New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:45 EDTSWKS, BRCM, AVGO, QCOMAnalysts split on Broadcom outlook after baseband announcement
Shares of Broadcom (BRCM) are rising for a second day after the company indicated that it would look to sell or wind down its cellular baseband business, but analysts were divided on the company's outlook following the announcement. BEARISH TAKE: In a note to investors earlier today, Kevin Cassidy, an analyst at research firm Stifel, downgraded Broadcom to Hold from Buy. The loss of the baseband business could cause Broadcom's market share in connectivity products - including Wi-Fi, Bluetooth, GPS and NFC chips - to decline, Cassidy warned. Companies that will still be able to supply connectivity chips could gain market share at Broadcom;'s expense, the analyst suggested. Also bearish was Pacific Crest analyst Michael McConnell, who is concerned about the long-term outlook of Broadcom's connectivity business. The company is facing increased competition from integrated platforms in the middle and lower end smartphone market, while the higher end smartphone market is becoming saturated, McConnell believes. The fair value of Broadcom's stock could reach $45, but it is likely to trade around $35-$38 over the longer term, according to McConnell, who kept a Sector Perform rating on the shares. BULLISH TAKE: Wedbush analyst Betsy Van Hees wrote that Broadcom's decision addresses her biggest concern with the stock and should unlock considerable value. Although Broadcom's connectivity products could lose market share, the company would likely respond to such losses by intensifying its focus on the areas in which it has the most expertise and on emerging areas such as the Internet of Things, Van Hees contended. She upgraded the stock to Outperform from Neutral and upped her price target on the shares to $43 from $30. Meanwhile, research firm Cowen increased its price target on Broadcom to $39 from $32, saying that the company's exit from the baseband business could make it a better M&A candidate while allowing it to invest in other businesses.The firm kept an Outperform rating on the shares. WHAT'S NOTABLE: Another research firm, Sterne Agee, yesterday speculated that Qualcomm (QCOM), Avago (AVGO), and Skyworks (SWKS) could benefit from Broadcom's move. PRICE ACTION: In early trading, Broadcom rose 42c, or 1.2%, to $35.26.
News For BRCM;QCOM;AVGO;SWKS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 21, 2015
10:02 EDTAVGORumor: Xilinx moves up on renewed takeover chatter
Shares of Xilinx (XLNX) are moving up on speculation Avago (AVGO) is in talks to acquire the company.
07:32 EDTQCOMQualcomm initiates $5B accelerated share repurchase
Qualcomm announced that it has entered into accelerated share repurchase agreements with two financial institutions to repurchase an aggregate of $5B of Qualcomm's common stock, with an initial delivery of approximately 57.7M shares. The final number of shares to be repurchased will be based on the volume-weighted average stock price of Qualcomm's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR Agreements. The company is funding the accelerated share repurchase with proceeds from its recently completed $10B debt offering.
May 20, 2015
07:36 EDTBRCMJPMorgan to hold a conference
Subscribe for More Information
May 19, 2015
12:25 EDTAVGO, SWKSOn The Fly: Top stock stories at midday
Subscribe for More Information
09:42 EDTAVGO, SWKSChinese professors charged with stealing secrets from Avago, Skyworks
Subscribe for More Information
May 18, 2015
12:46 EDTSWKSSkyworks expands portfolio of RF switches for Internet of Things
Subscribe for More Information
May 15, 2015
17:33 EDTBRCM, QCOMPoint72 Asset Management gives quarterly update on stakes
Subscribe for More Information
10:55 EDTQCOMJANA Partners gives quarterly update on stakes
Subscribe for More Information
May 14, 2015
15:46 EDTAVGOXilinx calls active on report Avago interested in potential takeover
Subscribe for More Information
15:44 EDTAVGOMaxim Integrated calls active on report Avago interested in potential takeover
Subscribe for More Information
15:37 EDTAVGOAvago could spend $10B on takeover, eyeing Xilinx, Maxim, Reuters says
Subscribe for More Information
15:31 EDTAVGOXilinx jumps 5% after Reuters says Avago interested in potential takeover
Maxim Integrated (MXIM) rose 5% as well after it was also reported by Reuters to be a potential target for Avago (AVGO).
15:29 EDTAVGOAvago interested in potential deal for Xilinx, Maxim Integrated, Reuters says
Subscribe for More Information
11:05 EDTQCOMQualcomm expands industry collaboration to grow Internet of Everything
Subscribe for More Information
09:06 EDTBRCMSynopsys and Broadcom extend license agreement
Subscribe for More Information
07:48 EDTBRCMBroadcom management to meet with Deutsche Bank
Meeting to be held in Los Angeles on May 14 hosted by Deutsche Bank.
05:49 EDTBRCMStocks with implied volatility movement; ESI BRCM
Subscribe for More Information
May 13, 2015
09:56 EDTBRCMEquity options with increasing volume
Subscribe for More Information
07:34 EDTQCOMEdX and Qualcomm collaborate to build next-generation mobile learning experience
EdX and Qualcomm Education, a subsidiary of Qualcomm, announced a collaboration to further develop edX's MOOC mobile capabilities and enhance its open source platform to benefit connected learners around the world. As part of the collaboration, Qualcomm Education will contribute engineering resources and will license elements of its SDK code, which edX will distribute to the Open edX community.
May 12, 2015
05:35 EDTAVGOAvago reinstated with an Overweight at Barclays
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use