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Amkor Tech

Amkor Technology Inc is a provider of outsourced semiconductor packaging and test services to integrated device manufacturers, fabless semiconductor companies, and contract foundries. The firm's products are organized into two categories namely advanced products that include flip chip, fine pitch bumping, wafer-level processing, advanced SiPs, power modules, and others, and Mainstream products that includes wirebond packaging and testing. The company derives maximum revenue from the advanced products category. The company derives majority of its revenue from Foreign states.

Amkor Technology

Amkor Technology Inc

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Shares of semiconductor companies are trading lower amid AI competition concerns from China's DeepSeek AI model.

Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>), a leading provider of semiconductor packaging and test services, announced today that its Board of Directors has approved a 5% increase in the company's quarterly cash dividend, from $0.07875 per share to $0.08269 per share, on the company's common stock. The Board has also approved the payment of an approximately $100 million special cash dividend, or $0.40546 per share, on the company's common stock. Both dividends will be payable on December 23, 2024, to stockholders of record as of the close of business on December 4, 2024.

News

Dividends

Amkor Technology Approves The Payment Of An ~$100M Special Cash Dividend, Or $0.40546 Per Share, On The Company's Common Stock

Amkor Technology Increases Quarterly Dividend From $0.07875 To $0.08269 Per Share

Amkor Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NYSE">AMKR</a>) short percent of float has risen 5.75% since its last report. The company recently reported that it has 3.97 million shares sold short, which is 3.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.37 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Amkor Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730394015_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Amkor Tech has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Amkor Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Amkor Tech's peer group average for short interest as a percentage of float is 6.97%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Amkor Tech's Recent Short Interest

DA Davidson analyst Thomas Diffely maintains Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Buy and lowers the price target from $40 to $36.

Price Target

Analyst Ratings

DA Davidson Maintains Buy on Amkor Tech, Lowers Price Target to $36

Goldman Sachs analyst Toshiya Hari maintains Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Neutral and lowers the price target from $36 to $32.

Goldman Sachs Maintains Neutral on Amkor Tech, Lowers Price Target to $32

JP Morgan analyst Peter Peng maintains Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Overweight and lowers the price target from $48 to $42.

JP Morgan Maintains Overweight on Amkor Tech, Lowers Price Target to $42

Analysts' ratings for Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Amkor Tech, revealing an average target of $33.0, a high estimate of $38.00, and a low estimate of $26.00. This current average has decreased by 16.09% from the previous average price target of $39.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1730214083_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Amkor Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$34.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$26.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$34.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Steve Barger</td>
<td>Keybanc</td>
<td>Announces</td>
<td>Overweight</td>
<td>$38.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Amkor Tech. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Amkor Tech compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Amkor Tech's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Amkor Tech's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AMKR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Amkor Tech analyst ratings.</a>
<h2>Delving into Amkor Tech's Background</h2>
Amkor Technology Inc is a provider of outsourced semiconductor packaging and test services to integrated device manufacturers, fabless semiconductor companies, and contract foundries. The firm's products are organized into two categories namely advanced products that include flip chip, fine pitch bumping, wafer-level processing, advanced SiPs, power modules, and others, and Mainstream products that includes wirebond packaging and testing. The company derives maximum revenue from the advanced products category. The company derives majority of its revenue from Foreign states.
<h3>Unraveling the Financial Story of Amkor Tech</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Amkor Tech's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.24% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Amkor Tech's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.58%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Amkor Tech's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 1.66%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Amkor Tech's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.99%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.31, Amkor Tech adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Amkor Tech Analyst Ratings

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) fell in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/10/41588309/transmedics-group-stock-sinks-on-q3-earnings-the-details">downbeat quarterly results</a>.
TransMedics reported quarterly earnings of 12 cents per share which missed the analyst consensus estimate of 30 cents per share. The company reported quarterly sales of $108.76 million which missed the analyst consensus estimate of $115.00 million.
TransMedics Group shares dipped 25.8% to $93.69 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares dipped 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.4% to $8.59 in pre-market trading after the company reported worse-than-expected third-quarter financial results and cut annual outlook.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares fell 15.8% to $12.48 in pre-market trading after reporting third-quarter results</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Janus International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBI#NYSE">JBI</a>) fell 10.3% to $9.25 in pre-market trading after the company posted downbeat third-quarter results and lowered its sales forecast.</li>
<li>Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) shares fell 10.3% to $123.80 in pre-market trading following third-quarter results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) dipped 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) shares fell 8% to $165.87 in pre-market trading after the company reported worse-than-expected fourth-quarter EPS and sales.</li>
<li>Check Point Software Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) fell 6% to $195.40 in pre-market trading following weak quarterly sales.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41592226/dow-surges-over-250-points-ahead-of-alphabet-pfizer-earnings-investor-sentiment-improves-fear-index">Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

