2024
 AVGO: Good growth, raising estimates in 1H24 with further improvement in 2H24. (March 8, 2024)
2023
AVGO: Weak economy offsetting AI growth near-term. (December 8, 2023)
AVGO: Slowing demand in core semiconductor markets suggests caution. (September 1, 2023)
AVGO: Near and long term trends for company’s semiconductor businesses improving. (June 2, 2023)
AVGO: Apple agreement solidifies RFFE, raises questions about WiFi. (May 23, 2023)
AVGO: Networking remains strong, limited downside to wireless, outlook improves. (March 3, 2023)
AVGO, QCOM, QRVO, SWKS: Apple is still not getting into RF module design. (January 12, 2023)
2022
(Back to Top)
AVGO: Standout performance and guidance but tread carefully into 2Q. (December 9, 2022)
AVGO: Bucking the trend in growth. (September 2, 2022)
AVGO: The recession’s likely impact on Broadcom’s results and guidance. (August 29, 2022)
AVGO: Near-term demand strong while VMware unlocks long-term software opportunities. (May 26, 2022)
AVGO: Little holding back revenue and EPS growth this year. (March 4, 2022)
AVGO: Semi stocks warrant caution in 2022. (January 25, 2022)
AVGO, QRVO, SWKS: China low-end 5G may sidestep modules and go discrete. (January 6, 2022)
2021
(Back to Top)
AVGO: Another step towards an RF duopoly, Broadcom’s on the way out at Samsung. (December 16, 2021)
AVGO: CY22 looks exceptionally strong except perhaps wireless. (December 10, 2021)
AVGO: Above average growth will almost certainly accelerate in 2H21. (September 3, 2021)
AAPL, QRVO, SWKS, AVGO, QCOM: Necromancing LEOs. (August 30, 2021)
AVGO: Beat and raise on rebound in semiconductors and 2H growth in wireless. (June 4, 2021)
AVGO: Apple's configuration of mmW in iPhone 13 has no impact on AVGO, QRVO or SWKS. (April 19, 2021)
AVGO: Record demand and backlog now account for 90% of 2021 capacity. (March 5, 2021)
AVGO: Signs point to a strong start for FY21. (March 2, 2021)
AVGO: Semi shortage has little impact on RF and none on silicon carbide. (February 19, 2021)
2020
(Back to Top)
AVGO: Back to y/y growth in Semiconductors, further acceleration in 1Q21. (December 11, 2020)
AVGO: Surprises from our teardown of the iPhone 12. (November 2, 2020)
AVGO: iPhone 12 RF content estimates likely too low. (October 26, 2020)
AVGO: The 5G iPhone mmWave dilemma. (September 8, 2020)
AVGO: Semiconductors rebounding, EBITDA up, and M&A likely in 2021. (September 4, 2020)
AVGO: Expect better than consensus results on Thursday’s report. (September 2, 2020)
AVGO: 5G Content in Phones. (June 23, 2020)
AVGO: Goodbye WiFi. (June 11, 2020)
AVGO: Sharp rebound in semiconductors suggests a strong finish to 2020. (June 5, 2020)
AVGO: China’s 5G requirement adds a lot of RF content. (May 29, 2020)
AVGO: Liquidity and debt fears are overdone. Upgrade to Market Outperform from Market Perform. (April 9, 2020)
AVGO: Decline and recovery at the speed of a virus, not a bankruptcy. (March 18, 2020)
AVGO: Encouraging trends but rebound not likely until mid-year. (March 13, 2020)
AVGO: Wireless business likely to remain with Broadcom. (March 4, 2020)
AVGO: Coronavirus: Large and pervasive negative impact on demand. Maintain Market Perform rating. (February 18, 2020)
AVGO: Is Broadcom selling WiFi because Apple is doing its own chip? (February 12, 2020)
AVGO: Why Wireless, why now? (January 23, 2020)
AVGO: RF Semiconductors: Huawei Mate 30 Pro teardown suggests a return to U.S. components is inevitable. Maintain Market Perform rating. (January 7, 2020)
2019
(Back to Top)
AVGO: FY20 reinvestments with an eye to divest wireless and acquire software assets in '21. Maintain Market Perform rating. (December 13, 2019)
AVGO: Getting ready to sell wireless RF, pay down debt and buy more accretive software assets. (December 12, 2019)
AVGO: How Huawei can field flagship smartphones without U.S. components. Maintain Market Perform rating. (September 26, 2019)
AVGO: GM of Wireless departure likely not a sign of trouble. (September 16, 2019)
AVGO: Stability in demand but growth will likely be elusive until at least 4QCY19. Maintain Market Perform rating. (September 13, 2019)
AVGO: Hock Tan's guidance is trouble for Verizon's 5G story. (September 10, 2019)
AVGO: RF Semiconductors: Mislabeling parts doesn’t help Huawei’s predicament. Maintain Market Perform rating. (August 14, 2019)
AVGO: RF Semiconductors: Why Huawei needs U.S. components to build flagship smartphones.
