|Bid||255.10 x 200|
|Ask||256.10 x 200|
|Day's range||254.41 - 263.60|
|52-week range||208.44 - 285.68|
|PE ratio (TTM)||13.88|
|Earnings date||30 May 2018 - 4 Jun 2018|
|Forward dividend & yield||7.00 (2.61%)|
|1y target est||321.70|
Spotify sets a date for its direct listing, Broadcom talks acquisition strategy, and Apple makes an acquisition.
Can Qualcomm break from its past without endangering its future? That should be the key question on the minds of the chipmaker’s board of directors in the wake of its close call with Broadcom.
U.S. intervention to stop Broadcom's hostile pursuit of Qualcomm could set a precedent that leaves shareholders with less protection.
When AT&T agreed to buy Time Warner in October of 2016, many investors viewed it as a done deal. Time Warner (TWX) shares soared to nearly match AT&T’s offer price of $107.50 a share in cash and stock—no matter that both Donald Trump and Hillary Clinton had expressed reservations about the merger in the final days of the presidential election. Many investors dismissed their talk as bluster.
In the 71 years since the transistor was invented, that tiny breakthrough has produced enormous technological accomplishments, far more than William Shockley, one of its inventors, could have ever imagined. The bean-counting analysts who track chip giant Broadcom (AVGO) were almost universally in its corner during its $117 billion hostile bid for Qualcomm (QCOM). Now, Wall Street wants to know what Broadcom will try to buy as plan B. Broadcom CEO Hock Tan said on Thursday that Trump’s rejection hasn’t deterred his thirst for acquisitions.
The company said the decision was made after Jacobs informed the board that he is exploring the possibility of taking the $88 billion company private.
Broadcom shares dipped on Friday after the chipmaker pointed to a sharp drop in wireless chip orders from Apple.
The stock gained less than half a percent over the five days of trading, bolstered by weekend M&A rumors.