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AVGO

Broadcom

$254.87

-12.89 (-4.81%)

, QCOM

Qualcomm

$60.62

0.73 (1.22%)

14:58
03/17/18
03/17
14:58
03/17/18
14:58

Qualcomm board facing some 'tough' decisions, WSJ says

After Broadcom's (AVGO) bid for the company was blocked and the departure of CEO Paul Jacobs, Qualcomm's (QCOM) board faces some tough decisions, according to The Wall Street Journal. Board reshuffles alone may not be enough, and with having been effectively taken off the market by presidential order, Qualcomm's board needs to ensure that the company can make its future on its own, the report added. Reference Link

AVGO

Broadcom

$254.87

-12.89 (-4.81%)

QCOM

Qualcomm

$60.62

0.73 (1.22%)

  • 29

    Mar

AVGO Broadcom
$254.87

-12.89 (-4.81%)

03/16/18
OPCO
03/16/18
NO CHANGE
Target $315
OPCO
Outperform
Broadcom's Q1 results show resiliency of company's model, says Oppenheimer
Following its Q1 results, Oppenheimer analyst Rick Schafer told investors in a research note that he believes Broadcom (AVGO) has one of the most "strategically and financially attractive business models" in semiconductors, and that its "positive" results in the face of weaker optical, iPhone and carrier access markets shows the resiliency of the company's model and management's ability to drive "enviable" growth and profitability in many business environments. Now that Broadcom is "past the Qualcomm (QCOM) saga," Schafer expects Broadcom to return to its playbook, finding and executing "bite-sized" accretive acquisitions. Schafer, who has an Outperform rating on Broadcom, says he is a "long-term buyer" with a $315 price target.
03/16/18
RHCO
03/16/18
NO CHANGE
Target $345
RHCO
Buy
Broadcom price target raised to $345 from $335 at SunTrust
SunTrust analyst William Stein raised his price target on Broadcom to $345 after the company's latest earnings beat and raised outlook, which "overwhelm" the headwinds of higher taxes from redomiciliation. Stein also cites the management's target leverage remaining below 2-times, suggesting "more easily digestible deals" in M&A putting some investor concerns at ease. The analyst keeps his Buy rating on Broadcom, adding that his new valuation reflects in part no incremental M&A over the near term.
03/16/18
CHLM
03/16/18
NO CHANGE
Target $330
CHLM
Buy
Broadcom 'on the hunt' for additional, smaller M&A, says Craig-Hallum
Craig-Hallum analyst Tony Stoss reiterated his Buy rating and $330 price target on Broadcom (AVGO) following the company's in-line Q1 results and guidance. In a research note to investors, Stoss said he is confident in Broadcom's content at Apple (AAPL) longer term as management stated they expect to grow Apple content about 15% annually for the next 3-5 years. Additionally, Stoss noted that while the company is "disappointed" that the deal with Qualcomm (QCOM) was blocked, Broadcom remains "on the hunt" for additional M&A, which will likely be smaller in size given that the company plans to use just cash on hand to fund additional acquisitions.
03/16/18
WELS
03/16/18
INITIATION
Target $260
WELS
Market Perform
Broadcom resumed with a Market Perform at Wells Fargo
Wells Fargo analyst David Wong resumed coverage of Broadcom with a Market Perform rating and $260 price target. The possibility that Broadcom will find it increasingly difficult to make large acquisitions and that dollar content increases in smartphones might slow creates some concerns for the stock, Wong tells investors in a research note.
QCOM Qualcomm
$60.62

0.73 (1.22%)

03/16/18
DADA
03/16/18
NO CHANGE
Target $325
DADA
Buy
Broadcom has several growth prospects for next couple years, says DA Davidson
DA Davidson analyst Thomas Diffely kept his Buy rating and $325 price target on Broadcom (AVGO) after the company's Q1 earnings beat that was driven by the "extended iPhone X rollout, content growth at Apple (AAPL), and an extra week in the quarter." Despite the broken Qualcomm (QCOM) deal, the analyst contends that content growth at smartphone manufacturers, strong trends in the data center segment, and the emergence of 5G combine to give Broadcom growth prospects for the next couple of years.
03/16/18
WELS
03/16/18
INITIATION
Target $65
WELS
Market Perform
Qualcomm resumed with a Market Perform at Wells Fargo
Wells Fargo analyst David Wong resumed coverage of Qualcomm with a Market Perform rating and $65 price target. The analyst sees risks to Qualcomm shares from slowing growth in the smartphone end market and the possibility that the company might fail to achieve a positive resolution to the current licensing disputes or that new disputes might arise with other licensing customers.

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