Micron (MU) Could Be Another Potential Broadcom (AVGO) Takeover Target - KeyBanc

March 13, 2018 11:05 AM EDT
Get Alerts A Hot Sheet
Price: $144.50 +0.08%

Rating Summary:
    20 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 8 | New: 61
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

There is widespread speculation about who Broadcom (NASDAQ: AVGO) will target in a takeover now that Trump has blocked its attempt to acquire Qualcomm (NASDAQ: QCOM).

KeyBanc analyst John Vinh said in the near term, the order blocks the possibility of AVGO looking to acquire any other asset that has any military/defense exposure, such as XILINX (NASDAQ: XLNX). However, they believe these concerns over the longer term should ease once the Company successfully domiciles back into the U.S.

Vinh expects AVGO will remain acquisitive and believe Micron (NYSE: MU) could be another potential target given the lack of security concerns and given AVGO's prior attempts to bid for Toshiba.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Hot Comments, Rumors

Related Entities

KeyBanc, Definitive Agreement