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Dividend Growth Idea Qualcomm Growing at a Robust Clip

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Image Shown: Dividend growth idea Qualcomm Inc put up strong performance last fiscal quarter. Image Source: Qualcomm Inc – Third Quarter of Fiscal 2022 Earnings Press Release By Callum Turcan Qualcomm Inc (QCOM) recently reported third quarter earnings for fiscal 2022 (period ended June 26, 2022) that beat both consensus top- and bottom-line estimates. The company provided guidance for the fiscal fourth quarter that was a tad lighter than what Wall Street was looking for, though its near term forecasts still call for substantial revenue and earnings growth on a year-over-year basis. We like Qualcomm as an idea in the Dividend Growth Newsletter portfolio given its stellar free cash flow generating abilities, healthy balance sheet, pricing power, bright growth outlook, … Read more

ASML Holding Retains Dominant Position in High-End Semiconductor Equipment Space

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Image Shown: ASML Holding NV effectively has a monopoly on the high-end space of the semiconductor equipment industry as the Dutch company sells the only lithography systems that can produce the most advanced cutting edge “chips.” We are huge fans of the company’s business model. Image Source: ASML Holding NV – Second Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan Based in the Netherlands, ASML Holding NV (ASML) produces lithography systems that can produce all types of semiconductor components and effectively has a monopoly at the high-end part of this industry given its immense technological lead over its peers. The secular tailwinds driving up demand for “chips” across the globe such as the growing computing power needs of … Read more

Broadcom Buying VMware as “Empire Building” Streak Continues

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Image Shown: Broadcom Inc is acquiring VMware Inc and the deal will significantly increase its enterprise software business. Image Source: Broadcom Inc and VMware Inc – May 2022 IR Presentation By Callum Turcan Continuing with its acquisitive streak, the semiconductor and enterprise software giant Broadcom Inc (AVGO) announced on May 26 that it would acquire hybrid cloud services provider VMware Inc (VMW) through a cash-and-stock deal that values VMware at ~$61 billion. Additionally, Broadcom will assume ~$8 billion in net debt from VMware. This follows in the footsteps of Broadcom’s $18.9 billion deal to acquire CA Technologies in 2018 and its $10.7 billion deal to acquire the enterprise security business of then-Symantec, now NortonLifeLock Inc (NLOK), in 2019. Under the … Read more

Net Cash Rich Micron Technology Beats Estimates and Issues Favorable Near Term Guidance

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Image Source: Micron Technology Inc – First Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan On December 20, Micron Technology Inc (MU) reported first quarter earnings for fiscal 2022 (period ended December 2, 2021) that beat both consensus top- and bottom-line estimates. Underlying demand for Micron Technology’s DRAM, NAND, and NOR offerings (used as memory solutions in personal computers, automobiles, data centers, smartphones, and various electronics devices) remained robust last fiscal quarter. The company has done a great job navigating supply chain hurdles and semiconductor component and equipment shortages in the wake of the coronavirus (‘COVID-19’) pandemic to continue meeting booming customer demand.  Shares of Micron Technology surged higher after it published its latest earnings report December 20 … Read more

ASML Holding’s Bright Growth Outlook

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Image Shown: Shares of ASML Holding NV are booming higher as demand for its photolithography systems, a crucial part of the semiconductor supply chain, continues to grow at a robust pace. By Callum Turcan On October 20, Netherlands-based ASML Holding NV (ASML) announced third quarter fiscal 2021 earnings (period ended October 3, 2021) that saw its GAAP revenues (in Euro terms) grow by 32% year-over-year to reach $5.2 billion. The firm designs and manufactures photolithography systems that are used to produce semiconductor components, a crucial part of the semiconductor supply chain. At the higher end of things, ASML Holding operates in a virtual monopoly given that the firm is leaps and bounds ahead of the competition when it comes to … Read more

Dividend Growth Idea Qualcomm Enters Bidding War to Bolster Automotive Growth Runway

