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Broadcom Inc. (AVGO) Report Analysis

Corporate Events

Negative

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russe...

2022-06-24 00:00:00

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russell 1000 Growth-Defensive Index

Negative

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russe...

2022-06-24 00:00:00

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russell 1000 Defensive Index

Neutral

Broadcom Inc. Presents at Bank of America 2022 ...

2022-06-06 04:36:00

Broadcom Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-07-2022 12:45 PM. Venue: Ritz Carlton, San Francisco, Califor...

Neutral

Broadcom Inc. Provides Revenue Guidance for Thi...

2022-05-26 11:01:00

Broadcom Inc. provided revenue guidance for third quarter of fiscal year 2022, ending July 31, 2022. For the period, the company expects reven...

Positive

Broadcom Inc. Approves Quarterly Cash Dividend ...

2022-05-26 11:01:00

Broadcom Inc. approved a quarterly cash dividend on its common stock of $4.10 per share. The common stock dividend is payable on June 30, 2022...

Positive

Broadcom Inc. Approves Quarterly Cash Dividend ...

2022-05-26 11:01:00

Broadcom Inc. approved a quarterly cash dividend on its 8.00% Mandatory Convertible Preferred Stock, Series A, of $20.00 per share. This divid...

Positive

Broadcom Inc., VMware, Inc. - M&A Call

2022-05-26 11:00:00

Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock

Positive

Broadcom Inc. (NasdaqGS:AVGO) announces an Equi...

2022-05-26 08:07:00

Broadcom Inc. (NasdaqGS:AVGO) announces a share repurchase program. Under the program, the company will repurchase up to $10,000 million worth...

Neutral

Tranche Update on Broadcom Inc. (NasdaqGS:AVGO)...

2022-05-26 07:29:00

From February 1, 2022 to May 1, 2022, the company has repurchased 5,600,000 shares, representing 1.37% for $3,290 million. With this, the comp...

Positive

Broadcom Inc. authorizes a Buyback Plan.

2022-05-26 00:00:00

The Board of Directors of Broadcom Inc. has authorized a buyback plan on May 26, 2022.

Positive

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire...

2022-05-26 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire VMware, Inc. (NYSE:VMW) from Michael S. Dell, Silver Lake Management, L.L.C., Silver Lake Part...

Positive

Broadcom Inc., $ 4.10, Cash Dividend, Jun-21-2022

2022-05-26 00:00:00

Broadcom Inc., $ 4.10, Cash Dividend, Jun-21-2022

Neutral

LitePoint Collaborates with Broadcom Inc. to En...

2022-05-25 13:00:00

LitePoint announced its collaboration with Broadcom Inc. to ensure performance and accelerate verification of access points based on Broadcom’...

Positive

Broadcom Reportedly in Talks to Acquire VMware

2022-05-23 13:41:00

Broadcom Inc. (NasdaqGS:AVGO) is in talks to acquire VMware, Inc. (NYSE:VMW) setting up a blockbuster tech deal that would vault the chipmaker...

Positive

Broadcom Inc. Delivers World’s First 50G Automo...

2022-05-23 13:00:00

Broadcom Inc. announced it has delivered its high bandwidth monolithic automotive Ethernet switch device, the BCM8958X, designed to address th...

Neutral

Broadcom Inc. Announces Expanding Opportunities...

2022-05-03 12:00:00

Broadcom Inc. announced expanding opportunities for organizations to gain greater value from the company’s advanced AI, security, and hybrid c...

Neutral

Broadcom Inc. to Report Q2, 2022 Results on Jun...

2022-05-02 12:30:00

Broadcom Inc. announced that they will report Q2, 2022 results After-Market on Jun 02, 2022

Positive

Broadcom Inc. Completes Its Issuance and Sale o...

2022-04-15 10:42:00

On April 14, 2022, Broadcom Inc. completed its issuance and sale of $1,950 million in aggregate principal amount of senior unsecured notes com...

Positive

Broadcom Inc. Announces Pricing Terms of its Pr...

2022-04-15 00:45:00

Broadcom Inc. announced the pricing terms of the company's new notes due 2037 (New Notes) to be issued in connection with its offers to eligib...

Positive

Broadcom Inc. Announces Early Participation Res...

2022-04-14 12:30:00

Broadcom Inc. announced the results, as of the Early Participation Date of 5:00 p.m., New York City time, on April 13, 2022, of its offers to ...

Positive

Broadcom Inc. has announced a Fixed-Income Exch...

2022-04-14 00:00:00

Broadcom Inc. has announced a Fixed-Income Exchange Offer. Security Name: 4.926% Senior Notes due December 31, 2037 Security Type: Corpora...

Positive

Broadcom Inc. Announces Availability of First W...

2022-04-12 13:00:00

Broadcom Inc. announced sample availability of its complete end-to-end chipset solutions for the Wi-Fi 7 ecosystem, spanning Wi-Fi routers, re...

Positive

Broadcom Inc. Announces Pricing of Private Offe...

2022-04-01 01:30:00

Broadcom Inc. announced that it has priced its previously announced offering of $750,000,000 of 4.00% Senior Notes due 2029 and $1,200,000,000...

Positive

Broadcom Inc. has completed a Fixed-Income Offe...

2022-04-01 00:00:00

Broadcom Inc. has completed a Fixed-Income Offering in the amount of $1.197372 billion. Security Name: 4.15% Senior Unsecured Notes due Apr...

Positive

Broadcom Inc. Announces Commencement of Private...

2022-03-31 13:00:00

Broadcom Inc. announced that it intends to offer senior notes due 2029 and senior notes due 2032, subject to market conditions and other facto...

Positive

Broadcom Inc. has announced a Fixed-Income Exch...

2022-03-31 00:00:00

Broadcom Inc. has announced a Fixed-Income Exchange Offer. Security Name: Floating Rate Senior Notes due May 15, 2037 Security Type: Corpo...

Positive

Broadcom Inc. has completed a Fixed-Income Offe...

2022-03-31 00:00:00

Broadcom Inc. has completed a Fixed-Income Offering in the amount of $749.6325 million. Security Name: 4.00% Senior Unsecured Notes due Apr...

Positive

Broadcom Inc. has announced a Fixed-Income Offering.

2022-03-31 00:00:00

Broadcom Inc. has announced a Fixed-Income Offering. Security Name: Senior Notes due 2029 Security Type: Corporate Bond/Note (Non Converti...

Positive

Broadcom Inc. has completed a Fixed-Income Exch...

2022-03-31 00:00:00

Broadcom Inc. has completed a Fixed-Income Exchange Offer. Security Name: Floating Rate Senior Notes due May 15, 2037 Security Type: Corpo...

Neutral

Bank of America Corporation, Bank of America 20...

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Fr...

Neutral

Broadcom Inc. - Special Call

2022-03-08 14:28:00

Custom Silicon Teach-In

Neutral

Tranche Update on Broadcom Inc. (NasdaqGS:AVGO)...

2022-03-03 16:18:00

From December 9, 2021 to January 30, 2022, the company has repurchased 4,000,000 shares, representing 0.97% for $2,724 million. With this, the...

Neutral

Broadcom Inc. Presents at DesignCon 2022, Apr-0...

2022-02-27 11:41:00

Broadcom Inc. Presents at DesignCon 2022, Apr-05-2022 through Apr-07-2022. Venue: Santa Clara Convention Center, Santa Clara, California, Unit...

Neutral

Broadcom Inc., Annual General Meeting, Apr 04, 2022

2022-02-18 21:02:00

Broadcom Inc., Annual General Meeting, Apr 04, 2022, at 11:00 Pacific Standard Time. Location: 1320 ridder park drivesan jose San Jose Califor...

Positive

Broadcom Inc. (NasdaqGS:AVGO) completed the acq...

2022-02-01 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire AppNeta, Inc. on December 7, 2021. Amr Razzak, Joseph Yaffe, Karen Corman and Ken Kumayama of ...

Neutral

Informa Markets Limited, DesignCon 2022, Apr 05...

2022-01-24 17:51:00

Informa Markets Limited, DesignCon 2022, Apr 05, 2022 through Apr 07, 2022. Venue: Santa Clara Convention Center, Santa Clara, California, Uni...

Neutral

RichWave Technology Corporation, 2021 RichWave ...

2021-12-17 04:43:00

RichWave Technology Corporation, 2021 RichWave Technology Symposium, Dec 17, 2021.

Neutral

Broadcom Inc. Presents at 2021 RichWave Technol...

2021-12-17 04:43:00

Broadcom Inc. Presents at 2021 RichWave Technology Symposium, Dec-17-2021 01:35 PM. Speakers: Eugene Chow, Senior AE Director.

Positive

Broadcom Inc. Announces Quarterly Cash Dividend...

2021-12-09 21:15:00

Broadcom Inc. board of Directors has also approved a quarterly cash dividend on its 8.00% Mandatory Convertible Preferred Stock, Series A, of ...

Neutral

Broadcom Inc. Provides Revenue Guidance for the...

2021-12-09 21:15:00

Broadcom Inc. provided revenue guidance for the first quarter ending January 30, 2022. For the quarter, the company expected revenue of approx...

Positive

Broadcom Inc. Announces Quarterly Cash Dividend...

2021-12-09 21:15:00

Broadcom Inc. board of Directors has approved a quarterly cash dividend on its common stock of $4.10 per share. The common stock dividend is p...

Positive

Broadcom Inc. (NasdaqGS:AVGO) announces an Equi...

2021-12-09 16:27:00

Broadcom Inc. (NasdaqGS:AVGO) announces a share repurchase program. Under the program, the company will repurchase up to $10,000 million worth...

Positive

Broadcom Inc. authorizes a Buyback Plan.

2021-12-09 00:00:00

The Board of Directors of Broadcom Inc. has authorized a buyback plan on December 9, 2021.

Positive

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire...

2021-12-07 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire AppNeta, Inc. on December 7, 2021. Amr Razzak, Joseph Yaffe, Karen Corman and Ken Kumayama of ...

Positive

Broadcom Inc., $ 4.10, Cash Dividend, Dec-21-2021

2021-12-07 00:00:00

Broadcom Inc., $ 4.10, Cash Dividend, Dec-21-2021

Neutral

Broadcom Inc. Presents at OCP Global Summit, No...

2021-11-09 17:28:00

Broadcom Inc. Presents at OCP Global Summit, Nov-08-2021 . Venue: San Jose McEnery Convention Center, San Jose, California, United States.

Positive

Broadcom Announces Industry’s First 100G/lane O...

2021-11-08 18:00:00

Broadcom Inc. announced its 100G/lane optical PAM-4 DSP PHY families with integrated transimpedance amplifier (TIA) and laser driver, the Jesk...

Neutral

Broadcom Inc. to Report Q4, 2021 Results on Dec...

2021-11-08 13:00:00

Broadcom Inc. announced that they will report Q4, 2021 results After-Market on Dec 09, 2021

Neutral

Broadcom Inc., Q4 2021 Earnings Call, Dec 09, 2021

2021-11-08 13:00:00

Broadcom Inc., Q4 2021 Earnings Call, Dec 09, 2021

Neutral

Forrester Research, Inc., Technology & Innovati...

2021-11-04 09:00:00

Forrester Research, Inc., Technology & Innovation EMEA 2021, Nov 17, 2021 through Nov 18, 2021.

Neutral

Broadcom Inc. Presents at Technology & Innovati...

2021-11-04 09:00:00

Broadcom Inc. Presents at Technology & Innovation EMEA 2021, Nov-17-2021 . Speakers: Stanley Toh, Head of End-User Services and Experience.

Positive

Perforce Software, Inc. completed the acquisiti...

2021-11-01 00:00:00

Perforce Software, Inc. agreed to acquire BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO) on September 30, 2021. Completion of the acquisiti...

Positive

Broadcom Inc. (NasdaqGS:AVGO) acquired Silicon ...

2021-10-08 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) acquired Silicon Photo Multiplier (SiPM) assets of KETEK on October 7, 2021. Broadcom will take over all SiPM pr...

Neutral

Broadcom Inc. Presents at DevOps Enterprise Sum...

2021-10-02 05:33:00

Broadcom Inc. Presents at DevOps Enterprise Summit Virtual – US 2021, Oct-05-2021 11:20 AM. Speakers: Keith Puzey, DevOps Architect, Broadcom ...

Positive

Broadcom Inc. Completes the Early Settlement of...

