Semiconductor Stocks' Q2 Earnings On Jul 29: NXPI, AMKR, RMBS
Zacks Investment Research | Jul 26, 2019 12:19AM ET
Semiconductor stocks are expected to be negatively impacted by declining memory prices (both DRAM and NAND), lower chip demand from smartphone OEMs and imposition of tariffs owing to the trade war between the United States and China.
Additionally, the suspension of shipments to Huawei due to the export ban imposed by the U.S. government hurt results of prominent chip-makers like Micron (NASDAQ:MU) and Xilinx (NASDAQ:XLNX) in the current reporting cycle.
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Tempe, AZ-based Amkor Technology (NASDAQ:AMKR) second-quarter 2019 results are expected to be driven by increasing demand for its electronic content. Further, strength in its growing advanced system and package area is a positive. Further, the company remains optimistic about automotive business growth. However, slowdown in general market remains a major concern.
Moreover, the company has a Zacks Rank #2 and an Earnings ESP of 0.00%, which makes surprise prediction difficult.
The consensus mark for loss in the to-be-reported quarter has been steady at 7 cents per share over the past 60 days. You can uncover the best stocks to buy or sell before they’re reported with our Amkor Technology, Inc. Quote
Rambus (NASDAQ:RMBS) second-quarter 2019 results are likely to be driven by strength in semiconductor, which is aiding it in winning new design contracts. Further, its focus on high-growth markets such as data center and networking, artificial intelligence and machine learning, IoT and automotive is a major positive.
Sunnyvale, CA-based company also has an unfavorable combination of a Zacks Rank #3 and an Earnings ESP of 0.00%.
The Zacks Consensus Estimate for second-quarter earnings has been steady at 20 cents per share over the past 60 days.
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