Streetbeat News

NDCVF

Nordic Semiconductor

http://www.nordicsemi.com/

CEO

Svenn-Tore Larsen

Industry

Semiconductor and Related Device Manufacturing

Open

9.18

Mkt cap

1.8B

Volume

500

High

9.18

P/E Ratio

-36.72

52-wk high

14.50

Low

9.18

Div yield

N/A

52-wk low

7.18

Nordic Semiconductor is facing challenges with reduced growth expectations for 2025/26, leading to a 20% stock decline over the past year. Weak consumer demand and destocking have impacted revenue, with management's revised guidance and slower impact from the new nRF54 product line further dampening investor sentiment.

Portfolio Pulse from

December 24, 2024 | 5:45 pm

Bank of America has identified five global stocks with significant growth potential in the field of end-device AI. The bank forecasts a 96% compounded annual growth rate for foundries and a 105% growth rate for chipmakers from 2023-2025, reaching over $14 billion in revenue. The stocks identified are Qualcomm Inc., MediaTek Inc., Nordic Semiconductor, SK Hynix Inc., and Renesas Electronics Corporation.

Portfolio Pulse from Benzinga Neuro

October 11, 2023 | 7:42 am

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