Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Broadcom Limited    AVGO   SG9999014823

BROADCOM LIMITED (AVGO)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Broadcom profit beats as Qualcomm takeover fight intensifies

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/07/2017 | 01:18am CET
FILE PHOTO: Broadcom Limited company logo is pictured on an office building in Rancho Bernardo, California

Broadcom Ltd (>> Broadcom Limited) on Wednesday reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion (£77 billion) bid for Qualcomm Inc (>> Qualcomm) hostile.

Broadcom Ltd (>> Broadcom Limited) on Wednesday reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion (£77 billion) bid for Qualcomm Inc (>> Qualcomm) hostile.

Shares of Broadcom rose 5 percent in extended trading after the company also forecast first-quarter revenue largely above analysts' estimates.

The company said on Monday it planned to field a slate of 11 nominees to Qualcomm's board, its first formal move towards a hostile bid for the U.S. chipmaker.

Broadcom's move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles.

However, Broadcom's chief financial officer, Thomas Krause, appeared confident of overcoming regulatory hurdles.

"After having had initial meetings with certain relevant antitrust authorities, we remain confident that any regulatory requirement necessary to complete the combination will be met in a timely manner," Krause said in a post-earnings call.

A combined Broadcom-Qualcomm would become the dominant supplier of chips used in the 1.5 billion or so smartphones expected to be sold around the world this year.

Broadcom's wireless business has been a strong performer as soaring sales of Apple Inc's (>> Apple) iPhone and Android smartphones drive demand for its WiFi and Bluetooth chips.

The business far outperformed its wired infrastructure unit, which makes chips for set-top boxes and cable modems, with a 33.4 percent rise in sales and accounted for much of its fourth-quarter profit.

Excluding items, the company earned $4.59 per share in the quarter ended Oct. 29, easily beating analysts' expectations of $4.52 per share.

Net revenue rose to $4.84 billion, slightly above the $4.83 billion analysts had estimated.

The company also forecast current-quarter revenue of $5.30 billion, plus or minus $75 million, helped by its acquisition of network gear maker Brocade Communications Systems.

Analysts on average were expecting revenue of $4.83 billion, according to Thomson Reuters I/B/E/S.

Broadcom also raised its quarterly dividend to $1.75 per share from $1.02.

(Additional reporting by Uday Sampath Kumar in Bengaluru; Editing by Anil D'Silva)

By Arjun Panchadar

Stocks treated in this article : Apple, Qualcomm, Broadcom Limited
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BROADCOM LIMITED
12/07 Apple suppliers gain after Broadcom hint on iPhone
12/07DJBROADCOM : Chip Maker Broadcom Swings To Profit -- WSJ
12/07DJBROADCOM : Smartphone Parts Boost Broadcom's Earnings -- Update
12/07 Broadcom profit beats as Qualcomm takeover fight intensifies
12/06DJBROADCOM : Smartphone Parts Boost Broadcom's Earnings
12/06DJBROADCOM : Smartphone Parts Boost Broadcom's Earnings
12/06 Broadcom Limited Announces Fourth Quarter and Fiscal Year 2017 Financial Resu..
12/06 BROADCOM LIMITED : to Host Earnings Call
12/05DJBROADCOM : Turns Up Heat -- WSJ
12/04 Broadcom launches 11-nominee slate for Qualcomm board
More news
News from SeekingAlpha
12/13 The Memory Sector Is Distorting Overall Semiconductor Industry Growth In 2017
12/11 ANALYST : Broadcom's leading conversation in Qualcomm bid
12/11 QUALCOMM : Broadcom Strengthens Its Position
12/11 Broadcom files initial proxy, HSR notification on Qualcomm bid
12/09 The Week That Was In Review - December 8, 2017
Financials ($)
Sales 2018 20 959 M
EBIT 2018 9 883 M
Net income 2018 3 247 M
Debt 2018 2 542 M
Yield 2018 2,45%
P/E ratio 2018 30,69
P/E ratio 2019 23,70
EV / Sales 2018 5,22x
EV / Sales 2019 4,95x
Capitalization 107 B
Chart BROADCOM LIMITED
Duration : Period :
Broadcom Limited Technical Analysis Chart | AVGO | SG9999014823 | 4-Traders
Technical analysis trends BROADCOM LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 312 $
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Hock E. Tan President, Chief Executive Officer & Director
James V. Diller Chairman
Boon Chye Ooi Senior Vice President-Global Operations
Thomas H. Krause Chief Financial Officer & VP-Corporate Development
Henry Samueli Director & Chief Technical Officer
Sector and Competitors
1st jan.Capitalization (M$)
BROADCOM LIMITED47.03%106 903
INTEL CORPORATION19.52%202 831
TAIWAN SEMICONDUCTOR MFG. CO. LTD.--.--%196 305
NVIDIA CORPORATION79.40%112 825
TEXAS INSTRUMENTS34.00%97 433
SK HYNIX INC--.--%51 438