Tag: Motley Fool

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has rebounded strongly from intraday lows but remains in the red. At the time of writing, the benchmark index is down 0.6% to 6,720.9 points.

Four ASX shares that are not letting that hold them back today are listed below. Here’s why they are charging higher:

Liontown Resources Limited (ASX: LTR)

The Liontown share price is up 4% to $1.11. This morning this lithium developer announced offtake and funding agreements with auto giant Ford. In light of these developments, the Liontown board has given its approval to the development of the Kathleen Valley Lithium Project.

Metcash Limited (ASX: MTS)

The Metcash share price is up almost 3% to $4.30. This may have been driven by solid Australian retail sales data. In addition, this week a number of brokers responded positively to the company’s full year results release. UBS, for example, has put a buy rating and $5.00 price target on the company’s shares.

Star Entertainment Group Ltd (ASX: SGR)

The Star share price is up 3% to $2.79. This morning the casino and resorts operator named its new CEO. According to the release, Robbie Cooke will join the company after serving his notice period at payments company Tyro Payments Ltd (ASX: TYR). Prior to leading Tyro, Cooke was in charge of the lotteries, wagering, and gaming operations for Tatts Group.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 6.5% to $2.29. This morning the semiconductor company announced that it has released its demonstration chips to SkyWater’s production fab. Management believes that this marks a significant milestone towards commercialisation into the semiconductor market. It also revealed that it is in discussions with early-adopter customers looking to leverage its faster memory technology to increase their competitiveness in the market.

The post Why Liontown, Metcash, Star, and Weebit Nano shares are charging higher appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• 3 ASX All Ords shares dodging selling pressure on Wednesday
• Why is the Weebit Nano share price charging 5% higher today?
• ASX 200 midday update: Carsales sinks, Liontown jumps on Ford agreements
• Liontown share price jumps 17% following ‘momentous milestone’

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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With earnings season just over a month away, some investors might be considering which ASX dividend shares to buy or load up on following recent share price weakness.

ASX 200 mining shares have been major dividend payers in recent years. The big three are BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), and Fortescue Metals Group Limited (ASX: FMG).

For investors wanting to cash in on the commodities boom (and the profits made by the big miners), there’s still time to open a position or add to existing holdings before the next round of dividends.

BHP will release its full-year results and declare its final dividend payment on 16 August. Fortescue will do it on 29 August.

Rio reports on a different cycle. It will present its half-year results and declare its interim dividend on 27 July. It doesn’t report its full-year results for FY22 until February 2023.

Here are some predictions from a few top brokers on the dividend yields likely to be paid out for FY22 by the big ASX 200 mining shares.

The BHP dividend for FY22

‘The Big Australian’ has long been a stalwart stock for retiree investors. BHP’s usually generous and reliable dividends have delivered a solid annual income to retirees and other investors for decades.

My Fool colleague James reported new predictions for the FY22 BHP dividend last week.

Goldman Sachs is forecasting a US$3.50 (AU$5.07) per share fully-franked dividend in FY22. Based on the current BHP share price of $42.64 and the currency valuation, that’s a grossed-up yield of 17%.

Yep, no kidding.

Macquarie is on the same page as Goldman. In May, we reported that Macquarie expects BHP to pay a grossed-up dividend yield of 16.6% in FY22. At that time, BHP was trading at almost the same price as it is today.

The Rio Tinto dividend for FY22

James also reported this week that Goldman Sachs is tipping big dividends from Rio Tinto.

The broker is expecting an FY22 dividend of US$8.70 (AU$12.60) per share with 100% franking. Based on the Rio Tinto share price of $106.23 at the time of writing, that’s a grossed-up dividend yield of 17%.

Macquarie’s estimates are close at 16.3% — but remember, that was in May when Rio was trading about $4.50 higher. Either way, an impressive yield.

The Fortescue dividend for FY22

Macquarie forecasts a grossed-up dividend yield of 14% in FY22 from Fortescue. On the day we reported this prediction, the Fortescue share price closed at $19.92. Today, it’s lower at $18.35.

