € 736.5 million, respectively, increases of € 253.7 million (78.3%) and € 421.7 million (134.0%), versus the prior year period. Year to date revenue and order growth resulted from significantly increased demand across all Besi's end-user markets, geographies and customers with a particular focus in the first quarter on high-end mobile applications followed by strength in the second and third quarters for automotive and high performance computing applications. Net income also rose strongly, increasing by € 127.7 million, or 145.8%, versus YTD-20 to reach € 215.3 million due to substantial revenue growth combined with tight controls of overhead and personnel costs. As a result, Besi's net margins expanded to 37.3% in YTD-21 versus 27.1% in YTD-20 highlighting the significant operating leverage in our business model. Our liquidity position continued to grow with cash and deposits and net cash increasing by 15.5% and 39.2%, respectively, versus Q2-21 due to strong cash flow generated from operations post the significant working capital investment required in H1-21. In addition, our capital allocation policy continues to reward investors with total distributions of € 163.7 million in dividends and share repurchases year to date, highlighting our commitment to long-term value creation for shareholders. At present, we are completing a strategic review 2021-2025 with refinements to our organization and management planned for the next phase of Besi's development. As such, we hope to realize the potential of a new generation of.....»»

Category: earningsSource: benzingaOct 26th, 2021

KLA Corp. (KLAC) to Report Q1 Earnings: What"s in Store?

KLA Corp.'s (KLAC) fiscal first-quarter 2022 results are likely to reflect strength in wafer fabrication equipment and gains from increasing customer demand across major product groups. KLA Corporation KLAC is scheduled to report fiscal first-quarter 2022 results on Oct 27.For the fiscal first quarter, the company expects revenues between $1.92 billion and $2.12 billion. The Zacks Consensus Estimate for sales is pegged at $2.02 billion, indicating growth of 31.6% from the year-ago reported value.Further, it anticipates non-GAAP earnings per share in the range of $4.01-$4.89 for fiscal first-quarter 2022. The consensus mark for earnings per share is pegged at $4.45, indicating a 46.9% rise from the previous-year reported figure.It surpassed the Zacks Consensus Estimate in all the trailing four quarters, with the average being 7.94%.KLA Corporation Price and EPS Surprise KLA Corporation price-eps-surprise | KLA Corporation QuoteKey Factors to NoteIncreasing customer demand across each of KLA Corp.’s major product groups is likely to have aided the company’s fiscal first-quarter performance.Solid momentum in wafer fabrication equipment is expected to have continued aiding its performance in the to-be-reported quarter.Growing investments in advanced laser, sensor, optics and data analytics technologies might get reflected in the upcoming quarterly results.Strength in optical pattern wafer inspection is anticipated to have persistently driven the company’s semiconductor process control segment in the quarter under review.Also, increasing investments in the advanced packaging market for boosting the adoption of new technologies might get reflected in the soon-to-be-reported quarterly results.Growing investments in foundry, logic and memory might have contributed well to the semiconductor process control systems business in the quarter under discussion.Further, strength in services due to growing installed base, higher utilization rate and expanding service opportunities in the trailing edge, and the Electronics, Packaging, and Components group is anticipated to have aided its performance in the quarter under review.Yet, uncertainties related to the ongoing coronavirus pandemic might get reflected in the upcoming quarterly results. Also, supply chain challenges are expected to have been concerns for the company.What Our Model SaysOur proven model predicts an earnings beat for KLA Corp. this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.It has an Earnings ESP of +0.41% and a Zacks Rank #3, at present.Other Stocks to ConsiderHere are some other stocks that you may also consider as our model shows that these too have the right combination of elements to beat on earnings this season.Apple AAPL has an Earnings ESP of +5.69% and a Zacks Rank of 3, at present.Clarivate PLC CLVT has an Earnings ESP of +1.59% and a Zacks Rank of 2, at present.Fortive Corporation FTV has an Earnings ESP of +0.15% and a Zacks Rank of 3, at present. You can see the complete list of today’s Zacks #1 Rank stocks here. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Apple Inc. (AAPL): Free Stock Analysis Report KLA Corporation (KLAC): Free Stock Analysis Report Fortive Corporation (FTV): Free Stock Analysis Report Clarivate PLC (CLVT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksOct 22nd, 2021