CHKP

CROX

HLIT

TMDX

TransMedics Group Posts Weak Results, Joins Harmonic, Crocs, D.R. Horton And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares increased by 89.8% to $1.31 during Tuesday's pre-market session. The company's market cap stands at $3.9 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares moved upwards by 15.96% to $0.32. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) stock rose 11.79% to $4.36. The market value of their outstanding shares is at $155.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock moved upwards by 11.71% to $1.43. The company's market cap stands at $134.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares increased by 11.34% to $2.65. The company's market cap stands at $18.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares moved upwards by 10.95% to $11.95. The market value of their outstanding shares is at $196.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock fell 18.6% to $12.07 during Tuesday's pre-market session. The company's market cap stands at $1.4 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) shares fell 16.53% to $8.58. The market value of their outstanding shares is at $1.0 billion. As per the press release, Q3 earnings came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock declined by 14.46% to $1.42. The company's market cap stands at $3.2 million. </li>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares declined by 13.35% to $25.59. The company's market cap stands at $6.3 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock decreased by 9.58% to $9.55. The company's market cap stands at $108.2 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock declined by 9.36% to $0.44. The company's market cap stands at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

BKYI

CETX

DTSS

IVDA

PHUN

QUBT

VEEA

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>BIO-key Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKYI#NASDAQ">BKYI</a>) shares rose 89.8% to $1.31 during Tuesday's pre-market session. The company's market cap stands at $3.9 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock moved upwards by 15.96% to $0.32. </li>
<li>Veea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares rose 11.79% to $4.36. The market value of their outstanding shares is at $155.3 million. </li>
<li>Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock rose 11.71% to $1.43. The market value of their outstanding shares is at $134.7 million. </li>
<li>Datasea (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DTSS#NASDAQ">DTSS</a>) shares moved upwards by 11.34% to $2.65. The market value of their outstanding shares is at $18.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares rose 10.95% to $11.95. The company's market cap stands at $196.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock fell 18.6% to $12.07 during Tuesday's pre-market session. The market value of their outstanding shares is at $1.4 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) stock declined by 16.53% to $8.58. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock fell 14.46% to $1.42. The company's market cap stands at $3.2 million. </li>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) stock decreased by 13.35% to $25.59. The company's market cap stands at $6.3 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Phunware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) stock decreased by 9.58% to $9.55. The market value of their outstanding shares is at $108.2 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock decreased by 9.36% to $0.44. The company's market cap stands at $2.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Keybanc analyst Steve Barger maintains Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Overweight and lowers the price target from $38 to $34.

Keybanc Maintains Overweight on Amkor Tech, Lowers Price Target to $34

Morgan Stanley analyst Joseph Moore maintains Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Equal-Weight and lowers the price target from $35 to $26.

Morgan Stanley Maintains Equal-Weight on Amkor Tech, Lowers Price Target to $26

Needham analyst Charles Shi maintains Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) with a Buy and lowers the price target from $45 to $34.

Needham Maintains Buy on Amkor Tech, Lowers Price Target to $34

Amkor Technology shares are trading lower after the company reported mixed Q3 financial results.

