broadcom

FBR Capital Markets is following up on Broadcom Corp.'s (NASDAQ: BRCM) sell-off. “After last week's 14% sell-off (vs. S&P500 up <1%) on weaker-than-expected 2Q guidance,” FBR Capital Markets writes, “we do not believe Broadcom's wireless business is structurally impaired, but rather is...

For 2Q11, FBR Capital Markets believes that Broadcom Corp.'s (NASDAQ: BRCM) revenues could be guided to $1.9B-$2.0B, “slightly better than the Street's $1.9B and a positive.” “Again, better than expected legal spending could drive EPS upside in 2Q guidance as well as some of the firm's litigation...

According to J.P. Morgan, Broadcom Corporation (NASDAQ: BRCM) will remain the connectivity supplier for Next Gen iPhones and iPads. J.P. Morgan reported that Broadcom's connectivity (WLAN, BT, FM), touch controller, and Ethernet controller products are currently utilized across multiple Apple...

Lazard Capital is out with its report today on Broadcom (NASDAQ: BRCM), maintaining Buy. In a note to clients, Lazard Capital writes, "We believe BRCM is a stock to own due to: 1) a growth rate that outperforms that of the semiconductor industry by a factor of 2x; 2) opportunities to grow share in...

Goldman Sachs reports that Broadcom Corp. (NASDAQ: BRCM) remains its favorite stock in the area of semiconductors, “given its 40% exposure to tablets/smartphones, and baseband share gains.” Broadcom closed Wednesday at $39.95.

Morgan Stanley Maintains OW Rating On BRCM Morgan Stanley is maintaining its Overweight rating on shares of Broadcom Corp. (NASDAQ: BRCM). “We remain OW BRCM for the company's wireless product cycle and exposure to secular growth in the Smartphone and Tablet segments,” Morgan Stanley writes. “We...

J.P. Morgan is out with its report today on Broadcom (NASDAQ: BRCM), reiterating Overweight. In a note to clients, J.P. Morgan writes, "We believe that as the company continues to drive revenue and earnings growth above consensus expectations, a combination of multiple expansion and higher earnings...

FBR Capital Markets has published a research report on Semiconductor Trading, in which it writes "Our latest back-end assembly/test production checks suggest 1Q production will seasonally decrease by about 6.5% QOQ, worse than our month-ago checks of –6.0% QOQ and in line with typical seasonality....

FBR Capital is out with its report today on Broadcom (NASDAQ: BRCM), lowering its price target on BRCM from $52 to $49. In a note to clients, FBR Capital writes, "We rate BRCM Outperform with a $49 price target. We remain constructive on BRCM given the firm's vast product cycles (combo chips,...

J.P. Morgan is out with its report today on Broadcom (NASDAQ: BRCM), raising its price target from $49 to $55. In a note to clients, J.P. Morgan writes, "Broadcom reported 4Q revenues of $1.95B (+8% Q-Q, +45% Y-Y), which were 2% ahead of ours and consensus estimates by around $50M, while non-GAAP...

FBR Capital is out with its report today on Broadcom (NASDAQ: BRCM) previewing its Q4 10 earnings. In a note to clients, FBR Capital writes, "We believe Broadcom's calendar 4Q revenues tracked at or slightly above recently raised guidance of $1.9 billion (+5% QOQ, +43% YOY), and versus the Street's...

Broadcom Corporation's (NASDAQ: BRCM) recent acquisition of Innovision poises the company to take advantage of the burgeoning market for NFC technology in mobile phones and other consumer electronics devices, J.P. Morgan reports. “The current usage model for NFC technology is for enabling personal...

Jefferies is out with its report on Broadcom (NASDAQ: BRCM) after BRCM's analyst day. In a note to clients, Jefferies writes, "While Broadcom intends to drive additional R&D to strengthen its competitive advantage (i.e., expand its product portfolio) and continue pressure smaller competitors,...

FBR Capital released its 2011 Semiconductor Sector Outlook today, and highlighted the following companies as its top picks based on growth: Qualcomm (NASDAQ: QCOM – Outperform)—We remain constructive on QCOM given the firm is the most ―pure-play‖ smartphone chip provider. Key near-term...

Broadcom Corporation (NASDAQ: BRCM), which traded up yesterday at $37.22, reported a positive 3Q revenue and EPS surprise: 3Q revenues grew 13% Q/Q to $1.81B, “exceeding ours and consensus estimates and the company's prior guidance range,” J.P. Morgan reports. “EPS (ex-SBC) of $0.73 was in line...