As one of the largest multinational electronic manufacturers in the world, Foxconn (also known as Hon Hai Industry Co.) offers a variety of consumer electronics, component and computer electronic products. Led by founder, chairman and CEO Terry Gou, the Taiwanese manufacturer also operates in both domestic and overseas markets. With the company having established a global footprint, many investors are looking to claim a share, even in the U.S. where the stock isn’t directly available. If you want further hands-on guidance as you strategize your investments, consider enlisting the help of a financial advisor.
How to Buy Foxconn Stock
When it comes to foreign stocks, you can typically invest either through global depository receipts (GDRs) or American depositary receipts (ADRs). A GDR is a bank certificate that makes shares in a foreign company available to investors in international markets. They’re primarily denominated in either U.S. dollars or euros. Typically, both U.S. and international investors will have access to these depository receipts. The London Stock Exchange is one of the many European exchanges that offers them.
Another approach worth considering is to invest through ADRs. These depository receipts represent an investment in a foreign company’s stock. U.S. depository banks issue them and make them available to investors looking to purchase foreign equity.
If you’re looking to invest directly in Foxconn stock, you’ll be able to do so through two different ways. Some brokerages offer global investing accounts, so you’ll have a range of options to choose from. You may also be able to consult a local brokerage in the country of the company in which you’d like to invest, though this may be more difficult due to language barriers and distance.
Finally, you can also invest through U.S.-registered mutual funds or exchange-traded funds (ETFs). Mutual funds allow you to combine your money with other investors to buy securities in a company. ETFs, however, offer investors a collection of securities. In addition, the securities trade on an exchange and typically contain stocks, bonds or commodities. Both investment options are subject to U.S. regulation, but this ultimately decreases risk for those investing internationally.
Overview of Foxconn
Founded in 1979 and headquartered in New Taipei City, Taiwan, Foxconn develops and sells computers, consumer electronics and metal casings and components. The contract manufacturer also provides machine components for electric vehicles and automobiles, thermal modules, computer enclosures, alloy products, mobile phone and 3C enclosures. Furthermore, Apple, Sony and Dell are just among the many popular companies for which Foxconn builds products for.
| Foxconn Stock Overview |
| Product Offerings | – Metal casings and components
– Consumer electronics & computers
– Machine components and more |
| Brands and Marketing Channels | – Nokia
– Sharp
– APTG
– FLnet
– Yonglin Farm
– Hong Seng
– Belkin
– Linksys
– Wemo
– Phyn |
| Technology and Integration Services | – Fii-Foxconn Industrial Internet
– FIT-Foxconnn Interconnect Technology
– FIH-FIH Mobile Limited |
| Research, Development and Distribution | – Computer components
– Computer thermal module
– Aluminum magnesium cases
– Alloy materials, metal products
– Rail vehicle components
– Electronic components and car accessories |
Foxconn’s Financial Profile
Foxconn is one of the largest multinational contractelectronics manufacturers. The Taiwan-based company has numerous factories established across China, with plans of U.S. expansion in Wisconsin. Having demonstrated strong financials on a consistent basis, both domestic and foreign investors are eager to claim a share. However, it’s also important to note the current share costs and currency conversions before you buy equity.
In U.S. dollars, Foxconn’s stock was roughly $2.30 per share (63.70 NT$) in March 2022. However, investors should also consider the company’s stock performance over a span of time. For instance, in the previous 52 weeks the lowest price the company’s stock traded at was $2.13 (60.00 NT$) on January 26, 2022. The 52-week high, however, was $2.35 (66.20 NT$).
Should You Buy Foxconn Stock?
Before purchasing shares in Foxconn, it’s important to consider the risks of investing in a foreign market. While international stocks provide a great route for portfolio diversification, they also present a certain level of risk. U.S. investors who choose U.S. publicly-traded stocks typically have greater, and more timely, exposure to financial information and news that pertains to their selected companies. Because accurate and timely financial data is important, you’ll have to determine whether you’ll be able to access such information for Foxconn consistently. In addition, it’ll help to pay attention to the country’s politics. This could help you prepare for anything from currency changes, to stock rises and falls.
You should also consider Foxconn from a holistic approach before purchasing equity. In other words, both quantitative and qualitative factors all affect a company’s overall performance. Whether it’s Foxconn’s total revenue, recent acquisitions, management or competition, each factor contributes to the company as a whole. If you’re set on diversifying your portfolio and expanding into a foreign market, Foxconn could be right for you.
Tips to Become a Better Investor
- If you’re new to investing, or you’d simply like expert guidance with your investment portfolio, a financial advisormay be able to help you. SmartAsset’s free tool matches you with up to three financial advisorswho serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
- Are you ready to invest, but not exactly sure how much your investments will generate over time? SmartAsset’s investment calculator can help give you a better idea of the potential return your investments will earn you. All you’ll need is your initial investment amount, the amount of money and the rate at which you’ll contribute, your expected rate of return and the point at which you’ll begin withdrawing money.