2021-09-30 20:02:00

On September 30, 2021, Broadcom Inc. completed the early settlement of its previously announced private offers to exchange certain specified s...

Positive

Perforce Software, Inc. agreed to acquire Blaze...

2021-09-30 00:00:00

Perforce Software, Inc. agreed to acquire BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO) on September 30, 2021. Completion of the acquisiti...

Positive

Broadcom Inc. Announces Pricing Terms of Its Pr...

2021-09-28 01:00:00

Broadcom Inc. announced the pricing terms of the Company's new notes due 2035 and new notes due 2036 to be issued in connection with its offer...

Positive

Broadcom Introduces L1/L5 GNSS Receiver for Mob...

2021-09-22 13:00:00

Broadcom Inc. announced the lowest power L1/L5 GNSS receiver chip, the BCM4778, optimized for mobile and wearable applications. Equipped with ...

Neutral

Broadcom Inc. Presents at ION GNSS+ 2021, Sep-24-2021

2021-09-22 13:00:00

Broadcom Inc. Presents at ION GNSS+ 2021, Sep-24-2021 .

Positive

Broadcom Inc. Announces Private Exchange Offers...

2021-09-13 21:27:00

Broadcom Inc. announced the commencement of offers to all eligible holders (together, the Exchange Offers) of the Company’s or its subsidiarie...

Positive

Broadcom Inc. has announced a Fixed-Income Exch...

2021-09-13 00:00:00

Broadcom Inc. has announced a Fixed-Income Exchange Offer. Security Name: Notes due 2035 Security Type: Corporate Bond/Note (Non Convertib...

Neutral

Broadcom Inc. - Analyst/Investor Day

2021-09-07 21:33:00

Broadcom Inc. - Analyst/Investor Day

Neutral

Broadcom Inc. Presents at Citi 2021 Global Tech...

2021-09-07 21:32:00

Broadcom Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 02:40 PM.

Neutral

Broadcom Inc. Presents at Deutsche Bank Technol...

2021-09-04 17:31:00

Broadcom Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 02:30 PM.

Positive

Broadcom Inc. Approves Quarterly Cash Dividend ...

2021-09-02 20:15:00

The Board of Directors of Broadcom Inc. has approved a quarterly cash dividend on its common stock of $3.60 per share. The common stock divide...

Positive

Broadcom Inc. Approves Quarterly Cash Dividend ...

2021-09-02 20:15:00

The Board of Directors of Broadcom Inc. has also approved a quarterly cash dividend on its 8.00% Mandatory Convertible Preferred Stock, Series...

Positive

Broadcom Inc., $ 3.60, Cash Dividend, Sep-21-2021

2021-09-01 00:00:00

Broadcom Inc., $ 3.60, Cash Dividend, Sep-21-2021

Neutral

The Institute of Navigation, Inc, ION GNSS+ 202...

2021-08-27 07:50:00

The Institute of Navigation, Inc, ION GNSS+ 2021, Sep 20, 2021 through Sep 24, 2021.

Neutral

Broadcom Inc. Presents at 2nd annual Open Mainf...

2021-08-12 13:54:00

Broadcom Inc. Presents at 2nd annual Open Mainframe Summit, Sep-22-2021 through Sep-23-2021. Presentation Date & Speakers: Sep-22-2021, Greg L...

Neutral

Broadcom Inc. Presents at Keynote DesignCon 202...

2021-08-12 13:32:00

Broadcom Inc. Presents at Keynote DesignCon 2021, Aug-16-2021 through Aug-18-2021. Venue: San Jose McEnery Convention Center, San Jose, Califo...

Neutral

The Linux Foundation, 2nd annual Open Mainframe...

2021-08-12 13:00:00

The Linux Foundation, 2nd annual Open Mainframe Summit, Sep 22, 2021 through Sep 23, 2021.

Neutral

Broadcom Inc. Presents at Open Source Strategy ...

2021-08-11 14:22:00

Broadcom Inc. Presents at Open Source Strategy Forum, Oct-05-2021 01:10 PM. Venue: London, United Kingdom. Speakers: Jessielaine Punongbayan, ...

Neutral

Broadcom, Cisco and Facebook Bring Software Gro...

2021-08-10 14:00:00

Broadcom, Cisco, and Facebook announced the creation of the Open Automated Frequency Coordination (Open AFC) Software Group within the ZATelec...

Neutral

DZS Inc. Expands Collaboration with Broadcom on...

2021-08-02 12:01:00

DZS Inc. announced its expanded collaboration with Broadcom to advance open standards and bring to market next-generation high-speed optical b...

Neutral

Broadcom Inc. to Report Q3, 2021 Results on Sep...

2021-08-02 12:00:00

Broadcom Inc. announced that they will report Q3, 2021 results After-Market on Sep 02, 2021

Neutral

Broadcom Inc., Q3 2021 Earnings Call, Sep 02, 2021

2021-08-02 12:00:00

Broadcom Inc., Q3 2021 Earnings Call, Sep 02, 2021

Positive

Broadcom Reportedly No Longer in Talks to Buy S...

2021-07-13 23:29:00

Talks for Broadcom Inc. (NasdaqGS:AVGO) to buy SAS Institute Inc. have ended after the founders of the closely held software company changed t...

Positive

Broadcom Reportedly in Talks to Buy SAS Institute

2021-07-12 16:19:00

Broadcom Inc. (NasdaqGS:AVGO) is in talks to buy SAS Institute Inc. according to people familiar with the matter, in the latest move by the te...

Neutral

The Linux Foundation, Open Source Strategy Foru...

2021-06-30 09:15:00

The Linux Foundation, Open Source Strategy Forum, Oct 04, 2021 through Oct 05, 2021. Venue: London, United Kingdom.

Neutral

Informa Markets Limited, Keynote DesignCon 2021...

2021-06-29 13:02:00

Informa Markets Limited, Keynote DesignCon 2021, Aug 16, 2021 through Aug 18, 2021. Venue: San Jose McEnery Convention Center, San Jose, Calif...

Negative

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russell 1000 Growth-Defensive Index

2022-06-24 00:00:00

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russell 1000 Growth-Defensive Index

Negative

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russell 1000 Defensive Index

2022-06-24 00:00:00

Broadcom Inc.(NasdaqGS:AVGO) dropped from Russell 1000 Defensive Index

Neutral

Broadcom Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-07-2022 12:45 PM

2022-06-06 04:36:00

Broadcom Inc. Presents at Bank of America 2022 Global Technology Conference, Jun-07-2022 12:45 PM. Venue: Ritz Carlton, San Francisco, California, United States. Speakers: Hock E. Tan, CEO, President & Executive Director.

Neutral

Broadcom Inc. Provides Revenue Guidance for Third Quarter of Fiscal Year 2022, Ending July 31, 2022

2022-05-26 11:01:00

Broadcom Inc. provided revenue guidance for third quarter of fiscal year 2022, ending July 31, 2022. For the period, the company expects revenue guidance of approximately $8.4 billion.

Positive

Broadcom Inc. Approves Quarterly Cash Dividend on Its Common Stock, Payable on June 30, 2022

2022-05-26 11:01:00

Broadcom Inc. approved a quarterly cash dividend on its common stock of $4.10 per share. The common stock dividend is payable on June 30, 2022 to common stockholders of record at the close of business (5:00 p.m. Eastern Time) on June 22, 2022.

Positive

Broadcom Inc. Approves Quarterly Cash Dividend on Its 8.00% Mandatory Convertible Preferred Stock, Series A, Payable on June 30, 2022

2022-05-26 11:01:00

Broadcom Inc. approved a quarterly cash dividend on its 8.00% Mandatory Convertible Preferred Stock, Series A, of $20.00 per share. This dividend is payable on June 30, 2022 to preferred stockholders of record at the close of business (5:00 p.m. Eastern Time) on June 15, 2022.

Positive

Broadcom Inc., VMware, Inc. - M&A Call

2022-05-26 11:00:00

Broadcom to Acquire VMware for Approximately $61 Billion in Cash and Stock

Positive

Broadcom Inc. (NasdaqGS:AVGO) announces an Equity Buyback for $10,000 million worth of its shares.

2022-05-26 08:07:00

Broadcom Inc. (NasdaqGS:AVGO) announces a share repurchase program. Under the program, the company will repurchase up to $10,000 million worth of its own shares. The plan will be valid up to December 31, 2023.

Neutral

Tranche Update on Broadcom Inc. (NasdaqGS:AVGO)'s Equity Buyback Plan announced on December 9, 2021.

2022-05-26 07:29:00

From February 1, 2022 to May 1, 2022, the company has repurchased 5,600,000 shares, representing 1.37% for $3,290 million. With this, the company has completed the repurchase of 9,600,000 shares, representing 2.33% for $6,014 million under the buyback announced on December 9, 2021.

Positive

Broadcom Inc. authorizes a Buyback Plan.

2022-05-26 00:00:00

The Board of Directors of Broadcom Inc. has authorized a buyback plan on May 26, 2022.

Positive

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire VMware, Inc. (NYSE:VMW) from Michael Dell, Silver Lake Management, L.L.C., Silver Lake Partners V DE (AIV), L.P., SL SPV-2, L.P. and others for $61.1 billion.

2022-05-26 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire VMware, Inc. (NYSE:VMW) from Michael S. Dell, Silver Lake Management, L.L.C., Silver Lake Partners V DE (AIV), L.P., SL SPV-2, L.P. and others for approximately $61.1 billion on May 26, 2022. As per the terms of the transaction, VMware shareholders will elect to receive either $142.50 in cash or 0.2520 shares of Broadcom common stock for each VMware share. In addition, Broadcom will assume $8 billion of VMware net debt. The shareholder election will be subject to proration, resulting in approximately 50% of VMware’s shares being exchanged for cash consideration and 50% being exchanged for Broadcom common stock. Upon closing of the transaction, based on the outstanding shares of each company as of the date hereof, current Broadcom shareholders will own approximately 88% stake and current VMware shareholders will own approximately 12% stake of the combined company on a fully diluted basis. In connection with the transaction, Broadcom obtained commitments from a consortium of banks for $32 billion in new, fully committed debt financing. The agreement provides for a “go-shop” provision under which VMware and its Board of Directors may actively solicit, receive, evaluate and potentially enter negotiations with parties that offer alternative proposals expiring on July 5, 2022. Following the closing of the transaction, the Broadcom Software Group will rebrand and operate as VMware. The transaction is subject to the receipt of regulatory approvals and other customary closing conditions, including approval by VMware shareholders, Form S-4 shall have become effective under the Securities Act and any waiting period applicable under the HSR Act shall have expired or been terminated. The transaction has been unanimously approved by the boards of directors of both companies. As of May 26, 2022, Broadcom and Michael S. Dell entered into a voting agreement under which the Dell Stockholders agreed to vote all of their shares of VMware Common Stock in favor of the adoption of the Merger Agreement. The transaction is expected to be completed in Broadcom’s fiscal year 2023. The transaction is expected to add approximately $8.5 billion of pro forma EBITDA from the acquisition within three years post-closing. Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are serving as financial advisors to Broadcom. David C. Karp, Ronald C. Chen and Viktor Sapezhnikov of Wachtell, Lipton, Rosen & Katz and O’Melveny & Myers LLP are serving as legal counsel to Broadcom, and Cleary Gottlieb Steen & Hamilton LLP is serving as regulatory counsel. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are serving as financial advisors and fairness opinion providers to VMware, and Barbara L. Becker, Saee Muzumdar and Andrew Kaplan of Gibson, Dunn & Crutcher LLP is serving as legal counsel. Michael Diz, Jennifer Chu and William Regner of Debevoise & Plimpton LLP acted as the legal advisor to JP Morgan. Bill Hartnett, Sean Davis and Dan Anderson of Cahill Gordon & Reindel LLP advised the financing sources in the transaction. Atif Azher, Bill Dougherty, Naveed Anwar, Drew Purcell, Russell Light, Ken Wallach, Hui Lin, Tristan Brown, Lori Lesser, Jennifer Nadborny, Sara Razi and Kelly Karapetyan of Simpson Thacher & Bartlett LLP acted as legal advisor to Silver Lake.

