Summit Wireless Technologies Inc
Change company Symbol lookup
Select an option...
WISA Summit Wireless Technologies Inc
JNJ Johnson & Johnson
VIPS Vipshop Holdings Ltd
CAT Caterpillar Inc
AAPL Apple Inc
ESLT Elbit Systems Ltd
AZO Autozone Inc
DITTF Daito Trust Construction Co Ltd
MYO Myomo Inc
CRVS Corvus Pharmaceuticals Inc
Go

*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Information Technology : Semiconductors & Semiconductor Equipment |
Company profile

Summit Wireless Technologies Inc., formerly Summit Semiconductor, Inc. is an early-stage company that develops and sells wireless audio integrated circuits for home entertainment and professional audio markets. The Company develops and provides semiconductors and wireless audio modules to consumer electronics companies, which transmits and receives audio directly to speakers. Its technologies focus on providing wireless, interference free and uncompressed high-definition audio signals. Its subsidiaries include Summit Semiconductor, Inc., Summit Semiconductor K.K., and WiSA, LLC.

Postmarket

Last Trade
Delayed
$2.35
-0.06 (-2.49%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$2.41
Day's Change
-0.22 (-8.37%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
2.54
Day's Low
2.29
Volume
(Average)
Volume:
464,301

10-day average volume:
425,464
464,301

Wells Fargo's stock sinks further after J.P. Morgan reiterates bearish view amid concerns of dividend cut

8:01 am ET May 14, 2020 (MarketWatch)
Print

Shares of Wells Fargo & Co. (WFC) dropped 2.4% in premarket trading Thursday, extending recent losses that have taken them to 11-year lows. J.P. Morgan analyst Vivek Juneja reiterated the underweight rating he's had on the stock for the past two years, writing in a note to clients that "concerns about dividend cuts have weighed on Wells Fargo recently because it has the highest payout ratio among our banks and also because of remarks by [Federal Reserve] Vice Chair [Randal] Quarles." Wells Fargo's stock lost ground in nine of the past 10 sessions, losing 24.9% over that stretch, to close Wednesday ($22.53) at the lowest price since June 22, 2009. At that price, Wells Fargo's dividend yield is 9.05%, compared with the yield for the SPDR Financial Select Sector ETF (XLF) of 2.90% and the implied yield for the S&P 500 of 2.04%, according to FactSet. Regarding speculation by some of a merger between Wells Fargo and Goldman Sachs Group Inc. (GS), Juneja said any bank acquisition by Wells is "banned by law" as the bank already exceeds the 10% deposit market share limit. Wells' stock has tumbled 58.1% year to date through Wednesday, while the financial ETF has shed 32.9%, Goldman's stock has declined 25.3% and the S&P 500 has lost 12.7%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 14, 2020 08:01 ET (12:01 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.