Shares of V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) rose sharply in today's pre-market trading after the company reported better-than-expected<a href="https://www.benzinga.com/news/earnings/24/10/41587808/vf-corp-q2-earnings-revenue-beat-eps-beat-cost-reductions-on-track-guidance-and-more"> second-quarter financial results.</a>
VF Corp, the parent company of Vans and The North Face, reported second-quarter revenue of $2.8 billion, beating the consensus estimate of $2.7 billion, according to Benzinga Pro. The company reported second-quarter earnings of 60 cents per share, beating analyst estimates of 37 cents per share.
V.F. Corporation shares jumped 21.4% to $20.70 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPH#NASDAQ">SHPH</a>) gained 68.2% to $2.22 in pre-market trading after the company announced it finalized agreements with all six of the planned site enrollment locations to administer the Phase 2 clinical trial of Ropidoxuridine.</li>
<li>Lixte Biotechnology Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIXT#NASDAQ">LIXT</a>) rose 67.6% to $2.23 in pre-market trading after falling 18% on Monday.</li>
<li>American Rebel Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares surged 30% to $3.51 in pre-market trading.</li>
<li>Immuron Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMRN#NASDAQ">IMRN</a>) shares rose 29% to $2.49 in pre-market trading.</li>
<li>Lightbridge Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTBR#NASDAQ">LTBR</a>) climbed 15.4% to $10.48 in pre-market trading after jumping around 24% on Monday.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 14.8% to $1.47 in pre-market trading. Quantum Computing will host a conference call and webcast on Wednesday, Nov. 6, to review the Company&#8217;s operational progress for the third quarter.</li>
<li>F5, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) gained 11.1% to $242.50 in pre-market trading after the company reported better-than-expected fourth-quarter financial results and approved an additional $1 billion buyback program.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares gained 10.7% to $4.32 in pre-market trading. Veea, O.N.E. Amazon, and AECOM partnered on &#8216;Internet of Forests&#8217; to digitally safeguard rainforests and empower Colombian communities.</li>
<li>Griid Infrastructure Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRDI#NASDAQ">GRDI</a>) shares rose 9.4% to $1.01 in pre-market trading after dipping 16% on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Hanryu Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) shares dipped 40.4% to $0.3031 in pre-market trading after jumping 125% on Monday.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) shares fell 25.8% to $93.69 in pre-market trading following downbeat quarterly results.</li>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) shares fell 25.8% to $17.68 in pre-market trading after the company reported weak quarterly results and said it will not pay cash dividend for the third quarter.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) fell 21.3% to $0.1217 in today's pre-market trading after the company announced the pricing of $3 million public offering of common stock and/or pre-funded warrants.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDIO#NASDAQ">CDIO</a>) fell 16.6% to $0.26 in pre-market trading after jumping 40% on Monday.</li>
<li>Evoke Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVOK#NASDAQ">EVOK</a>) fell 16% to $5.95 in pre-market trading. Evoke Pharma shares jumped 38% on Monday after the company announced the presentation of GLP-1 data for users with diabetic gastoparesis using GIMOTI and showed statistically significant improvements.</li>
<li>Harmonic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) shares declined 15.8% to $12.48 in pre-market trading after reporting third-quarter results.</li>
<li>Iveda Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) declined 15.6% to $1.40 in pre-market trading.</li>
<li>Amkor Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares fell 11% to $26.27 after the company reported mixed third-quarter financial results.</li>
<li>Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) fell 10.1% to $26.20 in pre-market trading after gaining 14% on Monday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41592226/dow-surges-over-250-points-ahead-of-alphabet-pfizer-earnings-investor-sentiment-improves-fear-index">Dow Surges Over 250 Points Ahead Of Alphabet, Pfizer Earnings: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

AREB

Cardio Diagnostics Holdings Inc. - Common stock

CDIO

DBGI

EVOK

FFIV

GRDI

HRYU

IMRN

LIXT

LTBR

SHPH

Why VF Corp Shares Are Trading Higher By Around 21%; Here Are 20 Stocks Moving Premarket

