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INX:AVGO, Dec 11, 04:56 UTC

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Here's Broadcom's Plan to Boost Earnings

AVGO CA

Semiconductor supplier Broadcom(NASDAQ: AVGO)spent $18.9 billion earlier this year to acquire CA Technologies, a company that makes most of its money selling software for mainframe systems. The plan was to tap into CA's customer base, comprised of some of the largest companies and organizations in the world, and cross-sell products from Broadcom's portfolio. Broadcom CEO Hock Tan laid out these adjustments during the fourth-quarter conference call, saying that the multiyear plan will raise CA's annual operating profits to more than $2.5 billion. "So, moving forward, we are going to move away from the inflexible, perpetual license model for enterprise software to an enterprisewide, all-you-can-eat license for all of our core accounts. By doing this, we expect to remove the friction caused by selling expensive up-front perpetual licenses so that the incremental costs for our customers to expand the use of enterprise products will be highly competitive relative to [software-as-a-service]-based alternatives," Tan said.

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Here’s Why These Two Are Trending: Annaly Capital Management, Inc. (NLY), Broadcom Inc. (AVGO)

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The number of shares currently owned by investors are 1.32 bln. Current price places the company’s stock -1.64% away from its 200-day simple moving average, 1.6%, away from the 50-day average and also 1.65% away from 20-day average. For this year, Annaly Capital Management, Inc. (NYSE:NLY) is performing -14.55%. Broadcom Inc. (AVGO) opened the session with a $234.05 price tag, later ranging from $224.5 to $238.28, the range at which the stock has traded at throughout the day. Over the past five trading sessions shares of Broadcom Inc. (NASDAQ:AVGO) are -3.06%; 0.14% for the month; -1.73% for the last quarter; -11.4% for the past six-months; and -13.39% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower.

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Sunday, December 09


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Broadcom Inc (AVGO) Shares Sold by Mitchell Capital Management Co. – Fairfield Current

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Mitchell Capital Management Co. lessened its holdings in shares of Broadcom Inc (NASDAQ:AVGO) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,598 shares of the semiconductor manufacturer’s stock after selling 1,710 shares during the period. In related news, insider Kirsten M. Spears sold 1,194 shares of Broadcom stock in a transaction on Friday, September 28th. The firm’s revenue was up 12.4% compared to the same quarter last year. As a group, equities analysts forecast that Broadcom Inc will post 18.45 EPS for the current year.

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Friday, December 07


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Anadarko, Broadcom rise; Ulta Beauty, Big Lots, Cooper fall

AVGO ULTA

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday:. The maker of Marlboro cigarettes is taking a 45 percent stake in Cronos Group, a Canadian medical and recreational marijuana company. Energy company stocks rose along with the price of crude oil after OPEC leaders agreed to cut production next year. The chipmaker reported big gains in earnings and revenue from its fourth fiscal quarter and said it would raise its dividend.

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Why Broadcom Looks Like a Buy NOW

AVGO

Yes there is still a deceleration in earnings form 23% growth in calendar 2018 to 12% in 2019. However, the January quarter looks to be the bottom. We go from 27% earnings growth in October all the way down to 3% in January. But absent a global meltdown, that looks to be the bottom. After that you get accelerating earnings growth: +3% to +9% to +16% to +10% and overall 12% earnings growth for 2019. And right now you are only paying 9.8 times, plus you get a 4.6% dividend yield. And they have a nice 5G equipment cycle ramping throughout the year. I am not saying all-in, this sell-off is vicious. But Broadcom now screens as decent risk/reward situation going into 2019 – only the 3rd SOXX stock to do that so far.

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Broadcom Analysts Downplay Execution Risks, Reduced Transparency Following Strong Q4, Dividend Hike

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Despite the sell-side's neutral take ahead of Broadcom Inc (NASDAQ: AVGO)'s fiscal-year fourth-quarter results, the company beat earnings estimates and issued upbeat revenue guidance for the full-year 2019. MKM Partners analyst Ruben Roy has a Buy rating and hiked the price target from $255 to $280. The positive reaction to Broadcom's results is a function of above-consensus EPS, a 51-percent increase in dividend, its plan to drive to ratable software revenue contribution, strong Wired Infrastructure results and confidence in Wireless recovery in the second half of 2019 from lost iPhone XR content, Rakers said. Based on the company's guidance, the analyst raised revenue and EPS estimates for FY2019 from $23.1 billion and $20.75, respectively to $24.5 billion and $23.44.

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Broadcom stock gains after 'messy quarter'

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Shares of Broadcom Inc. are up 3.1% in Friday morning trading after what Susquehanna analyst Christopher Rolland called a "messy quarter" in which the company beat estimates with its earnings and outlook but announced changes to its reporting. Broadcom will stop providing quarterly forecasts and it will also begin reporting just three segments, with most of its revenue in one. "Ultimately, we view the report as better than feared, but acknowledge reporting changes, lack of accretion and back-end-loaded year raise the risk profile," Rolland wrote. Cowen & Co. analyst Matthew Ramsay upped his target to $280 from $255, writing of his optimism around long-term trends and the company's track record of merger integration.

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Broadcom: Fiscal 2018 Earnings Boost Investors’ Confidence

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Many of the major players like NVIDIA (NVDA) and Texas Instruments (TXN) reported weak earnings guidance for the fourth quarter. Broadcom (AVGO) stood apart from the crowd. Broadcom reported its better-than-expected third-quarter earnings and strong guidance on December 6, which sent the stock up 5.2% in the after-market session.

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Broadcom Just Gave Its Shareholders a 51% Raise

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Broadcom Just Gave Its Shareholders a 51% Raise. Ashraf Eassa, The Motley FoolMotley FoolDecember 7, 2018, 1:38 PM GMT. Last month, I discussed why investors should love chip giant Broadcom's (NASDAQ: AVGO) dividend policy. The company, as you may be aware, has committed to giving back a whopping 50% of its prior-year free cash flow to shareholders in the form of a dividend. Since the company generates a substantial amount of free cash flow -- thanks to its strong competitive positioning in the markets that it plays in, its ability to run a tight ship, and its ability to regularly make free cash flow-boosting acquisitions -- this translates into a great dividend. Following the increase in the dividend -- as well as the roughly 5% boost in the stock price that the company enjoyed in after-hours trading following the company's earnings announcement -- Broadcom's dividend yield now works out to more than 4.4%.

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Broadcom Inc to Post Q1 2019 Earnings of $4.84 Per Share, SunTrust Banks Forecasts (AVGO) – Fairfield Current

AVGO STI

SunTrust Banks also issued estimates for Broadcom’s Q2 2019 earnings at $4.83 EPS, Q3 2019 earnings at $5.13 EPS, FY2019 earnings at $20.56 EPS and Q1 2020 earnings at $5.42 EPS. The semiconductor manufacturer reported $5.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.58 by $0.27. Deutsche Bank dropped their price target on Broadcom from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday. In other Broadcom news, insider Kirsten M. Spears sold 1,194 shares of Broadcom stock in a transaction on Friday, September 28th.

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