Photo credit: ©iStock.com/kynny, Yahoo Finance (3/4/22), ©iStock.com/scyther5
Rickie Houston CEPF® Rickie Houston writes on a variety of personal finance topics for SmartAsset. His expertise includes retirement and banking. Rickie is a Certified Educator in Personal Finance (CEPF®). He graduated from Boston University where he received a bachelor’s degree in journalism. He’s contributed to work published in the Boston Globe and has worked alongside award-winning faculty for the New England Center of Investigative Reporting at Boston University. Rickie also enjoys playing the guitar, traveling abroad and discovering new music. He is originally from Wilmington, North Carolina.
FAQs
The easiest way to invest in Foxconn from the U.S. is generally by buying Hon Hai stock using its OTC-traded ADR. You can trade Hon Hai ADRs and GDRs, as well as ETFs that contain Hon Hai holdings using any reputable online stockbroker that has access to ETF trading and trading in pink sheet stocks.
Is Foxconn listed on Nasdaq? ›
Foxconn Technology Co. Ltd. (FXCOF) Stock Price, Quote, News & History | Nasdaq.
What name does Foxconn trade under? ›
Hon Hai Precision Industry Co., Ltd., trading as Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New Taipei City, Taiwan.
Is Foxconn stock a good buy? ›
Foxconn's stock price currently represents the company's capacity to produce iPhones and other electronics. The explosive growth the company will experience over the next 2-3 years is not priced in, and the company is a solid buy at these levels.
How to buy international stocks in USA? ›
The easiest way to add international stocks to your portfolio is by investing in U.S.-registered mutual funds or exchange-traded funds that track foreign markets. Why U.S.-registered? To avoid potential risks and costs associated with investing in foreign markets (more on that below).
Can a US citizen buy stock in China? ›
Buying stocks directly in a foreign market like India or China is possible, although it might be harder than purchasing domestic shares. Investors can purchase American Depositary Receipts on U.S. exchanges, which are certificates that represent shares in a foreign company. China A-shares are open to foreign investors.
What is Foxconn stock symbol ADR? ›
FXCOF:USOTC US.
Is Hon Hai the same as Foxconn? ›
Hon Hai Precision Industry Co Ltd (Foxconn), trading as Foxconn Technology Group, is an electronics contract manufacturer. The company's product portfolio comprises computer component, communication, and consumer-electronics goods.
Who are the largest shareholders of Foxconn? ›
2022
| YAGEO CORPORATION | 12.20% | 6 885 |
| EOPTOLINK TECHNOLOGY INC., LTD. | 304.61% | 6 839 |
| IPG PHOTONICS CORPORATION | 42.34% | 6 374 |
| NOVANTA INC. | 24.84% | 6 073 |
| HUAGONG TECH COMPANY LIMITED | 150.64% | 5 804 |
17 more rowsIt all centers on Zhengzhou, a city of six million people in an impoverished region of China. Running at full tilt, the factory here, owned and operated by Apple's manufacturing partner Foxconn, can produce 500,000 iPhones a day.
Shares of HNHPF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
What is the parent company of Foxconn? ›
Terry Gou. Terry Gou is the founder and CEO of Foxconn. Born on 18th October 1950, Terry Gou is a Taiwanese billionaire businessman. After graduation, Gou worked with several factories before founding Hon Hai (Foxconn's parent company) in 1974 in Taiwan.
How much is Foxconn worth in dollars? ›
Market cap: $50.95 Billion
As of June 2023 Foxconn (Hon Hai Precision Industry) has a market cap of $50.95 Billion. This makes Foxconn (Hon Hai Precision Industry) the world's 322th most valuable company by market cap according to our data.
Is Foxconn private or public? ›
The company is the largest private employer in Taiwan and one of the largest employers worldwide. Its founder and chairman is Terry Gou. Foxconn manufactures electronic products for major American, Canadian, Chinese, Finnish, and Japanese companies.
What is Foxconn stock predicted to be? ›
Foxconn Technology Co Ltd (2354) Stock Price Prediction, Stock Forecast for next months and years
| Date | Opening price | Maximum price |
|---|
| September 2024 | Open: 12.842 | Max: 16.481 |
| October 2024 | Open: 14.746 | Max: 18.288 |
| November 2024 | Open: 18.180 | Max: 18.180 |
| December 2024 | Open: 16.091 | Max: 21.405 |
43 more rowsIt is possible to buy stocks without a broker. In fact, there are three alternatives to using a full-service broker: opening an online brokerage account, investing in a dividend reinvestment plan, and investing in a direct stock purchase plan. So, the short answer is yes, you can buy stocks without a broker.
