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Tag: Broadcom Inc.

  • Broadcom (AVGO) Stock Rises Following Strong Fiscal Year Earnings

    Broadcom (AVGO) Stock Rises Following Strong Fiscal Year Earnings

    Following the announcement of its most recent earnings report, the stock price of Broadcom Inc. (NASDAQ: AVGO) saw an incredible spike, rising 18.52% to $214.12 as of the last check. AVGO recorded record revenues of $51.6 billion for fiscal year 2024, a 44% rise from the previous year.

    Breakthrough Financial Results

    Strong results in its core businesses, such as semiconductors, which generated $30.1 billion in sales, and infrastructure software, which generated $21.5 billion, were the main drivers of this increase. The integration of VMware significantly contributed to this success.

    Notably, AVGO’s sophisticated AI XPUs and Ethernet networking portfolio supported its AI revenue, which increased 220% year over year to $12.2 billion. Free cash flow (excluding restructuring charges) remained robust at $21.9 billion, while EBITDA again hit an all-time high of $31.9 billion, representing a 37% annual rise.

    Bitnami Premium’s launch

    To further bolster its software offerings, Broadcom introduced Bitnami Premium, an enterprise-grade variant of its popular Bitnami by VMware Tanzu. Millions of developers use Bitnami, a collection of open-source software packages, to expedite the deployment of applications on popular cloud platforms. Platform engineering and security teams may benefit from the new premium version’s enterprise-grade capability, compliance support, and improved security features.

    With over four billion annual downloads, Bitnami is pivotal in accelerating application delivery for Broadcom’s customers. Bitnami Premium introduces benefits such as unlimited access to secure containers and Helm charts, enterprise support for over 500 packages, and long-term support for critical application branches.

    Partnership with Arrow Electronics

    To expand the reach of Bitnami Premium, Broadcom announced its collaboration with Arrow Electronics, a global technology solutions provider. Arrow will serve as the distributor, facilitating seamless purchases and support for Bitnami users. This partnership aims to deliver the value of Bitnami Premium to a broader customer base while emphasizing innovation and customer satisfaction.

    Commitment to Digital Transformation

    Broadcom’s collaboration with Arrow underscores its dedication to helping organizations navigate complex IT landscapes. Arrow’s expertise in global provisioning and billing ensures a smooth transition for Bitnami users, while Broadcom (AVGO) continues to invest in innovative solutions that drive digital transformation. This strategic alignment is poised to further cement Broadcom’s position as a leader in enterprise technology.

  • Here’s Top 20 Stocks In Semiconductors Industry That Are Worth Buying

    Here’s Top 20 Stocks In Semiconductors Industry That Are Worth Buying

    The semiconductor industry is the collection of all those companies which are engaged in the manufacturing and design of semiconductors. Semiconductors are important components of electronic devices. There is no doubt in this fact that in the time of economic prosperity the chip sector prospers, thanks to increased spending on the corporate and consumer sides. While in the period of economic downturn, as corporate information technology budgets are diminished and consumers temporarily stopped the purchasing of the latest gadgets.

    In the semiconductor industry competition is intense and there is a need that the companies should focus on the new strategies. This industry is considered to be the largest contributor to global technological developments. We are entering into the new world of 5G technology so it is projected that the global semiconductor industry is going to bear a huge impact. Similarly, the use of AI is in the semiconductor industry is the major trend of this industry.

    Here are to 20 best companies in the semiconductor industry that are following new trends and are adopting new technologies:

    Analog devises Inc. (NASDAQ: ADI)

    Analog devises Inc. (NASDAQ: ADI) last closed at $116.60, in a 52-week range of $79.07 to $127.39. Analysts have a consensus price target of $138.16. Analog devises Inc. (ADI) has earlier disclosed its strategic partnership with Microsoft Corp.  The company aimed to get the maximum benefits of  Microsoft’s 3D time-of-flight (ToF) sensor technology which allows customers to easily create high-performance 3D applications that bring higher degrees of depth accuracy and work regardless of the environmental conditions in the scene. Analog devises Inc.’s market cap has remained high, hitting $44.97 billion at the time of writing.

