Intel, Facing Threat, Considers Deals That Could Include Bid for Broadcom

Intel Plays Down Report of Interest in Broadcom Acquisition

Intel might buy Broadcom, which is trying to buy Qualcomm

AVGO has been the topic of a number of research analyst reports.

While Intel isn't ruling out an eventual approach to Broadcom, there are no takeover discussions under way, and that outcome isn't the most likely one, according to a person with knowledge of the matter contacted by Bloomberg who asked not to be identified discussing private deliberations. It said it will maintain Qualcomm's 5G research and development resources and it pledged to create a new $1.5 billion fund to "train and educate the next generation of engineers in the U.S." to "ensure America's lead in future wireless technology". The company also has strong ties with leading OEMs across multiple target markets that will help it to gain key insights into the requirements of customers.

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So initially the PC processor manufacturer is anxious that the acquisition of Broadcom will ultimately fail, but in the event that it is successful, it can try to buy the two companies combined. Susquehanna Bancshares upped their price objective on shares of Broadcom from $300.00 to $325.00 and gave the stock a "positive" rating in a research report on Wednesday, December 6th. KeyCorp reaffirmed an "overweight" rating and set a $320.00 target price (up previously from $290.00) on shares of Broadcom in a report on Monday, December 4th. J.P. Morgan maintained Broadcom Limited (NASDAQ:AVGO) on Tuesday, September 12 with "Buy" rating. The company now has an average rating of "Buy" and a consensus price target of $305.81.

Broadcom Ltd (NASDAQ:AVGO) opened at $253.78 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.68 and a current ratio of 6.26. The Qualcomm board believes that Broadcom's offer of $79 per share severely undervalues the the company. The bank plans to sell 20% of the unit at a price of €30 ($37) to €36 ($44) a share. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The stock was sold at an average price of $264.38, for a total value of $173,433.28. The disclosure for this sale can be found here. Insiders sold a total of 84,481 shares of company stock valued at $21,805,795 over the last ninety days. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Broadcom in the 4th quarter valued at $215,260,000. Finally, Oxbow Advisors LLC raised its position in shares of Broadcom by 14.1% in the 4th quarter. Palladium Partners LLC grew its stake in Broadcom by 6.8% in the 3rd quarter.

Broadcom is incorporated in Singapore and co-headquartered there and in Irvine, California.

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