Weaker ASX 200 mining share prices mean boosted yields

June hasn’t been a great month for the S&P/ASX 200 Index (ASX: XJO). It’s down 7.3% since the close on 31 May. During this time, the S&P/ASX 200 Resources Index (ASX: XJR) has also dipped 7.8%.

When share prices fall, dividend yields go up. That’s because the dividend yield is expressed as a percentage of the share price.

While you have to be mindful of value traps, short-term drops in share prices due to general negative market sentiment can present a great opportunity. You can buy the dip and snap up reliable dividend-paying ASX shares for a lower price — and a higher yield — than usual.

During June, the BHP share price has dipped 4.5% and the Rio Tinto share price has dropped 7.2%.

The Fortescue share price has also fallen by X%.

The post Which ASX 200 mining share offers the best dividend yield for FY22? appeared first on The Motley Fool Australia.

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More reading

• Own BHP shares? Here’s how the ASX 200 miner plans to slash emissions
• How does the Fortescue dividend compare with its peers over the last 5 years?
• Why the BHP share price looks poised for a short-term boost: expert
• Here’s the Rio Tinto dividend forecast through to 2024
• Is the Fortescue share price really the cheapest ASX 200 materials share on the market?

Motley Fool contributor Bronwyn Allen has positions in BHP Billiton Limited, Fortescue Metals Group Limited, and Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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When it comes to choosing exchange-traded funds (ETFs) on the ASX, dividend investors don’t often look to the Vanguard MSCI Index International Shares ETF (ASX: VGS). Why check out VGS when there is a bevvy of income-focused ETFs on the ASX? Not to mention the uber-popular and income-heavy Vanguard Australian Shares Index ETF (ASX: VAS)…

But VGS holds shares that do pay dividends, even if they’re not ASX shares. And ETFs that hold dividend-paying shares usually pay dividends too. So let’s check out how the Vanguard MSCI Index ETF goes in the income department.

So if you weren’t aware, the Vanguard MSCI Index ETF is an extremely broad fund. It covers more than 20 advanced economies and holds close to 1,500 individual shares within it (as of 31 May). Those advanced economies include countries like Japan, the United Kingdom, Canada, France and Hong Kong.

Saying that, it is heavily skewed to the United States, which holds more than 70% of the ETF’s total weighting. It’s US tech shares that dominate VGS’s major holdings too.

Although this ETF has close to 1,500 individual shares, its largest five holdings make up almost 15% of the entire ETF. Those are Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), Amazon.com Inc (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA).

What about the Vanguard MSCI Index ETF’s dividends?

But let’s get to the dividends. So many of VGS’s holdings (including Apple and Microsoft) pay dividends to their shareholders. These VGS passes on to its own investors every three months.

Over the past year, the Vanguard MSCI Index ETF’s four quarterly dividend distributions came to a total of roughly $1.99 in distributions per unit. With the current VGS unit price of $89.53, this gives the Vanguard MSCI Index ETF a trailing dividend distribution yield of 2.23%.

That might not be as high as some of the ASX-based ETFs, including VAS, offer their investors today. But it’s certainly not a yield to turn one’s nose up at.

The Vanguard MSCI Index International Shares ETF has returned an average of 10.65% per annum over the past five years (including those dividend distributions). It charges a management fee of 0.18% per annum.

The post What dividend yield is the Vanguard MSCI Index ETF offering to ASX investors? appeared first on The Motley Fool Australia.

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More reading

• What do you get when you invest in the VGS ETF?
• 3 popular ETFs for ASX investors to buy now
• 3 ASX ETFs for investors to buy next week
• Waiting to start investing in ASX shares? Today could be a brilliant time to do it
• Why now could be a good time to invest in Vanguard Msci Index International Shares ETF

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Sebastian Bowen has positions in Alphabet (A shares), Amazon, Apple, Microsoft, and Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Microsoft, Tesla, and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The National Australia Bank Ltd (ASX: NAB) share price is outperforming the broader market on Wednesday despite the S&P/ASX 200 Index (ASX: XJO)’s giant’s silence.

