I target BRCM to hit 43 based on a very conservative 5% growth. It's way undervalue and concurred by the just published Seek Alpha's article. Don't forget that BRCM is so confident that they has increased the dividend last quarter.
If you believe in undervalued stock, chk out ACTS, its selling below its net cash, returning cash to shareholders by buying back stocks for 3 years, profitable, release quad core chipset for growing tablet and smart phone market. BRCM could buy it out and boost sales without spending a dime.