|Bid||255.10 x 200|
|Ask||256.10 x 200|
|Day's Range||254.41 - 263.60|
|52 Week Range||208.44 - 285.68|
|PE Ratio (TTM)||13.89|
|Earnings Date||May 30, 2018 - Jun 4, 2018|
|Forward Dividend & Yield||7.00 (2.61%)|
|1y Target Est||321.70|
This weekend's Barron's shows why one key analyst has a contrarian view on the direction that health care costs are headed. Other featured articles examine the prospects for pharmaceutical company facing ...
Can Qualcomm break from its past without endangering its future? That should be the key question on the minds of the chipmaker’s board of directors in the wake of its close call with Broadcom.
U.S. intervention to stop Broadcom's hostile pursuit of Qualcomm could set a precedent that leaves shareholders with less protection.
In the 71 years since the transistor was invented, that tiny breakthrough has produced enormous technological accomplishments, far more than William Shockley, one of its inventors, could have ever imagined. The bean-counting analysts who track chip giant Broadcom (AVGO) were almost universally in its corner during its $117 billion hostile bid for Qualcomm (QCOM). Now, Wall Street wants to know what Broadcom will try to buy as plan B. Broadcom CEO Hock Tan said on Thursday that Trump’s rejection hasn’t deterred his thirst for acquisitions.
When AT&T agreed to buy Time Warner in October of 2016, many investors viewed it as a done deal. Time Warner (TWX) shares soared to nearly match AT&T’s offer price of $107.50 a share in cash and stock—no matter that both Donald Trump and Hillary Clinton had expressed reservations about the merger in the final days of the presidential election. Many investors dismissed their talk as bluster.
Qualcomm Inc on Friday said former executive chairman Paul Jacobs would not be renominated for the U.S. semiconductor company's board after Jacobs disclosed his intention to pursue a long-shot acquisition of the firm. The board decision comes just days after U.S. President Donald Trump blocked a $117 billion hostile bid from Singapore-based rival Broadcom Ltd to acquire Qualcomm, citing national security concerns. Jacobs supported Qualcomm's resistance to Broadcom's bid, but he increasingly clashed with other members of the San Diego-based company's board, including Chief Executive Steve Mollenkopf, over how Qualcomm defended itself, according to people familiar with the matter.
Broadcom shares dipped on Friday after the chipmaker pointed to a sharp drop in wireless chip orders from Apple.
The stock gained less than half a percent over the five days of trading, bolstered by weekend M&A rumors.
President Trump blocked Broadcom's bid to buy Qualcomm and moved toward China tariffs. Boeing tumbled as stocks drifted lower. Adobe earnings were hot.
Shares of San Jose-based Broadcom dropped 4.81 percent on Friday, after the company said it would likely see fewer orders from a major, unnamed North American customer, which analysts widely agree is likely Apple. Earlier this week, Broadcom formally abandoned its plans to acquire rival chipmaker Qualcomm for $117 billion, after the deal was blocked by the Trump administration. “Qualcomm was clearly a unique and very large acquisition opportunity,” Broadcom Chief Financial Officer Tom Krause told investors Thursday on a conference call announcing the company’s latest quarterly results, according to Reuters .
For a while, Broadcom’s (AVGO) quest to acquire chip maker Qualcomm (QCOM) was getting more and more complicated by the day. The company said that it would respect President Donald Trump’s order and withdraw its offer to acquire Qualcomm. The Trump administration said that the acquisition represented a security risk for the country.
Overstock.com shares tumble, Broadcom shares lower, and Adobe shares beat on top and bottom lines
Just days ago, President Trump shot down Broadcom’s (AVGO) unsolicited bid for Qualcomm. Shares of Adobe (ADBE) are looking pretty this morning. The company’s CEO credits higher subscription fees and increased use of its entire Creative Cloud Suite for the boost.
CFO Thomas Krause on a conference call with analysts said that he and CEO Hock Tan see potential M&A targets, and would not be held back despite the fact the company had to walk away this week from its hostile bid for Qualcomm (QCOM). There are no ratings changes, that I can see, but price targets are going higher as estimates go higher at many shops.