It’s not alone in the green, however. Three of the ‘big four’ banks are also dodging today’s market downturn.

At the time of writing, the NAB share price is $28.01, 0.79% higher than its previous close.

For context, the ASX 200 is currently down 0.78% while the S&P/ASX 200 Financials Index (ASX: XFJ) is up 0.26%.

Let’s take a closer look at what might be going on with NAB and its peers on Wednesday.

NAB share price outperforms on Wednesday

The NAB share price is rising today as the bank’s home sector outperforms.

The financial sector is the market’s second-best performer today, behind only the S&P/ASX 200 Energy Index (ASX: XEJ) and its 0.75% gain.

ASX 200 financial stocks are currently led by the Insurance Australia Group Ltd (ASX: IAG) share price. It’s up 1.72% right now.

Meanwhile, the NAB share price is joined in green by those of Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Westpac Banking Corp (ASX: WBC). They’re currently up 0.83% and 0.81% respectively.

Meanwhile, the Commonwealth Bank of Australia (ASX: CBA) share price is down 0.49%.

And while there’s been nothing but silence from the banking giants today, competition in the industry is about to lessen.

Neobank Volt has announced it’s shutting shop due to funding issues. It will soon close customers’ accounts, return all funds to depositors, and hand in its banking licence.

“Following the pandemic and the current challenging global economic climate we were unable to secure the funding needed to continue,” Volt’s website reads.

Today’s gains haven’t been enough to return NAB share price to the year-to-date green. It has slipped nearly 3% since the start of 2022.

Both the ASX 200 and the financial sector have fallen around 12% this year.

The post In the green: Why the NAB share price is rising on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Here are 3 ASX financial shares going ex-dividend this week
• How did the Coles share price stay positive in June while the ASX 200 slumped?
• Why is the Xero share price slipping 6% today?
• Hazer shares climb 8% amid CEO appointment
• ASX 200 midday update: Carsales sinks, Liontown jumps on Ford agreements

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Insurance Australia Group Limited. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Megaport Ltd (ASX: MP1) share price is in the red by 5% right now. It has lost some of the ground it had recovered over the past week.

Megaport isn’t the only one that’s down. The S&P/ASX 200 Index (ASX: XJO) is currently down by 1.1%. Ouch. But, Megaport shares are indeed down harder.

The S&P/ASX All Technology Index (ASX: XTX) is down a lot further than the broad index. It has fallen 3.75%. Examples include the Xero Limited (ASX: XRO) share price being down 5.6% and the REA Group Limited (ASX: REA) share price being down 3.5%.

Internationally, the US tech share sector suffered a bit of a sell-off overnight. ASX tech shares often follow on from any strong movements in the US tech sector.

Is Megaport a takeover target?

After a heavy decline in the Megaport share price, there is speculation that the cloud connections infrastructure business may be a takeover target.

According to reporting by the Australian Financial Review, Megaport has been talking with investment banks about possible takeover “appetite”.

AFR sources said that Megaport could choose one of the investment banks to lead its takeover defence, but this could also lead to generating some takeover interest.

There are reportedly a number of different types of potential buyers including private equity firms, infrastructure funds and global trade players that could be looking at the Australian market for opportunities.

The Megaport share price has been hit particularly hard – it’s down around 70% in 2022. This means it’s now a lot cheaper than it was at the start of the year.

The AFR noted that “analysts reckon Megaport’s likely to be receiving some attention from tyrekickers, attracted to its unique software.”

Brokers are still largely bullish on the company’s prospects.

Current price targets on the Megaport share price

Citi was one of the latest brokers to confirm a bullish price target (from the current level). Citi’s price target – which is where it thinks the share price will be in 12 months – is $12.30, which would be a rise of around 120%.

The UBS price target is $19.70. That implies a whopping potential rise of around 250%. It likes the longer-term outlook, including the tailwind of more businesses going online with their computing infrastructure.

Morgans has a price target of $10.65, which implies a rise of around 90%, though the actual rating was hold.