<h3>Gainers</h3>
<ul>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock increased by 16.4% to $0.32 during Monday's after-market session. </li>
<li>F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) stock increased by 10.01% to $240.22. The market value of their outstanding shares is at $14.0 billion. The company's, Q4 earnings came out today. </li>
<li>Harmonic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLIT#NASDAQ">HLIT</a>) stock increased by 7.96% to $16.0. The market value of their outstanding shares is at $1.8 billion. The company's, Q3 earnings came out today. </li>
<li>Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) stock rose 6.81% to $270.0. The company's market cap stands at $73.9 billion. The company's, Q3 earnings came out today. </li>
<li>Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) stock increased by 5.37% to $117.48. The market value of their outstanding shares is at $3.2 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) stock moved upwards by 4.93% to $9.14. The company's market cap stands at $422.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) shares fell 11.1% to $26.26 during Monday's after-market session. The market value of their outstanding shares is at $6.4 billion. As per the news, the Q3 earnings report came out today. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares decreased by 10.46% to $0.43. The company's market cap stands at $2.6 million. </li>
<li>Saiheat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIH#NASDAQ">SAIH</a>) stock decreased by 6.2% to $1.06. The market value of their outstanding shares is at $26.1 million. </li>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) stock declined by 5.01% to $0.9. The company's market cap stands at $34.2 million. </li>
<li>Pagaya Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>) stock declined by 4.75% to $12.04. The company's market cap stands at $864.6 million. </li>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares declined by 4.48% to $0.06. The company's market cap stands at $9.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGYS

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12 Information Technology Stocks Moving In Monday's After-Market Session

Guidance

Amkor Technology Expects Q4 Net Sales Of $1.60B -$1.70B, EPS Of $0.28 - $0.44

Amkor Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMKR#NASDAQ">AMKR</a>) reported quarterly earnings of $0.49 per share which missed the analyst consensus estimate of $0.50 by 2 percent. This is a 9.26 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $1.86 billion which beat the analyst consensus estimate of $1.84 billion by 1.20 percent. This is a 2.20 percent increase over sales of $1.82 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Amkor Tech Q3 2024 GAAP EPS $0.49 Misses $0.50 Estimate, Sales $1.86B Beat $1.84B Estimate

