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ON Semiconductor Corporation stock price
ON Semiconductor Corporation latest news:
Nikkei falls as drops in chip-related stocks, financials weigh
TOKYO, Nov 20 (Reuters) - Japan's Nikkei share average fell
on Monday amid losses on Wall Street and a stronger yen, while
semiconductor equipment manufacturers and financial stocks
Dialog CEO says too early to assess potential iPhone boost
BARCELONA, Nov 15 (Reuters) - Anglo-German chipmaker Dialog
Semiconductor is poised for stronger growth in 2018
but its chief executive said it was too early to forecast how
its main customer - widely known to be Apple - will
contribute to results.
Qualcomm board unanimously reject Broadcom's $70-a-share cash and stock offer
Qualcomm Inc. said Monday its board has unanimously rejected the unsolicited bid from Broadcom Ltd. made last week, saying it "significantly undervalues" Qualcomm relative to its leading position in mobile technology and growth outlook. Broadcom last Monday made an offer to buy Qualcomm in a cash and stock deal valued at $130 billion, including debt. Under terms of the bid, Broadcom would pay $70 a share per each Qualcomm share outstanding, consisting of $60 a share in cash and $10 a share in Broadcom stock. "No company is better positioned in mobile, IoT, automotive, edge computing and networking within the semiconductor industry," Qualcomm Chief Executive Steve Mollenkopf said in a statement. "We are confident in our ability to create significant additional value for our stockholders as we continue our growth in these attractive segments and lead the transition to 5G." Qualcomm shares rose 0.8% premarket on the news, while Broadcom shares fell 0.7%. 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.
Nvidia stock options traders brace for some post-earnings volatility
Traders of Nvidia Corp.'s stock options are anticipating a little more than average volatility in the stock after the graphics chip maker reports fiscal third-quarter results Thursday, after the closing bell. An options strategy known as a "straddle," which involves the simultaneous buying of bullish call and bearish put options at the same price, is pricing in a one-day post-earnings move of 7.5% in either direction on Friday. That compares with an average move of 7.3% over the past eight years. Over the past 32 quarters, the stock rose the day after earnings 20 times and fell 12 times. The average move for the stock on an up day was 8.8% while the average decline has been 4.8%, according to an analysis of FactSet data and SEC filings. The day after rival Advanced Micro Devices Inc. reported third-quarter results, after the Oct. 24 close, its stock had tumbled 13.5%. On Tuesday, Nvidia's stock was up 1.1% in afternoon trade. It has run up 23% over the past three months, while the PHLX Semiconductor Index has climbed 20% and the S&P 500 has gained 4.3%.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.
ON Semiconductor's (ON) Q3 Earnings Up Y/Y, Revenues Beat
ON Semiconductor Corporation ON reported third quarter 2017 GAAP earnings of 25 cents per share much higher than the year ago earnings of 2 cents per share Earnings increased 14 sequentially The Zacks Consensus Estimate was pegged at 40 cents per share The company reported non
China-backed buyout fund founder charged in U.S. insider trading case
SAN FRANCISCO (Reuters) - The founder of a private equity firm with Chinese state backing has been charged with insider trading related to the attempted acquisition of Lattice Semiconductor Corp , U.S. authorities said on Monday.
Nvidia's stock hits another record high after analyst boosts price target
Shares of Nvidia Corp. rose 0.4% in morning trade Monday, and reached an all-time intraday high earlier in the session, after Mizuho raised its price target, citing strength in its GPU business and trends in the China data center market. Analyst Vijay Rakesh affirmed his buy rating, and boosted his price target to $220, which is 12% above Monday's intraday high of $195.80. Rakesh said pricing for graphics processing units has been trending higher in recent months, given strong demand from the gaming and cryptocurrency markets, which should provide a tailwind for results. He said recent business deal wins in China should provide another tailwind, as should growing demand from the self-driving market. The stock has nearly tripled over the past 12 months, while the PHLX Semiconductor Index has climbed 51% and the S&P 500 has rallied 20%.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.
BRIEF-Fujitsu Semiconductor and ON Semiconductor announce increased strategic partnership
* Fujitsu Semiconductor and ON Semiconductor announce
increased strategic partnership
Micron's stock rises to 16-year high on heavy volume after upbeat analyst note
Micron Technology Inc.'s stock ran up to a 16-year high on heavy volume Monday, after KeyBanc Capital gave an upbeat outlook for memory chip pricing. The stock rose as much as 2.6% intraday to an intraday high of $40.37, which was the highest price seen since Aug. 28, 2001, before paring some gains to be up 0.9%. Trading volume hit 30 million shares just after noon ET, enough to make the stock the day's most-actively traded on the major U.S. exchanges. KeyBanc analyst Weston Twigg said said he believes dynamic random-access memory (DRAM) contract pricing should continue to increase through the end of the year. "We view this trend as relatively positive for Micron," as DRAM accounts for around two-thirds of Micron's revenue. The stock has now shot up 16% since the company reported better-than-expected fiscal fourth-quarter profits and sales. It has soared 33% over the past three months, while the PHLX Semiconductor Index has climbed 13% and the S&P 500 has gained 4.2%.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.
Tech stocks on pace for worst daily decline in 5 weeks as Apple shares stumble
A popular way to bet on the fortunes of the technology sector on Monday was on track for its steepest one-day drop since mid-August. The Technology Select Sector SPDR ETF was 1.2% lower in late-morning trade, underlined by sharp drops in shares of chip manufacturers Advanced Micro Devices Inc. , Micron Technology , and Nvidia Corp. shares . The tech ETF was on pace for its worst daily drop since Aug. 17, when it tumbled nearly 2%, according to FactSet data. A separate fund representing the semiconductor sector, including Nvidia and AMD, was also down sharply and looking at its worst session drop since mid August. The iShares PHLX Semiconductor ETF was down 1.7% on Monday, most recently. The broader market was also under pressure led by the slide in the tech sector. The S&P 500 index was down 0.4% at 2,492, while the Dow Jones Industrial Average was off 0.4%, pressured by a decline in Apple Inc.'s stock . Apple's shares also weighed on the tech-heavy Nasdaq Composite Index , which was trading 1% lower at 6,362. Apple is the largest component in the tech ETF. 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.