Ord Minnett thinks the business is close to fair value, with a price target of $5.50. It thinks the business needs to focus on revenue growth and costs.

Latest update

Business updates can have a material impact on the Megaport share price.

In the FY22 third quarter, Megaport saw revenue of $27.9 million, an increase of 5% quarter on quarter. It ended the quarter with 2,541 customers, an increase of 4% quarter on year. Its total port numbers increased by 6% quarter on quarter.

Monthly recurring revenue (MRR) increased by 3% quarter on quarter to $9.5 million.

The post Megaport share price slumps 5% despite takeover speculation appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Wednesday
• Analysts say these ASX growth shares have huge upside potential
• Why are ASX tech shares struggling today?
• 3 high-quality ASX 200 shares trading at 52-week lows right now
• Down 33% in a month, is the Megaport share price in ‘value’ territory?

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended MEGAPORT FPO and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended MEGAPORT FPO and REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been a big week for some of the ASX’s dividend investors. I’m not talking about the S&P/ASX 200 Index (ASX: XJO)’s painful 1.1% drop so far today. But rather, how many ASX shares are going ex-dividend this week.

We’ve already discussed Transurban Group (ASX: TCL)’s upcoming dividend, as well as Rural Funds Group (ASX: RFF)’s ex-dividend gyrations this Wednesday. But here are three more ASX 200 shares that are going ex-div this week.

3 ASX 200 shares trading ex-dividend this week

Magellan Global Fund (ASX: MGF)

Magellan Global Fund is the flagship investment fund of Magellan Financial Group Ltd (ASX: MFG). It aims to achieve a net return of 9% per annum by investing in “20 to 40 of the world’s best global stocks“. Magellan Global Fund pays out a dividend distribution twice a year.

Its latest payment will be worth 3.66 cents per share, unfranked, and will be doled out on 21 July. The fund will trade ex-dividend for this payment on Friday, 1 July. So don’t be surprised if we see a drop in the Magellan Global Fund’s share price at week’s end. At current pricing, Magellan Global units have a dividend yield of 5.55%

Regal Investment Fund (ASX: RF1)

Another ASX investment fund in Regal Investment Fund is next up. Regal focuses on alternative investments with little correlation to the broader markets. It uses techniques such as short selling and hedge fund investing to achieve outperformance. Regal also pays a dividend twice annually.

Its latest payment will be the final and unfranked dividend of 24.5 cents per share that investors will receive on 22 August. Regal shares will trade ex-dividend for this payment tomorrow (30 June). That will give Regal Investment Fund units a yield of 10.61% on current prices.

Liberty Financial Group Ltd (ASX: LFG)

Liberty Financial Group is our final share to check out. This ASX financial share is a provider of home loans, business loans and other financial products. Liberty Financial shares have gone ex-dividend today for the company’s upcoming final dividend payment.

This will be worth 28 cents per share, unfranked, and will be paid out on 31 August. As one would expect with an ex-dividend date, Liberty shares have dropped by a hefty 6.51% today to $4.02 a share at the time of writing. This gives Liberty Finacial shares a dividend yield of 12.19% right now.

The post Here are 3 ASX financial shares going ex-dividend this week appeared first on The Motley Fool Australia.

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More reading

• How did the Coles share price stay positive in June while the ASX 200 slumped?
• Why is the Xero share price slipping 6% today?
• Hazer shares climb 8% amid CEO appointment
• ASX 200 midday update: Carsales sinks, Liontown jumps on Ford agreements
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended RURALFUNDS STAPLED. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s a rough day on the ASX for many listed companies, but these All Ordinaries Index (ASX: XAO) shares are dodging the downturn.

There’re lifting as much as 4% on Wednesday. Let’s take a closer look at what’s buoying them in today’s sea of red.

Right now, the All Ords is down 1.27%.

3 ASX All Ords shares recording decent gains today

Liontown Resources Limited (ASX: LTR)

The share price of ASX All Ords lithium explorer and developer Liontown Resources is taking off on Wednesday. It’s gaining 3.76% at the time of writing to trade at $1.11.