GlobalFoundries sets IPO terms, and could be valued at over $25 billion

GlobalFoundries Inc. has set terms for its initial public offering, as the New York-based silicon wafer foundry looks to raise up to $1.55 billion. The company said it is offering 33.0 million shares and shareholder Mubadala Investment Co. PJSC is offering 22.0 million shares in the IPO, which is expected to price between $42 and $47 a share. After the IPO, Mubadala will beneficially own 89.4% of the shares outstanding. With 534.69 million shares expected to be outstanding after the IPO, the pricing would value the company at up to $25.13 billion. The stock is expected to list on the Nasdaq under the ticker symbol "GFS." Morgan Stanley, BofA Securities and J.P. Morgan are the lead underwriters. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 11.3%, the PHLX Semiconductor Index has gained 6.1% and the S&P 500 has advanced 5.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news......»»

Category: topSource: marketwatchOct 19th, 2021

5 Solid Stocks to Buy on a Thriving Semiconductor Industry

Growing demand for microchips amid supply crunch has been helping companies like NVIDIA Corporation (NVDA), Semtech Corporation (SMTC) and Texas Instruments (TXN). Several industries have been hit hard owing to the global semiconductor shortage. Even microchip makers are struggling to meet the global demand. However, that has been working miracles for the semiconductor industry, with sales surging every month.According to the Semiconductor Industry Association (SIA), global microchip sales rose both month over month and year over year in August. And with no signs of the shortage easing, sales are likely to be high in the coming months.Semiconductor Sales Rise in AugustThe SIA said on Oct 5 that global semiconductor sales reached $47.2 billion in August, jumping 29.7% year over year from $36.4 billion. Moreover, sales rose 3.3% from July’s total of $45.7 billion.According to SIA, chip shipments have been on the rise and hit record highs in recent months as the industry continued to ramp up production owing to a huge demand for microchips across major industries, including auto, computers and electronic goods.Sales grew across all regions on a year-over-year basis in August, with sales jumping 33.5% in Europe, 30.8% in China, 28.2% in the Asia Pacific, 30.6% in the Americas and 23.8% in Japan. Month over month,sales increased 4.9% in Americas, 3.4% in China, 3.3% in Japan, 2.6% in Asia Pacific/All Other,and 1.5% in Europe.Semiconductor Industry BoomingAfter an outstanding 2020, the dream run for the semiconductor industry has continued this year. While the pandemic took its toll on several industries, the semiconductor industry continued to thrive. As more people worked and learned from home, they invested heavily in electronic items, computers and accessories. This gave a thrust to the demand for microchips, thus helping drive sales.However, the problem now seems to be a different one. While microchip has been soaring on higher demand, industries are now facing supply shortages that are affecting them. The auto industry and computer makers seem to be the biggest sufferers of this shortage.According to IHS Markit, microchip shortage will see a cut in production of vehicles by 700,000 in the third quarter, as carmakers continue to halt production temporarily. According to Bloomberg, this could result in a loss of $61 billion in revenues by the end of this year.Industry executives now believe that this supply crunch could continue into 2022 and even 2023. However, this will only benefit the semiconductor industry. Semiconductor sales came in at $133.6 billion in the second quarter, reflecting an increase of 29.2% year over year and a jump of 8.3% from the first quarter of 2021.Our ChoicesGiven the rising demand for semiconductors and continuing supply crunch, the semiconductor industry is only likely to benefit in the near term. Below are five chip stocks that investors can gain from in the current scenario.Texas Instruments Incorporated TXN is an original equipment manufacturer of analog, mixed-signal and digital-signal processing integrated circuits. The company recently announced that it wouldbe introducing a new TI-84 graphing calculator that will support the programing language Python.The company’s expected earnings growth rate for the current year is 31.7%. Its shares advanced 2.1% in the past 30 days. Texas Instruments carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.NVIDIA Corporation NVDA is the worldwide leader in visual computing technologies and inventor of the graphic processing unit, GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence-based solutions that now support high-performance computing, gaming and virtual reality platforms.The company’s expected earnings growth rate for the current year is 68%. The Zacks Consensus Estimate for current-year earnings improved 5.8% over the past 60 days. Nvidia has a Zacks Rank #2.Analog Devices, Inc. ADI is an original equipment manufacturer of semiconductor devices, specifically analog, mixed-signal and digital signal processing integrated circuits.The company’s expected earnings growth rate for the next year is 30.6%. The Zacks Consensus Estimate for current-year earnings improved 2.2% over the past 60 days. Analog Devices carries a Zacks Rank #2.Semtech Corporation’s SMTC devices are used in a variety of applications including computer, communications, industrial, military-aerospace and automotive. The company also provides a limited amount of wafer foundry services to other electronic component manufacturers.The company’s expected earnings growth rate for the current year is 45.7%. The Zacks Consensus Estimate for current-year earnings has improved 5.8% over the past 60 days. Semtech has a Zacks Rank #1.Vishay Intertechnology, Inc. VSH is a global manufacturer and supplier of semiconductors and passive components. Its products include metal oxide semiconductor field-effect transistors, Diodes and Optoelectronic Components.The company’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 8.3% over the past 60 days. Vishay Intertechnology has a Zacks Rank #2. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI): Free Stock Analysis Report Texas Instruments Incorporated (TXN): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Semtech Corporation (SMTC): Free Stock Analysis Report Vishay Intertechnology, Inc. (VSH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksOct 6th, 2021