Positive

Broadcom Inc., $ 4.10, Cash Dividend, Jun-21-2022

2022-05-26 00:00:00

Broadcom Inc., $ 4.10, Cash Dividend, Jun-21-2022

Neutral

LitePoint Collaborates with Broadcom Inc. to Ensure Performance and Accelerate Verification of New Wi-Fi 7 Chips

2022-05-25 13:00:00

LitePoint announced its collaboration with Broadcom Inc. to ensure performance and accelerate verification of access points based on Broadcom’s new Wi-Fi 7 chips. LitePoint’s IQxel-MX tester has been selected to test Broadcom’s chips, since this test platform enables comprehensive validation of key new Wi-Fi 7 access point and client features, all of which are critical to ensuring the high speed and low-latency communications to support next generation applications such as augmented reality (AR) and virtual reality (VR). For residential and enterprise users, Wi-Fi 7 offers higher throughput, reduced latency and higher reliability, due to many key enhancements to the standard including 4096-QAM modulation, extra-wide 320 MHz channels and flexibility to operate in all 3 frequency bands. Multi-Link Operation (MLO) further increases Wi-Fi’s capability to operate in high-density congested environments by allowing access points to schedule transmissions on multiple links to optimize bandwidth, latency and range. With best-in-class RF performance, the IQxel-MX is optimized to validate a device’s wireless signal quality and optimal operation over multiple links and multiple bands. This makes the IQxel-MX the best choice for accelerating R&D development of next generation Wi-Fi access points that utilize Broadcom’s Wi-Fi 7 chipsets. The IQxel-MX is a fully integrated RF PHY test solution with signal generation and analysis combined in a single tester, supporting a continuous frequency range from 400 MHz to 7.3 GHz. With an analysis bandwidth of 320 MHz and best-in-class residual Error Vector Magnitude (EVM) floor. The unique signal combination architecture supports MLO without external hardware, and high order MIMO testing. The IQxel-MX addresses the requirements of the IEEE 802.11be (Wi-Fi 7), 802.11ax (Wi-Fi 6, Wi-Fi 6E) and IEEE 802.11 legacy specifications, as well as a full range of connectivity standards (Bluetooth 5.x, Zigbee, Z-Wave).

Positive

Broadcom Reportedly in Talks to Acquire VMware

2022-05-23 13:41:00

Broadcom Inc. (NasdaqGS:AVGO) is in talks to acquire VMware, Inc. (NYSE:VMW) setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of software. The takeover discussions are ongoing and there’s no guarantee they will lead to an agreement, people with knowledge of the matter said, asking not to be identified because the talks are private. VMware currently has a market valuation of about $40 billion. Assuming a typical premium, the potential deal price would be higher, though the terms under consideration couldn’t be learned. A deal for VMware would rank among the biggest-ever acquisitions of a technology company. The industry has been one of the bright spots for bankers in recent months, even as the overall pace of deal-making slows from 2021’s record pace. A representative for VMware declined to comment. A representative for Broadcom wasn’t available for comment.

Positive

Broadcom Inc. Delivers World’s First 50G Automotive Ethernet Switch

2022-05-23 13:00:00

Broadcom Inc. announced it has delivered its high bandwidth monolithic automotive Ethernet switch device, the BCM8958X, designed to address the growing bandwidth need for in-vehicle networking applications and facilitate the adoption of software defined vehicles (SDV). The BCM8958X features 16 Ethernet ports of which up to six are 10 Gbps capable, as well as integrated 1000BASE-T1 and 100BASE-T1 PHYs, providing greater flexibility and switching capacity needed to support automotive zonal electronic control unit (ECU) and central compute ECU architectures. Additionally, this switch is equipped with an advanced rule-based packet filter engine that can adapt to different vehicle operation modes to enhance driving safety. In-vehicle networks continue to evolve with growing bandwidth demands and design complexity as the number of sensors, high-resolution cameras and displays increases. The zonal ECUs need to aggregate the data from these connected devices in real time and securely share them across central compute ECUs. The BCM8958X is optimized for use in both zonal ECUs and central compute ECUs that can switch and route large volumes of data for real time decision making. Together with the BroadR-Reach® PHYs (BCM8983X, BCM8988X, and BCM8989X) and sensor MCUs (BCM8910X), Broadcom provides the industry’s most comprehensive automotive Ethernet portfolio to enable an end-to-end network in the car. SDV is emerging as the next wave of automotive network transformation, and its adoption is gaining strong traction. SDV eliminates the static nature of today’s in-vehicle networks and brings flexibility, programmability, and scalability to automotive networking to enable unprecedented real-time capabilities and cost efficiency across the automotive value chain. The BCM8958X provides the interface scalability, hardware virtualization, Layer 3 routing, MACsec and Layer 2 security needed to support new software applications and features for SDV. BCM8958X Product Highlights: 6th generation automotive switch chip with 55 Gb/s switching capacity; 16-port monolithic die switch; Six 10G ports: XFI or PCIe x1 4.0 with SRIOV; Integrated 100BASE-T1 and 1000BASE-T1 PHYs; ARM subsystem with integrated TCM; Hardware security and MACsec support; AVB & TSN (802.1AS-2020, 802.1Qci, 802.1CB, 802.1Qbv). Software development kit including drivers, a gPTP protocol stack, and host APIs and providing portability from previous generation products Broadcom has begun shipping samples and evaluation boards of the BCM89586M to its early access customers and partners. Please contact your local Broadcom sales representative for samples and pricing.

Neutral

Broadcom Inc. Announces Expanding Opportunities for Organizations

2022-05-03 12:00:00

Broadcom Inc. announced expanding opportunities for organizations to gain greater value from the company’s advanced AI, security, and hybrid cloud solutions with “Day One” support for IBM’s new z16. Broadcom’s suite of leading software solutions, services, and unique “beyond code” programs provide clients the advantage they need to succeed in an increasingly challenging business environment. As a member of the z16 Early Ship Program, Broadcom collaborated with IBM to ensure clients can capitalize on the full range of the mainframe software solutions on the new platform to drive progress toward their innovation and business goals. Areas where clients can extend strategic value from Broadcom include: Applying AI and automation for operational resiliency – Using algorithms fine-tuned for the mainframe Broadcom solutions reduce manual efforts by 40 percent, identify root causes 5x faster, and predict problems before they occur to keep operations up and running smoothly.; Establishing holistic security to protect against cyber threats – Broadcom’s Mainframe security and compliance solutions take a layered approach beyond encryption to protect business-critical data and simplify compliance processes.; Embracing an “Open-First” approach to integrate mainframe as part of their hybrid cloud – Broadcom enables integrations between open software and the solutions, allowing for choice of tooling across teams, and making the experience of integrating and working with the mainframe just like any other platform or cloud.; Leveraging tailored partnership programs that go “Beyond Code” to address unique needs – These “Beyond Code” programs provide value to drive success for the business with the platform. Programs include Expert Change Planning, Mainframe Resource Intelligence Health Scans, Mainframe Consumption Based Licensing, and more.

Neutral

Broadcom Inc. to Report Q2, 2022 Results on Jun 02, 2022

2022-05-02 12:30:00

Broadcom Inc. announced that they will report Q2, 2022 results After-Market on Jun 02, 2022

Positive

Broadcom Inc. Completes Its Issuance and Sale of $1,950 Million in Aggregate Principal Amount of Senior Unsecured Notes

2022-04-15 10:42:00

On April 14, 2022, Broadcom Inc. completed its issuance and sale of $1,950 million in aggregate principal amount of senior unsecured notes comprised of $750 million aggregate principal amount of 4.00% senior notes due 2029 and $1,200 million aggregate principal amount of 4.15% senior notes due 2032. Broadcom intends to use the net proceeds from the Offering, together with cash on hand, to redeem all of its outstanding 4.700% Senior Notes due 2025 and 4.250% Senior Notes due 2026, and to pay fees and expenses in connection therewith.

Positive

Broadcom Inc. Announces Pricing Terms of its Private Exchange Offers of Certain Outstanding Notes for New Notes

2022-04-15 00:45:00

Broadcom Inc. announced the pricing terms of the company's new notes due 2037 (New Notes) to be issued in connection with its offers to eligible holders (Exchange Offers) of the company's or its subsidiaries' Existing Notes listed in the table below (Existing Notes) to exchange Existing Notes (subject to, among others, the acceptance priority levels) for consideration consisting of a combination of up to $2,500,000,000 (Notes Cap) aggregate principal amount of the New Notes and a cash payment, the complete terms and conditions of which are set forth in an offering memorandum, dated March 31, 2022. As a result of reaching the Notes Cap by the Early Participation Date, no Existing Notes tendered for exchange after the Early Participation Date will be accepted for exchange, regardless of priority level. Existing Notes not accepted for exchange will be returned promptly to the tendering holders in accordance with the Offering Memorandum. Capitalized terms not defined herein shall have the meanings ascribed to them in the Offering Memorandum. The interest rate reflects the bid-side yield on the Reference UST Security plus the applicable fixed spread, calculated in accordance with the procedures set forth in the Offering Memorandum. The Reference UST Security with respect to the New Notes had a bid-side yield of 2.776% as of the Pricing Time of the Exchange Offers. The Exchange Offers are being conducted upon the terms and subject to the conditions set forth in the Offering Memorandum. Consummation of the Exchange Offers is subject to a number of conditions. For each $1,000 principal amount of Existing Notes validly tendered and not validly withdrawn, and accepted for exchange by the Company, Eligible Holders of such Existing Notes will also receive cash payment for accrued and unpaid interest on the applicable series of Existing Notes up to, but excluding, the date on which the exchange of Existing Notes accepted for exchange is settled, as well as a cash payment due in lieu of fractional amounts of New Notes. The Exchange Offers will expire at the end of April 27, 2022, unless extended or earlier terminated by the Company. In accordance with the terms of the Exchange Offers, the Withdrawal Deadline relating to the Exchange Offers occurred on April 13, 2022. As a result, all Existing Notes that have been validly tendered and not validly withdrawn prior to, and any Existing Notes validly tendered after, the Withdrawal Deadline are irrevocable, except in certain limited circumstances where additional withdrawal rights are required by law.

Positive

Broadcom Inc. Announces Early Participation Results and Early Settlement Election of its Private Exchange Offers of Certain Outstanding Notes for New Notes

2022-04-14 12:30:00

Broadcom Inc. announced the results, as of the Early Participation Date of 5:00 p.m., New York City time, on April 13, 2022, of its offers to eligible holders (the "Exchange Offers") of the Company's or its subsidiaries' Existing Notes (as defined below) listed in the table below to exchange Existing Notes (subject to, among others, the acceptance priority levels) for consideration consisting of a combination of the Company's new notes due 2037 (the "New Notes") and a cash payment, the complete terms and conditions of which are set forth in an offering memorandum, dated March 31, 2022 (the "Offering Memorandum"). The date and time when the interest rate on the New Notes, the Total Consideration and Exchange Consideration for the Existing Notes will be determined is expected to occur at 11:00 a.m., New York City time, on April 14, 2022. As a result of reaching the Notes Cap by the Early Participation Date, no Existing Notes tendered for exchange after the Early Participation Date will be accepted for exchange, regardless of priority level. Existing Notes not accepted for exchange will be returned promptly to the tendering holders in accordance with the Offering Memorandum.

Positive

Broadcom Inc. has announced a Fixed-Income Exchange Offer.

2022-04-14 00:00:00

Broadcom Inc. has announced a Fixed-Income Exchange Offer. Security Name: 4.926% Senior Notes due December 31, 2037 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $2.5 billion Security Features: Senior Coupon Type: Fixed Transaction Features: Exchange Offer; Regulation S; Rule 144A

Positive

Broadcom Inc. Announces Availability of First Wi-Fi 7 Ecosystem Solutions

2022-04-12 13:00:00

Broadcom Inc. announced sample availability of its complete end-to-end chipset solutions for the Wi-Fi 7 ecosystem, spanning Wi-Fi routers, residential gateways, enterprise access points, and client devices. These Wi-Fi 7 chips more than double the speed of Wi-Fi 6 and 6E solutions on the market today, while simultaneously delivering reliable low-latency communications and extended range. Wi-Fi 7, the most powerful Wi-Fi standard yet, will greatly improve user experience. It doubles Wi-Fi channel bandwidth with the introduction of 320 MHz channels, making it the perfect complement to the expanded worldwide Wi-Fi spectrum in the 6 GHz band. In combination with the upcoming launch of Automatic Frequency Coordination, Wi-Fi 7 uses optimal spectrum allocation to enable high-power access points and extends the 6 GHz transmit range in both indoor and outdoor environments. Driven in large part by pandemic-driven lifestyle changes, the demand for high performance Wi-Fi continues to grow at unprecedented rates, with 60% of consumers upgrading their home Wi-Fi in 2021, and 75% planning to purchase additional Wi-Fi devices in 2022. With increased remote work, and growing demand for immersive gaming and streaming, consumers need higher network capacity and stable, deterministic performance. This makes Wi-Fi 7 an ideal technology for residential customers. 320 MHz channels, together with 4096-QAM modulation, more than double the throughput of Wi-Fi 6E, improve coverage, and keep Wi-Fi performance a step ahead of the broadband speeds that DOCSIS 4.0 and multi-gigabit PON technologies bring to the home. And as emerging augmented reality and virtual reality applications drive the next generation of the internet, Wi-Fi 7 sustains high speeds and low latency across a large number of devices. Enterprise and residential networks will also greatly benefit from the advanced multi-link operation capabilities of Wi-Fi 7. MLO, which allows devices to aggregate channels and to rapidly switch between channels, is ideal for high-density and congested networks. MLO allows networks to guarantee commercial-grade quality of service, and enables Wi-Fi as a time-sensitive networking technology for industrial and IoT applications as well. Wi-Fi 7 technology will be critical for delivering fast, reliable video streaming and other applications that require reliable speeds in congested environments.

