|Bid||245.00 x 1100|
|Ask||253.00 x 900|
|Day's Range||245.18 - 248.77|
|52 Week Range||197.46 - 285.68|
|PE Ratio (TTM)||8.93|
|Earnings Date||Dec 3, 2018 - Dec 13, 2018|
|Forward Dividend & Yield||7.00 (2.96%)|
|1y Target Est||289.35|
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Alexis Christoforous to break down the latest market moves.
Apple Inc's latest iPhones hit stores around the world on Friday, featuring components made by Intel Corp and Toshiba among others, according to two firms that cracked open the iPhone Xs and Xs Max models. The studies by repair firm iFixit and chip analysis firm TechInsights, published this week, are among the first detailed teardowns of the phones, which reviews suggested were a subtle upgrade from the tenth anniversary iPhone X. Supplying parts for Apple's iPhones is considered a coup for chipmakers and other manufacturers.
Semiconductors and dividends used to go together about as well as booster rockets and baby strollers, but that’s changing. Broadcom marks the debut of Barron’s Picks, selections by our experienced stockpickers that appear Wednesday mornings on Barrons.com. If Broadcom rebounds to its historical 13 times earnings, lifted by a $19 billion acquisition of (CA) shareholders may make 20% or more in the coming year.
Apple (AAPL) made several changes to its iPhone suppliers in 2018. It completely ditched its long-term modem supplier Qualcomm for Intel (INTC) due to licensing disputes with the former. Apple also selected alternate suppliers for displays and PAD filters for its cheaper variant iPhone XR. The handset maker selected these suppliers to get a better price and ensure supply.
Apple (AAPL) launched its most expensive iPhones to date with the premium iPhone XS Max reaching $1,449 plus tax. Citing industry sources, DigiTimes stated that lower-than-expected sales of the iPhone XS and iPhone XS Max due to high prices could significantly impact the fourth-quarter earnings of Apple’s iPhone assembly partners Foxconn Electronics and Pegatron.
Broadcom (AVGO) generally pays out 50% of the previous fiscal year’s free cash flow to its stockholders in cash dividends. The remaining balance of the company’s free cash flow is intended for share repurchases and future acquisitions. Broadcom initiated a $12 billion share buyback plan in April to compensate shareholders for its failed Qualcomm (QCOM) merger.
SAN JOSE, Calif., Sept. 20, 2018-- Broadcom Inc., a leading designer, developer and global supplier of a broad range of digital and analog semiconductor connectivity solutions, today announced that it ...
In the latest trading session, Broadcom Inc. (AVGO) closed at $241.79, marking a +0.84% move from the previous day.
Patient investors in Broadcom should be rewarded with higher dividends and stock buybacks. Read more in Barron’s Picks.
Chipmaker Broadcom Inc. (AVGO) has been proving the bears wrong. Rallying on the semiconductor industry's recent optimism, Broadcom is one play that stands to benefit from greater consumer technology adoption. Increased cloud computing expenditures are boosting chipmakers as companies like Alphabet Inc. (GOOGL) (GOOG) and Amazon.com Inc. (AMZN) continue to ramp up their data center spending.
Qualcomm has been forced to defend its track record this year after upsetting some investors by rebuffing a $120 billion takeover bid from rival Broadcom Inc, failing to secure Chinese regulatory approval for its $44 billion acquisition of NXP Semiconductors NV, and failing to resolve a longstanding patent dispute with Apple Inc. Investors expressed dissatisfaction with the company last March when most of Qualcomm's board directors, including Chief Executive Steve Mollenkopf, were elected with voting support of less than 50 percent of the shares outstanding even though they were unopposed. Irene Rosenfeld, who stepped down last year as CEO of U.S. snack foods company Mondelez International Inc, and Martin Anstice, CEO of semiconductor equipment manufacturer Lam Research Corp, are in advanced talks to join Qualcomm's board, the sources told Reuters on Tuesday.
Broadcom Corp.'s ( AVGO) stock has risen more than 15% since reaching a low of around $200 in July. The good news is that Broadcom, a major Apple Inc. ( AAPL) iPhone supplier, is poised to rise even higher. Analysts are upping their earnings estimates not only for the balance of this year but also fiscal 2019 and 2020.
Thanks to the mainstream emergence of multiple secular-growth technology trends, the global semiconductor market has been on fire recently. While financial media outlets love to talk about semi-darlings Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Micron (NASDAQ:MU), and other high-flyers, one semi-stock which is often left out of the discussion is Broadcom (NASDAQ:AVGO). Not only have Broadcom’s numbers boomed with the rest of the semiconductor industry over the past five years, but, during that stretch, AVGO stock has rallied more than 500%.
Trade war fears dragged stock futures lower Monday. Broadcom received an upgrade. McDonald's dived as an analyst lowered the stock's price target.
Broadcom Inc (NASDAQ: AVGO )'s second-quarter earnings were so good that one Wall Street analyst said they had no choice but to upgrade the semiconductor company. The Analyst Nomura Instinet analyst Romit ...
Broadcom’s stock has underperformed this year after its unsuccessful takeover of Qualcomm. But one analyst sees growth coming.
Shares of Broadcom Inc. climbed 1.8% in premarket trade Monday, after Instinet analyst Romit Shah turned bullish on the chip company, saying there were "so many positive takeaways from earnings" that he was forced to take a more constructive stance. Shah raised his rating to buy, after cutting it to neutral on May 9, and raised his price target to $300 from $225. Among the specific positive takeaways from Broadcom's latest results, the Computer Associates acquisition is finally starting to make some sense, the company's wireless guidance removes the overhang about weakness in the core franchise and a sizeable dividend increases appears on the horizon. The stock has tumbled 12.5% over the past three months, while the PHLX Semiconductor Index has slipped 3.2% and the S&P 500 has gained 4.5%.
The future growth in semiconductors or processing chips will not be driven by smartphones, but by big data and the Internet of Things (IoT), Toshiki Kawai, the chief executive officer of the Tokyo, Japan-based leading electronics and semiconductor company Tokyo Electron Ltd., told CNBC in an interivew. Over the past few years, smartphones, computers and data centers have been the primary drivers for growth in the semiconductor industry.