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Sep 06, 2020

Broadcom (AVGO, $362.95) beats Q2 earnings and revenue estimates

Broadcom   reported third-quarter earnings that surpassed analysts’ expectations.  

For the quarter ended Aug. 2, the semiconductor and software company’s non-GAAP earnings of $5.40 a share, beat the $5.24 expected by analysts polled by FactSet.

Revenue for the quarter came in at $5.82 billion, compared to analysts’ estimate of $5.76 billion.

Semiconductor revenue was $4.2 billion in the quarter, which is 72% of its overall revenue.

Looking ahead, the company expects fourth quarter revenue to range between $6.25 billion and $6.55 billion, compared to analysts’ forecast of $6.18 billion. 

“Looking ahead, our cash-flow outlook remains robust and we plan to pay down an additional $3 billion in debt in the fourth quarter," said Chief Financial Officer Tom Krause.

Tickeron's analysis of shows that, AVGO's in Uptrend: Moving Average Convergence Divergence (MACD) Histogram just turned positive

This is a Bullish indicator signaling AVGO's price could rise. Traders may explore going long on the ticker or buying call options. In 31 of 43 cases where AVGO's MACD histogram became positive, the price rose further within the following month. The odds of a continued Uptrend are 72%.

Current price $362.95 is above $327.36 the highest support line found by A.I. Throughout the month of 08/05/20 - 09/04/20, the price experienced a +10% Uptrend. During the week of 08/28/20 - 09/04/20, the stock enjoyed a +5% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator exceeded the 0 level on August 21, 2020. Traders may consider buying the ticker or exploring call options. In 68 of 95 cases where the ticker's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 72%.

The Aroon Indicator entered an Uptrend today. In 167 of 295 similar cases where AVGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 57%.

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 25 of 40 cases where AVGO's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 63%.

The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 40 of 66 cases where AVGO's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 61%.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 27 of 45 cases where AVGO's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 60%.

Fundamental Analysis (Ratings)

Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 56%. During the last month, the daily ratio of advancing to declining volumes was 1.9 to 1.

The Tickeron Valuation Rating of 8 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.10) is normal, around the industry mean (4.91). P/E Ratio (68.13) is within average values for comparable stocks, (84.09). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (2.21). AVGO's Dividend Yield (3.57) is considerably higher than the industry average of (0.59). P/S Ratio (5.76) is also within normal values, averaging (4.39).

The Tickeron Price Growth Rating for this company is 8 (best 1 - 100 worst), indicating outstanding price growth. AVGO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 15 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 58, placing this stock better than average.

The Tickeron PE Growth Rating for this company is 21 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is 58 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

Related Ticker: AVGO

AVGO's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for AVGO turned positive on May 06, 2024. Looking at past instances where AVGO's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 14, 2024. You may want to consider a long position or call options on AVGO as a result. In of 96 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

AVGO moved above its 50-day moving average on May 10, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for AVGO crossed bullishly above the 50-day moving average on May 15, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVGO advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 322 cases where AVGO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for AVGO moved out of overbought territory on May 16, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where AVGO's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AVGO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

AVGO broke above its upper Bollinger Band on May 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 62, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. AVGO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.320) is normal, around the industry mean (7.105). P/E Ratio (52.534) is within average values for comparable stocks, (55.162). Projected Growth (PEG Ratio) (1.638) is also within normal values, averaging (3.294). Dividend Yield (0.014) settles around the average of (0.020) among similar stocks. P/S Ratio (15.873) is also within normal values, averaging (33.432).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Broadcom (NASDAQ:AVGO), Advanced Micro Devices (NASDAQ:AMD), QUALCOMM (NASDAQ:QCOM), Texas Instruments (NASDAQ:TXN), Applied Materials (NASDAQ:AMAT), Micron Technology (NASDAQ:MU), Intel Corp (NASDAQ:INTC), Lam Research Corp (NASDAQ:LRCX).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 46.61B. The market cap for tickers in the group ranges from 13.43K to 2.8T. NVDA holds the highest valuation in this group at 2.8T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was -1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 23%. NVDA experienced the highest price growth at 19%, while GUER experienced the biggest fall at -35%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was 42%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was 5%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 47
Price Growth Rating: 48
SMR Rating: 69
Profit Risk Rating: 62
Seasonality Score: 18 (-100 ... +100)
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A.I.Advisor
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A.I. Advisor
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General Information

a manufacturer of digital and analog semiconductor products

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
3421 Hillview Avenue
Phone
+1 650 427-6000
Employees
20000
Web
https://www.broadcom.com
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