    Advanced Micro Devices Inc. (NASDAQ: AMD)

    Advanced Micro Devices Inc. (NASDAQ: AMD) stock soar by 5.32% to $86.15. The most recent rating by Northland Capital, on August 24, 2020, is at a Market perform. Penguin Computing, a subsidiary of SMART Global Holdings, Inc. (NASDAQ: SGH) earlier disclosed that it has expanded its collaboration with technology partners Advanced Micro Devices Inc. (AMD) to deliver HPC capabilities to speed up medical research and participate to a greater understanding of the novel coronavirus.

    Alpha and Omega Semiconductor Limited (NASDAQ: AOSL)

    Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) rose 17.67% after gaining more than $2.31 on Monday. Alpha and Omega Semiconductor Limited (AOSL) has disclosed that it is updating its financial guidance for the fiscal first quarter ended September 30, 2020. The Company now anticipates revenue for the fiscal first quarter to be between $148 million and $152 million. This exceeds prior guidance of quarterly revenue of $134 million to $138 million and represents 25.6% to 29.0% year-over-year growth.

    Broadcom Inc. (NASDAQ: AVGO)

    Broadcom Inc. (NASDAQ: AVGO) stock soar by 2.60% to $366.10. The most recent rating by Cowen, on September 04, 2020, is at a Market perform. Broadcom Inc. (AVGO) is preparing for a settlement that could end a European Union probe into contracts compelling set-top box makers to use its chips, according to a person familiar with the matter. This company had recorded a trading volume of 1.89 million as compared to the average volume of 1.89 million.

    CEVA Inc. (NASDAQ: CEVA)

    CEVA Inc. (NASDAQ: CEVA) shares headed rising, higher as much as 2.51%. The most recent rating by Cowen, on August 11, 2020, is at an Outperform. CEVA Inc. (CEVA) and VisiSonics announced earlier that the companies have collaborated closely together to develop a comprehensive 3D spatial audio solution for embedded devices, including true wireless audio (TWS) earbuds, headphones, and other wearables. Looking at its liquidity, this company has a current ratio of 7.30.

    EMCORE Corporation (NASDAQ: EMKR)

    EMCORE Corporation (NASDAQ: EMKR) rose 1.23% after gaining more than $0.04 on Monday. EMCORE Corporation (EMKR) a leading provider of advanced mixed-signal products that serve the aerospace & defense and broadband communications markets, disclosed previously it has launched the Model 1790 1550 nm High-Power Laser Module for LiDAR (Light Detection and Ranging) and Optical Sensing.

    Himax Technologies Inc. (NASDAQ: HIMX)

    Himax Technologies Inc. (NASDAQ: HIMX) Shares headed falling, lower as much as -0.29%. The most recent rating by Credit Suisse, on April 01, 2020, is at an Outperform. Himax Technologies Inc. (HIMX) has today announced the financial results for the three months ended September 30th, 2020. The third-quarter revenues, gross margin, and EPS all exceeded the guidance issued on August 6th, 2020.  Revenues were $239.9 million, an increase of 28.3% sequentially versus the guidance of an increase of around 20% sequentially. This represents an increase of 46.1% year-over-year.

    Intel Corporation (NASDAQ: INTC)

    Intel Corporation (NASDAQ: INTC) last closed at $51.69, in a 52-week range of $43.63 to $69.29. Analysts have a consensus price target of $56.50. Intel Corporation (INTC) has revealed that it has entered into a three-year agreement with Sandia National Laboratories (Sandia) to explore the value of neuromorphic computing for scaled-up computational problems. Sandia will start its research using a 50-million neuron Loihi-based system that was delivered to its facility in Albuquerque, New Mexico.

    Inphi Corporation (NYSE: IPHI)

    Inphi Corporation (NYSE: IPHI) Shares headed rising, higher as much as 4.40%. The most recent rating by Northland Capital, on August 05, 2020, is at a Market perform. Inphi Corporation (IPHI) announced that it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market (NASDAQ). The Company will retain the “IPHI” ticker with trading on the Nasdaq expected to begin on October 14, 2020.

    Applied Optoelectronics Inc. (NASDAQ: AAOI)

    Applied Optoelectronics Inc. (NASDAQ: AAOI) shares were trading up 1.41% at $11.49 at the time of writing on Monday. Applied Optoelectronics Inc. (NASDAQ: AAOI) share price went from a low point around $5.00 to briefly over $17.57 in the past 52 weeks, though shares have since pulled back to $11.49. AAOI market cap has remained high, hitting $259.10M at the time of writing, giving it a price-to-sales ratio of more than 1.  If we look at the recent analyst rating AAOI, Craig Hallum upgraded coverage on AAOI shares with a Hold rating and a $17.14 price target, which implies room for 5.65% upside momentum this year.