Its gains come as the company announced it has approved the development of the Kathleen Valley lithium project following another major offtake agreement.

The latest offtake agreement has been penned with Ford. It will see the lithium company providing the automaker with up to 150,000 dry metric tonnes of spodumene concentrate annually.

The two companies have also shaken on a $300 million debt facility to go towards the project’s development.

Weebit Nano Ltd (ASX: WBT)

Fellow All Ords share Weebit Nano is also in the green today. It’s trading at $2.24, 4.19% higher than its previous close.

It follows news that the company has taped-out demonstration chips integrating its Resistive Random-Access Memory (ReRAM) module to SkyWater Technology’s foundry.

The company notes the agreement is a major milestone toward commercialisation, marking the first tape-out of Weebit’s ReRAM technology to a production fab.

Star Entertainment Group Ltd (ASX: SGR)

Finally, the share price of ASX All Ords stock Star Entertainment is surging 3.32% higher to reach $2.80. The gain comes on news that the company has found a new CEO.

And it’s none other than the current boss of Tyro Payments Ltd (ASX: TYR), Robbie Cooke.

Cooke previously held the CEO role at wagering business Tatts Group and tourism giant Wotif.com – both of which were previously ASX-listed.

Star Entertainment interim chair Ben Heap commented on Cooke’s suitability for the role, saying:

Given The Star’s significant investments to develop world-class tourism and entertainment destinations in South East Queensland and Sydney, the company will benefit significantly from both [Cooke’s] understanding of the industry’s regulatory environment and extensive insights and experience across the hotel and broader hospitality sector.

The post 3 ASX All Ords shares dodging selling pressure on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Why is the Weebit Nano share price charging 5% higher today?
• These 3 ASX All Ordinaries shares are hitting new 52-week lows today
• ASX 200 midday update: Carsales sinks, Liontown jumps on Ford agreements
• Liontown share price jumps 17% following ‘momentous milestone’
• Tyro share price sinks 20% to new record low, what’s going on?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The market may be having a tough day but the same cannot be said for the Australia and New Zealand Banking Group Ltd (ASX: ANZ) share price.

In afternoon trade, the banking giant’s shares are up over 1% to $22.66.

This compares favourably to a 1.1% decline by the ASX 200 index.

Why is the ANZ share price outperforming?

Firstly, the ANZ share price isn’t alone in its outperformance on Wednesday.

Fellow big four banks National Australia Bank Ltd (ASX: NAB) and Westpac Banking Corp (ASX: WBC), as well as regionals Bank of Queensland Limited (ASX: BOQ) and Bendigo and Adelaide Bank Ltd (ASX: BEN) are also pushing higher today.

The Commonwealth Bank of Australia (ASX: CBA) share price is the exception with a 1% decline at the time of writing.

What’s going on?

With no announcements out of these banks, today’s gains could be due to news that a neobank is shutting down operations.

This morning Volt Bank revealed that it is closing its deposit taking business and intends to return its banking licence.

There had been fears that neobanks could take market share away from the big banks, so this could be interpreted as a positive for them.

Volt explained that it was unable to secure funding to keep operating. It commented:

With regret, we are announcing that Volt will be closing its deposit-taking business and intends to return its banking licence. Following the pandemic and the current challenging global economic climate we were unable to secure the funding needed to continue. Our priority now is to ensure account holder funds are returned to account holders as soon as possible.

The post Why is the ANZ share price outperforming the ASX 200 today? appeared first on The Motley Fool Australia.

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More reading

• Westpac share price inches ahead despite broker cutting its price target by 16%
• Analysts name 2 ASX dividend shares to buy today
• How much has Westpac paid in dividends in the past 5 years?
• CBA share price leads the big four as banks outperform ASX 200 on Monday
• Here are the details about the Westpac dividend being paid today

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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In a sea of red across the ASX, the Weebit Nano Ltd (ASX: WBT) share price is powering ahead today.

This comes after the semiconductor company announced an exciting development.

