Key Apple Inc. (AAPL) Supplier Doing Big Things With 5G WiFi

When asked about his company’s presence in the living room, McGregor said:

“At the CES show, there are absolutely beautiful 4K by 2K sets, or HVAC sets […] but the interesting question is: how do you get the content on them? And so, we do that both with WiFi, and 5G WiFi has the bandwidth to do that. We also announced some set-top box products today that will enable the new ultra HD […] sets that you’re seeing now”

The CEO closed with the statement that Broadcom does “the plumbing of the Internet,” adding that the company “has done a good job of working with most of the major players in the industry.”

On the investment side of things, shares of Broadcom have gained close to 12% over the past 12 months, but the stock doesn’t trade at particularly attractive valuation metrics, either from an earnings or cash flow standpoint. The sell-side expects EPS growth over the next five years to slow to 14% annually–down from the 20.6% average it has experienced since 2008.

Still, in the hedge fund industry, the stock has quite a bit of top-name interest, including long positions from David Tepper, Jim Simons and Paul Tudor Jones. Check out the entire industry’s sentiment toward Broadcom here, and for more related coverage, continue reading below:

Is ADM a Good Investment?

Cramer and Tepper Love These Stocks

A Good ‘Growth at a Reasonable Price’ Play