Maintain Market Perform rating. (August 9, 2019)
AVGO: RF Semiconductors: You can’t build a flagship smartphone without U.S. RF semiconductors. Maintain Market Perform rating. (July 27, 2019)
AVGO: Thou shalt not pass. (June 18, 2019)
AVGO: Caution and inventory correction undercut FY19 guidance. Downgrade to Market Perform rating. (June 14, 2019)
AVGO: Apple agreement extends the status quo. Maintain Buy rating. (June 11, 2019)
AVGO: Hock Tan is a funny guy. (June 4, 2019)
AVGO: Impact of Huawei ban on phones, base stations and semiconductors. Maintain Buy rating. (May 22, 2019)
AVGO: The ripple effect of the Apple-Qualcomm settlement. Maintain Buy rating. (April 30, 2019)
AVGO: Euphoria over Apple settlement may be short lived but it’s not good news for Qorvo. Maintain Buy rating. (April 17, 2019)
AVGO: What's behind Broadcom's record wireless revenue growth in 2H19. Maintain Buy rating. (April 11, 2019)
AVGO: The 5G Fairy Tale. Maintain Buy rating. (March 27, 2019)
AVGO: Discretion as the better part of guidance. Maintain Buy rating. (March 15, 2019)
AVGO: Broadcom has all but skunked Qualcomm in 802.11ax. (February 12, 2019)
AVGO: Have Broadcom & Qorvo become interchangeable for BAW? Maintain Buy rating. (January 22, 2019)
AVGO: What to expect for Apple & the RF semi suppliers. Maintain Buy rating. (January 3, 2019)
2018
(Back to Top)
AVGO: Expect higher content at existing semiconductor and new software customers. Upgrade to Buy rating. (December 7, 2018)
AVGO: Upside from CA & Datacenter should mute downside from Apple. Maintain Market Perform rating. (November 13, 2018)
AVGO: RF Semiconductors: Apple's iPhone problems and impacts on the RF supply chain. Maintain Market Perform rating. (November 6, 2018)
AVGO: RF Semiconductors: Trade wars, embargoes, hurricanes - RF content is still going up. Maintain Market Perform rating. (October 23, 2018)
AVGO: RF Semiconductors: What's ailing wireless? Maintain Market Perform rating. (September 19, 2018)
AVGO: Solid performance, good prospects, but lots of uncertainty over CA remains. Maintain Market Perform rating. (September 7, 2018)
AVGO: Semiconductor reports out of 2Q18 suggest upside to results later today. Maintain Market Perform rating. (September 6, 2018)
AVGO: Bull case on Qualcomm's 5G RF is far off the mark. Maintain Market Perform rating. (August 8, 2018)
AVGO: Change in M&A strategy is a demarcation point for large swath of investor base. Downgrade to Market Perform rating. (July 12, 2018)
AVGO: Stagnation in demand for flagship smartphones forcing changes to mix at Apple. Reiterate BUY rating. (April 30, 2018)
AVGO: Margins and cash flow should improve even with slower growth in wireless. Reiterate BUY rating. (March 16, 2018)
AVGO: Qualcomm vs. Broadcom: Checkers or Chess? Reiterate BUY rating. (February 13, 2018)
AVGO: Big gains on 2018 iPhone; unaffected by Qorvo’s super PAD win. Reiterate BUY rating. (February 5, 2018)
AVGO: Points of interest on RF. Reiterate BUY rating. (January 16, 2018)
2017
(Back to Top)
AVGO: Trends favoring all major businesses in 1H18 and then… Qualcomm. Reiterate BUY rating. (December 07, 2017)
AVGO: Likely scenarios for Broadcom’s acquisition of Qualcomm. Reiterate BUY rating. (November 05, 2017)
AVGO: Big changes afoot in RF semiconductors. Reiterate Buy. (September 15, 2017)
AVGO: Consensus estimates for native growth (without Brocade) are too low. Reiterate Buy. (August 25, 2017)
AVGO: Price erosion in RF semiconductors – an exaggerated threat. Reiterate Buy.
(August 15, 2017)
AVGO: What to expect for the RF stocks with Apple’s upcoming phone release. Reiterate Buy. (July 07, 2017)
AVGO: Post AVGO report, read through to SWKS, QRVO and 2018 iPhone. Reiterate Buy. (June 02, 2017)
AVGO: Growth accelerating in 2H17 even without Brocade. Maintain BUY rating. (June 02, 2017)
AVGO: Site visit suggests good growth, more acquisitions, higher dividends. Maintain BUY rating. (March 29, 2017)
AVGO: Big year in 2017 followed by another in 2018 once Brocade closes. Maintain BUY rating. (March 6, 2017)
AVGO: RF content story for 2017. Maintain BUY rating. (January 18, 2017)
2016
(Back to Top)
AVGO: Strong growth prospects even without BAW. Maintain BUY rating. (December 9, 2016)
AVGO: Is Broadcom preparing to divest its BAW filter business? Maintain BUY rating. (December 6, 2016)
AVGO: Murata's IHP filter not a threat to RF semi manufacturers. Maintain BUY rating. (September 21, 2016)
AVGO: Good secular growth into ’17; beyond that will probably require an acquisition. Maintain BUY rating. (September 2, 2016)
AVGO: Site visit reinforces clear growth and M&A trajectories. Maintain BUY rating. (August 9, 2016)
AVGO: Apple’s report bodes well for all RF semi mfgs; some more than others. Maintain BUY rating. (July 27, 2016)
AVGO: Even if iPhone’s release schedule is stretched (unlikely), it will have no bearing on RF. Maintain BUY rating. (June 4, 2016)
AVGO:Expect Wired demand to remain robust, Wireless to accelerate. Maintain BUY rating. (June 3, 2016)
AVGO: RF Semiconductors Q&A from recent earnings reports. Maintain BUY rating. (May 10, 2016)
AVGO: iPhone SE uses the 5S RF front end. Maintain BUY rating. (May 3, 2016)
AVGO: Upside from Wireless, synergies and big gains on iPhone 7 bode well for ’16. Maintain BUY rating. (March 4, 2016)
|
|