The semiconductor industry has witnessed significant growth, driven by rising demand for devices, technological breakthroughs, and advancements. In this thriving landscape, Taiwan Semiconductor Manufacturing (TSM), KLA Corporation (KLAC), and QUALCOMM (QCOM) stand out with their strong fundamentals, positioning them as top contenders in the industry's future. Read on… The semiconductor industry is seeing extreme growth potential driven by technological advancements and the rising demand for gadgets that rely on chips. With most of our daily lives revolving around these devices, semiconductors have indeed become an integral part of our lives.
Amid this backdrop, investors could scoop up shares of fundamentally stable semiconductor stocks, Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>), KLA Corporation (<a href="https://stocknews.com/stock/KLAC/">KLAC</a>), and QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>), which are well-positioned to capitalize on opportunities in the digital age.
The semiconductor industry is experiencing rapid expansion owing to groundbreaking technological advancements across sectors. Innovations like Artificial intelligence (AI), Machine Learning (ML), cloud computing, 5G networks, autonomous vehicles, and big data analytics that rely heavily on semiconductor components are driving the industry growth.
The Semiconductor Industry Association (SIA) reported that global semiconductor sales <a href="https://www.semiconductors.org/global-semiconductor-sales-increase-23-2-in-q3-2024-compared-to-q3-2023-quarter-to-quarter-sales-up-10-7/">reached $166 billion</a> in the third quarter of 2024, a 23.2% increase compared to the second quarter of 2023. September sales hit the market's highest-ever monthly total, fueled by a remarkable 46.3% year-over-year surge in the Americas.
The industry is poised for continued growth, propelled by the surge in global tech shipments. As per Counterpoint, global smartphone shipments are <a href="https://www.counterpointresearch.com/insights/global-smartphone-forecast-2024/">set to grow by 5%</a> year-over-year in 2024, reaching a record 1.23 billion units. Simultaneously, Gartner, Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>) reports that worldwide PC shipments hit <a href="https://www.gartner.com/en/newsroom/press-releases/2024-10-09-gartner-says-worldwide-pc-shipments-declined-1-percent-in-third-quarter-of-2024">62.9 million units</a> in the third quarter of 2024.
These favorable trends are reflected in the long-term forecast for the industry as well. A study by Fortune Business Highlights predicts that the global semiconductor market size will reach $2.06 trillion by 2032, growing at a <a href="https://www.fortunebusinessinsights.com/semiconductor-market-102365">CAGR of 14.9%</a>.
Now, let us dive deep into the fundamentals of three <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stocks, starting with #3.
Stock #3: Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>)
Headquartered in Hsinchu City, Taiwan, TSM manufactures, packages, tests, and sells integrated circuits and other semiconductor devices. The company provides a range of wafer fabrication processes and also offers customer and engineering support services, research, designing and investment in tech start-ups.
On November 13, TSM <a href="https://pr.tsmc.com/english/news/3189">announced the inauguration</a> of the Taichung Zero Waste Manufacturing Center along with the signing of a memorandum of Understanding on carbon capture with the Ministry of Environment.
Such initiatives could strengthen TSM's sustainability efforts, reduce operational costs, and attract eco-conscious investors, positioning the company for long-term financial growth and global market leadership.
On October 3, TSM announced the <a href="https://pr.tsmc.com/english/news/3174">signing of a memorandum of understanding</a> with Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>) to collaborate and bring advanced packaging and test capabilities to Arizona.
This collaboration enhances TSM's U.S. operations, bolsters its supply chain, and strengthens its market position, driving growth and financial resilience.
For the fiscal third quarter that ended September 30, 2024, TSM's net revenue increased 39% year-over-year to $23.50 billion. Its income from operations grew 58.2% from the year-ago value to $11.16 billion. Additionally, the company's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> and EPS rose 54.2% and 54.1% from the prior year's quarter to $10.06 billion and $0.39, respectively.
Analysts expect TSM's revenue and EPS for the fiscal fourth quarter ending December 2024 to increase 32.3% and 52.8% year-over-year to $26.20 billion and $2.20, respectively. Moreover, the company has surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of TSM have surged 14.9% over the past six months and 87.9% over the past year to close the last trading session at $183.84.
TSM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its fundamentals. TSM has an A grade for Sentiment and Quality. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
It is ranked #6 out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry. In addition to the POWR Rating highlighted above, you can check TSM's ratings for Stability, Value, Momentum, and Growth <a href="https://stocknews.com/stock/TSM/">here</a>.