    Amkor Technology Inc. (NASDAQ: AMKR) 

    Amkor Technology Inc. (NASDAQ: AMKR) shares headed rising, higher as much as 3.05%. The most recent rating by Credit Suisse, on September 14, 2020, is at an Outperform. Amkor Technology Inc. (AMKR) shares have fluctuated between the 52-weeks low range of $5.40 and a high range of $15.80. It has moved up 112.78% from its 52-weeks low and moved down -27.28% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 1.80.

    ASE Technology Holding Co. Ltd. (ASX)

    ASE Technology Holding Co. Ltd. (ASX) last closed at $4.14, in a 52-week range of $3.17 to $5.70. Analysts have a consensus price target of $6.01. ASE Technology Holding Co. Ltd. (ASX) has moved up 30.60% from its 52-weeks low and moved down -27.37% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 1.20. ASX market cap has remained high, hitting $9.10 Billion at the time of writing.

    Cree Inc. (NASDAQ: CREE)

    Cree Inc. (NASDAQ: CREE) rose 3.48% after gaining more than $2.23 on Monday. Cree Inc. (CREE) shares have fluctuated between the 52-weeks low range of $27.77 and a high range of $74.72. It has moved up 138.75% from its 52-weeks low and moved down -11.27% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 5.50.

    Cirrus Logic Inc. (NASDAQ: CRUS)

    Cirrus Logic Inc. (CRUS) last closed at $69.76, in a 52-week range of $47.04 to $91.63. Analysts have a consensus price target of $82.63. Cirrus Logic Inc. (CRUS) has moved up 48.30% from its 52-weeks low and moved down -23.87% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 4.20. CRUS market cap has remained high, hitting $4.17 Billion at the time of writing.

    Diodes Incorporated (NASDAQ: DIOD)

    Diodes Incorporated (NASDAQ: DIOD) stock soar by 2.63% to $59.30. The most recent rating by Cowen, on August 07, 2020, is at an Outperform. Diodes Incorporated (DIOD) share price went from a low point around $31.51 to briefly over $59.70 in the past 52 weeks, though shares have since pulled back to $59.30. DIOD market cap has remained high, hitting $3.14 Billion at the time of writing.

    DSP Group Inc. (NASDAQ: DSPG)

    DSP Group Inc. (NASDAQ: DSPG) shares headed rising, higher as much as 4.13%. The most recent rating by Cowen, on February 04, 2020, is at an Outperform. DSP Group Inc. (DSPG) shares have fluctuated between the 52-weeks low range of $10.26 and a high range of $18.77. It has moved up 32.85% from its 52-weeks low and moved down -27.38% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 4.00.

    FormFactor Inc. (NASDAQ: FORM)

    FormFactor Inc. (FORM) last closed at $26.07, in a 52-week range of $16.35 to $33.07. Analysts have a consensus price target of $35.29. FormFactor Inc. (FORM) has moved up 59.45% from its 52-weeks low and moved down -21.17% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 3.70. FORM market cap has remained high, hitting $2.06 Billion at the time of writing.

    GSI Technology Inc. (NASDAQ: GSIT)

    GSI Technology Inc. (NASDAQ: GSIT) stock soar by 5.36% to $5.90. The most recent rating by Needham, on October 28, 2011, is at a Hold. GSI Technology Inc. (GSIT) shares have fluctuated between the 52-weeks low range of $4.75 and a high range of $8.74. It has moved up 24.21% from its 52-weeks low and moved down -32.49% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 9.90.

    ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS)

    ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) rose 1.10% after gaining more than $0.21 on Monday. ChipMOS TECHNOLOGIES INC. (IMOS) share price went from a low point around $15.00 to briefly over $24.83 in the past 52 weeks, though shares have since pulled back to $19.51. IMOS market cap has remained high, hitting $723.83 million at the time of writing.

    inTEST Corporation (AMEX: INTT)

    inTEST Corporation (AMEX: INTT) stock soar by 0.44% to $4.56. The most recent rating by Lake Street, on February 08, 2019, is at a Buy. inTEST Corporation (INTT) market cap has remained high, hitting $49.93 million at the time of writing.

