Broadcom Inc AVGO:NASDAQ

Last Price$477.84NASDAQ Previous Close - Last Trade as of 4:00PM ET 7/01/22

Today's Change-7.97(1.64%)
Bid (Size)$476.70 (1)
Ask (Size)$478.30 (1)
Day Low / High$469.43 - 484.27
Volume2.1 M

Oppenheimer Expects Modest Earnings Beat for Semiconductor Stocks

1:36PM ET 4/12/2022 MT Newswires
Marvell Technology, Inc. (MRVL), Monolithic Power Systems, Inc. (MPWR), Broadcom Inc. (AVGO), and NVIDIA Corporation (NVDA) were named by analysts at Oppenheimer as the firm's top picks among semiconductor industry stocks, which will begin reporting earnings later in April.

"We see a modest beat/raise on tap for most, though don't expect investors to reward good news as cycle/macro fears grow," Oppenheimer said in a note to clients Tuesday. "We are stock selective, favoring companies gaining content/share in core growth verticals DC/cloud, 5G, and Auto."

The firm has set a price target of $110 for Marvell, $525 for Monolithic Power Systems, $350 for NVIDIA, and $720 for Broadcom.

Price: 61.44, Change: +0.71, Percent Change: +1.17