|Bid||255.10 x 200|
|Ask||256.10 x 200|
|Day's range||254.41 - 263.60|
|52-week range||208.44 - 285.68|
|PE ratio (TTM)||13.89|
|Earnings date||30 May 2018 - 4 Jun 2018|
|Forward dividend & yield||7.00 (2.61%)|
|1y target est||321.70|
Spotify sets a date for its direct listing, Broadcom talks acquisition strategy, and Apple makes an acquisition.
In the 71 years since the transistor was invented, that tiny breakthrough has produced enormous technological accomplishments, far more than William Shockley, one of its inventors, could have ever imagined. The bean-counting analysts who track chip giant Broadcom (AVGO) were almost universally in its corner during its $117 billion hostile bid for Qualcomm (QCOM). Now, Wall Street wants to know what Broadcom will try to buy as plan B. Broadcom CEO Hock Tan said on Thursday that Trump’s rejection hasn’t deterred his thirst for acquisitions.
When AT&T agreed to buy Time Warner in October of 2016, many investors viewed it as a done deal. Time Warner (TWX) shares soared to nearly match AT&T’s offer price of $107.50 a share in cash and stock—no matter that both Donald Trump and Hillary Clinton had expressed reservations about the merger in the final days of the presidential election. Many investors dismissed their talk as bluster.
Broadcom shares dipped on Friday after the chipmaker pointed to a sharp drop in wireless chip orders from Apple.
President Trump blocked Broadcom's bid to buy Qualcomm and moved toward China tariffs. Boeing tumbled as stocks drifted lower. Adobe earnings were hot.
For a while, Broadcom’s (AVGO) quest to acquire chip maker Qualcomm (QCOM) was getting more and more complicated by the day. The company said that it would respect President Donald Trump’s order and withdraw its offer to acquire Qualcomm. The Trump administration said that the acquisition represented a security risk for the country.
Overstock.com shares tumble, Broadcom shares lower, and Adobe shares beat on top and bottom lines
Just days ago, President Trump shot down Broadcom’s (AVGO) unsolicited bid for Qualcomm. Shares of Adobe (ADBE) are looking pretty this morning. The company’s CEO credits higher subscription fees and increased use of its entire Creative Cloud Suite for the boost.
CFO Thomas Krause on a conference call with analysts said that he and CEO Hock Tan see potential M&A targets, and would not be held back despite the fact the company had to walk away this week from its hostile bid for Qualcomm (QCOM). There are no ratings changes, that I can see, but price targets are going higher as estimates go higher at many shops.
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On the second day of November 2017, Hock Tan emerged as an unlikely player in President Donald Trump’s campaign to put America first. The Malaysian-born chief executive of Singapore-registered Broadcom ...
Broadcom Ltd., a few days after President Trump blocked what would have been the biggest deal in tech, remains undaunted and will look for other companies to acquire, albeit on a smaller scale.
US chipmaker Qualcomm, blocked from a takeover bid amid national security fears, was already walking a Pacific tightrope - it has government and defence contracts in America, but two-thirds of its revenue comes from China. US President Donald Trump has halted microchip maker Broadcom's $US117 billion takeover of Qualcomm over concerns it would give China the upper hand in the next generation of mobile communications, forcing the Singapore-based firm to drop its bid. The move illustrated the awkward position of Qualcomm, which is based in San Diego.
Following a report this afternoon by chip giant Broadcom (AVGO), fiscal Q1 revenue and profit that topped analysts' expectations, and a higher revenue forecast for this quarter, CFO Thomas Krause on a conference call with analysts said the fact the company had to walk away this week from its hostile bid for Qualcomm (QCOM), "we don't see this week's events putting any constraint on our ability to pursue acquisitions more broadly going forward." Moreover, Krause added that he and CEO Hock Tan see potential M&A targets: The allocation of the remaining 50% of free cash flow is governed by the returns that we believe that can drive via acquisitions versus buying AVGO stock and/or paying down debt. Krause said Qualcomm is unique and future deals will be done solely with cash: One final point I want to make, Qualcomm was clearly a unique and very large acquisition opportunity.
Broadcom Limited (AVGO) just released its first-quarter fiscal 2018 financial results, posting adjusted earnings of $5.12 per share and revenues of $5.33 billion.
Chipmaker Broadcom beat Wall Street's targets for its fiscal first quarter, but gave in-line revenue guidance for the current quarter amid a sharp decline in wireless chip sales.
Broadcom Ltd. shares search for direction in the extended session after the chip maker tops Wall Street estimates for the quarter.