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Jonathan Moreland
  • Jonathan Moreland

InsiderInsights Weekly Report: September 9, 2023

InsiderInsights Ratings of Companies with Open-Market Form 4 Purchases; Sales Filed at the SEC on the date above. We separate the real investment intelligence from the noise. Saving you time, and improving your research process

Brian Colello ... (+2)
  • Brian Colello
  • CPA

Broadcom's Data Center Strength Should Offset Any iPhone Weakness; Rai...

We are raising our fair value estimate for narrow-moat Broadcom by about 12%, to $255 per share from $227, after the company announced fiscal first-quarter revenue toward the high end of its previously forecast range and, just as important, provided investors with a solid fiscal second-quarter forecast that was above our prior expectations despite "greater than seasonal" weakness in wireless associated with a reported slowdown in Apple iPhone X production. We’re impressed by Broadcom’s recen...

Brian Colello ... (+2)
  • Brian Colello
  • CPA

Broadcom Limited should remain on the M&A hunt for quite some time.

Broadcom Limited reported solid fiscal fourth-quarter earnings and provided investors with a forecast for the January quarter that was relatively in line with our expectations after factoring in the firm's recent acquisition of Brocade. Business conditions still appear quite healthy across most end markets, as the company will continue to reap the benefits of content gains within Apple's latest iPhone series. Longer term, with Brocade in the fold, we're encouraged that the company also raised a ...

Brian Colello ... (+2)
  • Brian Colello
  • CPA

Broadcom Reports Healthy 4Q Results as it Stays Mum on Qualcomm; Maint...

Broadcom Limited reported solid fiscal fourth-quarter earnings and provided investors with a forecast for the January quarter that was relatively in line with our expectations after factoring in the firm's recent acquisition of Brocade. Business conditions still appear quite healthy across most end markets, as the company will continue to reap the benefits of content gains within Apple's latest iPhone series. Longer term, with Brocade in the fold, we're encouraged that the company also raised a ...

Brian Colello ... (+2)
  • Brian Colello
  • CPA

Broadcom Attempting to Pull Off a Shocking, Shrewd Acquisition of Unde...

Bloomberg and The Wall Street Journal reported late Nov. 3 that Broadcom is exploring an unsolicited acquisition of Best Idea Qualcomm in a deal that would be the largest, by far, in the history of the semiconductor industry. A subsequent Bloomberg update pinned the deal price at $70 per share, paid for with cash and stock, which implies that Broadcom will buy all of Qualcomm rather than simply the chip business. In our view, Broadcom's acquisition of Qualcomm's chip business, QCT, would make st...

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