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Increased adoption of connectivity and applications within cars could be beneficial to the companies that supply the underlying technology and components.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Cree's (CREE) fourth-quarter fiscal 2019 results are likely to benefit from ongoing momentum in Wolfspeed business amid Huawei blacklisting and other macroeconomic headwinds.
Robust balance sheet and streamlined business allow Group 1 Automotive (GPI) to put increased focus on shareholder-value enhancing capital allocation strategies.
Ford (F) recalls more than 108,000 of its 2015 Fusions and 2015 Lincoln MKZ vehicles due to an issue with seat belt anchor pretensioners.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Daseke, Inc. (NASDAQ: DSKE) announced today, August 15, 2019, that its founder, Chairman of the Board and Chief Executive Officer Don Daseke will retire effective immediately. The largest flatbed, specialized transportation and logistics company in North America announced that current Chief Operating Officer Chris Easter will act as the interim Chief Executive Officer. Easter has been Daseke's COO since January.
The move to stop auto production in Argentina from 2020 by Honda (HMC) is part of its plan of reorganizing automobile production around the globe.
Readers hoping to buy Microchip Technology Incorporated (NASDAQ:MCHP) for its dividend will need to make their move...
Investing is all about returns, and investors want to see their money work. The tech sector has long been known for spectacular return on investment (ROI) among the giant corporations. Just think about Amazon’s (AMZN) sky-high share price, or Microsoft’s (MSFT) trillion-dollar market cap – but the average tech stocks have shown themselves to be vulnerable to market pressures, especially from China. In today’s environment, with US-China trade tensions continuing to simmer and fears growing of a Chinese crackdown in Hong Kong, it only makes sense to expect tech stocks to suffer.But not all of them are. Here, we’ll look at two chip stocks that have been delivering for their shareholders, and have what it takes to succeed in these dynamic times. Flagging Microchip Technologies for a Bullish BreakoutThe semiconductor industry is broad, and Microchip Technologies (MCHP) has found its niche within it. The company focuses on integrated circuits, microcontrollers, and related processor chips for professional and home uses. MCHP’s products have a wide range of applications, from IoT to touchscreen technology to home appliances to the automotive, aerospace, and defense industries. It just goes to show that a narrowly focused product can have broader applications.And broader applications are good for profits. MCHP is up 25% year-to-date, beating the S&P 500’s 16% return, and in its recent fiscal Q1 earnings report beat the EPS estimate by 12.8%, on revenues that met expectations. In an added bonus for investors, MCHP has a history of regular dividend payments at 36 cents per share quarterly. While a modest payout, it’s a bit of icing on top of that year-to-date share appreciation.Wall Street’s top analysts are taking note of MCHP, acknowledging the company’s profitable niche and potential. 5-star Needham analyst Rajvindra Gill, who in January downgraded the stock, has since revised his stance and set it as a buying prospect. His $100 price target suggests an upside of 15% to the shares. (To watch Gill's track record, click here)Gill is not alone going bullish on Microchip. 5-star analyst Hans Mosesmann of Rosenblatt, wrote, “We reiterate our Buy rating for MCHP with a $115 price target…” That price target indicates a 32% upside. And writing from B. 4-star Riley FBR, Craig Ellis said, “Q/Q revenue growth midpoint, coupled with CEO Sanghi’s positive tone, embolden confidence growth is returning for chip suppliers…” Ellis set a bullish $120 price target, suggesting he sees room for a 38% upside potential.Overall, Microchip has a Strong Buy from the analyst consensus, based on 8 recent ratings including 7 buys and 1 hold. The average price target, $109, suggests an upside of 25% from the current share price of $90. (See MCHP's price targets and analyst ratings on TipRanks) Broadcom Stock Has 25% Upside, Says Merrill Lynch Broadcom (AVGO) Stock is up 9% so far this year, which underperforms the broader market indexes, but for return-minded investors AVGO’s dividend more than compensates the slower share gains. At 3.74%, the yield is double the S&P 500 average, and the high share price makes the payout $10.60 cents per share annualized.5-star Merrill Lynch analyst Vivek Arya took note of Broadcom’s recent acquisition efforts, specifically the company’s attempt to purchase cybersecurity company Symantec (SYMC). Arya writes, “In July, there were media reports of Broadcom being in talks to buy Symantec as a whole. The latest deal is reportedly for Symantec’s enterprise security business, which is a better fit for Broadcom than acquiring the entire company.” Arya goes on to note that Broadcom has a successful history of M&A, saying “the strategy has proved to be extremely effective in consistently generating free cash flow.” Arya’s approval of AVGO stock is reflected in $345 price target and 27% upside prediction on the stock. (To watch Arya's track record, click here)5-star analyst Mitch Steves, writing from RBC Capital, also takes a bullish stance on AVGO. In initiating coverage with a Buy rating last month, Steves said, “The stock offers potential for multiple expansion given the company's long-term earnings growth well into double digits and a healthy capital allocation.” Steves’ price target for Broadcom, $320, suggests a 18% upside.Broadcom’s analyst consensus rating is a Strong Buy, derived from 23 buy ratings and 7 holds given in the past three months. Shares are selling for $277 and the stock carries an average price target of $313, giving it an upside potential of 15%. (See AVGO's price targets and analyst ratings on TipRanks)
Analog Devices (ADI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Superior Industries (SUP) is undertaking different strategies to reduce costs and strengthen global competitive position. However, softer industry production level leads to a decline in its wheel unit.
Westport HPDI 2.0, which offers an environment-friendly robust performance of trucks, aids Westport Fuel (WPRT) to raise its share in the heavy-duty market.
Today we are going to look at Delphi Technologies PLC (NYSE:DLPH) to see whether it might be an attractive investment...
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
In second-quarter 2019, Cooper-Standard's (CPS) sales decline due to unfavorable volume, foreign exchange and sale of Anti-Vibration Systems. Also, rising commodity costs pose a threat.
Higher manufacturing costs resulting from tariffs, material freight and inflationary pressures, and program launch costs affect American Axle's (AXL) financials.