Trump Tariffs Roil Semiconductor, Mineral Stocks: Billionaire Dan Loeb's Portfolio Faces Grueling Test
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
New Body Established: President Trump created a new entity within the Commerce Department to oversee the CHIPS and Science Act of 2022, which supports companies like Taiwan Semiconductor Manufacturing Co. Amidst rising tariffs on Chinese imports, the administration has excluded certain technology products from these tariffs.
Hedge Fund Performance: Hedge fund manager Dan Loeb's semiconductor and mineral stocks have seen significant declines year-to-date, with notable drops in shares of NET Power Inc. and Taiwan Semiconductor, while his holdings in Carpenter Technology Corporation increased despite overall market downturns.
Analyst Views on CRS
Wall Street analysts forecast CRS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRS is 389.67 USD with a low forecast of 365.00 USD and a high forecast of 425.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 334.760
Low
365.00
Averages
389.67
High
425.00
Current: 334.760
Low
365.00
Averages
389.67
High
425.00
About CRS
Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company operates in two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment comprises its premium alloy and stainless-steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania and surrounding areas, as well as South Carolina and Alabama. The PEP segment comprises its differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. It provides specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets. The Company operates its own network of service and distribution centers, located in the United States, Canada, Mexico, Europe and Asia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