  • 15 Trending Stocks In Semiconductors Industry To Watch And Buy In 2020

    15 Trending Stocks In Semiconductors Industry To Watch And Buy In 2020

    The semi-conductors industry has maintained its position by bringing new technologies essential for future growth. Semi-conductors have become important to the operation of everything from the economy to national security. In 2020, the semi-conductors industry has experienced an increase in growth by 3.3%. Semiconductors spark the engine of technological advancement.

    The significance of this industry is so great that most advanced nations aimed to be competitive in at least some aspect of this critical industry. This industry is bringing new technologies and innovation as time passes by. Advanced semi-conductors create better products that lead to greater demands in this industry.

    Let’s take a quick look at 15 leading companies in the semiconductor industry:

    Intel Corporation (NASDAQ: INTC)

    Intel Corporation (NASDAQ: INTC) last closed at $50.39, in a 52-week range of $43.63 to $69.29. Analysts have a consensus price target of $56.50.  Intel Corporation announced Wednesday that it has released ‘Tiger Lake’ the 11th generation version of its flagship chip for laptops. It has disclosed that its performance is 20% and has a better battery life. This Corporation believed that this new product will help it to achieve its lost market shares. Intel has a total market capitalization of 209.93 billion.

    NVIDIA Corporation (NASDAQ: NVDA)

    NVIDIA Corporation (NASDAQ: NVDA) stock drop by -9.28% to $520.62. The most recent rating by The Benchmark Company, on September 02, 2020, is at a Buy. NVIDIA Corporation has introduced a new line of gaming cards and detailed more video games. NVIDIA said its GeForce RTX 3090, 3080, and 3070 chips will improve the video game graphics and increased the performance and efficiency. It has also announced its plan to release a new line of graphics cards that are two times faster than the predecessors. Its market capitalization remained high, hitting $308.53 billion.

    QUALCOMM Incorporated (NASDAQ: QCOM)

    QUALCOMM Incorporated (NASDAQ: QCOM) last closed at $116.43, in a 52-week range of $58.00 to $123.93. Analysts have a consensus price target of $119.26. QUALCOMM  has introduced a 5G-ready version of its snapdragon 4 chips that have the ability to run on cheaper phones. It is continuously striving to make 5G accessible to all smartphone users. It has earlier announced that it has launched the Snapdragon 732G Mobile Platform, which is an upgrade to the Snapdragon 730G. QUALCOMM Incorporated total market capitalization remained high, hitting 128.49 billion.

    Marvell Technology Group Ltd. (MRVL)

    Marvell Technology Group Ltd. (MRVL) stock drop by -6.96% to $38.32. The most recent rating by Cowen, on August 28, 2020, is at a Market perform. Marvell Technology has earlier disclosed that it has joined the Open RAN policy Coalition. The coalition consists of leading operators and equipment providers, leading policymakers. The purpose behind this coalition is to promote policies that advance the adoption of open and interoperable solutions in the RAN market. It has traded up 132.95% from its 52-weeks low and traded down -7.31% from its 52-weeks high.

    Texas Instruments Incorporated (NASDAQ: TXN)

    Texas Instruments Incorporated (NASDAQ: TXN) last closed at $141.67, in a 52-week range of $93.09 to $148.37. Analysts have a consensus price target of $139.68. Texas Instruments Incorporated has launched the industry’s first DC/DC buck-boost converter to combine programmable input current limit and integrated dynamic voltage scaling to extend battery life by at least 50%. It has moved up 52.19% from its 52-weeks low and moved down -4.52% from its 52-weeks high.

    Maxim Integrated Products Inc. (NASDAQ: MXIM)

    Maxim Integrated Products Inc. (NASDAQ: MXIM) stock drop by -3.05% to $68.55. The most recent rating by Cowen, on April 29, 2020, is at a Market perform. Maxim Integrated Products Inc. (MXIM) has introduced MAX31889 which is a digital temperature sensor that features an unmatched combination of accuracy and power consumption. It has the ability to replace expensive resistance temperature detectors (RTDs) in precise temperature-sensitive applications. It also has the ability to reduce wiring complexity.