Positive

Broadcom Inc. Announces Pricing of Private Offering of Senior Notes

2022-04-01 01:30:00

Broadcom Inc. announced that it has priced its previously announced offering of $750,000,000 of 4.00% Senior Notes due 2029 and $1,200,000,000 of 4.15% Senior Notes due 2032 (together, the "New Notes"). The New Notes will be unsecured obligations of the Company and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company. The Offering is expected to settle on April 14, 2022, subject to customary closing conditions. Broadcom intends to use the net proceeds from the sale of the New Notes to redeem in full its 4.700% Senior Notes due 2025 and 4.250% Senior Notes due 2026 (collectively, the "Redemption Notes"), including accrued and unpaid interest thereon, and to pay fees and expenses in connection therewith. The New Notes are being sold in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States under Regulation S under the Securities Act. The New Notes have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

Positive

Broadcom Inc. has completed a Fixed-Income Offering in the amount of $1.197372 billion.

2022-04-01 00:00:00

Broadcom Inc. has completed a Fixed-Income Offering in the amount of $1.197372 billion. Security Name: 4.15% Senior Unsecured Notes due April 15, 2032 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $1.2 billion Price\Range: 99.781% Security Features: Callable; Senior; Unsecured Coupon Type: Fixed Transaction Features: Regulation S; Rule 144A

Positive

Broadcom Inc. Announces Commencement of Private Offering of Senior Notes

2022-03-31 13:00:00

Broadcom Inc. announced that it intends to offer senior notes due 2029 and senior notes due 2032, subject to market conditions and other factors. The New Notes will be unsecured obligations of the Company and will rank pari passu with all other unsecured and unsubordinated indebtedness of the Company. Broadcom intends to use the net proceeds from the sale of the New Notes to redeem in full its 4.700% Senior Notes due 2025 and 4.250% Senior Notes due 2026, including accrued and unpaid interest thereon, and to pay fees and expenses in connection therewith. On or about the date hereof, Broadcom intends to commence exchange offers (the "Exchange Offers") with respect to certain series of its and its subsidiaries' outstanding notes maturing between 2027 and 2032 for a new series of senior notes maturing in 2037, subject to market conditions and other factors. The Exchange Offers will be made pursuant to a separate exchange offering memorandum, and made available only to eligible holders of the Existing Notes. The Exchange Offers are expected to expire on or about April 27, 2022, unless extended, earlier expired or terminated by Broadcom in its sole discretion. The settlement of the Exchange Offers will be subject to the satisfaction of certain customary conditions. The offering of the New Notes is not conditioned on the completion of the Exchange Offers and the completion of the Exchange Offers is not conditioned on the consummation of the offering of the New Notes. Broadcom is permitted, subject to applicable law, to amend, extend, terminate or withdraw the Exchange Offers in its sole discretion, and there can be no assurance that it will consummate the Exchange Offers on the terms described herein or at all.

Positive

Broadcom Inc. has announced a Fixed-Income Exchange Offer.

2022-03-31 00:00:00

Broadcom Inc. has announced a Fixed-Income Exchange Offer. Security Name: Floating Rate Senior Notes due May 15, 2037 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Floating Rate; Senior Coupon Type: Variable Transaction Features: Exchange Offer; Regulation S; Rule 144A

Positive

Broadcom Inc. has completed a Fixed-Income Offering in the amount of $749.6325 million.

2022-03-31 00:00:00

Broadcom Inc. has completed a Fixed-Income Offering in the amount of $749.6325 million. Security Name: 4.00% Senior Unsecured Notes due April 15, 2029 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $750 million Price\Range: 99.951% Security Features: Callable; Senior; Unsecured Coupon Type: Fixed Transaction Features: Regulation S; Rule 144A

Positive

Broadcom Inc. has announced a Fixed-Income Offering.

2022-03-31 00:00:00

Broadcom Inc. has announced a Fixed-Income Offering. Security Name: Senior Notes due 2029 Security Type: Corporate Bond/Note (Non Convertible) Security Features: Senior Transaction Features: Regulation S; Rule 144A

Positive

Broadcom Inc. has completed a Fixed-Income Exchange Offer.

2022-03-31 00:00:00

Broadcom Inc. has completed a Fixed-Income Exchange Offer. Security Name: Floating Rate Senior Notes due May 15, 2037 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $2.5 billion Security Features: Floating Rate; Senior Coupon Type: Variable Transaction Features: Exchange Offer; Regulation S; Rule 144A

Neutral

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022

2022-03-17 14:07:00

Bank of America Corporation, Bank of America 2022 Global Technology Conference, Jun 07, 2022 through Jun 09, 2022. Venue: Ritz Carlton, San Francisco, California, United States.

Neutral

Broadcom Inc. - Special Call

2022-03-08 14:28:00

Custom Silicon Teach-In

Neutral

Tranche Update on Broadcom Inc. (NasdaqGS:AVGO)'s Equity Buyback Plan announced on December 9, 2021.

2022-03-03 16:18:00

From December 9, 2021 to January 30, 2022, the company has repurchased 4,000,000 shares, representing 0.97% for $2,724 million. With this, the company has completed the repurchase of 4,000,000 shares, representing 0.97% for $2,724 million under the buyback announced on December 9, 2021.

Neutral

Broadcom Inc. Presents at DesignCon 2022, Apr-05-2022 through Apr-07-2022

2022-02-27 11:41:00

Broadcom Inc. Presents at DesignCon 2022, Apr-05-2022 through Apr-07-2022. Venue: Santa Clara Convention Center, Santa Clara, California, United States. Presentation Date & Speakers: Apr-05-2022, Cathy Liu, Distinguished Engineer. Apr-07-2022, Cathy Liu, Distinguished Engineer.

Neutral

Broadcom Inc., Annual General Meeting, Apr 04, 2022

2022-02-18 21:02:00

Broadcom Inc., Annual General Meeting, Apr 04, 2022, at 11:00 Pacific Standard Time. Location: 1320 ridder park drivesan jose San Jose California United States Agenda: To elect each of the nine director nominees named in this proxy statement until the next annual meeting of stockholders or until their successors have been elected; to ratify the appointment of price water housecoopers llp to serve as independent registered public accounting firm for the fiscal year ending october 30, 2022; to hold an advisory vote to approve the compensation of named executive officers; and to transact any other business as may properly come before the meeting or any postponements or adjournments to the meeting.

Positive

Broadcom Inc. (NasdaqGS:AVGO) completed the acquired of AppNeta, Inc.

2022-02-01 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire AppNeta, Inc. on December 7, 2021. Amr Razzak, Joseph Yaffe, Karen Corman and Ken Kumayama of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Broadcom Inc. Broadcom Inc. (NasdaqGS:AVGO) completed the acquired of AppNeta, Inc. on February 1, 2022.

Neutral

Informa Markets Limited, DesignCon 2022, Apr 05, 2022 through Apr 07, 2022

2022-01-24 17:51:00

Informa Markets Limited, DesignCon 2022, Apr 05, 2022 through Apr 07, 2022. Venue: Santa Clara Convention Center, Santa Clara, California, United States.

Neutral

RichWave Technology Corporation, 2021 RichWave Technology Symposium, Dec 17, 2021

2021-12-17 04:43:00

RichWave Technology Corporation, 2021 RichWave Technology Symposium, Dec 17, 2021.

Neutral

Broadcom Inc. Presents at 2021 RichWave Technology Symposium, Dec-17-2021 01:35 PM

2021-12-17 04:43:00

Broadcom Inc. Presents at 2021 RichWave Technology Symposium, Dec-17-2021 01:35 PM. Speakers: Eugene Chow, Senior AE Director.

Positive

Broadcom Inc. Announces Quarterly Cash Dividend on Its 8.00% Mandatory Convertible Preferred Stock, Series A, Payable on December 31, 2021

2021-12-09 21:15:00

Broadcom Inc. board of Directors has also approved a quarterly cash dividend on its 8.00% Mandatory Convertible Preferred Stock, Series A, of $20.00 per share. This dividend is payable on December 31, 2021 to preferred stockholders of record at the close of business on December 15, 2021.

Neutral

Broadcom Inc. Provides Revenue Guidance for the First Quarter Ending January 30, 2022

2021-12-09 21:15:00

Broadcom Inc. provided revenue guidance for the first quarter ending January 30, 2022. For the quarter, the company expected revenue of approximately $7.6 billion.

Positive

Broadcom Inc. Announces Quarterly Cash Dividend, Payable on December 31, 2021

2021-12-09 21:15:00

Broadcom Inc. board of Directors has approved a quarterly cash dividend on its common stock of $4.10 per share. The common stock dividend is payable on December 31, 2021 to common stockholders of record at the close of business on December 22, 2021.

Positive

Broadcom Inc. (NasdaqGS:AVGO) announces an Equity Buyback for $10,000 million worth of its shares.

2021-12-09 16:27:00

Broadcom Inc. (NasdaqGS:AVGO) announces a share repurchase program. Under the program, the company will repurchase up to $10,000 million worth of its own shares. The plan will be valid up to December 31, 2022.

Positive

Broadcom Inc. authorizes a Buyback Plan.

2021-12-09 00:00:00

The Board of Directors of Broadcom Inc. has authorized a buyback plan on December 9, 2021.

Positive

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire AppNeta, Inc.

2021-12-07 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) agreed to acquire AppNeta, Inc. on December 7, 2021. Amr Razzak, Joseph Yaffe, Karen Corman and Ken Kumayama of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to Broadcom Inc.

Positive

Broadcom Inc., $ 4.10, Cash Dividend, Dec-21-2021

2021-12-07 00:00:00

Broadcom Inc., $ 4.10, Cash Dividend, Dec-21-2021

Neutral

Broadcom Inc. Presents at OCP Global Summit, Nov-08-2021

2021-11-09 17:28:00

Broadcom Inc. Presents at OCP Global Summit, Nov-08-2021 . Venue: San Jose McEnery Convention Center, San Jose, California, United States.

Positive

Broadcom Announces Industry’s First 100G/lane Optical PAM-4 DSP PHYs with Integrated TIA and Laser Driver

2021-11-08 18:00:00

Broadcom Inc. announced its 100G/lane optical PAM-4 DSP PHY families with integrated transimpedance amplifier (TIA) and laser driver, the Jesko BCM8741x and Gemera BCM8781x, optimized for 400G DR4/FR4 and 800G DR8/2xFR4 module applications, respectively. Built on Broadcom’s proven 112G PAM-4 DSP platforms, these highly integrated DSP PHYs provide superior performance with lower power enabling 7W 400G DR4/FR4 and sub 14W 800G DR8/2xFR4 optical modules.

Neutral

Broadcom Inc. to Report Q4, 2021 Results on Dec 09, 2021

2021-11-08 13:00:00

Broadcom Inc. announced that they will report Q4, 2021 results After-Market on Dec 09, 2021

Neutral

Broadcom Inc., Q4 2021 Earnings Call, Dec 09, 2021

2021-11-08 13:00:00

Broadcom Inc., Q4 2021 Earnings Call, Dec 09, 2021

Neutral

Forrester Research, Inc., Technology & Innovation EMEA 2021, Nov 17, 2021 through Nov 18, 2021

2021-11-04 09:00:00

Forrester Research, Inc., Technology & Innovation EMEA 2021, Nov 17, 2021 through Nov 18, 2021.