Bull of the Day: Qualcomm (QCOM)

5G leader has strong growth ahead, despite missing the mark in an ADAS bidding war Qualcomm QCOM is the $150 billion pioneer in Code Division Multiple Access (CDMA) technology. They've been keeping iPhones great again, and again, for many years.The Apple AAPL and QCOM relationship wasn't always friendly, but they've worked out their differences enough to get to #13.And as the 5G rollout expands capabilities around the globe, QCOM's fortunes have risen. That's why it's back in the upper realms of the Zacks Rank.Beat-and-Raise QuarterFollowing its Q3 report on July 28, analyst confidence in the resurgence of handset chip markets was clear. As global smartphone supply-chain constraints eased, most felt the company was well positioned to benefit from the long-term 5G investment cycle.I'll show you some of the commentary and price target boosts, but first let's look at what revised earnings estimate revisions did to the profit outlook.The fiscal 2021 consensus (ends in September) moved up 5.8% from $7.80 to $8.25 EPS, representing a +97% snapback in growth. And fiscal 2022 was bumped 6.5% from $8.57 to $9.13 EPS.Meanwhile, topline growth is over 40% for this year and is projected to hit $36.5 billion next year, for a 10.5% advance.Analysts Are BullishAt KeyBanc, analyst John Vinh raised the his price target on Qualcomm to $190 from $180, noting that despite concerns regarding licensing weakness in QTL, Qualcomm posted strong results and guidance, which were above expectations as QTL benefited from a favorable mix.And in the QCT segment (QCOM CDMA Technologies are 80% of company revenues), upside was due to stronger than expected RFFE and IoT revenues. Vinh was encouraged to see RFFE, auto, and IoT now represent 40% of QCT, showing the company's increasing diversity. The analyst also liked management's expectations for material improvement in capacity to drive a strong second half of the year outlook.Right after the report on late July, Bank of America and Canaccord Genuity analysts both raised their price targets to $200.Then August 12, Canaccord analyst T. Michael Walkley raised the firm's price target on Qualcomm to $225 from $200. The analyst remains bullish about Qualcomm maintaining strong QCT EBT margins, diversifying revenue growth, and maintaining its strong leadership position.At Baird, analyst Tristan Gerra added Qualcomm to the firm's top large-cap idea list, citing the view that the company is "at the center of the coming Industrial 4.0 revolution" and should benefit from improved wafer availability in the second half of 2021. As of August 11, Gerra had an Outperform rating and $200 price target on QCOM.Some Resistance to New HighsI bought QCOM shares for the Zacks TAZR Trader portfolio in June near $135 because I saw strong value in this pivotal 5G growth resurgence.After the Q3 report, I was definitely looking forward to challenging the old highs above $160. But then Google announced on August 2 that they were dropping QCOM chips for phones and making their own.So I sold half of my position just below $150, because I also thought the Nasdaq looked vulnerable.That was the right move in hindsight, but I certainly didn't expect QCOM to drop all the way back down below $135.So I'm looking to add back to my position as I watch the price action around the latest M&A news from August 5: QCOM tops current bidder for Swedish automotive safety technology firm Veoneer VNE.The Back StoryOn July 23, Canadian auto tech company Magna International MGA announced they had struck a deal to acquire Veoneer, positioning Magna's ADAS (advanced driver assistance systems) business as a global leader in a fast-growing industry.Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position. The transaction is expected to add significant engineering and software expertise, including in sensor perception and handling software.Pursuant to the agreement, Magna would acquire all outstanding shares of Veoneer for $ 31.25 per share in cash, representing a total value of $ 3.8 billion, and an enterprise value of $ 3.3 billion, inclusive of Veoneer’s cash, net of debt and other debt-like items as of March 31, 2021.Well if QCOM management was waiting around for an ADAS company to drop into its lap, they may have waited to long. After they bid $37 per share for VNE -- about $4.6 billion -- and Veoneer brass considered the competing deals for a month, QCOM shares drifted lower, finding some support above $140.Then on September 14, Veoneer made it official that they were sticking with Magna. And QCOM shares fell from $144 to $134 that week.This is a space I'm watching closely, ever since I was an investor in Mobileye shares 5 years ago before Intel acquired the Israeli company for $15 billion. My current favorite small favorite is Luminar Technologies LAZR which specializes in a LIDAR platform being used by Volvo.Bottom line on QCOM: They may have demonstrated some poor M&A skills that aroused investor doubt, but longer-term QCOM is in a great position to lead the 5G revolution and the stock appears a value play among semiconductors given its growth. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Apple Inc. (AAPL): Free Stock Analysis Report Magna International Inc. (MGA): Free Stock Analysis Report Veoneer, Inc. (VNE): Free Stock Analysis Report Luminar Technologies, Inc. (LAZR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 28th, 2021