    Skyworks Solutions Inc. (NASDAQ: SWKS)

    Skyworks Solutions Inc. (NASDAQ: SWKS) last closed at $139.91, in a 52-week range of $67.90 to $154.24. Analysts have a consensus price target of $141.20. Skyworks Solutions Inc. (NASDAQ: SWKS) disclosed that it has decided to participate in Fireside Chat at the Citi 2020 Global Technology Conference on Sept. 8, 2020. It has moved up 106.05% from its 52-weeks low and moved down -9.29% from its 52-weeks high.

    Broadcom Inc. (NASDAQ: AVGO)

    Broadcom Inc. (NASDAQ: AVGO) fall -6.11% after losing more than -$22.92 on Thursday. Broadcom Inc. Announces Third Quarter Fiscal Year 2020 Financial Results and Quarterly Dividends. Apple Inc (AAPL) supplier Broadcom Inc (AVGO) said on Thursday that a ramp-up of annual chip shipments would be later this year and pointed the later release date. Broadcam Inc has total market capitalization is $139.27 billion.

    Advanced Micro Devices Inc. (NASDAQ: AMD)

    Advanced Micro Devices Inc. (NASDAQ: AMD) shares were trading down -8.51% at $82.54 at the time of writing on Thursday.

    Advanced Micro Devices Inc. (NASDAQ: AMD) share price went from a low point around $27.43 to briefly over $94.28 in the past 52 weeks, though shares have since pulled back to $82.54. AMD market cap has remained high, hitting $94.92B at the time of writing, giving it a price-to-sales ratio of more than 10.

    If we look at the recent analyst rating AMD, Northland Capital downgraded coverage on AMD shares with a market perform rating and a $76.15 price target, which implies room for -6.39% downside momentum this year.

    Micron Technology Inc. (NASDAQ: MU)

    Micron Technology Inc. (NASDAQ: MU) Shares headed falling, lower as much as -3.14%. The most recent rating by Cascend Securities, on August 13, 2020, is at a Buy. Its stocks fluctuated between the 52-weeks low range of $31.13 and a high range of $61.19. It has moved up 48.93% from its 52-weeks low and moved down -24.29% from its 52-weeks high. Micron Technology has a total market capitalization of $50.27 billion.

    Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM)

    Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) fall -1.20% after losing more than -$0.99 on Thursday. During the 52-weeks of trading, this company’s stock has fluctuated between the low of $41.58 and a high of $84.00. TSM has traded up 95.26% from its 52-weeks low and traded down -3.36% from its 52-weeks high. Focusing on ita liquidity, it has a current ratio of 1.40. TSM’s quick ratio is 1.30.

    ON Semiconductor Corporation (NASDAQ: ON)

    ON Semiconductor Corporation (NASDAQ: ON) Shares headed falling, lower as much as -4.16%. The most recent rating by Craig Hallum, on August 11, 2020, is at a Buy. ON Semiconductor Corporation (NASDAQ: ON) total market capitalization has remained high, hitting 8.53 billion. Focusing on its liquidity, it has a current ratio of 2.30.

    Analog Devices Inc. (NASDAQ: ADI)

    Analog Devices Inc. (NASDAQ: ADI) fall -3.87% after losing more than -$4.71 on Thursday. During the past 52-weeks of trading, this company’s stock has oscillated between the low of $79.07 and a high of $127.39. Looking at its profitability, it has a return on assets of 5.20%, return on equity of 9.50%, and return on investment of 9.20%.

    STMicroelectronics N.V. (NYSE: STM)

    STMicroelectronics N.V. (NYSE: STM) Shares headed falling, lower as much as -8.90%. The most recent rating by Bryan Garnier, on June 29, 2020, is at a Buy. Its market capitalization remained high, hitting 25.98 billion. Looking at its liquidity, it has a current ratio of 2.10.

    Inphi Corporation (NYSE: IPHI)

    Inphi Corporation (NYSE: IPHI) stock drop by -8.18% to $108.59. The most recent rating by Northland Capital, on August 05, 2020, is at a Market perform. Inphi Corporation (NYSE: IPHI) has a 52-weeks low and high range of $55.72 and $142.00, respectively. Its market capitalization remained high, hitting $5.60 billion at the time of writing.