Can Americans invest in foreign stocks? ›
Key Takeaways. Investors can access foreign stocks via ADRs, GDRs, direct investing, mutual funds, ETFs, and MNCs. Buying foreign stocks allows investors to diversify their portfolio's risk, in addition to giving them exposure to the growth of other economies.
Can I buy international stocks on Fidelity? ›
9 Investors can trade both domestic and international stocks in one brokerage account. Fidelity international trading is suitable for those who want to go beyond ADRs, global U.S. stocks, and international funds. International investors will find the opportunity to trade in 25 countries.
How to buy overseas stocks? ›
How Do You Buy International Stocks?
- Buy individual stocks directly on international exchanges. ...
- Access international stocks via American Depository Receipts (ADRs). ...
- Invest internationally through ETFs and/or mutual funds.
As an estimate, Chinese securities account for less than 2% of the total portfolio of U.S. investors.
Chinese law prohibits foreign property ownership in most industries. For Chinese companies to raise foreign capital, they must create offshore entities. These are the VIEs, which get around the foreign-ownership laws by remaining under the control of Chinese nationals.
What is the ticker for China biologic products? ›
What is China Biologic Products' stock symbol? China Biologic Products trades on the NASDAQ under the ticker symbol "CBPO."
What is Foxconn debt to equity ratio? ›
Foxconn Technology has a total shareholder equity of NT$102.7B and total debt of NT$7.1B, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are NT$140.5B and NT$37.8B respectively. Foxconn Technology's EBIT is NT$2.6B making its interest coverage ratio -0.9.
How do I know if my stock is an ADR? ›
For example, Honda Motor does not have a foreign suffix yet is also an ADR. That's why the best way to make absolutely certain a stock is an ADR is to look it up on one of the aforementioned ADR sites. Simply key in your ticker or company name in the search field and hit enter.
Does Foxconn have a plant in the US? ›
As of January 2021, three structures have been built in Mount Pleasant, a 120,000-square-foot storage facility (11,000 m2), a 1 million-square-foot building (93,000 m2) (intended for manufacturing but will be used for storage), and a globe-shaped structure which will house a network operations center.
Does Samsung use Foxconn? ›
Foxconn helps manufacture Apple's iPhone and iPad, Samsung's Galaxy phone line, and Sony's PlayStation 4, as well as other devices from many of the world's biggest tech brands.
Does Google use Foxconn? ›
Furthermore, Google is having the giant Foxconn manufacture their next Google Pixel, moving production back to China after just two years in Vietnam. Google announced back in 2020 that Pixel phones will be made in Vietnam but now, choosing Foxconn as the builder of their next phone, will be returning to China.
Who are Foxconn competitors in USA? ›
Foxconn Logistics's competitors include Ports America, CAI International, Tropical, Foss.
Why is Foxconn leaving China? ›
Foxconn, which assembles around 70% of iPhones, has been diversifying production away from China, whose strict COVID restrictions disrupted its biggest iPhone plant last year. The company also seeks to avoid a potential hit to its business from mounting trade tensions between Beijing and Washington.
Why did Apple choose Foxconn? ›
Steve Jobs originally transferred most Apple manufacturing to China because it was the only country in the world with a huge ready-made supply-chain network, and the ability to scale up production almost overnight.
Microsoft is buying the site from the village for $50 million. As part of the agreement, that money will go to Foxconn.
Does Foxconn make Apple chips? ›
Foxconn, the world's largest contract electronics maker, is best known for assembling iPhones and other Apple products, though in recent years it has been expanding into chips to diversify its business.
Is Foxconn moving out of China? ›
We may earn a commission from links on this page. Apple supplier Foxconn announced the creation of a major new factory in Vietnam and a $300 million investment to expand its current operations in the country. The decision comes as Apple attempts to move parts of its manufacturing process out of China.
Is Hon Hai Precision a good stock to buy? ›
Assuming the 90 days horizon and your above-average risk tolerance, our recommendation regarding Hon Hai Precision is 'Buy'.
Is Hon a good dividend stock? ›
During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, HON is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
How to invest directly in Chinese stocks? ›
The easiest way to invest in the whole Chinese stock market is to invest in a broad market index. This can be done at low cost by using ETFs. On the Chinese stock market you'll find 12 indices which are tracked by ETFs. The speciality of China are the three categories of Chinese stocks: A-stocks, B-stocks and H-stocks.
Does Apple still outsource to Foxconn? ›
Apple Inc. manufactures most of its products in China through partners like Foxconn. Apple's decision to outsource its manufacturing has received significant criticism, due to allegations of poor working conditions, long work hours, and other labor rights violations.
How many iPhones are made by Foxconn? ›
On normal days, Foxconn's mega-factory can produce 500,000 iPhones a day — but that has not been the case recently, especially after Apple launched its latest line up of iPhones in September.