Neutral

Broadcom Inc. Presents at Technology & Innovation EMEA 2021, Nov-17-2021

2021-11-04 09:00:00

Broadcom Inc. Presents at Technology & Innovation EMEA 2021, Nov-17-2021 . Speakers: Stanley Toh, Head of End-User Services and Experience.

Positive

Perforce Software, Inc. completed the acquisition of BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO).

2021-11-01 00:00:00

Perforce Software, Inc. agreed to acquire BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO) on September 30, 2021. Completion of the acquisition is subject to customary closing conditions, and the transaction is expected to close in October 2021. Lincoln International LLC acted as a financial advisor to Perforce Software, Inc. Perforce Software, Inc. completed the acquisition of BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO) on November 1, 2021.

Positive

Broadcom Inc. (NasdaqGS:AVGO) acquired Silicon Photo Multiplier (SiPM) assets of KETEK.

2021-10-08 00:00:00

Broadcom Inc. (NasdaqGS:AVGO) acquired Silicon Photo Multiplier (SiPM) assets of KETEK on October 7, 2021. Broadcom will take over all SiPM products from KETEK, integrate the former KETEK SiPM products in the Broadcom SiPM portfolio and continue the sales of all SiPM products. All purchase orders before Oct 7, 2021 will be executed and invoiced from KETEK. All new purchase orders starting Oct 8, 2021 will be executed from Broadcom and its distributors. ARTHOS acted as exclusive financial adviser to KETEK. Leif U. Schrader of Latham & Watkins LLP acted as legal advisor to Broadcom. Broadcom Inc. (NasdaqGS:AVGO) completed the acquisition of Silicon Photo Multiplier (SiPM) assets of KETEK on October 7, 2021.

Neutral

Broadcom Inc. Presents at DevOps Enterprise Summit Virtual – US 2021, Oct-05-2021 11:20 AM

2021-10-02 05:33:00

Broadcom Inc. Presents at DevOps Enterprise Summit Virtual – US 2021, Oct-05-2021 11:20 AM. Speakers: Keith Puzey, DevOps Architect, Broadcom Enterprise Software, Sujay Solomon, DevOps Lead, Broadcom Mainframe Software.

Positive

Broadcom Inc. Completes the Early Settlement of its Previously Announced Private Offers to Exchange Certain Specified Series of its or its Subsidiaries' Issued and Outstanding Notes for New 3.137% Senior Notes Due 2035 and New 3.187% Senior Notes Due 2036

2021-09-30 20:02:00

On September 30, 2021, Broadcom Inc. completed the early settlement of its previously announced private offers to exchange certain specified series of its or its subsidiaries' issued and outstanding notes for new 3.137% Senior Notes due 2035 and new 3.187% Senior Notes due 2036, as applicable, the complete terms and conditions of which are set forth in an offering memorandum, dated September 13, 2021. Pursuant to the Exchange Offers, the aggregate principal amount of each series of the Existing Notes set forth below was validly tendered, accepted for exchange by the Company and subsequently cancelled: $90,528,000 aggregate principal amount of 3.125% Senior Notes due 2025, issued by Broadcom Corporation, a California corporation; $227,633,000 aggregate principal amount of 4.700% Senior Notes due 2025, issued by the company; $517,730,000 aggregate principal amount of 3.150% Senior Notes due 2025, issued by the Company; $238,348,000 aggregate principal amount of 4.250% Senior Notes due 2026, issued by the Company; $943,002,000 aggregate principal amount of 3.459% Senior Notes due 2026, issued by the Company; $890,672,000 aggregate principal amount of 3.875% Senior Notes due 2027, issued by Broadcom Corporation; $84,898,000 aggregate principal amount of 4.700% Senior Notes due 2027, issued by CA Inc., a Delaware corporation (CA Inc.); $257,173,000 aggregate principal amount of 4.110% Senior Notes due 2028, issued by the Company; $472,973,000 aggregate principal amount of 3.500% Senior Notes due 2028, issued by Broadcom Corporation; $1,164,086,000 aggregate principal amount of 5.000% Senior Notes due 2030, issued by the Company; $1,041,999,000 aggregate principal amount of 4.750% Senior Notes due 2029, issued by the Company; and $70,942,000 aggregate principal amount of 4.150% Senior Notes due 2030, issued by the Company.

Positive

Perforce Software, Inc. agreed to acquire BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO).

2021-09-30 00:00:00

Perforce Software, Inc. agreed to acquire BlazeMeter LLC from Broadcom Inc. (NasdaqGS:AVGO) on September 30, 2021. Completion of the acquisition is subject to customary closing conditions, and the transaction is expected to close in October 2021. Lincoln International LLC acted as a financial advisor to Perforce Software, Inc.

Positive

Broadcom Inc. Announces Pricing Terms of Its Private Exchange Offers of Certain Outstanding Notes for New Notes

2021-09-28 01:00:00

Broadcom Inc. announced the pricing terms of the Company's new notes due 2035 and new notes due 2036 to be issued in connection with its offers to eligible holders (together, the "Exchange Offers") of the Company's or its subsidiaries' Pool 1 Existing Notes and Pool 2 Existing Notes listed in the tables below (collectively, the "Existing Notes") to exchange Pool 1 Existing Notes (subject to, among others, the acceptance priority levels) for consideration consisting of a combination of up to $3,250,000,000 (the "2035 Notes Cap") aggregate principal amount of the New 2035 Notes and a cash payment, and to exchange Pool 2 Existing Notes (subject to, among others, the acceptance priority levels) for consideration consisting of a combination of up to $2,750,000,000 (the "2036 Notes Cap" and, together with the 2035 Notes Cap, the "New Notes Cap") aggregate principal amount of the New 2036 Notes and a cash payment, the complete terms and conditions of which are set forth in an offering memorandum, dated September 13, 2021 (the "Offering Memorandum"). As announced by the Company on September 27, 2021, it has (i) waived the Pool 1 Sub-Caps and the Pool 2 Sub-Cap, and (ii) increased the New Notes Cap to $6.0 billion from the originally announced $5.0 billion. As a result of reaching the New Notes Cap by the Early Participation Date, no Existing Notes tendered for exchange after the Early Participation Date will be accepted for exchange, regardless of priority level. Existing Notes not accepted for exchange will be returned promptly to the tendering holders in accordance with the Offering Memorandum. Capitalized terms not defined herein shall have the meanings ascribed to them in the Offering Memorandum.

Positive

Broadcom Introduces L1/L5 GNSS Receiver for Mobile and Wearable Applications

2021-09-22 13:00:00

Broadcom Inc. announced the lowest power L1/L5 GNSS receiver chip, the BCM4778, optimized for mobile and wearable applications. Equipped with the latest GNSS innovations, this third-generation chip is 35% smaller and consumes 5 times less power than the previous generation. Dual-frequency GNSS continues to be an important location feature for modern mobile and wearable devices as it provides greater positioning accuracy for location-based services (LBS) applications. The advanced L5 signal enables sidewalk-level accuracy for pedestrian navigation in urban environments, as well as lane-level accuracy for vehicle navigation. Reduction in GNSS power consumption is crucial to extending the battery life of a mobile or wearable device. Compared to GNSS receivers used in integrated platforms, Broadcom’s single-chip BCM4778 delivers significantly lower power consumption and higher performance while offering more advanced GNSS features, such as the next-generation Grid Tracking™ urban multipath mitigation technology. Further, the BCM4778 increases the GNSS always-on battery lifetime on a smart watch by 30 hours when compared to the previous generation chip operating on a 300mAh battery. The extended battery life benefit helps drive new experiences in smart watches and phones. For example, smart watches can keep the GNSS always-on for fitness applications for multiple days on a single battery charge. In addition, the BCM4778 features fully integrated LNAs for L1 and L5 bands, which reduces RF front-end BOM costs and footprint requirements, ideal for space-constrained applications. The chip offers immense flexibility to smart watch and phone designers with its small size. Having the ability to place the BCM4778 closer to the antenna helps improve signal reception and thereby enhance the overall GNSS performance. Product Highlights are 7nm CMOS technology; Typical power consumption - 4mW L1 band only and 6mW L1+L5 simultaneous; FCBGA package; New Grid Tracking™ technology- Advanced multipath mitigation and Continuously tracks the full L5 channel; Capable of L5 acquisition - Increased processing capability and throughput; Advanced LTE filtering and jamming mitigation- Enhanced LTE Band 13 and Band 14 filtering and Spoofing and jamming detector; Jamming mitigation through multiband and multi constellation; Reduced BOM cost and footprint - Flexibility in using internal LNAs, Optional operation without interstage SAW filters and Integrated switching regulator with direct connect to battery. Broadcom is currently sampling the BCM4778 to its early access partners and customers.

Neutral

Broadcom Inc. Presents at ION GNSS+ 2021, Sep-24-2021

2021-09-22 13:00:00

Broadcom Inc. Presents at ION GNSS+ 2021, Sep-24-2021 .

Positive

Broadcom Inc. Announces Private Exchange Offers of Certain Outstanding Notes for New Notes

2021-09-13 21:27:00

Broadcom Inc. announced the commencement of offers to all eligible holders (together, the Exchange Offers) of the Company’s or its subsidiaries’ Pool 1 Existing Notes and Pool 2 Existing Notes (collectively, the Existing Notes) to exchange Pool 1 Existing Notes for consideration consisting of a combination of up to $2,750,000,000 aggregate principal amount of the Company’s new notes due 2035 (the New 2035 Notes) and a cash payment and to exchange Pool 2 Existing Notes for consideration consisting of a combination of up to $2,250,000,000 aggregate principal amount of the Company’s new notes due 2036 (the New 2036 Notes and, together with the New 2035 Notes, the New Notes) and a cash payment, the complete terms and conditions of which are set forth in an offering memorandum (the Offering Memorandum). Capitalized terms not defined herein shall have the meanings ascribed to them in the Offering Memorandum. The Pool 2 Existing Notes will be accepted in accordance with the acceptance priority levels and the applicable sub-caps. All Pool 2 Existing Notes tendered for exchange in the Pool 2 Offers at or prior to the Early Participation Date will have priority over any Pool 2 Existing Notes that are tendered for exchange after the Early Participation Date. Eligible Holders who validly tender Pool 2 Existing Notes at or prior to the Early Participation Date will be eligible to receive the Early Participant Payment of $50 (payable solely in New 2036 Notes) for each $1,000 principal amount of Pool 2 Existing Notes validly tendered and not validly withdrawn. Represents the portion of the Total Consideration in excess of $1,000 for each $1,000 principal amount of Existing Notes that will be payable in cash (excluding the Early Participant Payment, which, if applicable, will be paid solely in the applicable series of New Notes). The aggregate principal amount of New 2035 Notes to be issued pursuant to the Exchange Offers will be subject to a maximum amount of $2,750,000,000 aggregate principal amount, and the aggregate principal amount of New 2036 Notes to be issued pursuant to the Exchange Offers will be subject to a maximum amount of $2,250,000,000 aggregate principal amount.

Positive

Broadcom Inc. has announced a Fixed-Income Exchange Offer.

2021-09-13 00:00:00

Broadcom Inc. has announced a Fixed-Income Exchange Offer. Security Name: Notes due 2035 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $2.75 billion Security Name: Notes due 2036 Security Type: Corporate Bond/Note (Non Convertible) Principal Amount: $2.25 billion Transaction Features: Exchange Offer; Regulation S; Rule 144A

Neutral

Broadcom Inc. - Analyst/Investor Day

2021-09-07 21:33:00

Broadcom Inc. - Analyst/Investor Day

Neutral

Broadcom Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 02:40 PM

2021-09-07 21:32:00

Broadcom Inc. Presents at Citi 2021 Global Technology Virtual Conference, Sep-14-2021 02:40 PM.

Neutral

Broadcom Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 02:30 PM

2021-09-04 17:31:00

Broadcom Inc. Presents at Deutsche Bank Technology Conference 2021, Sep-09-2021 02:30 PM.

Positive

Broadcom Inc. Approves Quarterly Cash Dividend on its Common Stock, Payable on September 30, 2021

2021-09-02 20:15:00

The Board of Directors of Broadcom Inc. has approved a quarterly cash dividend on its common stock of $3.60 per share. The common stock dividend is payable on September 30, 2021 to common stockholders of record at the close of business on September 22, 2021.

