Broadcom - Eure akuelle Einschätzung...

It said former chief Henry Nicholas bore "significant responsibility" for the lack of adequate controls in the option granting process, but did not personally benefit from the restated grants.

Barron's said JPMorgan analyst Shawn Webster estimates the market for the kind of chips that Broadcom makes is $27 billion, seven and one-half times Broadcom's sales last year, and will grow 26 percent annually over the next five years.

The newspaper said Broadcom is investing in advanced, smaller chips that will carry more features and use less power, a necessity for the smaller cellphones that are becoming more popular. Broadcom has also had good luck defending chip patents, it said.

Barron's said Broadcom shares trade at a "reasonable" 21 times projected 2008 earnings. It said if the shares traded at their 32 peak multiple over the last two years, the stock could trade at $48. It closed Friday at $32.07 on the Nasdaq.

According to Reuters Estimates, analysts on average expect Broadcom to post a profit of 90 cents per share in 2008, equating to a 35.6 price-to-earnings multiple.

Broadcom shares traded as high as $50 last March, and $183.17 in August 2000

L'action du fabricant de semi-conducteurs pourrait monter de 50% à la faveur d'une hausse de la demande pour ses produits, maintenant qu'il a réglé ses problèmes de stock options antidatées, prédit l'hebdomadaire Barron's lundi.

Le groupe californien a annoncé en janvier qu'il inscrirait une charge de 2,22 milliards de dollars couvrant la période 1998 à 2005 pour le dossier des stock options. Barron's note que Broadcom investit dans des puces plus sophistiquées et plus petites, qui devraient s'adapter aux téléphones portables de petite taille qui rencontrent de plus en plus de succès.

Cours de clôture: 32,07 dollars.

BRCM - BROADCOM CORP CL A (NASDAQ)

Date Open High Low Last Change Volume % Change
03/30/07 31.50 32.24 31.45 32.07 +1.02 17765100 +3.29%

Composite Indicator  
  Trend Spotter TM  Sell
 
Short Term Indicators  
  7 Day Average Directional Indicator  Sell
  10 - 8 Day Moving Average Hilo Channel  Hold  
  20 Day Moving Average vs Price  Sell
  20 - 50 Day MACD Oscillator  Sell
  20 Day Bollinger Bands  Hold  
 
Short Term Indicators Average:   60% - Sell
20-Day Average Volume - 12604505
 
Medium Term Indicators  
  40 Day Commodity Channel Index  Hold  
  50 Day Moving Average vs Price  Sell
  20 - 100 Day MACD Oscillator  Sell
  50 Day Parabolic Time/Price  Sell
 
Medium Term Indicators Average:   75% - Sell
50-Day Average Volume - 14425094
 
Long Term Indicators  
  60 Day Commodity Channel Index  Hold  
  100 Day Moving Average vs Price  Sell
  50 - 100 Day MACD Oscillator  Sell
 
Long Term Indicators Average:   67% - Sell
100-Day Average Volume - 14443257
 
Overall Average:   72% - Sell
 
Price  Support  Pivot Point  Resistance  

32.07  31.13  31.92  32.71  

www.zacks.com/stock/news/109391/...-tech-in-broadcoms-5g-wi-fi

Übersetzung:
translate.google.de/...-tech-in-broadcoms-5g-wi-fi&act=url

Triquint Semiconductor, Inc. (TQNT - Analyst Report) recently announced that its TriConnect 5 GHz WLAN front-end modules and premium LTE / Wi-Fi coexistence filters are being used by Broadcom Corp. (BRCM - Analyst Report) in the company’s 5G Wi-Fi reference designs.
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Triquint aims to leverage the best technology portfolio to provide mobile device manufacturers with highly integrated TriConnectTM WLAN solutions that offer faster data exchange at high speed, extended battery life and provide longer range than other competitive technologies. Consumers increasingly demand mobiles comprising high speed data upload or download to support video streaming and other multimedia applications. Thus, demand for improved and faster Wi-Fi services is also moving north.
Broadcom’s 5G Wi-Fi reference designs include TriQuint’s high-efficiency WLAN modules and premium 4G / Wi-Fi coexistence filters that provide high speed, wider range and power savings for consumer devices.
TriQuint is one of the leading players in delivering 802.11ac based products. The 802.11ac technology expertise is likely to help Triquint expand its future market opportunity for consumer electronics applications like home video distribution. As per research firm ABI research, approximately 100 million 802.11ac-enabled devices are expected to be shipped by end of 2013.

Headquartered in Hillsboro, Ore., TriQuint manufactures semiconductors for the wireless handset segment, infrastructure networks and defense markets. TriQuint’s products reduce costs and increase the performance of connected mobile devices and networks that deliver critical voice, data and video communications. In the lastest reported quarter, Triquint reported revenues of $190.1 million, up 7% year over year driven by strong performance across all markets.
Triquint currently has a Zacks Rank #2 (Buy). Other stocks that look promising and are worth a look in the industry include Nitto Denko Corporation (NDEKY), carrying a Zacks Rank #1 (Strong Buy) and Cypress Semiconductor Corporation (CY - Analyst Report)  carrying a Zacks Rank #2 (Buy)

Broadcom: The Forecast Says It'll Outperform

translate.google.de/...-outperform%3Fsource%3Dfeed&act=url

seekingalpha.com/article/...t-says-itll-outperform?source=feed

Since the last time I wrote about Broadcom (BRCM), the share price of the company is flat, which is better than down. In this report, I add to the previous one with updated valuations and a portfolio analysis perspective. Simply said, Broadcom continues to be undervalued.

But not only is it undervalued, based on my analysis, I expect Broadcom to outperform the S&P 500 over the next 52 weeks. While the S&P 500 is forecasted to increase about 6% over the next 52 weeks, Broadcom is forecasted to increase 40%. The increase in the share price could be boosted by an increase in net income.

As net income increases, the amount of growth priced into the shares of Broadcom decreases. Consequently, the share price would rise to maintain the same level of growth expectations priced in the share price. Also, Broadcom is undervalued relative to its historic valuations.

For the long-term investors, I'm forecasting a revenue CAGR of about 6.25%, which means that your investment would almost double over the course of 10 years, if the price/sales multiple doesn't expand or contract and the revenue forecast is accurate. All of that said, I'm bullish on Broadcom.

Valuations

In this section, I'm going to use a few models to value the common equity shares of Broadcom. I'll update the discounted cash flow model and the multiplier models. Also, I'll include an estimate of the market's growth expectations. The following data suggest Broadcom is undervalued.

In terms of discounted cash flows, I'm revising down my estimate of the intrinsic value of Broadcom using the discounted cash flow method. The cash flow estimates and growth rates remain the same: I continue to expect an 8% growth rate until a decline to the sustainable growth rate of 5% in 2018. But I revised the firm's cost of equity. As a result, I estimate the intrinsic value, using this model, of Broadcom as $19.07. Based on the current share price, the market is probably pricing in a higher growth rate than I am pricing. So, next I'll estimate how much growth the market is pricing into the share price.

When I use the twelve trailing months EPS, 65% of the market price is because of growth. That said, I adjusted the twelve trailing months EPS because of the $501 million impairment of purchased intangible assets charge. When I did that, 24% of the share price is because of growth, which is more reasonable. I think that number could increase to 40% without pricing in too much growt