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 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.