Stock #2: KLA Corporation (<a href="https://stocknews.com/stock/KLAC/">KLAC</a>)
KLAC designs, manufactures and markets process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries. The company has three operational segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.
On October 15, KLAC introduced <a href="https://ir.kla.com/news-events/press-releases/detail/485/kla-unveils-comprehensive-ic-substrate-portfolio-for-a-new">process control and process-enabling solutions</a> for IC substrate (ICS) manufacturing. This would allow KLAC to help customers achieve breakthroughs in packaging interconnect density for chips targeting high-performance applications and enhance the company's market presence in the semiconductor industry.
On October 3, KLAC <a href="https://ir.kla.com/news-events/press-releases/detail/483/kla-completes-first-phase-of-us200-million-singapore">announced the completion</a> of phase 1 of its newest manufacturing facility in Singapore. This expansion will help the company gather a dominant market position in the semiconductor market in the region and boost the company's growth potential.
For the fiscal 2025 first quarter that ended September 30, 2024, KLAC's total revenues increased 18.5% year-over-year to $2.84 billion. The company's non-GAAP net income and non-GAAP net income per share rose 25.6% and 27.7% from the prior year's quarter to $988.15 and $7.33, respectively.
Moreover, as of September 30, 2024, KLAC's total current assets amounted to $10.23 billion, compared to $10.03 billion on June 30, 2024.
For the fiscal 2025 second quarter (ending December 2024), Street expects KLAC's revenue and EPS to increase 18.8% and 26.4% year-over-year to $2.95 billion and $7.78, respectively. Moreover, the company has surpassed the consensus revenue and EPS estimates in all four trailing quarters.
KLAC's shares surged 13.7% over the past year to close the last trading session at $631.47.
KLAC's solid fundamentals are mirrored in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
KLAC has an A grade for Quality and a B for Growth and Sentiment. It is ranked #3 out of 90 stocks in the Semiconductor &amp; Wireless Chip industry.
<a href="https://stocknews.com/stock/KLAC/">Click here</a> to access KLAC's ratings for Value, Momentum and Stability.
Stock #1: QUALCOMM Incorporated (<a href="https://stocknews.com/stock/QCOM/">QCOM</a>)
QCOM develops and commercializes foundational technologies for the wireless industry including 3G, 4G, 5G and high-performance on-device artificial intelligence. The company's three operational segments include: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
On October 24, QCOM <a href="https://www.qualcomm.com/news/releases/2024/10/qualcomm-and-mistral-ai-partner-to-bring-new-generative-ai-model">announced a collaboration</a> with Mistral AI to introduce Mistral's generative AI models, Ministral 3B and Ministral 8B, to devices powered by the Snapdragon processors.
This positions QCOM to enhance its on-device AI capabilities, driving innovation and boosting market competitiveness to support its growth in the AI-driven technology sector.
On October 23, QCOM announced a <a href="https://www.qualcomm.com/news/releases/2024/10/qualcomm-announces-multi-year-strategic-collaboration-withgoogle">multi-year technology collaboration</a> with Google that aims to advance digital transformation in automotive. The partnership accelerates innovation, develops cutting-edge Gen AI-enabled solutions, and strengthens QCOM's leadership in the AI-driven automotive market.
For the fiscal 2024 fourth quarter that ended September 29, QCOM's total revenues increased 18.7% year-over-year to $10.24 billion. Its non-GAAP operating income grew 31.4% from the year-ago value to $3.51 billion.
Furthermore, QCOM's non-GAAP net income and non-GAAP EPS rose 33.3% and 33.2% from the prior year's quarter to $3.04 billion and $2.69, respectively.
The consensus revenue and EPS estimates of $10.96 billion and $2.95 for the fiscal 2025 first quarter ending December 2024 exhibit a year-over-year rise of 10.5% and 7.4%, respectively. Additionally, the company has surpassed the consensus revenue and EPS estimates in all four trailing quarters, which is noteworthy.
Shares of QCOM have gained 22.8% over the past year, closing the last trading session at $156.93.
QCOM's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
QCOM has an A grade for Quality and a B for Value. It has topped the 90-stock Semiconductor &amp; Wireless Chip industry.
<a href="https://stocknews.com/stock/QCOM/">Click here</a> to access QCOM's ratings for Momentum, Stability, Growth, and Sentiment.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
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<hr />
TSM shares fell $1.91 (-1.04%) in premarket trading Wednesday. Year-to-date, TSM has gained 78.30%, versus a 27.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/tsm-qcom-klac-amkr-3-semiconductor-stocks-powering-the-digital-age/>3 Semiconductor Stocks Powering the Digital Age</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Semiconductor Stocks Powering the Digital Age

