Broadcom Corporation (BRCM) News: Launches Highest Speed Processor, Oversold Stocks, Alliance with Rovi Corporation (ROVI) & More

Editor’s Note: Related tickers: Broadcom Corporation (NASDAQ:BRCM), Rovi Corporation (NASDAQ:ROVI), Sharp Corporation (ADR) (OTCMKTS:SHCAY)

Broadcom Continues Innovating (Nasdaq)
In a highly digital world where every sphere of human action is being digitalized, Broadcom Corporation (NASDAQ:BRCM) has been rigorously innovating new products and technologies to stay ahead in a competitive industry. The latest addition to the new products from Broadcom Corporation (NASDAQ:BRCM) is a multi-core communications processor, named XLP900 Series. This processor carries by far the highest speed available in the market, being manufactured in 28 nanometers (nm). Broadcom Corporation (NASDAQ:BRCM) has taken this initiative keeping in mind the growth potential these high-speed processors bear due to the availability of high-speed 4G LTE/LTE Advanced services.

Broadcom Corporation (NASDAQ:BRCM)

Broadcom Becomes Oversold (BRCM) (Forbes)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Wednesday, shares of Broadcom Corporation (NASDAQ:BRCM) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $33.23 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 47.5. A bullish investor could look at BRCM’s 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Broadcom Corp Rating Increased to Outperform at Macquarie (BRCM) (TickerReport)
Macquarie upgraded shares of Broadcom Corporation (NASDAQ:BRCM) from a neutral rating to an outperform rating in a report released on Friday, TheFlyOnTheWall.com reports. Macquarie currently has $40.80 price objective on the stock, up from their previous price objective of $35.70. A number of other firms have also recently commented on BRCM. Analysts at FBR Capital Markets raised their price target on shares of Broadcom Corporation (NASDAQ:BRCM) from $42.00 to $44.00 in a research note to investors on Tuesday, June 4th. They now have an outperform rating on the stock. Separately, analysts at Susquehanna downgraded shares of Broadcom Corporation (NASDAQ:BRCM) from a positive rating to a neutral rating in a research note to investors on Tuesday, May 28th.

Sharp Adopts Broadcom’s 5G WiFi Tech (Nasdaq)
Leading semiconductor solutions provider Broadcom Corporation (NASDAQ:BRCM)’s 5G WiFi technology was recently adopted by Sharp Corporation (ADR) (OTCMKTS:SHCAY) for its new NTT DOCOMO smartphone. Adding to the expanding ecosystem of 5G WiFi products, Sharp Corporation (ADR) (OTCMKTS:SHCAY)’s AQUOS PHONE ZETA SH-06E is powered by the BCM4335 integrated chip that provides customers with a better networking experience. 5G WiFi technology is being globally adopted across mobile, home, office networking and many other product segments.IEEE 802.11ac, a wireless computing standard based on 5G WiFi, delivers delivers reliable and faster Internet speeds and more effective way of power line communications, reducing power consumption by 83% in mobile devices.

Rovi and Broadcom to Enable HEVC Playback Across Multiple Screens (NewsWireToday)
Rovi Corporation (NASDAQ:ROVI), driving digital entertainment innovation, today announced it is working with Broadcom Corporation (NASDAQ:BRCM) to enable device manufacturers and service providers to utilize the benefits of High Efficiency Video Codec (HEVC/H.265) to deliver an enhanced entertainment experience. Rovi Corporation (NASDAQ:ROVI) is planning to drive 4K content creation and, through its DivX® HEVC Certification Program, the market availability of compatible devices. Broadcom Corporation (NASDAQ:BRCM) plans to support the playback of DivX HEVC streaming and downloadable content in the company’s recently announced BCM7445, an Ultra High Definition (UltraHD) home gateway chip. UltraHD quadruples the resolution of today’s 1080p HDTV displays and HEVC provides the necessary efficiencies to reduce the bandwidth required by up to 40% as compared to the previous H.264 standard.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!