Positive

Broadcom Inc. Approves Quarterly Cash Dividend on its 8.00% Mandatory Convertible Preferred Stock, Series A, Payable on September 30, 2021

2021-09-02 20:15:00

The Board of Directors of Broadcom Inc. has also approved a quarterly cash dividend on its 8.00% Mandatory Convertible Preferred Stock, Series A, of $20.00 per share. This dividend is payable on September 30, 2021 to preferred stockholders of record at the close of business on September 15, 2021.

Positive

Broadcom Inc., $ 3.60, Cash Dividend, Sep-21-2021

2021-09-01 00:00:00

Broadcom Inc., $ 3.60, Cash Dividend, Sep-21-2021

Neutral

The Institute of Navigation, Inc, ION GNSS+ 2021, Sep 20, 2021 through Sep 24, 2021

2021-08-27 07:50:00

The Institute of Navigation, Inc, ION GNSS+ 2021, Sep 20, 2021 through Sep 24, 2021.

Neutral

Broadcom Inc. Presents at 2nd annual Open Mainframe Summit, Sep-22-2021 through Sep-23-2021

2021-08-12 13:54:00

Broadcom Inc. Presents at 2nd annual Open Mainframe Summit, Sep-22-2021 through Sep-23-2021. Presentation Date & Speakers: Sep-22-2021, Greg Lotko, Senior VP & GM of Mainframe Software Division, Hayden Lindsey, Vice President of Engineering & Architecture, Mainframe Software Division, Michael Bauer, Senior Product Owner, Rose Sakach, Product Manager, Zowe Onboarding Squad Lead. Sep-23-2021, Greg Lotko, Senior VP & GM of Mainframe Software Division, Jessielaine Punongbayan, Product Marketing Engineer, John Jakacki, Software Architect, John Mathunny, Software Engineer, Lauren Valenti, Head of Mainframe Education and Customer Engagement, Richelle Anne Craw, Senior Software Engineer.

Neutral

Broadcom Inc. Presents at Keynote DesignCon 2021, Aug-16-2021 through Aug-18-2021

2021-08-12 13:32:00

Broadcom Inc. Presents at Keynote DesignCon 2021, Aug-16-2021 through Aug-18-2021. Venue: San Jose McEnery Convention Center, San Jose, California, United States. Presentation Date & Speakers: Aug-16-2021, Cathy Liu, Distinguished Engineer and Director – Broadcom SerDes Architecture and Modeling Group. Aug-17-2021, Cathy Liu, Distinguished Engineer and Director – Broadcom SerDes Architecture and Modeling Group. Aug-18-2021, Vivek Raghunathan, Sr Principal Engineer and Product Integration Lead for Co-packaged Optics.

Neutral

The Linux Foundation, 2nd annual Open Mainframe Summit, Sep 22, 2021 through Sep 23, 2021

2021-08-12 13:00:00

The Linux Foundation, 2nd annual Open Mainframe Summit, Sep 22, 2021 through Sep 23, 2021.

Neutral

Broadcom Inc. Presents at Open Source Strategy Forum, Oct-05-2021 01:10 PM

2021-08-11 14:22:00

Broadcom Inc. Presents at Open Source Strategy Forum, Oct-05-2021 01:10 PM. Venue: London, United Kingdom. Speakers: Jessielaine Punongbayan, OMP Ambassador.

Neutral

Broadcom, Cisco and Facebook Bring Software Group Together Under TIP to Expand on 6 GHz Wi-Fi

2021-08-10 14:00:00

Broadcom, Cisco, and Facebook announced the creation of the Open Automated Frequency Coordination (Open AFC) Software Group within the ZATelecom Infra Project (TIP) in order to accelerate the commercialization of 6 GHz Wi-Fi devices. The purpose of the project group is to develop a common reference open source software for an AFC system. TheAFC will be used by unlicensed devices in the newly available 6 GHz band to operate outdoor and increased rangeindoor while ensuring incumbent services are protected.

Neutral

DZS Inc. Expands Collaboration with Broadcom on Next Generation Broadband Access Technologies

2021-08-02 12:01:00

DZS Inc. announced its expanded collaboration with Broadcom to advance open standards and bring to market next-generation high-speed optical broadband and Passive Optical Network (PON) technology. Broadcom’s feature-rich, scalable semiconductor devices provide leading performance, capacity and flexibility for many DZS optical and copper-based products. Integrated with the DZS Software Defined Network (SDN)-enabled Network Operating System (sdNOS) for network-based products, and supported by the DZS Cloud Portfolio, Broadcom technology enables forward-looking DZS service provider customers to implement ultra-performance centralized or distributed networks with state-of-the-art orchestration and network automation for software-centric services and network virtualization., Broadcom broadband access technology underpins DZS Velocity solutions, including the recently announced XCelerate by DZS XGS-PON solutions, as well as DZS Helix connected premises solutions in ONT fiber termination point and home Wi-Fi products.

Neutral

Broadcom Inc. to Report Q3, 2021 Results on Sep 02, 2021

2021-08-02 12:00:00

Broadcom Inc. announced that they will report Q3, 2021 results After-Market on Sep 02, 2021

Neutral

Broadcom Inc., Q3 2021 Earnings Call, Sep 02, 2021

2021-08-02 12:00:00

Broadcom Inc., Q3 2021 Earnings Call, Sep 02, 2021

Positive

Broadcom Reportedly No Longer in Talks to Buy SAS Institute

2021-07-13 23:29:00

Talks for Broadcom Inc. (NasdaqGS:AVGO) to buy SAS Institute Inc. have ended after the founders of the closely held software company changed their mind about a sale, people familiar with the matter said. The Wall Street Journal reported July 12, 2021 that the companies were discussing a deal that would value SAS in the range of $15 billion to $20 billion, including any debt. Following the report, Jim Goodnight and John Sall, who co-founded SAS decades ago and still run the company, had a change of heart and decided not to sell to Broadcom, the people said. Whether another suitor for SAS could emerge isn’t clear. Some SAS employees saw the company as a strange fit for efficiency-focused Broadcom, some of the people familiar with the matter said. SAS is known for a tightknit culture and has a sprawling North Carolina campus with amenities including a yoga studio and a disc golf course.

Positive

Broadcom Reportedly in Talks to Buy SAS Institute

2021-07-12 16:19:00

Broadcom Inc. (NasdaqGS:AVGO) is in talks to buy SAS Institute Inc. according to people familiar with the matter, in the latest move by the technology giant to double down on enterprise software. A deal, which would value closely held SAS in the range of $15 billion to $20 billion, could be finalized in the coming weeks, assuming the talks don’t fall apart, the people said.

Neutral

The Linux Foundation, Open Source Strategy Forum, Oct 04, 2021 through Oct 05, 2021

2021-06-30 09:15:00

The Linux Foundation, Open Source Strategy Forum, Oct 04, 2021 through Oct 05, 2021. Venue: London, United Kingdom.

Neutral

Informa Markets Limited, Keynote DesignCon 2021, Aug 16, 2021 through Aug 18, 2021

2021-06-29 13:02:00

Informa Markets Limited, Keynote DesignCon 2021, Aug 16, 2021 through Aug 18, 2021. Venue: San Jose McEnery Convention Center, San Jose, California, United States.

Fundamental Summary

Broadcom released impressive Q1 results on 2022-06-09. Their growth and income factors performance indicate that company management is focused on the right targets and executing well. We expect that this positive performance will continue in the coming months, and anticipate that Broadcom will maintain good momentum even in a challenging environment. We gave Broadcom a 79 rating and a BUY recommendation.

Broadcom reported earnings results for the second quarter and six months ended May 01, 2022. For the second quarter, the company reported sales was USD 8,103 million compared to USD 6,610 million a year ago. Net income was USD 2,590 million compared to USD 1,493 million a year ago. Basic earnings per share from continuing operations was USD 6.16 compared to USD 3.46 a year ago. Diluted earnings per share from continuing operations was USD 5.93 compared to USD 3.3 a year ago.For the six months, sales was USD 15,809 million compared to USD 13,265 million a year ago. Net income was USD 5,062 million compared to USD 2,871 million a year ago. Basic earnings per share from continuing operations was USD 11.98 compared to USD 6.67 a year ago. Diluted earnings per share from continuing operations was USD 11.53 compared to USD 6.34 a year ago.

Business Description

Broadcom designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. It provides set-top box system-on-chips (SoCs); cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; wireless local area network access point SoCs; Ethernet switching and routing merchant silicon products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic transmitter and receiver components. The company also offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; custom touch controllers; serial attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express switches; fiber channel host bus adapters; read channel based SoCs; custom flash controllers; preamplifiers; and optocouplers, industrial fiber optics, and motion control encoders and subsystems. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom was incorporated in 2018 and is headquartered in San Jose, California.

Sector Overview

Broadcom is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Broadcom's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 71,719.0 -2.1% 79
Liabilities 50,729.0 1.0% 67
Price to Book 9.9 -5.7% 54
Cash & Equivalents 9,005.0 -11.9% 56
Equity 20,963.0 -8.7% 59
EBITDA 16,956.0 7.4% 80
Total Revenues 29,994.0 5.2% 59
Parameter Value Change Score
Return on Equity 39.7 19.2% 90
Net Cashflow -513.0 -176.9% 74
Capital Expenditure -385.0 9.6% 87
Asset Turnover 0.4 7.3% 89
Free Cashflow 34.4 5.4% 76

* All values are TTM

The below chart reflects Broadcom's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Broadcom's peer average final assessment score stands on 71.0, Broadcom's score is 79.

