Broadcom Limited(AVGO)- NASDAQ
  • Fri, Sep. 16, 1:44 PM
    • While already anticipated, Intel (INTC +2%) components are now confirmed to be installed within certain iPhone 7 configurations. Two Intel RF transceivers, a baseband modem and RF power management ICs are noted.
    • Modems, transceivers and power management ICs provided by Qualcomm (QCOM +0.2% ) are also confirmed to be utilized in other device variations. Qualcomm had historically maintained an exclusive provider position of modem components for previous iPhone iterations.
    • Supplies from Skyworks Solutions (SWKS -1.9%), Cirrus Logic (CRUS -1.8%), Samsung Electronics (OTC:SSNLF), Taiwan Semiconductor Manufacturing Company (TSM -0.7%), NXP Semiconductors (NXPI -2.2%), Broadcom (AVGO -1.3%), Qorvo (QRVO -2.4%), Texas Instruments (TXN -0.5%), Toshiba (OTCPK:TOSBF +4.4%), Lattice Semiconductor,  (LSCC -0.6%), Dialog Semiconductor (OTC:DLGNF), SK Hynix (OTC:HXSCF) and other makers also so far validated.
    | Fri, Sep. 16, 1:44 PM | 30 Comments
  • Thu, Sep. 15, 11:48 AM
    • Analyst Romit Shah maintains a Buy rating while lowering his price target to $180, down from $200 (current price $172.72).
    • Shah: "We don’t disagree that expectations were high going into earnings, but after digging deeper into FQ3 results, we believe earnings were not as strong as investors perceive.”
    • Further attributes projected flat wired infrastructure growth, underwhelming management execution and slow free cash flow growth to the adjustment.
    • Broadcom (AVGO +1.8%) has been trading up throughout the morning, though is still down almost 5% from early-September levels.
    • Q3 report
    | Thu, Sep. 15, 11:48 AM | 5 Comments
  • Tue, Sep. 6, 11:53 AM
    • August monthly performance was: 0%
    • AUM of $8.68B
    • 52-week performance vs. the S&P 500 is: -17%
    • No dividends were paid in August
    • Top 10 Holdings as of 6/30/2016: RELX PLC (OTC:RLXXF): 2.98184%, Sky PLC (OTCQX:BSYBF): 2.94851%, British American Tobacco PLC (OTCPK:BTAFF): 2.66638%, Teva Pharmaceutical Industries Ltd ADR (TEVA): 2.50786%, WPP PLC (OTCPK:WPPGF): 2.36147%, Taiwan Semiconductor Manufacturing Co Ltd (2330): 2.35528%, CGI Group Inc A (GIB): 2.31975%, Roche Holding AG Dividend Right Cert. (OTCPK:RHHVF): 2.27147%, Broadcom Ltd (AVGO): 2.25054%, Deutsche Boerse AG (OTCPK:DBOEF): 2.18513%
    | Tue, Sep. 6, 11:53 AM
  • Thu, Sep. 1, 4:12 PM
    • Broadcom (NASDAQ:AVGO) declares $0.51/share quarterly dividend, 2% increase from prior dividend of $0.50.
    • Forward yield 1.15%
    • Payable Sept. 30; for shareholders of record Sept. 19; ex-div Sept. 15.
    | Thu, Sep. 1, 4:12 PM | 3 Comments
  • Thu, Sep. 1, 4:04 PM
    • Broadcom (NASDAQ:AVGO): FQ3 EPS of $2.89 beats by $0.12.
    • Revenue of $3.79B (+119.1% Y/Y) beats by $30M.
    • Press Release
    | Thu, Sep. 1, 4:04 PM | 7 Comments
  • Wed, Aug. 31, 5:35 PM
    | Wed, Aug. 31, 5:35 PM | 1 Comment
  • Fri, Aug. 19, 11:43 AM
    • The chip sector is hot but no name is hotter than Advanced Micro Devices (AMD +10.9%). The company has been gradually rising since last August and has really hit its stride since returning to Y/Y revenue growth for the first time since 2014 in Q2.
    • The only company remotely in the ballpark of this type of growth is Nvidia (NVDA +0.4%) with a now 170% increase over the last year.
    • Comparably, Intel Corporation (INTC +0.5%) is up slightly over 23%, Micron Technology (MU +3.7%around 2%, Applied Materials (AMAT +6.7%nearly 80%, Analog Devices (ADI +0.4%) around 10%, ARM Holdings (ARMH -0.8%around 56%, Linear Technology (LLTC +0.1%around 46%, NXP Semiconductors (NXPI +1.2%around 2%, Marvell Technology (MRVL +3.9%) slightly over 1%, Qualcomm (QCOM -0.4%around 2.5%, Broadcom (AVGO +0.5%around 26% and Texas Instruments (TXN +0.3%around 43% for the same period.
    • Advanced Micro Devices shares continues to increase following this week's operational-reveal of the company's highly anticipated Zen-core processors.
    | Fri, Aug. 19, 11:43 AM | 120 Comments
  • Thu, Aug. 18, 8:07 AM
    • Broadcom (NASDAQ:AVGO) is nearing a deal to settle a shareholder lawsuit accusing it of underpaying in a takeover of PLX Technology, when predecessor company Avago Technologies bought it in 2014 for $300M.
    • The tentative agreement would see the semiconductor technology company pay $14M to former PLX investors, WSJ reports.
    | Thu, Aug. 18, 8:07 AM
  • Sat, Aug. 6, 11:17 AM
    • Barron's keeps it simple in identifying six stocks with low valuations and attractive payouts.
