It's not often you find a growing stock levered to 5G, data centers, and other communications trends trading at just 15.8 times forward earnings with a … Much of the future growth will be based on the organic potential of the company. Flat bases are one of the few reliable patterns that quality stocks form before they make substantial price advances. Broadcom has developed a complete 5G switching portfolio that includes six devices: Monterey, ... we’ll look at Broadcom’s stock valuation and whether it’s … Fourth-quarter net income increased 65% year-over-year to a record $1.3 billion, or $2.93 per share. For more information on Wi-Fi 6E, please visit https://www.broadcom.com/info/wifi6e.The Broadcom® BCM4389 and Samsung Galaxy S21 Ultra bring additional benefits to consumers worldwide. All rights reserved. ...when you opt-in for our daily e-letter, Profit Confidential and the special offers that come with it! Qualcomm may not be the best 5G stock to buy for investors simply basing their analysis on price targets and current prices alone. The chip delivers multi-gigabit Wi-Fi 6 performance in the existing 5 GHz band with 160 MHz capabilities. Wi-Fi 6E, the latest generation of Wi-Fi, delivers multi-gigabit speeds and millisecond latencies by operating in the 6 GHz band. 5G elevates our communication to an entirely new dimension. Countries, including the United States and South Korea, have tripled the available Wi-Fi spectrum by opening up 1.2 GHz of spectrum in the 6 GHz band for unlicensed use. "Broadcom investors get both a powerful dividend stock and a high-octane growth story, all rolled into one ticker" - Nicholas Rossolillo, The Motley Fool “Through a mixture of strategic acquisitions and its own research efforts, Broadcom has become a market-defining name in [5G wireless networking, connected cars, and industrial automation], and then some,” he noted. Broadcom's (NASDAQ:AVGO) stock has tripled over the past five years as the wireless chipmaker once known as Avago aggressively expanded through big acquisitions. Broadcom Inc: 5G Giant in Record Territory Off Strong Q4 Results By John Whitefoot, BA Published : January 4, 2021 Broadcom Stock Rallies 36% in 2020, But 2021 More Bullish Broadcom Inc (NASDAQ: AVGO) reported strong quarterly results Thursday, sending the semiconductor stock higher.. 5G also augurs well for tech firms, as they can launch new AI applications to solve real-life problems. Other trademarks are the property of their respective owners.Press Contact: Khanh Lam Corporate Communications press.relations@broadcom.com Telephone: +1 408 433 8649. No part of this document may be used or reproduced in any manner or means, including print, electronic, mechanical, or by any information storage and retrieval system whatsoever, without written permission from the copyright holder. Since the start of November, AVGO stock has climbed an impressive 22.5%. Broadcom Inc is a diversified, global company that develops and manufactures semiconductor and infrastructure software products. Hock Tan, Broadcom’s president and CEO, said the following: We concluded the year with strong fourth quarter results driven by continued demand for networking from cloud and for broadband from service providers as well as the significant ramp in wireless, even as enterprise demand remained soft. Street Underestimating AVGO's Booming 5G Wireless Tech Business . During fiscal 2020, Broadcom generated $11.6 billion in free cash flow from operations, compared to $9.3 billion in fiscal 2019. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's giving away his top pick for free right here. And they’ve been able to do just that when it comes to Broadcom. Qualcomm and Broadcom Stock Have Nearby Support Jim Cramer has identified a 5G wireless bull market. These environments drive Broadcom’s development of enterprise 5G Wi-Fi network solutions. The company reported strong fiscal fourth-quarter revenue and earnings growth. As of this writing, Broadcom stock is up 33.8% year-over-year and 36.3% year-to-date. Subscribe to Premium to view Fair Value for AVGO, Samsung Galaxy S21 Ultra delivers unprecedented multi-gigabit, low-latency Wi-Fi leveraging the 6 GHz bandSAN JOSE, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) -- Broadcom Inc. (NASDAQ: AVGO) today announced that the BCM4389 chip enables the world’s first Wi-Fi 6E phone, the Samsung Galaxy S21 Ultra. In terms of reliability, the 5G WiFi chips also offers enhanced consistency by providing a channel bandwidth of more than 80 MHz which is significantly more bandwidth than you would get with an 802.11n chip. U.S. President Donald Trump has blocked microchip maker Broadcom Ltd's $117 billion takeover of rival Qualcomm amid concerns that it … Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. Despite the challenging environment and economic uncertainties, Broadcom Inc was able to report strong fourth-quarter revenue growth and record profitability. In addition to Wi-Fi 6E, Broadcom BCM4389’s TBS connectivity architecture brings better Wi-Fi QoS, more precise indoor location accuracy and five times better battery utilization compared to current flagship connectivity solutions. It looks like 2021 will be just as beneficial for Broadcom investors. Today, this partnership has made the Samsung Galaxy S21 Ultra a showcase for the immersive possibilities with Wi-Fi 6E, and a harbinger for the technological disruptions that await us with Wi-Fi in the 6 GHz band.”“As the 6 GHz band continues to open up in countries across the world and as the 5 GHz band becomes increasingly crowded in many areas, the time to include Wi-Fi 6E in devices is now,” said Phil Solis, research director at IDC. Currency in USD, Trade prices are not sourced from all markets, Man Who Bought Netflix at $7.78 Says Buy This Now. The Broadcom Analysts: BofA Securities analyst Vivek Arya reiterated a … ... and new 5G … Broadcom’s 5G WiFi chip can reach much faster speeds through the use of three streams of specified 802.11ac which work together to achieve speeds which are in excess of 1 Gbps. At 23,000, Broadcom has one of the industry’s biggest patent portfolios. On December 10, Broadcom Inc announced that its revenue for the fourth quarter of fiscal 2020, ended November 1, increased 12% year-over-year to $6.5 billion. Broadcom Inc is a diversified chipmaker that provides investors with strong capital gains and dividend growth. Find the latest Broadcom Inc. (AVGO) stock quote, history, news and other vital information to help you with your stock trading and investing. This is FREE from Profit Confidential. Some, however, are indeed suitable as income investments, and Broadcom and Intel belong to that group. Broadcom Inc.(Nasdaq:AVGO): 5G is the next big thing, and it's arriving in a couple of months. https://www.profitconfidential.com/wp-content/uploads/2020/12/PC-article_Jan-4-2021_t20_b63lXX-300x213.jpg, Broadcom Inc., Company Overview, December 2020, Broadcom Inc. 3 Stocks To Watch Amid Cybersecurity Rally, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. And it has soared an eyewatering 177% since bottoming in March. Instead, investors rely on them for consistent, reliable gains. Our infrastructure software segment continued to be stable and delivered solid results. Finland's Nokia Oyj said on Monday it had partnered with Broadcom to develop chips for 5G equipment in its third such deal following ones with Intel and Marvell. Adjusted net income increased 5.7% to almost $10.0 billion, or $22.16 per share. Credit Card is NOT required. The BCM4389 was the world’s first Wi-Fi chip authorized by the FCC to operate in the 6 GHz band. CFRA notes growth drivers in routing platforms, custom cloud solutions, and RF content gains from 5G phone launches. Massive Shift in Marijuana Stocks, with Potential to See 100% Gains in 2021, What You Need to Know about Marijuana Stocks in 2021 in Order to Profit, 3 Top Green Energy Stocks Under Biden's Environmental Push, Logitech International SA: Tech Stock Soaring After Reaching Major Milestone. At the beginning of the month, Broadcom’s shares climbed to an all-time high of $377.34 but retreated in the run-up to the earnings announcement. Broadcom is also benefiting from the 5G revolution, though perhaps because its business is more diversified than Marvell and Qualcomm, its stock didn't rise quite as much. From the start of 2013 until the close of 2019, Broadcom’s share price expanded at a compound annual growth rate (CAGR) of 41.5%. This $1 Marijuana Stock on the Verge of Breakout? Adjusted earnings net income was up 19% at $2.9 billion, or $6.35 per share. During the fourth quarter, Broadcom generated $3.2 billion in free cash flow from operations, compared to $2.4 billion in the same period in the previous year. Consequently, prominent players such as Taiwan Semiconductor (TSM), ASML Holding (ASML), Texas Instruments (TXN), and Broadcom (AVGO) should continue performing well. Management hiked its quarterly dividend by 11% to $3.60 per share and said it expects first-quarter 2021 revenue to climb 13%. Though the stock has regained momentum after that, currently it is trading down 24% from last year’s levels. (Source: “Broadcom Inc. Its multi-radio Bluetooth 5 architecture creates robust links to audio headsets even in heavily congested locations like subway stations. From that perspective, QCOM stock doesn’t look stellar. It’s up 33% so far in 2020. 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