Needham & Company Reiterates a 'Buy' on Broadcom (BRCM); Pulling Away From Its Semiconductor Peers
Tweet
Share
E-mailGet Alerts BRCM Hot Sheet
Price: $54.67 --0%
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
15 Buy, 29 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
Needham & Company reiterates a 'Buy' on Broadcom (NASDAQ: BRCM) price target of $41.00.
Analyst, N. Quinn Bolton, said, "In an environment in which the operating results of most semiconductor companies have fallen short of expectations, Broadcom delivered better than expected 2Q12 results and provided 3Q12 guidance in-line with expectations. The results once again highlight Broadcom’s ability to grow revenue faster than the industry through a combination of targeting higher growth segments, developing integrated solutions to gain market share and expanding its IP portfolio to increase dollar content per platform. With the company poised to grow revenue faster than its peers for the foreseeable future, BRCM remains our favorite large cap semiconductor stock."
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $30.77 yesterday.
Analyst, N. Quinn Bolton, said, "In an environment in which the operating results of most semiconductor companies have fallen short of expectations, Broadcom delivered better than expected 2Q12 results and provided 3Q12 guidance in-line with expectations. The results once again highlight Broadcom’s ability to grow revenue faster than the industry through a combination of targeting higher growth segments, developing integrated solutions to gain market share and expanding its IP portfolio to increase dollar content per platform. With the company poised to grow revenue faster than its peers for the foreseeable future, BRCM remains our favorite large cap semiconductor stock."
For an analyst ratings summary and ratings history on Broadcom click here. For more ratings news on Broadcom click here.
Shares of Broadcom closed at $30.77 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
- Needham Starts Pulse Biosciences (PLSE) at Buy
- JPMorgan Upgrades Hyundai Marine and Fire Insurance (001450:KS) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
