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Sept. 28, 2022, 8:13 a.m. EDT

Chip stocks and Apple supplier shares fall after report of disappointing iPhone demand

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By Tomi Kilgore

Shares of semiconductor companies and Apple Inc. /zigman2/quotes/202934861/composite AAPL -0.34% suppliers were broadly lower in premarket trading Wednesday, after Bloomberg reported overnight that Apple is dropping plans to boost iPhone production because an expected surge in demand didn't materialize. The VanEck Semiconductor ETF /zigman2/quotes/200571902/composite SMH -0.80% slumped 1.9%, with all equity components that have traded premarket losing ground, led by the 5.1% drop in STMicroelectronics NV's stock /zigman2/quotes/207734906/composite STM -1.19% , while shares of Nvidia Corp. /zigman2/quotes/200467500/composite NVDA -0.98% shed 1.2%, Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD -2.67% slid 0.9% and Intel Corp. /zigman2/quotes/203649727/composite INTC -0.70% eased 0.1%. Among suppliers, shares of Qorvo Inc. /zigman2/quotes/209919828/composite QRVO -1.19% fell 2.8%, Skyworks Solutions Inc. /zigman2/quotes/201417573/composite SWKS -0.68% gave up 2.5%, ON Semiconductor Corp. /zigman2/quotes/202641012/composite ON -2.26% fell 2.0% and Microchip Technology Inc. /zigman2/quotes/208326291/composite MCHP -1.22% lost 1.1%. Meanwhile, futures /zigman2/quotes/209948968/delayed ES00 -0.86% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.73% slipped 0.5% ahead of the open.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 142.16
-0.49 -0.34%
Volume: 76.08M
Dec. 9, 2022 4:00p
P/E Ratio
23.30
Dividend Yield
0.65%
Market Cap
$2269.29 billion
Rev. per Employee
$2.40M
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/zigman2/quotes/200571902/composite
US : U.S.: Nasdaq
$ 220.04
-1.78 -0.80%
Volume: 2.47M
Dec. 9, 2022 4:00p
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/zigman2/quotes/207734906/composite
US : U.S.: NYSE
$ 38.24
-0.46 -1.19%
Volume: 2.74M
Dec. 9, 2022 4:00p
P/E Ratio
9.37
Dividend Yield
0.53%
Market Cap
$34.86 billion
Rev. per Employee
$316,243
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/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 170.01
-1.68 -0.98%
Volume: 46.51M
Dec. 9, 2022 4:00p
P/E Ratio
72.33
Dividend Yield
0.09%
Market Cap
$422.36 billion
Rev. per Employee
$1.27M
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/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 68.59
-1.88 -2.67%
Volume: 59.02M
Dec. 9, 2022 4:00p
P/E Ratio
41.10
Dividend Yield
N/A
Market Cap
$113.62 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 28.24
-0.20 -0.70%
Volume: 25.64M
Dec. 9, 2022 4:00p
P/E Ratio
8.71
Dividend Yield
5.17%
Market Cap
$117.37 billion
Rev. per Employee
$574,236
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/zigman2/quotes/209919828/composite
US : U.S.: Nasdaq
$ 97.60
-1.18 -1.19%
Volume: 1.03M
Dec. 9, 2022 4:00p
P/E Ratio
15.31
Dividend Yield
N/A
Market Cap
$10.02 billion
Rev. per Employee
$502,644
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/zigman2/quotes/201417573/composite
US : U.S.: Nasdaq
$ 94.52
-0.65 -0.68%
Volume: 1.84M
Dec. 9, 2022 4:00p
P/E Ratio
12.13
Dividend Yield
2.62%
Market Cap
$15.24 billion
Rev. per Employee
$491,973
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/zigman2/quotes/202641012/composite
US : U.S.: Nasdaq
$ 70.53
-1.63 -2.26%
Volume: 3.53M
Dec. 9, 2022 4:00p
P/E Ratio
18.30
Dividend Yield
N/A
Market Cap
$31.20 billion
Rev. per Employee
$268,957
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/zigman2/quotes/208326291/composite
US : U.S.: Nasdaq
$ 75.88
-0.94 -1.22%
Volume: 3.21M
Dec. 9, 2022 4:00p
P/E Ratio
23.15
Dividend Yield
1.73%
Market Cap
$42.25 billion
Rev. per Employee
$363,738
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/zigman2/quotes/209948968/delayed
US : U.S.: CME
$ 3,931.50
-34.25 -0.86%
Volume: 1.67M
Dec. 9, 2022 3:59p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,934.38
-29.13 -0.73%
Volume: 0.00
Dec. 9, 2022 5:18p
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