Has the semiconductor sector hit its low for 2019?

semiconductor
From Puja Tayal:

Semi stocks hit the bottom in December 2018

NYSE:SMH June 18, 2019 7:15pm

Semiconductor stocks fall amid worsening US-China trade tension

From Fred Imbert: Stocks fell on Friday after a sharp decline in Broadcom shares put other chipmakers and the broader tech sector under pressure.
NYSE:SMH June 14, 2019 4:49pm

Why does this analyst believe the recent weakness in semiconductor stocks won’t last?

From Lizzy Gurdus: This semi slump will be short-lived, according to one market watcher.
NYSE:SMH June 13, 2019 3:41pm

Why this analyst believes semiconductor stocks will continue to fall

From Patti Domm:
KEY POINTS
NYSE:SMH June 12, 2019 2:52pm

Which semiconductor stocks are Buys at these reduced prices?

From Timothy Smith:
NYSE:SMH May 29, 2019 6:46pm

The semiconductor sector is down 12% in May, is it ready to rebound?

ETF
From Lizzy Gurdus: The chip carnage on Wall Street isn't stopping one trader.
NYSE:SMH May 22, 2019 3:49pm

The semiconductor sector plummets on news of government restrictions concerning Huawei

plunge
From Yun Li:
KEY POINTS
  • Shares of chip suppliers are under pressure following the Trump administration's restrictions on doing business with Huawei.
  • Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, Broadcomm and Intel, reportedly told employees they will not sell to the Chinese firm until further notice.
  • U.S. chip suppliers are losing a big customer as Huawei purchases $20 billion of semiconductors each year, according to an Evercore estimate.
A sell-off in chip stocks intensified Monday following a report that semiconductor makers are cutting ties with Huawei following restrictions imposed by President Donald Trump's administration.
The U.S. Commerce Department last week blacklisted Huawei and effectively halted its ability to buy American-made parts and components. In wake of the restrictions, Google has suspended business activity with the Chinese giant. Other Huawei suppliers, including Qualcomm, BroadcomIntel and Xilinx, told employees they will not sell to the Chinese firm until further notice, according to Bloomberg News.
U.S. chip suppliers are losing a big customer as Huawei, the world's largest provider of telecom equipment, purchases $20 billion of semiconductors each year, according to an Evercore estimate.
Shares of Xilinx tumbled nearly 5% on Monday, while Qualcomm stock dropped nearly 5%. Shares of Analog Devices, Broadcom, Advanced Micro Devices are all under pressure following the Huawei ban. The VanEck Vectors Semiconductor ETF are down more than 3% on Monday, almost 15% below its intraday all-time high. All but one component of the ETF is correction levels or worse as of Monday and almost half the 25 stocks is in bear market levels. "Let's be clear - we are talking tens of billions of dollars impact," said C.J. Muse, senior equity research analyst at Evercore, in a note on Saturday. "Loss of this business would slow down investments by U.S. chipmakers, thereby reducing the competitiveness of the U.S. semiconductor industry - and that is a national security issue that the U.S. government needs to consider as well." U.S. restrictions could particularly hurt companies that have meaningful revenue exposure to 5G and the Chinese market, according to RBC analyst Mitch Steves. Analog Devices has 12.5% of revenue exposure to 5G, while Skyworks SolutionsQorvo, Broadcom, Qualcomm and Xilinx are all relying on the growth from 5G infrastructure, Steves said. Advanced Micro Devices and Nvidia are the two companies responsible for high-end data center computing, the analyst said. "We view the Huawei and China/US relationship as a negative overhang on the semiconductor space and a lift of either would likely send the semiconductor industry materially higher (5-10% in our view)," Steves said in a note on Sunday. The administration's move to cut off Huawei's access to U.S. technology followed its tariff hike on $200 billion worth of Chinese goods earlier this month, which sent the semiconductor sector into a downward spiral. "This decision was likely a negotiation tactic by the Trump administration to bring China back to the table," Evercore's Muse said. "The clear risk here is that while President Trump believes he has achieved leverage in the negotiations, we may have pushed China past the precipice and that the current technology cold war gets engrained and accelerates." -- CNBC's Michael Bloom contributed to this report.

The VanEck Vectors Semiconductor ETF (SMH) was trading at $102.23 per share on Monday afternoon, down $3.20 (-3.04%). Year-to-date, SMH has gained 4.52%, versus a 7.08% rise in the benchmark S&P 500 index during the same period. SMH currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #16 of 81 ETFs in the Technology Equities ETFs category.
This article is brought to you courtesy of CNBC.
NYSE:SMH May 20, 2019 1:10pm

The semiconductor sector is on pace to have worst week in 3 years

From Ryan Vlastelica:

Semiconductor stocks are on track for their biggest weekly percentage loss in more than three years as a weak growth outlook from Intel Corp. further pressured a sector already rattled by a resurgence of trade uncertainty.

NYSE:SMH May 9, 2019 2:51pm

Oppenheimer says the semiconductor sector could see a huge surge higher in 2019

From Keris Lahiff : Semis stocks are slumping for a second day in a row, but one technical analyst sees a big reason to buy the dip in chips.
NYSE:SMH May 7, 2019 2:15pm

The semiconductor sector soars 5% in just the past 4 days

semiconductor stocks
From Keris Lahiff: Semis are on fire.
NYSE:SMH April 18, 2019 6:00pm

The semiconductor sector is gaining on hopes of a trade deal with China

semiconductor stocks
From Patti Domm:
NYSE:SMH April 9, 2019 9:00pm

Crude oil prices remain steady, hover at 5-month highs

oil pump
From Reuters:
  • Oil prices are underpinned by tightening global supplies and signs of demand picking up.
NYSE:USO April 4, 2019 11:48am

5 Top Semiconductor Equities to Consider Buying This Year

semiconductor stocks
From Zacks Equity Research: Robust demand for memory chips and other semiconductor products, on account of rapid adoption of cloud computing, AI, Internet of Things (IoT), autonomous cars, advanced driver assisted systems (ADAS), gaming, wearables, drones and virtual reality/augmented reality ("VR/AR") devices, is fueling massive growth in the semiconductor space.
NYSE:SMH

Investors remain cautious about the semiconductor sector

semiconductor stocks
From Radhika Pujara : As we conclude first-quarter 2019, most of the discussions are centered on the near-term cloudy outlook for the semiconductor space and performance of the chip-makers.
NYSE:SMH April 1, 2019 1:39pm

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