3 Important Points From IDC Semiconductor Forecast & 4 Picks

There were three encouraging points in IDC???s latest global semiconductor sales forecast for 2021. There were three encouraging points in IDC’s latest global semiconductor sales forecast for 2021.First, the research firm now expects global semiconductor sales to grow 17.3% in 2021, on top of the 10.8% growth in 2020. The end markets driving this strength are mobile phones, notebooks, servers, automotive, smart home, gaming, wearables and Wi-Fi access points.5G is clearly the main driver of semi revenues into the mobile phone market. So that segment is expected to grow 128%, with total mobile semiconductor revenues up 28.5%. And that’s still stronger than X86 server chips, which will see revenue growth of 24.6%. Sales into the notebook market will be up 11.8% while game consoles, smart home, and wearable semis will grow a respective 34%, 20% and 21%. And automotive semiconductor revenues will increase 22.8%.Which brings us to the second important takeaway. IDC expects the shortages in the auto market to be mitigated by year-end. We all know how crazy that has been. That has been a major factor holding back the sector, caught in between soaring demand and depleted inventory.Overall, the firm sees front-end manufacturing beginning to meet consumption (which is healthy despite the COVID scare) in the third quarter as foundries step in to fill gaps, but cautions that back-end constraints and material shortages remain. The market is currently not expected to normalize until the middle of 2022 with the possibility of overcapacity by year-end as new fabs come online. Still, the semiconductor market will grow at a CAGR of 5.3% through 2025, which is a good bit stronger than the typical 3-4% growth historically.And third, semiconductor wafer prices increased in the first half of 2021, with further increases in the cards, driven by increased material cost and opportunity cost at mature processes. So stronger pricing and much higher volumes will generate bigger gains for players.Semiconductor stocks worth buying today are-MaxLinear, Inc MXLMaxLinear is a fabless company that designs products incorporating radio frequency (RF), high-performance analog, mixed-signal, digital signal processing (DSP), security engines, data compression and networking layers, and power management for high-speed communication systems.Its communications systems-on-chip (SoC) solutions are used in broadband (51% revenue share in 2020), mobile and wireline infrastructure (16%), connectivity (15%), and industrial and other multi-market (18%) applications.The company has been taking share and growing its silicon content in the broadband segment, as its customers upgrade their infrastructure to support bandwidth-intensive services and accommodate a swelling subscriber base. Supply constraints are expected to improve in the fourth quarter and management expects continued share gains over the next several years.  Overall, its new product pipeline, design win momentum, strategic agreements, lean channel inventories and strong demand should drive continued strength in bookings and sales.  Analysts are also highly optimistic about this company. They currently expect its earnings to grow 169.3% in 2021 and 16.2% in 2020 on the back of revenue growth of 80.3% and 10.4%, in the two years, respectively.The Zacks Rank #1 (Strong Buy) stock is trading at 19.6X P/E, well below the median value of 30.0X over the past year and the S&P 500’s 21.4X.Semtech Corporation SMTCSemtech is a global supplier of high-performance analog and mixed-signal semiconductors and advanced algorithms. The end applications for its products are in the infrastructure (data centers, passive optical networks, base stations, optical networks, servers, carrier networks, switches and routers, cable modems, wireless local area network and other communication infrastructure equipment), high-end consumer (smartphones, tablets, wearables, desktops, notebooks, and other handheld products, wireless charging, set-top boxes, digital televisions, monitors and displays, digital video recorders and other consumer equipment) and industrial (Internet of Things ("IoT"), analog and digital video broadcast