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Image Source: Qualcomm Inc – March 2021 Annual Meeting of Stockholders Presentation By Callum Turcan One of our favorite semiconductor plays is Qualcomm Inc (QCOM). For those just getting familiar with the name, the company is about much more than just supplying components used in smartphones. While the rollout of 5G-capable smartphones will provide Qualcomm’s medium-term financial performance a large boost due to its Snapdragon mobile platform offerings, another key aspect of Qualcomm’s promising growth story is its exposure to the automotive industry. Background Information Historically, Qualcomm has focused on supplying components to the automotive industry in the realm of infotainment (such as enabling radio, TV, mapping, and navigation services), telematics (combining automotive technologies with telecommunications and other technologies), and … Read more

Dividend Growth Idea Qualcomm Proactively Managing Fallout from Global Chip Shortage

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Image Shown: Qualcomm Inc, one of our favorite semiconductor firms, noted in March 2021 that the rollout of 5G wireless networks is accelerating which in turn supports its outlook. We include shares of QCOM as an idea in our Dividend Growth Newsletter portfolio. Image Source: Qualcomm Inc – 2021 Annual Meeting of Stockholders IR Presentation By Callum Turcan One of our favorite ways to gain exposure to the semiconductor industry is Qualcomm Inc (QCOM), and we include shares of QCOM as an idea in the Dividend Growth Newsletter portfolio. Qualcomm’s IP portfolio and the “chips” that it designs play an essential role in enabling 5G connectivity in smartphones, powering the digital capabilities of modern automobiles, and supporting wireless network operations … Read more

ICYMI — Video: Exclusive 2020 — Furthering the Financial Discipline

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ICYMI — Video: Exclusive 2020 — Furthering the Financial Discipline — — In this 40+ minute video jam-packed with must-watch content, Valuentum’s President Brian Nelson talks about the Theory of Universal Valuation and how his work is furthering the financial discipline. Learn the pitfalls of factor investing and modern portfolio theory and how the efficient markets hypothesis holds little substance in the wake of COVID-19. He’ll talk about which companies Valuentum likes and why, and which areas he’s avoiding. This and more in Valuentum’s 2020 Exclusive conference call.   Note: This video was originally published August 2, 2020.    To watch the video >>   The Theory of Universal Valuation —– Valuentum members have access to our 16-page stock reports, … Read more

Nvidia Growing at a Brisk Pace Amid Chip Shortage

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Image Source: Nvidia Corporation – GTC Spring 2021 Investor Day Presentation By Callum Turcan On May 26, Nvidia Corporation (NVDA) reported first quarter earnings for fiscal 2022 (period ended May 2, 2021) that beat both consensus top- and bottom-line estimates. Demand for Nvidia’s chips used in data center and gaming offerings remains robust. Looking ahead, Nvidia provided guidance for the fiscal second quarter during its latest earnings update that indicated its strong performance was expected to continue. Earnings Update Revenue from Nvidia’s ‘Gaming’ business operating segment was up 106% year-over-year and 11% sequentially last fiscal quarter as demand for laptops and desktops remained strong. The work-from-home trend became a big part of the weekly routine for many households in the … Read more

Competition Is Heating Up for Intel

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Image Shown: Intel’s shares have outpaced the S&P 500 SPDR (SPY) since we removed them October 2020. By Brian Nelson, CFA We removed Intel (INTC) from the simulated newsletter portfolios in late October 2020. Since then, the chip giant has outpaced the index modestly. We’re not reading too much into this, but we wanted to keep the name in front of you as it has been an idea in the simulated newsletter portfolios in the past. Shares yield about ~2.4% at the time of this writing. On April 22, Intel reported first-quarter 2021 results that showed flat non-GAAP revenue performance, while non-GAAP earnings per share declined modestly. Intel has lost a bit of its edge against Advanced Micro Devices (AMD) … Read more