  •  AVGO
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
NVIDIA Corporation 422.4B 71 63 82
Hold
76
76 0 1
Intel Corporation 157.9B 77 76 58
Hold
75
75 1 1
Texas Instruments Incorporated 143.5B 76 74 70
Buy
80
80 2 1
QUALCOMM Incorporated 142.4B 82 66 77
Buy
82
82 3 1
Advanced Micro Devices, Inc. 139.6B 88 59 57
Hold
69
69 4 1
Applied Materials, Inc. 84.9B 60 72 69
Hold
69
69 5 1
Analog Devices, Inc. 78.3B 69 65 84
Hold
78
78 6 1
Micron Technology, Inc. 65.6B 81 74 80
Strong Buy
89
89 7 1
Lam Research Corporation 62.4B 59 74 68
Hold
70
70 8 1
KLA Corporation 50.5B 66 67 74
Hold
72
72 9 1
NXP Semiconductors N.V. 41.7B 64 71 73
Hold
73
73 10 1
Marvell Technology, Inc. 40.5B 60 64 65
Hold
61
61 11 1
Microchip Technology Incorporated 33.6B 78 71 79
Buy
85
85 12 1
GLOBALFOUNDRIES Inc. 24.5B 78 70 64
Hold
75
75 13 1
ON Semiconductor Corporation 23.5B 81 73 70
Buy
82
82 14 1
Monolithic Power Systems, Inc. 19.4B 84 66 77
Buy
83
83 15 1
SolarEdge Technologies, Inc. 16.5B 82 53 43
Underperform
54
54 16 1
Skyworks Solutions, Inc. 15.8B 62 70 71
Hold
70
70 17 1
Teradyne, Inc. 15.7B 51 75 68
Hold
66
66 18 1
Entegris, Inc. 14.2B 70 69 65
Hold
70
70 19 1
Qorvo, Inc. 10.6B 67 71 73
Hold
75
75 20 1
First Solar, Inc. 7.5B 58 73 53
Underperform
60
60 21 1
Lattice Semiconductor Corporation 7.2B 68 71 77
Hold
78
78 22 1
MKS Instruments, Inc. 6.0B 70 74 59
Hold
70
70 23 1
Universal Display Corporation 5.4B 75 68 71
Hold
76
76 24 1
Silicon Laboratories Inc. 5.3B 71 70 86
Buy
84
84 25 1
CMC Materials, Inc. 5.2B 80 76 75
Strong Buy
87
87 26 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 27 1
Synaptics Incorporated 5.1B 81 68 67
Hold
76
76 28 1
Power Integrations, Inc. 4.5B 61 80 82
Buy
83
83 29 1
Amkor Technology, Inc. 4.3B 74 70 60
Hold
71
71 30 1
Cirrus Logic, Inc. 4.1B 86 67 91
Strong Buy
92
92 31 1
Allegro MicroSystems, Inc. 4.1B 74 61 56
Hold
62
62 32 1
Semtech Corporation 3.6B 67 75 78
Buy
80
80 33 1
MACOM Technology Solutions Holdings, Inc. 3.4B 69 76 69
Hold
77
77 34 1
SunPower Corporation 3.2B 61 49 74
Underperform
56
56 35 1
FormFactor, Inc. 3.1B 83 80 68
Strong Buy
87
87 36 1
Diodes Incorporated 3.1B 61 76 72
Hold
75
75 37 1
Silicon Motion Technology Corporation 2.9B 54 72 61
Hold
65
65 38 1
Nova Ltd. 2.8B 61 70 54
Hold
64
64 39 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 40 1
Ambarella, Inc. 2.7B 63 71 80
Hold
77
77 41 1
Kulicke and Soffa Industries, Inc. 2.7B 57 79 83
Buy
80
80 42 1
Rambus Inc. 2.4B 48 64 90
Hold
69
69 43 1
Canadian Solar Inc. 2.2B 58 72 71
Hold
72
72 44 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 45 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 46 1
Himax Technologies, Inc. 1.6B 77 70 67
Buy
79
79 47 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 48 1
Ultra Clean Holdings, Inc. 1.4B 63 63 62
Hold
60
60 49 1
Cohu, Inc. 1.4B 57 75 59
Hold
64
64 50 1
Photronics, Inc. 1.3B 68 71 83
Buy
81
81 51 1
SMART Global Holdings, Inc. 1.1B 86 65 62
Hold
75
75 52 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 53 1
Alpha and Omega Semiconductor Limited 957.1M 77 69 54
Hold
68
68 54 1
PDF Solutions, Inc. 813.0M 62 71 89
Buy
82
82 55 1
CEVA, Inc. 804.5M 73 71 71
Hold
77
77 56 1
Ichor Holdings, Ltd. 789.3M 59 67 59
Underperform
59
59 57 1
Maxeon Solar Technologies, Ltd. 603.6M 53 49 84
Hold
60
60 58 1
Enphase Energy, Inc. 27.8B 58 57 60
Underperform
53
53 59 1
Wolfspeed, Inc. 8.7B 73 69 55
Hold
67
67 60 1
Daqo New Energy Corp. 5.4B 93 65 89
Strong Buy
95
95 61 1
SiTime Corporation 3.8B 58 64 62
Underperform
59
59 62 1
Onto Innovation Inc. 3.7B 77 67 85
Buy
85
85 63 1
JinkoSolar Holding Co., Ltd. 3.3B 89 62 74
Buy
81
81 64 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 65 1
ACM Research, Inc. 950.7M 52 67 50
Underperform
50
50 66 1
NeoPhotonics Corporation 837.4M 66 69 72
Hold
72
72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
indie Semiconductor, Inc. 752.7M 44 43 85
Underperform
50
50 69 1
Magnachip Semiconductor Corporation 681.9M 74 90 57
Buy
83
83 70 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 71 1
Navitas Semiconductor Corporation 575.2M 67 53 90
Hold
72
72 72 1
Rigetti Computing, Inc. 426.1M 98 73 58
Buy
85
85 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 74 1
Meta Materials Inc. 414.9M 41 43 84
Underperform
47
47 75 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 76 1
Valens Semiconductor Ltd. 350.3M 75 65 66
Hold
75
75 77 1
Rockley Photonics Holdings Limited 338.0M 41 79 59
Underperform
58
58 78 1
CyberOptics Corporation 278.5M 74 71 72
Buy
78
78 79 1
Transphorm, Inc. 260.9M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Broadcom's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Broadcom's stock appears overbought. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 47.

Bearish 47
Close Price 505.71
52W Low 465.67
52W High 674.28
5D MA 502.25
50D MA 557.96
200D MA 568.06
MACD -18.2
RSI 70.88
STOCH 12.5

Balance Sheet Analysis

Broadcom appears likely to maintain its strong balance sheet metrics and momentum going forward. Broadcom assets on their balance sheet, moved to 71719.0, which is a -2.1% change from the last period. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's asset component, therefore, received a grade of 79. Also, In terms of liabilities, Broadcom published good numbers. Their reported liabilities were 50729.0, representing a 1.0% change from the previous report. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. Therefore, we rated their liabilities movement with a score of 67. However, one discouraging result, Book Value Factors, stood out. Broadcom publishes concerning book value factor metrics in this report. price to book ratio (P/B) now sits at 9.9 and represents -5.7% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 8.8%. The company's book value factors were lackluster and showed that management hasn't figured out how to overperform expectations. Consequently, their book value factors movement received a grade of 54. Consequently, their balance sheet earned a rank of 62.

Parameter Value Change Score
Assets 71,719.0 -2.1% 79
Liabilities 50,729.0 1.0% 67
Price to Book 9.9 -5.7% 54
Cash & Equivalents 9,005.0 -11.9% 56
Equity 20,963.0 -8.7% 59
* All values are TTM

The below chart describes Broadcom's performance as reflected on its balance sheet with respect to its peers. While Broadcom received a balance sheet score of 62, the average of its peers stands on 71.0.

  •  AVGO
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
NVIDIA Corporation 422.4B 78 70 65 97 54 71 0 1
Intel Corporation 157.9B 65 69 76 90 81 77 1 1
Texas Instruments Incorporated 143.5B 63 70 87 46 84 76 2 1
QUALCOMM Incorporated 142.4B 57 71 96 80 81 82 3 1
Advanced Micro Devices, Inc. 139.6B 94 61 78 96 81 88 4 1
Applied Materials, Inc. 84.9B 71 72 64 41 55 60 5 1
Analog Devices, Inc. 78.3B 62 80 66 65 66 69 6 1
Micron Technology, Inc. 65.6B 73 69 85 76 74 81 7 1
Lam Research Corporation 62.4B 73 77 59 51 45 59 8 1
KLA Corporation 50.5B 75 62 73 53 66 66 9 1
NXP Semiconductors N.V. 41.7B 72 68 56 62 76 64 10 1
Marvell Technology, Inc. 40.5B 71 84 50 46 51 60 11 1
Microchip Technology Incorporated 33.6B 65 84 76 72 65 78 12 1
GLOBALFOUNDRIES Inc. 24.5B 81 66 73 82 74 78 13 1
ON Semiconductor Corporation 23.5B 74 69 77 88 82 81 14 1
Monolithic Power Systems, Inc. 19.4B 85 65 75 92 80 84 15 1
SolarEdge Technologies, Inc. 16.5B 77 62 77 96 86 82 16 1
Skyworks Solutions, Inc. 15.8B 69 77 64 46 52 62 17 1
Teradyne, Inc. 15.7B 48 81 63 45 47 51 18 1
Entegris, Inc. 14.2B 62 71 75 55 79 70 19 1
Qorvo, Inc. 10.6B 64 83 64 67 55 67 20 1
First Solar, Inc. 7.5B 77 70 50 58 57 58 21 1
Lattice Semiconductor Corporation 7.2B 53 79 79 60 64 68 22 1
MKS Instruments, Inc. 6.0B 59 74 72 76 72 70 23 1
Universal Display Corporation 5.4B 57 76 83 85 70 75 24 1
Silicon Laboratories Inc. 5.3B 89 81 60 45 47 71 25 1
CMC Materials, Inc. 5.2B 65 79 73 87 82 80 26 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 57 65 27 1
Synaptics Incorporated 5.1B 71 71 78 92 76 81 28 1
Power Integrations, Inc. 4.5B 55 82 59 79 56 61 29 1
Amkor Technology, Inc. 4.3B 70 68 75 74 77 74 30 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 74 86 31 1
Allegro MicroSystems, Inc. 4.1B 68 69 74 80 76 74 32 1
Semtech Corporation 3.6B 58 79 68 67 64 67 33 1
MACOM Technology Solutions Holdings, Inc. 3.4B 64 75 74 38 75 69 34 1
SunPower Corporation 3.2B 72 81 42 83 53 61 35 1
FormFactor, Inc. 3.1B 72 70 84 82 80 83 36 1
Diodes Incorporated 3.1B 46 78 71 51 72 61 37 1
Silicon Motion Technology Corporation 2.9B 40 85 60 40 47 54 38 1
Nova Ltd. 2.8B 86 45 76 48 82 61 39 1
MaxLinear, Inc. 2.7B 68 71 75 85 75 76 40 1
Ambarella, Inc. 2.7B 45 75 74 86 65 63 41 1
Kulicke and Soffa Industries, Inc. 2.7B 45 83 61 76 56 57 42 1
Rambus Inc. 2.4B 43 82 41 95 54 48 43 1
Canadian Solar Inc. 2.2B 91 54 59 62 62 58 44 1
Axcelis Technologies, Inc. 1.9B 76 68 85 71 74 81 45 1
Credo Technology Group Holding Ltd 1.7B 94 61 77 79 86 88 46 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 47 1
Impinj, Inc. 1.4B 62 68 78 39 92 72 48 1
Ultra Clean Holdings, Inc. 1.4B 55 78 68 48 68 63 49 1
Cohu, Inc. 1.4B 52 82 57 59 59 57 50 1
Photronics, Inc. 1.3B 53 85 66 76 66 68 51 1
SMART Global Holdings, Inc. 1.1B 90 63 75 95 82 86 52 1
Veeco Instruments Inc. 1.0B 84 72 41 78 47 58 53 1
Alpha and Omega Semiconductor Limited 957.1M 89 64 67 87 67 77 54 1
PDF Solutions, Inc. 813.0M 54 81 64 90 51 62 55 1
CEVA, Inc. 804.5M 82 74 60 87 60 73 56 1
Ichor Holdings, Ltd. 789.3M 59 76 65 38 63 59 57 1
Maxeon Solar Technologies, Ltd. 603.6M 87 68 40 78 38 53 58 1
Enphase Energy, Inc. 27.8B 89 61 39 97 55 58 59 1
Wolfspeed, Inc. 8.7B 96 63 58 97 56 73 60 1
Daqo New Energy Corp. 5.4B 92 62 81 95 93 93 61 1
SiTime Corporation 3.8B 57 67 65 73 64 58 62 1
Onto Innovation Inc. 3.7B 84 71 67 72 73 77 63 1
JinkoSolar Holding Co., Ltd. 3.3B 87 62 77 94 94 89 64 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 65 1
ACM Research, Inc. 950.7M 87 57 51 43 50 52 66 1
NeoPhotonics Corporation 837.4M 89 66 49 72 64 66 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
indie Semiconductor, Inc. 752.7M 49 54 72 56 56 44 69 1
Magnachip Semiconductor Corporation 681.9M 56 78 79 72 72 74 70 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 71 1
Navitas Semiconductor Corporation 575.2M 37 80 80 62 80 67 72 1
Rigetti Computing, Inc. 426.1M 94 62 85 99 98 98 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 74 1
Meta Materials Inc. 414.9M 51 78 42 41 51 41 75 1
Helix Technology Corporation 364.9M 66 77 79 85 52 65 76 1
Valens Semiconductor Ltd. 350.3M 92 70 66 45 73 75 77 1
Rockley Photonics Holdings Limited 338.0M 48 82 40 37 52 41 78 1
CyberOptics Corporation 278.5M 71 66 72 64 86 74 79 1
Transphorm, Inc. 260.9M 41 87 39 47 55 45 80 1

Income Statement Analysis

Return Factors and EBITDA stand out as the most significant drivers of Broadcom's income statement's strength. In this filing, Broadcom reported a return on equity (ROE) ratio of 39.7, which represents a change of 19.2%. Its return factor metrics are even more remarkable when compared to their peers. Consequently, their return factors received a grade of 90. Also, Broadcom's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 16956.0, which represents a 7.4% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. Their EBITDA metrics are even more impressive relative to their peers and competitors, and its likely the stock price has room to grow to reflect its intrinsic value accurately. Consequently, their EBITDA movement received a grade of 80. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Broadcom reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 29994.0 and represented 5.2% change from the previous period. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. As a result, their revenue efficiency earned a score of 59. Therefore, we scored its income statement a 71.

Parameter Value Change Score
EBITDA 16,956.0 7.4% 80
Total Revenues 29,994.0 5.2% 59
Return on Equity 39.7 19.2% 90
* All values are TTM

The below chart describes Broadcom's performance as reflected on its income statement with respect to its peers. While Broadcom received a income statement score of 71 , the average of its peers stands on 66.0.

