Broadcom Doubles Its Dividend and Foresees Healthy Wireless and Storage Demand; Maintain $176 FVE
Broadcom Limited reported strong fiscal fourth-quarter results and provided investors with a first-quarter forecast that were relatively in line with our expectations and point toward healthy demand for both networking chips and wireless products going into smartphones and, most importantly, Apple’s iPhone 7 series. We don’t think the company’s first-quarter forecast implies a sharp slowdown in iPhone production on the horizon, as compared with a year ago when an iPhone 6s slowdown provided head...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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