    • The common link between Amgen (NASDAQ:AMGN), Hanesbrands (NYSE:HBI), Broadcom (NASDAQ:AVGO), Ingersoll-Rand (NYSE:IR), PPG Industries (NYSE:PPG), and Robert Half International (NYSE:RHI) is that they all offer up growing earnings and trade at a discount.
    • Look for a little bounce on Monday for the group after the call-out.
    | Sat, Aug. 6, 11:17 AM | 28 Comments
  • Tue, Jul. 5, 10:18 AM
    • Cirrus Logic (NASDAQ:CRUS) is off 7.4% and Skyworks Solutions (NASDAQ:SWKS) down 5.6% as Pacific Crest downgrades both to Sector Weight amid some disappointing iPhone supply chain forecasts.
    • Qorvo (QRVO -5.5%) and InvenSense (INVN -5.1%) are down as well.
    • Pac Crest has a fair value range of Cirrus Logic of $33-$36 (vs. its previous close of $38.04) and for $60-$67 on Skyworks (vs. previous close of $62.60).
    • It also cut price targets on Analog Devices (ADI -1.7%) to $60 from $62 (7.7% upside); Broadcom (AVGO -2.5%) to $180 from $185 (19.7% upside) and Qualcomm (QCOM -1.3%) to $59 from $61 (12.8% upside).
    • "Our lowered estimates reflect a much more disappointing second-half 2016 iPhone 7 ramp than what we had previously expected, as feedback from Asia indicates units are expected to be down 15% to 20% as compared to the iPhone 6s, as Apple appears to be taking a much more cautious view of the ramp," the analysts wrote.
    | Tue, Jul. 5, 10:18 AM | 6 Comments
  • Fri, Jun. 3, 9:24 AM
    • Broadcom (NASDAQ:AVGO) is up 7% premarket after a solid fiscal Q2 beat on profits, followed by price target raises from analysts across the board.
    • Some of the highest ground was staked out by SunTrust (Buy), which raised its target to $211 from $189, implying 36% upside.
    • Stephen Chin of UBS pointed to wireless sales guidance as well as impressive sales growth in wireline (estimated up 15% sequentially). Supply constraints in wireline may be holding down that segment's guidance, but that's likely due to higher than expected networking demand, he writes. The firm raised its price target to $205 from $190.
    • Meanwhile, Cowen says that the earnings call "reinforced and validated our conviction" of Broadcom as its top pick since a recent initiation. The company's firing on all cylinders and being "very strategic" about divestments while paying down debt to prepare for M&A opportunities, Tim Arcuri says; he's bumped the firm's price target to $200 from $190.
    • Other target hikes: Goldman Sachs (Buy) raised to $185 from $171; Morgan Stanley (Overweight) raised to $191 from $182; Barclays (Overweight) raised to $185 from $170.
    | Fri, Jun. 3, 9:24 AM | 1 Comment
  • Fri, Jun. 3, 9:16 AM
    | Fri, Jun. 3, 9:16 AM | 26 Comments
  • Thu, Jun. 2, 5:35 PM
    • Top gainers, as of 5.25 p.m.: BV +9.3%. AMBA +9.1%. AVGO +6.1%. INVN +5.3%. COO +4.9%
    • Top losers, as of 5.25p.m.: ZUMZ -9.0%. BFK -5.5%. EGO -2.3%. STO -2.3%. TCK -1.7%.
    | Thu, Jun. 2, 5:35 PM | 12 Comments
  • Thu, Jun. 2, 4:31 PM
    • Helping Broadcom (NASDAQ:AVGO) deliver a healthy FQ2 EPS beat in spite of just a slight revenue beat: Non-GAAP gross margin was 60%, down 100 bps Q/Q and Y/Y, but above a guidance midpoint of 59%. FQ3 GM guidance is at 60% (+/- 1%).
    • Wired infrastructure products (optical components, networking/telecom chips, set-top and modem chips) were 58% of revenue, wireless communications (RF components and Wi-Fi/Bluetooth combo chips) was 22%, enterprise storage (storage adapter cards and controller chips) was 15%, and industrial/other 5%. Reported Q/Q and Y/Y growth rates are skewed by the Broadcom/Avago merger, which closed at the start of FQ2.
    • Non-GAAP operating expenses were $809M (22% of revenue), and (with the help of post-merger cost cuts) are expected to remain at $809M in FQ3. Due to the debt taken on to pay for the merger, Broadcom ended FQ2 with $2B in cash and $15B in debt.
    • The company has declared a $0.50/share quarterly dividend. The next dividend is patable on June 30 to shareholders on record as of the June 17 close.
    • AVGO +6.5% after hours to $165.01, making new post-merger highs along the way. Pre-earnings expectations were low due to worries about weak iPhone sales.
    • Broadcom's results/guidance, earnings release
    | Thu, Jun. 2, 4:31 PM | 5 Comments
  • Thu, Jun. 2, 4:24 PM
    • Broadcom (NASDAQ:AVGO) declares $0.50/share quarterly dividend, 2% increase from prior dividend of $0.49.
    • Forward yield 1.29%
    • Payable June 30; for shareholders of record June 17; ex-div June 15.
    | Thu, Jun. 2, 4:24 PM
  • Thu, Jun. 2, 4:05 PM
    • Broadcom (NASDAQ:AVGO): FQ2 EPS of $2.53 beats by $0.15.
    • Revenue of $3.56B beats by $10M.
    • Expects FQ3 revenue of $3.75B (+/- $75M) vs. a $3.71B consensus.
    • Shares +4.8% after hours.
    • Press Release
    | Thu, Jun. 2, 4:05 PM | 8 Comments