equipment, video-over-IP solutions, automated meter reading, smart grid, wireless charging, military and aerospace, medical, security systems, automotive, industrial and home automation and other industrial equipment) markets.In its 2021 fiscal year ending January, its end market exposure was as follows: Enterprise Computing (31% revenue share), Industrial and Other (26%), High-End Consumer (26%) and Communications (18%).The company is seeing strong momentum in the business with design win momentum, platform strength, growing bookings, and a book-to-bill above 1. Moreover, there is huge demand on the horizon with 5G demand coming out of China as well as buildouts in North America and Europe.A favorable product mix is also driving the gross margin.The Zacks Rank #1 stock is trading at 28.7X P/E, which is not cheap per se but below its median level of 46.0X over the past year. Given its growth prospects (45.7% earnings growth in the current year on revenue growth of 23.6%, followed by 19.5% earnings growth next year on revenue growth of 10.2%) and estimate revision trend, shares are only likely to move higher.Analog Devices, Inc. ADIThe company is an original equipment manufacturer of analog, mixed signal and digital signal processing (DSP) integrated circuits.Its end market exposure is as follows: Industrial applications in instrumentation, defense/aerospace, energy management and healthcare comprises a 53% share; internet infrastructure, broadband and wireless applications making up the communications segment accounts for another 21%; infotainment, electrification, autonomous, ADAS and safety applications in automotive comprise 14% and feature-rich portable devices and prosumer video/audio equipment in consumer accounting for the rest.ADI is seeing strength in consumer, industrial and automotive end-markets and design win momentum. Its acquisition of Maxim will expand its TAM in these markets as well as in communications (5G) while adding to its bottom line this year.The 30.6% earnings growth in its fiscal year ending October is expected to come off revenue growth of 29.9%. Revenue growth is expected to accelerate the following year to 40.6% with earnings growth decelerating to 12.8%.At 24.9X earnings, the shares of this Zacks Rank #2 (Buy) stock are close to its median value of 24.8X over the past year. But given the strong momentum in its business, buying the shares still makes sense.NXP Semiconductors N.V. NXPIThe company offers high performance mixed signal and standard product solutions leveraging RF, analog, power management, interface, security and digital processing technologies for application in the automotive, wireless infrastructure, lighting, industrial, mobile, consumer and computing markets.NXP has significant exposure to the automotive end market, which accounted for 44% of its revenue in 2020 and fairly broad exposure to other markets: Industrial & IoT and Communication Infrastructure & Others generated 21% each of its revenue last year while the mobile end market accounted for 14%.The company is currently expected to grow its revenue by 26.7% this year and 6.9% next year. Earnings are expected to grow 31.3% and 10.5%, respectively, in the two years.The Zacks Rank #2 stock trades at a 19.5X P/E, which is below its median level of 23.5X over the past year as well as the S&P 500’s 21.4X. So valuation supports buying the shares.One-Month Price PerfornanceImage Source: Zacks Investment Research Time to Invest in Legal Marijuana If you’re looking for big gains, there couldn’t be a better time to get in on a young industry primed to skyrocket from $17.7 billion back in 2019 to an expected $73.6 billion by 2027. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could be a still greater bonanza for investors. Even before the latest wave of legalization, Zacks Investment Research has recommended pot stocks that have shot up as high as +285.9%. You’re invited to check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Analog Devices, Inc. (ADI): Free Stock Analysis Report Semtech Corporation (SMTC): Free Stock Analysis Report NXP Semiconductors N.V. (NXPI): Free Stock Analysis Report MaxLinear, Inc (MXL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 24th, 2021