Is Foxconn a Fortune 500? ›
Taiwan's Foxconn ranks 22nd in 2021 Fortune Global 500 listing.
How much do Apple pay Foxconn? ›
The iPhone maker's facility in China's southern technology hub was offering rates of 19 to 20 yuan (US$2.76 to US$2.90) per hour this week for smartphone assembly line and component production roles, according to three local hiring agents.
Foxconn, or Hon Hai Technology Group as it is officially known, started off in 1974, making knobs for TVs. Now it is one of the world's most powerful technology companies, with an annual revenue of $200bn (£158.2bn).
How many robots does Foxconn have? ›
Foxconn currently has about 40,000 robots – or Foxbots – working in its factories. The company says it has the capacity to produce 10,000 Foxbots a year.
Can I buy Foxconn stock in the US? ›
The easiest way to invest in Foxconn from the U.S. is generally by buying Hon Hai stock using its OTC-traded ADR. You can trade Hon Hai ADRs and GDRs, as well as ETFs that contain Hon Hai holdings using any reputable online stockbroker that has access to ETF trading and trading in pink sheet stocks.
Does Amazon use Foxconn? ›
Amazon agreed a deal with Foxconn in 2017 to add 15 new production lines to the factory and hire thousands of new workers to ramp up production of its Echo and Echo Dot devices and Kindle tablets.
What is the issue with Foxconn? ›
Taiwanese tech giant says 'technical error' to blame for pay dispute that saw workers clash with police. Apple supplier Foxconn has apologised to workers after its enormous iPhone manufacturing complex in central China was rocked by violent protests over pay and conditions.
What impact does Foxconn have on Apple? ›
Daniel Ives, Managing Director of Equity Research at Wedbush Securities, told CNN Business that the ongoing Foxconn production problems was an “albatross” for Apple. “Every week of the shutdown and unrest is costing Apple roughly $1bn in lost iPhone sales,” Ives added.
How do I buy pre IPO shares in the US? ›
Use a Specialized Broker
Brokers and financial advisors often take part in pre-IPO trades. They may have acquired stocks that they are willing to sell or represent sellers who seek buyers. You can ask your current broker about pre-IPO stocks or use a broker that specializes in pre-IPO sales.
How do I buy FIG stock? ›
How to buy Figs stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. ...
- Search for the stock name – FIGS. ...
- Buy the stock.
The Wisconn Valley Science & Technology Park was established to provide a site for the Foxconn campus and factory in Mount Pleasant.
Who are the stockholders of Foxconn? ›
2022
| COHERENT CORP. | 39.34% | 7 146 |
| YAGEO CORPORATION | 12.20% | 6 946 |
| IPG PHOTONICS CORPORATION | 41.90% | 6 355 |
| EOPTOLINK TECHNOLOGY INC., LTD. | 304.61% | 6 350 |
| NOVANTA INC. | 23.74% | 6 063 |
17 more rowsBuying directly from promoters
Suppose you want to buy a significant stake in an unlisted company. In that case, you can approach an investment bank, wealth manager, or a trusted broker who can help you buy directly from the company's promoters through private placement.
Can you buy IPO stock before it goes public? ›
If you meet the financial requirements of being an accredited investor, then investing in companies before they go public might be easier than you assumed. The good news, however, is that some individuals can invest in pre-IPO stocks through secondary marketplaces like Forge.
How do I buy shares in an unlisted public company? ›
You can invest in the top unlisted companies in India by investing in start-ups and intermediaries, buying ESOPs directly from employees or promoters, or investing in PMS and AIF schemes that pick up unlisted shares. The risks include illiquidity, capital loss, risk of no dividends, and risk of dilution.
How high will FIGS stock go? ›
Stock Price Forecast
The 11 analysts offering 12-month price forecasts for Figs Inc have a median target of 9.00, with a high estimate of 11.00 and a low estimate of 5.00. The median estimate represents a +15.53% increase from the last price of 7.79.
Is FIGS IPO closing? ›
(FIGS), a direct-to-consumer healthcare apparel and lifestyle brand founded by Heather Hasson and Trina Spear, today announced the closing of its initial public offering of 30,344,317 shares of its Class A common stock, including the full exercise of the underwriters' option to purchase an additional 3,957,954 shares ...
Why is FIGS stock so low? ›
Figs' growth was throttled by inflation over the past year. Its margins were squeezed by promotions and higher freight costs. Its stock could get a lot cheaper if it doesn't stabilize its business.
Who is the largest shareholder of Foxconn? ›
Hongyuan International Investment Co., Ltd.
Is Foxconn public? ›
Foxconn, like any other publicly traded company, is required by law to publish its financial information regularly.
Who is the biggest customer of Foxconn? ›
Apple is Foxconn's biggest customer, with around 50% of the company's revenue generated by manufacturing iPhones, iPads and Macbooks.