At the time of writing, Weebit Nano shares are up 5.12% to $2.26.

In contrast, the S&P/ASX 200 Index (ASX: XJO) is down 1.23% to 6,680.6 points following heavy falls on Wall Street overnight.

Let’s take a look at why shares in the next generation computer memory technology are defying the ASX sell-off today.

What’s driving Weebit Nano shares higher?

Following the company’s latest announcement, investors are fighting to get a hold of Weebit Nano shares.

According to the update, the company advised it has released its demonstration chips to the SkyWater’s production fab.

Based in the United States, SkyWater is a pure-play silicon foundry that specialises in advanced engineering and manufacturing services.

The demonstration chips are embedded with Weebit Nano’s Resistive Random-Access Memory (ReRAM) technology.

ReRAM is over 1000 times faster and uses 1000 times less power than traditional storage options like flash.

Notably, this is the first time the company transferred its ReRAM technology to an outside party for testing and prototyping.

Weebit Nano stated that this marks a significant milestone towards commercialisation into the semiconductor market.

Due to the technology’s ultra-low power consumption and ability to integrate easily, this has sparked interest among SkyWater’s customers.

In particular, this would be well suited for analogue, power management, automotive, Internet of Things (IoT), and medical applications.

Weebit Nano CEO, Coby Hanoch commented:

We’ve developed a close and efficient partnership with SkyWater, enabling us to meet our milestones, and bringing us ever closer to volume production. This successful tape- out concludes the technology transfer to SkyWater’s US production fab, and once the chips are back from the fab, we will proceed with technology qualification.

We’re in discussions with early-adopter customers looking to leverage our faster, more efficient memory technology to increase their competitiveness in the market.

Weebit Nano share price snapshot

A volatile 2022 has led the Weebit Nano share price to sink 20% for the period.

However, when looking at the past 12 months, its shares are up 30%.

Based on today’s price, Weebit Nano presides a market capitalisation of approximately $380.79 million.

The post Why is the Weebit Nano share price charging 5% higher today? appeared first on The Motley Fool Australia.

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More reading

• Why GrainCorp, PointsBet, Weebit Nano, and Westpac shares are racing higher
• 3 ASX All Ordinaries shares going great guns on Tuesday
• Here’s why the Weebit Nano share price is rocketing 19% today
• Weebit Nano share price rockets 7% today. Here’s why
• 3 ASX All Ordinaries shares defying the sell-off to surge higher

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Vulcan Energy Resources Ltd (ASX: VUL) share price has taken a tumble on Wednesday.

In afternoon trade, the lithium developer’s shares are down 8% to $5.43.

Why is the Vulcan share price tumbling?

Investors have been selling Vulcan shares on Wednesday amid broad market weakness following a poor night of trade on Wall Street.

For example, at the time of writing, the ASX 200 index is down a disappointing 1.1%.

Higher risk shares, such as lithium shares, have been hit harder than most today. This appears to have been driven by investors lowering their risk appetite following a resurgence in recession fears after weaker than expected consumer confidence data in the US.

It isn’t just Vulcan that is taking a tumble today in the lithium industry. Here’s a summary of how some of its peers are performing:

• The Core Lithium Ltd (ASX: CXO) share price is down 5%
• The Lake Resources N.L. (ASX: LKE) share price is down 3.5%
• The Piedmont Lithium Inc (ASX: PLL) share price is down 6%
• The Sayona Mining Ltd (ASX: SYA) share price is down 8%

Following today’s decline, the Vulcan share price has now lost 50% of its value since the start of the year.

The post Down 8%, why is the Vulcan Energy share price burning away today? appeared first on The Motley Fool Australia.

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More reading

• How is the Vulcan share price performing against its sector this month?
• 3 ASX All Ordinaries shares going gangbusters on Friday
• Why Betmakers, Block, Lake Resources, and Vulcan shares are racing higher
• ASX 200 midday update: Qantas’ market update, lithium shares rebound
• Vulcan share price rockets 25% on Stellantis deal

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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