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Nervous markets await NvidiaThis summary was created by AI, based on 2 opinions in the last 12 months.
Samsung Electronics has garnered attention from market analysts for its mixed performance over recent months. In July 2023, it was highlighted as a top pick, although it has since seen a 28% decline from its peak. Despite this downturn, another report in April noted a solid 16% increase, citing impressive earnings driven by AI technology utilized in their product lineup, including phones and other electronics. Analysts suggest that Samsung's diverse legacy businesses provide a buffer against volatility in the semiconductor market. With current market conditions, some experts believe the stock is now undervalued, making it an attractive opportunity amidst a broader upswing in semiconductor sales.
Hard to know what 2024 landscape will look like in the western world. Hard times already felt in China and Asia, so this is a bit of a bet on Asia-Pacific. Mammoth company. Largest DRAM (memory) chip maker. Second to TSM as a foundry, 59% share vs. 13%. Samsung wants to double its share in 5 years. Great report. Yield is 2%.
No ADR. Trades on the London Stock Exchange. Buy in thirds at $1360, $1300, and $1200.
They’ve had a number of negative things, such as exploding phones and a corruption probe. When looking at the financials, you see a big line item that comes from semiconductors, which is one of their big drivers. Ultimately though, that is a supplier to the phones, smart devices and a lot of other related paraphernalia. If there is a slowdown in the phone segment, then you definitely get a slowdown in semiconductors and their ability to use the semiconductor division to derive additional revenues through third-party relationships. It has been a fabulous stock, but at this point it is too rich.
They dealt with their exploding battery situation very well. Did a very big recall and a big write down, because they recognized that the risk to their reputation was too high. She likes this as it is no longer a cyclical business. A few years ago, this was basically smart phones or D-RAM memory. Today they are much more diversified. Also, corporate governance has improved. Dividend yield of 1.6%. (Analysts’ price target is 2,800,000 KRW.)
They were a very secretive big conglomerate in Korea. Now, the son has taken over the leadership and it has become very different. Much more open and focused on return of capital. This used to be and still is mostly about their phones. Mobile devices are just over 50% of revenue, and they make the chips. The way they dealt with their Note7 problems was very impressive. They announced a global recall, no questions asked and gave you a little bit of a bonus back. They have already taken a $5-$6 billion of a write down, and there is probably a little more to come. They’ve also discontinued the line. This company generates cash flow. About 27% of their market cap is cash. Last year they generated roughly 5 trillion Won of cash flow, roughly $28 billion Canadian. They are spending just under 40% of it on a buyback this year. It is probably not going to grow that fast anymore, but now the D-RAM is growing very quickly because their competitors love their components. Very inexpensive. Pays a relatively attractive dividend for an Asian stock.
Samsung Electronics is a OTC stock, trading under the symbol 005930-KRX on the Korea Exchange (005930-KP). It is usually referred to as KRX:005930 or 005930-KRX
In the last year, 2 stock analysts published opinions about 005930-KRX. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Samsung Electronics.
Samsung Electronics was recommended as a Top Pick by on . Read the latest stock experts ratings for Samsung Electronics.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Samsung Electronics In the last year. It is a trending stock that is worth watching.
On 2024-08-30, Samsung Electronics (005930-KRX) stock closed at a price of $74300.
Sold in July, after doing quite well and reaching his price target. Lots of legacy businesses.