  •  AVGO
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
NVIDIA Corporation 422.4B 46 83 68 63 0 1
Intel Corporation 157.9B 90 55 73 76 1 1
Texas Instruments Incorporated 143.5B 69 78 71 74 2 1
QUALCOMM Incorporated 142.4B 48 87 79 66 3 1
Advanced Micro Devices, Inc. 139.6B 40 89 38 59 4 1
Applied Materials, Inc. 84.9B 72 68 73 72 5 1
Analog Devices, Inc. 78.3B 40 91 93 65 6 1
Micron Technology, Inc. 65.6B 59 88 90 74 7 1
Lam Research Corporation 62.4B 80 63 75 74 8 1
KLA Corporation 50.5B 56 77 77 67 9 1
NXP Semiconductors N.V. 41.7B 59 79 90 71 10 1
Marvell Technology, Inc. 40.5B 41 89 88 64 11 1
Microchip Technology Incorporated 33.6B 57 83 92 71 12 1
GLOBALFOUNDRIES Inc. 24.5B 50 93 85 70 13 1
ON Semiconductor Corporation 23.5B 53 92 94 73 14 1
Monolithic Power Systems, Inc. 19.4B 45 90 83 66 15 1
SolarEdge Technologies, Inc. 16.5B 41 70 48 53 16 1
Skyworks Solutions, Inc. 15.8B 69 70 63 70 17 1
Teradyne, Inc. 15.7B 88 57 62 75 18 1
Entegris, Inc. 14.2B 56 80 80 69 19 1
Qorvo, Inc. 10.6B 76 65 63 71 20 1
First Solar, Inc. 7.5B 98 43 40 73 21 1
Lattice Semiconductor Corporation 7.2B 54 88 89 71 22 1
MKS Instruments, Inc. 6.0B 78 66 65 74 23 1
Universal Display Corporation 5.4B 71 63 61 68 24 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 25 1
CMC Materials, Inc. 5.2B 72 76 93 76 26 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 27 1
Synaptics Incorporated 5.1B 45 91 90 68 28 1
Power Integrations, Inc. 4.5B 80 76 83 80 29 1
Amkor Technology, Inc. 4.3B 63 76 77 70 30 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 31 1
Allegro MicroSystems, Inc. 4.1B 68 48 67 61 32 1
Semtech Corporation 3.6B 64 84 87 75 33 1
MACOM Technology Solutions Holdings, Inc. 3.4B 74 77 73 76 34 1
SunPower Corporation 3.2B 49 43 72 49 35 1
FormFactor, Inc. 3.1B 79 76 83 80 36 1
Diodes Incorporated 3.1B 66 84 86 76 37 1
Silicon Motion Technology Corporation 2.9B 54 83 78 72 38 1
Nova Ltd. 2.8B 41 89 78 70 39 1
MaxLinear, Inc. 2.7B 56 92 96 75 40 1
Ambarella, Inc. 2.7B 56 89 79 71 41 1
Kulicke and Soffa Industries, Inc. 2.7B 73 82 85 79 42 1
Rambus Inc. 2.4B 48 85 62 64 43 1
Canadian Solar Inc. 2.2B 73 76 53 72 44 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 45 1
Credo Technology Group Holding Ltd 1.7B 38 88 63 60 46 1
Himax Technologies, Inc. 1.6B 53 84 66 70 47 1
Impinj, Inc. 1.4B 64 53 52 59 48 1
Ultra Clean Holdings, Inc. 1.4B 53 73 71 63 49 1
Cohu, Inc. 1.4B 92 53 49 75 50 1
Photronics, Inc. 1.3B 55 86 92 71 51 1
SMART Global Holdings, Inc. 1.1B 48 86 68 65 52 1
Veeco Instruments Inc. 1.0B 66 84 91 76 53 1
Alpha and Omega Semiconductor Limited 957.1M 62 75 76 69 54 1
PDF Solutions, Inc. 813.0M 49 95 89 71 55 1
CEVA, Inc. 804.5M 51 90 97 71 56 1
Ichor Holdings, Ltd. 789.3M 72 60 55 67 57 1
Maxeon Solar Technologies, Ltd. 603.6M 50 49 60 49 58 1
Enphase Energy, Inc. 27.8B 45 74 55 57 59 1
Wolfspeed, Inc. 8.7B 49 90 86 69 60 1
Daqo New Energy Corp. 5.4B 37 96 94 65 61 1
SiTime Corporation 3.8B 39 93 78 64 62 1
Onto Innovation Inc. 3.7B 47 87 89 67 63 1
JinkoSolar Holding Co., Ltd. 3.3B 38 89 81 62 64 1
Camtek Ltd. 1.1B 50 81 71 68 65 1
ACM Research, Inc. 950.7M 88 42 42 67 66 1
NeoPhotonics Corporation 837.4M 45 95 90 69 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
indie Semiconductor, Inc. 752.7M 37 47 69 43 69 1
Magnachip Semiconductor Corporation 681.9M 94 80 88 90 70 1
Mykrolis Corp. 657.1M 68 68 58 67 71 1
Navitas Semiconductor Corporation 575.2M 56 45 72 53 72 1
Rigetti Computing, Inc. 426.1M 92 44 69 73 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 74 1
Meta Materials Inc. 414.9M 37 45 70 43 75 1
Helix Technology Corporation 364.9M 89 47 51 74 76 1
Valens Semiconductor Ltd. 350.3M 41 86 65 65 77 1
Rockley Photonics Holdings Limited 338.0M 97 50 83 79 78 1
CyberOptics Corporation 278.5M 54 87 87 71 79 1
Transphorm, Inc. 260.9M 37 81 97 68 80 1

Cash Flow Analysis

Broadcom appears likely to maintain its strong cash flow metrics and momentum going forward. Broadcom's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Broadcom recorded asset turnover of 0.4, which represents a 7.3% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 10.7%. Their asset turnover numbers are significantly more impressive when contrasted against their peers and competitors. Therefore, its asset turnover movement earned a score of 89. Also, Broadcom's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as -385.0, which represents a 9.6% change from the last period. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. Consequently, their CapEx movement received a grade of 87. On the other hand, Net Cash Flow, jumped out as looking problematic. Broadcom's net cash flow metrics were -513.0 according to their current filing, which represents a -176.9% change from the previous report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for Broadcom's stock price going forward. Consequently, their net cash flow movement received a grade of 74. Because its management is doing an excellent job managing these critical metrics, the cash flow was given a score of 85.

Parameter Value Change Score
Net Cashflow -513.0 -176.9% 74
Capital Expenditure -385.0 9.6% 87
Asset Turnover 0.4 7.3% 89
Free Cashflow 34.4 5.4% 76
* All values are TTM

The below chart describes Broadcom's performance as reflected on its cash flow with respect to its peers. While Broadcom received a cash flow score of 85, the average of its peers stands on 71.0.

  •  AVGO
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
NVIDIA Corporation 422.4B 93 65 61 86 82 0 1
Intel Corporation 157.9B 57 72 68 53 58 1 1
Texas Instruments Incorporated 143.5B 74 74 63 69 70 2 1
QUALCOMM Incorporated 142.4B 65 65 70 87 77 3 1
Advanced Micro Devices, Inc. 139.6B 93 66 69 37 57 4 1
Applied Materials, Inc. 84.9B 75 59 69 72 69 5 1
Analog Devices, Inc. 78.3B 78 76 51 94 84 6 1
Micron Technology, Inc. 65.6B 81 85 81 74 80 7 1
Lam Research Corporation 62.4B 72 60 56 75 68 8 1
KLA Corporation 50.5B 70 76 52 79 74 9 1
NXP Semiconductors N.V. 41.7B 59 72 51 85 73 10 1
Marvell Technology, Inc. 40.5B 94 84 58 46 65 11 1
Microchip Technology Incorporated 33.6B 80 79 48 84 79 12 1
GLOBALFOUNDRIES Inc. 24.5B 54 86 45 64 64 13 1
ON Semiconductor Corporation 23.5B 60 79 55 74 70 14 1
Monolithic Power Systems, Inc. 19.4B 84 78 59 75 77 15 1
SolarEdge Technologies, Inc. 16.5B 46 38 55 52 43 16 1
Skyworks Solutions, Inc. 15.8B 78 57 79 73 71 17 1
Teradyne, Inc. 15.7B 75 65 66 68 68 18 1
Entegris, Inc. 14.2B 60 57 50 77 65 19 1
Qorvo, Inc. 10.6B 78 65 87 71 73 20 1
First Solar, Inc. 7.5B 46 84 56 46 53 21 1
Lattice Semiconductor Corporation 7.2B 79 77 43 82 77 22 1
MKS Instruments, Inc. 6.0B 58 58 92 56 59 23 1
Universal Display Corporation 5.4B 74 81 68 65 71 24 1
Silicon Laboratories Inc. 5.3B 70 89 81 88 86 25 1
CMC Materials, Inc. 5.2B 72 66 68 80 75 26 1
Tower Semiconductor Ltd. 5.1B 76 57 55 58 68 27 1
Synaptics Incorporated 5.1B 85 62 98 55 67 28 1
Power Integrations, Inc. 4.5B 88 77 64 82 82 29 1
Amkor Technology, Inc. 4.3B 46 57 61 71 60 30 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 91 31 1
Allegro MicroSystems, Inc. 4.1B 56 56 77 56 56 32 1
Semtech Corporation 3.6B 79 78 58 79 78 33 1
MACOM Technology Solutions Holdings, Inc. 3.4B 46 78 54 78 69 34 1
SunPower Corporation 3.2B 84 41 39 93 74 35 1
FormFactor, Inc. 3.1B 78 81 66 58 68 36 1
Diodes Incorporated 3.1B 77 61 52 80 72 37 1
Silicon Motion Technology Corporation 2.9B 63 53 46 85 61 38 1
Nova Ltd. 2.8B 58 53 39 56 54 39 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 40 1
Ambarella, Inc. 2.7B 84 95 45 75 80 41 1
Kulicke and Soffa Industries, Inc. 2.7B 93 81 83 74 83 42 1
Rambus Inc. 2.4B 96 73 89 89 90 43 1
Canadian Solar Inc. 2.2B 69 70 74 68 71 44 1
Axcelis Technologies, Inc. 1.9B 81 77 68 85 82 45 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 46 1
Himax Technologies, Inc. 1.6B 66 77 48 79 67 47 1
Impinj, Inc. 1.4B 70 38 85 73 65 48 1
Ultra Clean Holdings, Inc. 1.4B 68 41 41 76 62 49 1
Cohu, Inc. 1.4B 92 62 71 44 59 50 1
Photronics, Inc. 1.3B 65 92 96 79 83 51 1
SMART Global Holdings, Inc. 1.1B 47 85 95 54 62 52 1
Veeco Instruments Inc. 1.0B 73 82 48 69 71 53 1
Alpha and Omega Semiconductor Limited 957.1M 49 64 45 59 54 54 1
PDF Solutions, Inc. 813.0M 81 98 45 92 89 55 1
CEVA, Inc. 804.5M 57 54 84 83 71 56 1
Ichor Holdings, Ltd. 789.3M 51 37 87 71 59 57 1
Maxeon Solar Technologies, Ltd. 603.6M 87 90 59 88 84 58 1
Enphase Energy, Inc. 27.8B 89 77 64 40 60 59 1
Wolfspeed, Inc. 8.7B 57 74 76 46 55 60 1
Daqo New Energy Corp. 5.4B 78 86 63 96 89 61 1
SiTime Corporation 3.8B 83 87 56 44 62 62 1
Onto Innovation Inc. 3.7B 95 65 88 85 85 63 1
JinkoSolar Holding Co., Ltd. 3.3B 67 69 73 78 74 64 1
Camtek Ltd. 1.1B 69 70 74 72 71 65 1
ACM Research, Inc. 950.7M 62 43 50 54 50 66 1
NeoPhotonics Corporation 837.4M 50 63 67 87 72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
indie Semiconductor, Inc. 752.7M 69 80 52 98 85 69 1
Magnachip Semiconductor Corporation 681.9M 65 56 76 54 57 70 1
Mykrolis Corp. 657.1M 65 69 68 82 75 71 1
Navitas Semiconductor Corporation 575.2M 70 87 94 93 90 72 1
Rigetti Computing, Inc. 426.1M 48 76 51 60 58 73 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 74 1
Meta Materials Inc. 414.9M 85 56 68 97 84 75 1
Helix Technology Corporation 364.9M 75 62 63 56 61 76 1
Valens Semiconductor Ltd. 350.3M 53 89 90 46 66 77 1
Rockley Photonics Holdings Limited 338.0M 80 72 66 46 59 78 1
CyberOptics Corporation 278.5M 49 74 89 78 72 79 1
Transphorm, Inc. 260.9M 81 87 96 94 88 80 1

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