Samsung: Seeking better customer structure and node process breakthroughs

TSMC, Intel and Samsung continue to compete for the leadership in more advanced technologies beyond 7nm node. Samsung has already foretold that it will mass produce for 4nm technology in 2021, with the 3nm process likely to be available in 2023. In the future, Samsung will produce its own chips with its 3nm GAAFTE process. As we all know, Samsung has a lot of contracts from its internal system design center. Only when Samsung wins orders from external customers can there be structural improvements. But many external customers are wary of Samsung's dual role as player and referee which leverages its technology, production capacity and market operations against its customers. Samsung has considered spinning off its wafer foundry business to endorse its credibility, but has not made a move because semiconductor is a highly capital-intensive industry. TSMC has announced that between 2021 and 2023 it will invest US$100 billion or an annual capital expenditure of US$30 billion for capacity expansions. The budget is more than double Samsung's sales from wafer foundry business. A spun-off Samsung foundry business wouldn't be able to afford such big investments all on its own, and would face enormous challenges trying to make profits......»»

Category: topSource: digitimesSep 24th, 2021

Top 5 High-Flying Stocks That Have Survived September Mayhem

We have narrowed down our search to five large-cap stocks that have gained nearly 5% or more than 5% month to date. These are: AVTR, PWR, ON, KLAC, and MRNA. September – historically the worst-performing month on Wall Street – is likely to maintain its trend this year too. The broad-market rally has stopped completely this month, with just seven days of trading left.The three major stock indexes — the Dow, the S&P 500, and the Nasdaq Composite — have tumbled 4.1%, 3.7%, and 3.4%, respectively. The small-cap-centric Russell 2000 is down 3.9%. The U.S. stock markets are currently suffering from several near-term concerns.Fed’s FOMC MeetingThe two-day FOMC meeting of the Federal Reserve started on Sep 21. The outcome of this meeting will impact financial markets immensely. At present, economists and financial researchers are divided whether the central bank will give any definite sign, if not the timeline, related to the tapering of its existing $120 billion per month bond-buy program.After its last FOMC meeting in June, Fed chairman Jerome Powell gave a signal that the Fed may start tapering this year although he maintained an extremely cautious view.However, the rapid spread of the Delta variant of coronavirus and a possible slowdown of U.S. economic growth, highly disappointing job additions in August, and a marginal decline in inflation rates in the last couple of months have compelled many experts to believe that the Fed may restrain itself from shifting from its ongoing ultra-dovish monetary policies.Evergrande CrisisGlobal stock markets including the U.S. stock markets fell sharply on Sep 20 following the news that a large China-based property developer, the China Evergrande Group, is in possible bankruptcy. The company faced a debt payment on its offshore bonds last week and said that it is suffering from unprecedented difficulties. It has more than $300 billion of offshore bonds.U.S. markets continued to suffer on Sep 21 due to the news as a section of investors believe that the default on debt servicing may have a rippling effect on the global financial sector. Moreover, a recession in the Chinese property development market will significantly reduce demand for metal and industrial products.Government Debt Ceiling in FocusOn Sep 21, the House of Representatives passed a bill in majority voting that will prevent a government shutdown and suspend the debt limit to prevent an economic disaster. However, the Republicans have threatened to block the bill in Senate.The Congress needs to pass a funding plan by Sep 30 to prevent a government shutdown. The clearance of the bill in the House will enable the government to run up to Dec 3 and suspend the debt ceiling till December 2022.Spread of the Delta VariantThe spread of the Delta variant remains a threat to the robust U.S. economic recovery. Some recently released economic data has shown that the Delta variant has taken a toll on the economy and it may get worse in the upcoming winter months. Investors remain concerned although the infection rate has dropped marginally this month.Not All Stocks Have Suffered This MonthDespite several immediate concerns and the historical downtrend of September, a number of stocks have popped this month. Among those winners, there are a handful of large-cap (market capital > $15 billion) stocks with a favorable Zacks Rank. Large-cap stocks generally have a solid business foothold. Investment in these stocks may be fruitful going forward.Our Top PicksWe have narrowed down our search to five large-cap stocks that have gained nearly 5% or more than 5% month to date. These stocks have strong growth potential for the rest of 2021 and have seen positive earnings estimate revisions in the past 60 days. