I understand that it is the time of the year to start acquiring semiconductor stocks for the year end rally. Does the pattern apply to Broadcomm?. it has been raising and took a pulse, but wireless gear increase and recovery should benefit Broadcomm and causing semiconductor stock to raise significantly. It's forward P/E is only 9 and does it reflect the great increase in sales or there was an acquisition changing the past P/E? .
If I use 1.7 as the free cash flow, it is a 36 dollars stock. It is a bargain to me anyway at current price of 26.09. and the seasonally trade is in favour as well. It;s a 38% up side. With the trend of increase FCF, it can growh the sales to 1.9, then its a 37 dollar stock, Hope the 5G gear will sales fast and will gradually load it up in next two weeks.