Worst performing stocks for tax loss selling – Wolfe

An announcement from Amkor ( ($AMKR) ) is now available. Amkor Technology has appointed John Liu to its Board of Directors, expanding the board to ...

Amkor Expands Board with John Liu Appointment

Miller-Howard Small Cap Dividend Q3 2024 Commentary

As global industries become increasingly reliant on advanced computing and connectivity, semiconductor companies are well-positioned for sustained growth. Thus, investors could watch fundamentally solid semiconductor stocks NVIDIA Corp (NVDA), Broadcom (AVGO), and Taiwan Semiconductor (TSM). Keep reading… The semiconductor industry is at the heart of the digital revolution, enabling advancements in Artificial Intelligence (AI), 5G, and cloud computing. With the industry's focus on innovation and strategic investments, the firms in this sector are driving technological progress while offering compelling growth opportunities for investors.
Given this positive sentiment, it might be wise to consider adding three fundamentally strong semiconductor stocks: NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>), Broadcom Inc. (<a href="https://stocknews.com/stock/AVGO/">AVGO</a>), and Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>) to their watchlist.
Companies focusing on AI-related semiconductors have seen tremendous demand, particularly from data centers and tech firms looking to enhance their computational capabilities. The <a href="https://www2.deloitte.com/th/en/pages/about-deloitte/articles/2024-semiconductor-outlook-en.html">gen AI chip growth is fueled by advancements</a> across several key chip technologies. This sector is expected to grow further as AI adoption becomes more widespread across industries.
Moreover, the <a href="https://kpmg.com/us/en/articles/2024/global-semiconductor-industry-outlook-2025.html">KPMG Semiconductor Industry Confidence Index score is 59 for the upcoming year 2025</a>, which indicates a positive outlook. The score is higher than last year due to increased confidence across all factors like research and development (R&amp;D) spending, company revenue growth, and capital expenditures within the sector. AI is the most important revenue driver in the growth of the semiconductor industry, followed by cloud/data centers being the second driver.
The rise of Electric Vehicles (EVs) and renewable energy solutions is also fueling demand for semiconductors. Semiconductor firms that cater to the automotive industry are benefiting from the shift of undergoing a substantial transformation driven by the adoption of EVs and the emergence of Software-Defined Vehicles (SDVs).
As per PwC report, the automotive semiconductor market is anticipated <a href="https://www.pwc.com/gx/en/industries/technology/state-of-the-semicon-industry.html">to reach $117 billion</a>, growing at a CAGR of 8.9%.
With these trends, the global semiconductor market is projected to expand to $2.06 trillion by 2032, <a href="https://www.fortunebusinessinsights.com/semiconductor-market-102365">exhibiting a CAGR of 14.9%</a>. As industries increasingly rely on semiconductors, these companies are set to thrive in the years ahead, offering investors opportunities to capitalize on the booming tech industry.
Considering these favorable market trends, let's look at the fundamentals of the top three <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> stocks, beginning with the third choice.
Stock #3: NVIDIA Corporation (<a href="https://stocknews.com/stock/NVDA/">NVDA</a>)
NVDA provides graphics, and computing and networking solutions internationally. It operates through two segments: Graphics and Compute &amp; Networking. The company offers products that are used in gaming, professional visualization, data center, and automotive markets.
On December 5, NVDA announced the opening of its first Vietnam research and development center to bolster AI development. This collaboration with the Vietnamese government will help NVDA to focus its research on the country's STEM engineers and to engage startups, government agencies, universities, and students to accelerate the adoption of AI. It will also allow NVDA to expand its global footprint in Southeast Asia.
On November 18, NVDA announced the Omniverse Blueprint, enabling real-time physics digital twins for industries like aerospace and automotive, integrating AI and advanced simulation tools. This blueprint accelerates workflows, offering up to 1,200x faster simulations and transforming industrial digitalization with leading software partners.
During the third quarter that ended on October 27, NVDA's revenue increased 93.6% year-over-year, amounting to $26.16 billion. It posted a non-GAAP operating income of $23.28 billion, indicating a 101.4% increase from the prior-year quarter.
In addition, NVDA's non-GAAP net income stood at $20.01 billion, up 99.7% year-over-year, while its non-GAAP earnings per share grew 102.5% from the year-ago value to $0.81. Also, its <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> rose 138.4% from the year-ago value to $16.79 billion.
According to the company's outlook for the fourth quarter fiscal 2025, NVDA projects revenue of $32.50 billion, plus or minus 2%.
Analysts expect NVDA's revenue for the fourth quarter (ending January 2025) to increase 72% year-over-year to $38.03 billion, while its EPS for the same period is expected to grow 63.9% from the prior year to $0.85. Moreover, it topped Street revenue and EPS estimates in each of the trailing four quarters, which is excellent.
The stock has gained 166.7% over the past year and 48.5% over the past nine months to close the last trading session at $130.39.