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.The chart below shows the price performance of our five picks in the past month.Image Source: Zacks Investment ResearchModerna Inc. MRNA is a biotechnology company, which develops therapeutics and vaccines based on messenger RNA for the treatment of infectious diseases, immuno-oncology, rare diseases, cardiovascular diseases, and auto-immune diseases.The company’s COVID-19 vaccine demonstrated strong uptake in multiple countries where it received authorization for temporary use in the past few months. It expects more than $19 billion in vaccine sales in 2021. Advance purchase agreements with several countries worth $20 billion in aggregate for 2022 are already in place.This Zacks Rank #2 company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the past 30 days. The stock price has jumped 15.2% month to date.Quanta Services Inc. PWR is a leading national provider of specialty contracting services, and one of the largest contractors serving the transmission and distribution sector of the North American electric utility industry.The company expects utility, communications certain pipeline and industrial infrastructure services — which currently account for approximately 80-90% of revenues — to remain robust in 2021. Quanta Services’ optimism stems from healthy backlog levels which are expected to grow further. Also, rising renewable energy generation and associated demand bode well for the company.This Zacks Rank #2 company has an expected earnings growth rate of 19.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 0.4% over the past 30 days. The stock price has climbed 12.5% month to date.Avantor Inc. AVTR provides products and services to customers in biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa.The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, and clinical trial kits.This Zacks Rank #1 company has an expected earnings growth rate of 51.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 7.1% over the past 60 days. The stock price has appreciated 8.6% month to date.ON Semiconductor Corp. ON is seeing strengthening demand across most end markets as evident from its booking trends over the last few quarters. It has a well-diversified business generating a significant percentage of revenues from each of the computing, consumer, industrial, communications, and automotive end markets.ON Semiconductor continues to gain traction among electric vehicle manufacturers. It witnessed a solid demand environment in the second quarter, particularly for its power and sensing products, which it expects will continue in the near term.This Zacks Rank #2 company has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for its current-year earnings has improved 0.4% over the past 30 days. The stock price has advanced 7.5% month to date.KLA-Tencor Corp. KLAC designs, manufactures, and markets process control and yield-management solutions for the semiconductor and related nano-electronics industries worldwide. KLA is benefiting from solid momentum across the process control market. Moreover, growing Foundry and Logic investments remain major positives.Its transition to advanced nodes and the insertion of EUV lithography are expected to drive growth in the near future. Enhanced wafer cleanliness and geometry specifications in the bare wafer market are driving demand for the company’s wafer products. Additionally, the Services business is likely to grow, driven by expanding installed base and higher utilization rates. High exposure to 5G infrastructure and the smartphone market is another positive.This Zacks Rank #2 company has an expected earnings growth rate of 32.7% for the current year. The Zacks Consensus Estimate for its current-year earnings has improved 12.5% over the past 60 days. The stock price has risen 4.9% month to date. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quanta Services, Inc. (PWR): Free Stock Analysis Report KLA Corporation (KLAC): Free Stock Analysis Report Moderna, Inc. (MRNA): Free Stock Analysis Report ON Semiconductor Corporation (ON): Free Stock Analysis Report Avantor, Inc. (AVTR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksSep 22nd, 2021

Intel may face challenges in providing foundry services

Intel has advanced chip manufacturing technologies, but it may still experience challenges in its bid to provide wafer foundry services to third-party companies, according to sources from the semiconductor industry......»»

Category: topSource: digitimesApr 30th, 2021

TSMC could set up advanced wafer fab in Europe, DigiTimes reports

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 18th, 2021

Highlights of the day: TSMC to faces challenges from political pressure

Following the setup of an advanced wafer fab in the US because of the US government's pressure, TSMC is now facing pressure from g.....»»

Category: topSource: digitimesFeb 12th, 2021

China fab toolmaker ACM enhances offering for local demand

China-based ACM Research, a supplier of advanced wafer-level packaging equipment and other fab tools, has been expanding its product portfolio to satisfy the growing needs of China's local chipmakers and device vendors......»»

Category: topSource: digitimesMay 15th, 2020