AMD's stock surges on heavy volume after report Tesla was working with the chipmaker
Shares of Advanced Micro Devices Inc. surged 1.3% on heavy volume in premarket trade Thursday, after a report that Tesla Inc. was working with the chipmaker on Tesla's Autopilot driver-assistance system, in an effort to reduce the reliance on Nvidia Corp. . Trading volume topped 6.4 million shares in recent trade, enough to make the stock the most actively. The stock was on track to open at the highest level seen during regular session hours since Aug. 2. Nvidia's stock slumped 1.8% ahead of the open. CNBC reported late Wednesday, citing a source familiar with the matter, that more than 50 people are working under Jim Keller, the head of Autopilot, and Tesla has brought on several former AMD employees to work on the project. AMD's stock has lost 1.7% over the past three months through Wednesday, while Nvidia shares have soared 16.5%, the PHLX Semiconductor Index has climbed 5.6% and the S&P 500 has gained 3.0%.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.
Toshiba to sell chip unit to Bain Capital-led group for $18 billion
TOKYO (Reuters) - Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.
Applied Materials' stock rallies after RBC raises rating, price target
Shares of Applied Materials Inc. rallied 1.4% in premarket trade Monday, after the chip equipment company was upgraded at RBC Capital, which was upbeat about the company's wafer front end (WFE) business. Analyst Amit Daryanani raised the rating to outperform from sector perform and boosted the price target to $55 from $48. Daryanani said that with about 34% of revenue coming from display and services, Applied Materials is better positioned to deal with WFE cyclicality compared with its peers. "While we understand cyclical concerns, we think current WFE levels are sustainable for a longer time frame" given a material shift in capital intensity, which should allow the company to guide fiscal 2020 earnings per share to above $4.00 at the analyst day scheduled for Sept. 27. The stock has run up 9.4% over the past three months through Friday, while the PHLX Semiconductor Index has climbed 7.4% and the S&P 500 has gained 2.8%.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.
Semiconductor stocks rise, on track for best week since July
Semiconductor stocks rallied on Friday, with the sector climbing in its fifth straight daily advance and on track for its best week since July. The iShares PHLX Semiconductor ETF added 1.7% to $155.50, putting it on track for a record close and within points of an intraday record hit in June. Thus far this year, the fund is up nearly 27%, with 4.6% of that coming this week. Among the fund's components, all but one were in positive territory on Friday, with Nvidia Corp. the biggest percentage gainer, up 5.2% after Evercore ISI raised its price target on the company to $250 from $180. Among others, ON Semiconductor Corp rose 3.1% while Advanced Micro Devices was up 2.9%.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.
UPDATE 6-Trump bars Chinese-backed firm from buying U.S. chipmaker Lattice
Sept 13 (Reuters) - U.S. President Donald Trump blocked a
Chinese-backed private equity firm from buying a U.S.-based
chipmaker on Wednesday, sending a clear signal to Beijing that
Washington will oppose takeover deals that involve technologies
with potential military applications.
Canyon Bridge Capital Partners' planned $1.3 billion
acquisition of Lattice Semiconductor Corp was one of
the largest attempted by a Chinese-backed firm in the U.S.
microchip sector and was the first announced deal fo
UPDATE 2-Trump bars Chinese firm from buying U.S. chipmaker Lattice
Sept 13 (Reuters) - U.S. President Donald Trump blocked a
Chinese-backed private equity firm from buying a U.S. chipmaker
on Wednesday, sending a clear signal to Beijing that Washington
will oppose deals that involve technologies with potential
Canyon Bridge Capital Partners’ planned $1.3-billion
acquisition of Lattice Semiconductor Corp was one of
the largest attempted by a Chinese-backed firm in the U.S. chip
sector and was the first announced deal for the Palo Alto-base
CFIUS blocks sale of Lattice Semiconductor to Canyon Bridge Fund
The Committee on Foreign Investment in the United States blocked the sale of Lattice Semiconductor to a group of Chinese investment funds. Canyon Bridge had agreed to buy Lattice for $1.3 billion. "The national security risk posed by the transaction relates to, among other things, the potential transfer of intellectual property to the foreign acquirer, the Chinese government's role in supporting this transaction, the importance of semiconductor supply chain integrity to the U.S. government, and the use of Lattice products by the U.S. government," the statement says. 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.
Chip maker stocks drop sharply, drag on broader tech sector
Semiconductor makers weighed heavily on the tech sector Monday, which in turn helped drag down the broader stock market, with those losses accelerating around mid-session. The PHLX Semiconductor Index fell 2.1% to 1,096, as shares of Qualcomm Inc. fell 3.9% and shares of Nvidia Corp. dropped 3.5%. Advanced Micro Devices Inc. shares declined 3.6%, Micron Technology Inc. shares shed 2.7%, Applied Materials Inc. fell 2.5%, Analog Devices Inc. shares fell 2.7%, Xilinx Inc. shares declined 2.6%, Broadcom Ltd. shares slid 2.1%, and Texas Instruments Inc. shares fell 1.5%. Shares of Intel Corp. , however, were only down 0.4%. As the S&P 500 index fell 1.2%, tech was the index's second worst performing sector, down 1.6%. The tech-heavy Nasdaq Composite Index fell 1.5%.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.
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