NVDA's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an A grade for Sentiment and a B for Quality. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
Among the 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, it is ranked #36. <a href="https://stocknews.com/stock/NVDA/">Click here</a> to see the additional NVDA ratings (Growth, Value, Momentum, and Stability).
Stock #2: Broadcom Inc. (<a href="https://stocknews.com/stock/AVGO/">AVGO</a>)
AVGO is a global technology company that designs, develops, and supplies a broad range of semiconductors, focusing on complex digital and mixed signal complementary metal oxide semiconductor-based devices and analog III-V-based products. The company operates through two segments: Semiconductor Solutions and Infrastructure Software.
On December 10, AVGO introduced Bitnami Premium, a commercial enterprise version of Bitnami by VMware Tanzu, and it also named Arrow Electronics as its global distributor. This new enterprise will help customers accelerate their application delivery with easy access and enhanced security features.
In the same month, AVGO announced the availability of the industry's first 3.5D eXtreme Dimension System in Package (XDSiP&#x2122;) platform technology, which enables consumer AI customers to develop next-generation custom accelerators (XPUs). This innovation enables custom compute platforms with breakthrough performance, power efficiency, reduced latency, and cost-effectiveness.
AVGO's total net revenue for the fourth quarter (ended November 3, 2024) increased 51.2% year-over-year to $14.05 billion. Its non-GAAP operating income is $8.81 billion, indicating a 53.3% growth from the prior year's quarter. AVGO's net income came in at $4.32 billion and $0.90 per share, up 22.7% and 8.4% year-over-year, respectively. The company's adjusted EBITDA increased 50.3% from the year-ago value to $9.09 billion. Also, its free cash flow grew 16.1% from the same period last year to $5.48 billion.
Looking ahead, AVGO anticipates revenue for the fiscal first quarter of 2025 to be approximately $14.60 billion and adjusted EBITDA of approximately 66% of projected revenue.
Street expects AVGO's revenue for the fiscal first quarter (ending January 2025) to increase 22.1% year-over-year to $14.60 billion. Its EPS for the same period is expected to register a 37.2% growth from the prior year, settling at $1.51. In addition, it surpassed the consensus EPS estimates in each of the trailing four quarters, which is promising.
AVGO shares have surged 112.6% over the past year and 94.4% over the past nine months to close the last trading session at $240.23.
AVGO's POWR Ratings reflect this outlook. It has a B grade for Growth, Sentiment, and Quality and is ranked #25 out of 90 stocks in the same industry. To see the other ratings of AVGO for Value, Momentum, and Stability, <a href="https://stocknews.com/stock/AVGO/">click here</a>.
Stock #1: Taiwan Semiconductor Manufacturing Company Limited (<a href="https://stocknews.com/stock/TSM/">TSM</a>)
Headquartered in Hsinchu City, Taiwan, TSM globally manufactures, tests, and markets integrated circuits and other semiconductor products. Its products are used in high-performance computing, smartphones, the Internet of Things, automotive, and digital consumer electronics. 
On October 4, TSM and Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>) signed a Memorandum of Understanding to enhance Arizona's advanced packaging and testing capabilities, bolstering the region's semiconductor ecosystem. In this agreement, AMKR will contract turnkey advanced packaging and test services to TSM. These services should support TSM's customers, particularly those utilizing Phoenix's advanced wafer fabrication facilities.
In the fiscal third quarter that ended on September 30, 2024, TSM's net sales increased 38.9% year-over-year to NT$759.69 billion ($23.66 billion). Its gross profit grew 48.1% from the prior year's quarter to NT$439.34 billion ($13.69 billion).
Its income from operations came in at NT$360.77 billion ($11.24 billion), up 58.2% year-over-year. In addition, the company's net income and EPS increased 54.2% year-over-year to NT$325.26 billion ($10.13 billion) and NT$12.54, respectively.
As per TSM's outlook for its fiscal fourth quarter 2024, it is projecting revenue to be between $26.10 billion and $26.90 billion. Additionally, its gross profit margin is expected to grow between 57%-59%. The company also expects operating profit margin to range between 46.5% and 48.5%.
The consensus revenue estimate of $26.22 billion for the fiscal fourth quarter (ending December 2024) represents a 32.3% increase year-over-year. The consensus EPS estimate of $2.20 for the same quarter indicates a 52.8% improvement year-over-year. The company has an excellent surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
Over the past year, the stock has surged 95.7%, closing the last trading session at $200.66.
TSM's fundamentals are reflected in its POWR Ratings. The stock has an A grade for Quality and a B for Sentiment. It is ranked #12 in the Semiconductor &amp; Wireless Chip industry.
Beyond what is stated above, we've also rated TSM for Growth, Value, Momentum, and Stability. Get all TSM's ratings <a href="https://stocknews.com/stock/TSM/">here</a>.
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NVDA shares were trading at $131.90 per share on Wednesday afternoon, up $1.51 (+1.16%). Year-to-date, NVDA has gained 166.43%, versus a 26.48% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/nvda-avgo-tsm-amkr-3-semiconductor-stocks-driving-the-digital-revolution/>3 Semiconductor Stocks Driving the Digital Revolution</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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