258.45 -0.25 (-0.10%)
After hours: 6:12PM EST
|Bid||257.30 x 500|
|Ask||258.60 x 100|
|Day's Range||255.71 - 260.88|
|52 Week Range||173.31 - 285.68|
|PE Ratio (TTM)||60.64|
|Earnings Date||Feb 27, 2018 - Mar 5, 2018|
|Forward Dividend & Yield||7.00 (2.69%)|
|1y Target Est||312.43|
Apple is on track to forge a new base and buy point, but iPhone-related chip stocks such as Broadcom, Analog Devices and Applied Materials are struggling.
Broadcom (AVGO), whose fiscal 4Q17 (October quarter) earnings were better than expected, recently revealed plans to shift its corporate residence to the United States (SPY) from Singapore.
Zacks.com featured highlights: Ollie's Bargain Outlet, Dollar Tree, Align Technology and Broadcom
In the wake of a proxy filing today by Broadcom (AVGO) that further promotes its intention to buy fellow chip giant Qualcomm (QCOM), William Blair analyst Anil Doradla writes that Broadcom is so far doing a better job of “controlling the narrative” in the war of words between the two. The filing was announced in a press release, in which CEO Hock Tan stated, “our Board and management team are committed to consummating this transaction as soon as possible." The proxy filing by Broadcom reiterates its 11 nominees to Qualcomm’s board. It also seeks to have any bylaws of Qualcomm since July of 2016 voided.
Elliott, which has a stake of about 6 percent in NXP, said NXP was worth $135 per share on an intrinsic standalone basis, compared with Qualcomm's offer of $110 made in October 2016. NXP shares were up 0.6 percent at $116 in morning trading, while Qualcomm's shares were up about 1 percent at $64.87. Elliott, a New York-based hedge fund, said Qualcomm's offer had taken advantage of NXP's depressed stock price last year and has acted as a ceiling on its valuation.
Stocks that are expected to significantly grow their profitability in the future can add meaningful upside to your portfolio. Broadcom and Advanced Accelerator Applications are examples of many high-growth stocksRead More...
Categories: Yahoo FinanceGet free summary analysis Broadcom Ltd. reports financial results for the quarter ended October 31, 2017. We analyze the earnings along side the following peers of Broadcom Ltd. – Analog Devices, Inc., Skyworks Solutions, Inc., STMicroelectronics NV ADR RegS, Qorvo, Inc., Texas Instruments Incorporated, Infineon Technologies AG Sponsored ADR, Oclaro, Inc., Finisar Corporation, International Business ... Read more (Read more...)
If San Jose-based Broadcom forges ahead with its proposed $130 billion buyout of Qualcomm , it’ll likely face public opposition from Google and Microsoft, CNBC reports , citing unnamed sources. Both companies have told Qualcomm executives in private the deal would be bad for them for two reasons: Apple would likely win concessions in its ongoing lawsuit with Qualcomm, which could improve the company’s already generous profit margin on iPhones and iPads, and Broadcom might not invest in 5G chip development at the same pace as an independent Qualcomm, CNBC reports.
SAN JOSE, Calif., Dec. 11, 2017 /PRNewswire/ -- Broadcom Limited (AVGO) ("Broadcom") today announced that it has filed preliminary proxy materials with the Securities and Exchange Commission ("SEC") in connection with its planned solicitation of proxies to elect 11 independent, highly qualified nominees to the Qualcomm Incorporated (QCOM) ("Qualcomm") Board of Directors at Qualcomm's 2018 Annual Meeting of Stockholders, which Qualcomm has announced will be held on March 6, 2018. Broadcom also announced that it has filed a premerger notification under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR") with the U.S. Department of Justice Antitrust Division and the Federal Trade Commission regarding its proposed acquisition of Qualcomm.
Shares of semiconductor maker NXP Semiconductors (NXPI) are up $1.01, or 0.9%, at $116.30, after activist firm Elliott Management, which owns 6% of NXP, released a letter saying the existing offer to buy the company put forward by Qualcomm (QCOM) is too low. The firm said "NXP is worth $135 per share” versus the $110 that had been agreed to from Qualcomm when the deal was announced back in October of last year. According to Elliott, "Qualcomm’s offer of $110 per share is acting as a ceiling” on NXP shares, given other semi stocks have beaten NXP’s share price increase by 25% since the deal was announced.
Rating Action: Moody's Affirms Seven Classes of WFCM 2015- C26. Global Credit Research- 07 Dec 2017. Approximately $750.4 Million of Structured Securities Affected.
Benzinga has featured a look at many investor favorite stocks over the past week. Bullish calls featured the iPhone maker and the yoga apparel leader. Bearish calls included an e-commerce colossus and ...
Broadcom Ltd. shares on Thursday close exactly where they finished on Wednesday, after an initial jump, prompted by a majority of analysts hiking price targets, fizzled out a day after the chipmaker’s ...
Week In Review: Stocks sought direction as Bitcoin's wild ride went into overdrive. CVS is buying Aetna, Broadcom's Qualcomm bid went hostile. First Solar was hot.