Youdao Inc
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Consumer Discretionary : Diversified Consumer Services |
Based in China
Company profile

Youdao, Inc. is an intelligent learning company that develops and uses technologies to provide learning content, applications and solutions for users of all ages. The Company operates two business segments. The Learning Services and Products segment offers online courses, including the Youdao Premium Courses, NetEase Cloud Classroom and China University MOOC, as well as learning products such as the Youdao Dictionary and Youdao Cloudnote, sales Youdao Dictionary Pen and Youdao Pocket Translator, and provides learning services to customers. The Online Marketing Services segment is engaged in providing different forms of advertising for marketing.

This security is an American depositary receipt
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Price
Delayed
$25.91
Day's Change
0.69 (2.74%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.79
Day's Low
25.00
Volume
(Light)

Today's volume of 209,530 shares is on pace to be much lighter than DAO's 10-day average volume of 566,648 shares.

209,530

UPDATE: A hidden stock tip in Apple earnings? Watch these semiconductor companies, analyst says

1:21 pm ET February 1, 2020 (MarketWatch)
Print

By Philip van Doorn, MarketWatch

Apple's sales rebound has been remarkable, giving a boost to its critical suppliers

Remember the China-trade fear and sales decline that caused Apple's stock to plunge? It might seem like ancient history, but the stock bottomed only a year ago. And now, with Apple's quarterly numbers backing the huge increase in its stock price, it may be time for its biggest suppliers -- and other semiconductor companies -- to go along for the ride.

During Apple's (AAPL) earnings call Jan. 28, CEO Tim Cook cited "double-digit growth" in several developed and emerging markets. B. Riley analyst Craig Ellis called the results "an incremental plus" for Skyworks Solutions (SWKS) in a note to clients Jan. 29. He rates Skyworks a "buy," with a $150 price target. That would make for a 25% gain from Skyworks' closing price of $119.79 on Jan. 28. Ellis mentioned other major chip suppliers to Apple, which are listed below.

Here's a two-year chart showing the total return (with dividends reinvested) for Apple, Skyworks Solutions, the iShares PHLX Semiconductor ETF (SOXX) (which tracks the PHLX Semiconductor Index ) and the S&P 500 :

All saw tremendous pullbacks during the fourth quarter of 2018, but Apple led the subsequent charge forward. The semiconductor stocks have also pushed ahead, doubling the performance of the S&P 500, but trailing far behind Apple.

Apple is critically important to Skyworks, which said its semiconductor sales to the world's largest company (by market capitalization) made up more than 10% of net revenue for each of the past two full fiscal years.

Apple reported record earnings and sales (http://www.marketwatch.com/story/apple-stock-gains-after-record-earnings-upbeat-forecast-2020-01-28) for its fiscal first quarter, with analysts waxing poetic about what could only be called a blowout (http://www.marketwatch.com/story/analysts-divided-on-how-much-further-apple-shares-can-climb-after-blowout-results-2020-01-29), compared with consensus estimate.

Jeremy Owens:Apple's iPhone didn't need 5G for a mind-boggling rebound (http://www.marketwatch.com/story/apples-iphone-didnt-need-5g-for-a-mind-boggling-rebound-2020-01-28)

Skyworks reported an 8% decline in revenue for its fiscal first quarter ended Dec. 27, but also said revenue was up 8% from the previous quarter. Earnings-per-share of $1.50 for the first fiscal quarter were down from $1.60 a year earlier, but were up from $1.22 the previous quarter.

Apple's stellar performance

Here are year-over-year comparisons for Apple's sales and earnings for the past six reported quarters:

First, sales:

Fiscal Q1, 2020 Fiscal Q4, 2019 Fiscal Q3, 2019 Fiscal Q2, 2019 Fiscal Q1, 2019 Fiscal Q4, 2018 Fiscal Q3, 2018 Fiscal Q2, 2018

8.8% 2.0% 0.6% -5.4% -4.6% 19.2% 18.0% 14.9%

Source: FactSet

And now earnings per share:

Fiscal Q1, 2020 Fiscal Q4, 2019 Fiscal Q3, 2019 Fiscal Q2, 2019 Fiscal Q1, 2019 Fiscal Q4, 2018 Fiscal Q3, 2018 Fiscal Q2, 2018

19.3% 4.0% -6.7% -9.9% 53.2% 6.6% -14.3% 0.0%

Source: FactSet

So you can see how important Apple's earnings report was on Jan. 28. Now the question is whether the good news is baked in. There may be plenty of additional improvement in growth numbers ahead, as the first-quarter total increase in sales was still a far cry from what went on in fiscal 2018. Analysts' opinions vary (http://www.marketwatch.com/story/analysts-divided-on-how-much-further-apple-shares-can-climb-after-blowout-results-2020-01-29), with Apple's shares more than doubling over the past year through Jan. 28, with its forward price-to-earnings ratio increasing to 25.1 from 13.1 a year earlier.

On its long upward climb, Apple has shown a repeated pattern of sharp pullbacks before heading up again, meaning long-term investors need to remain patient. Here's a 10-year price chart:

The Apple chip gang

In addition to Skyworks, Ellis said the good news from Apple "augurs well" for other "wireless players," including Broadcom (AVGO) and Qorvo (QRVO), as well as "memory makers," such as Micron Technology (MU), Lam Research (LRCX), Applied Materials (AMAT) and Ichor Holdings (ICHR).

He wrote that the "positivity could extend to volume-dependent back-end players," including Cohu (COHU), Kulicke and Soffa Industries (KLIC) and Onto Innovation (ONTO).

Here's a summary of ratings and price targets for all the semiconductor stock names in this article, among analysts polled by FactSet:

Company Ticker Share 'buy' ratings Share neutral ratings Share 'sell' ratings Closing price - Jan. 28 Consensus price target Implied 12-month upside potential

Skyworks Solutions Inc. US:SWKS 52% 41% 7% $119.79 $130.50 9%

Broadcom Inc. US:AVGO 65% 35% 0% $318.31 $355.97 12%

Qorvo Inc. US:QRVO 52% 44% 4% $113.56 $109.67 -3%

Micron Technology Inc. US:MU 74% 14% 12% $56.47 $65.58 16%

Lam Research Corp. US:LRCX 58% 34% 8% $301.69 $293.77 -3%

Applied Materials Inc. US:AMAT 79% 17% 4% $60.19 $68.73 14%

Ichor Holdings Ltd. US:ICHR 75% 25% 0% $35.65 $39.13 10%

Cohu Inc. US:COHU 100% 0% 0% $24.15 $27.20 13%

Kulicke & Soffa Industries Inc. US:KLIC 75% 25% 0% $28.27 $29.25 3%

Onto Innovation Inc. US:ONTO 100% 0% 0% $38.63 $43.00 11%

Source: FactSet

You can click on the tickers for more about each company.

Don't miss:This money manager says growth stocks are still your best play, and he has the math to back it up (http://www.marketwatch.com/story/this-money-manager-says-growth-stocks-are-still-your-best-play-and-he-has-the-math-to-back-it-up-2020-01-23)

Create an email alert for Philip van Doorn's Deep Dive columns here (http://www.marketwatch.com/tools/alerts/newsColumn.asp).

-Philip van Doorn; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 01, 2020 13:21 ET (18:21 GMT)

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