저자: 김남필 · 한국인
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브로드컴 실적 발표 후 시장 기대 상승, 주요 IB 목표가 상향(모건스탠리 723달러, UBS 660달러). 자사주 매입·배당 확대 여부는 불분명하며 투자 기회 감소 신호로 해석. 자막 오류가 많아 세부 수치 신뢰도 낮음.
다듬은 글
Today's featured stock is Broadcom. Mine is Aveo, and yesterday's closing price was $631.68. In this video, I will delve deeply into the details of the earnings announcement. The stock rose significantly in the market immediately after the announcement and surged 8% on the following trading day. I interpret this as a further rise driven by expectations that the semiconductor market will improve, as companies that had underperformed during the period are increasing their investments.
In fact, expectations for Broadcom's earnings had been building since the beginning of last week. One week prior to the announcement, Oppenheimer analyst Taper released an optimistic outlook, stating that over $20 billion in orders had accumulated due to semiconductor supply shortages and that this would drive earnings every year.
I pay my respects to the foresight shown in preemptively lowering the target price from $575 to $650. On December 9th (local time), Broadcom actually announced a surprise. In terms of content, both revenue and EPS exceeded market expectations. Although they did not provide specific figures for next year's forecast, management showed strong confidence regarding cloud services.
The data center sector is confirmed to remain promising. The following is a summary of assessments from overseas investment banks regarding this earnings announcement. Morgan Stanley analyst Jang Boo-More stated that factors allowing for optimism regarding future growth prospects have been identified, citing strong growth momentum.
He noted that the operating profit margin rose significantly, and revenue figures were revised upwards. He also explained the positive impact by raising the target price from $572 to $723, noting that Q1 deliveries were increased by 14% and the policy of frequently purchasing backup aloe points to no bag space for large advance bookings, while simultaneously interpreting it as confidence that growth momentum remains solid even without M&A.
UBS also raised its target price from $580 to $660 based on similar logic, and Credit Suisse also stated that product demand is robust. Regarding the semiconductor supply shortage issue, cartoonists have a positive outlook for the first quarter of next year. Aside from the timing, among the factors related to this Dio syncret, the impact is particularly significant regarding the scale of share buybacks and dividends.
The share buyback mate ball is missing in the backup color, and is about A 4.1% increase in dividends represents a ratio of 13.9%; theoretically, simply adding these two factors together amounts to a future potential factor of approximately 18%. Ultimately, the highlight is the absence of shareholder return policies, typically represented by share buybacks and dividend increases.
While the strategy of expanding shareholder returns is very positive in itself, to be precise, it implies that investment opportunities have diminished. One can infer that management believes there is no better investment opportunity than buying back their own stock. Yes, I believe there is almost no chance that Baeyoung's ticket reservation & 2 will materialize in the network sector next year.
The other news regarding the acquisition of the small-to-medium computer software company, Recon, is merely a small example, and it is unlikely to be a "what if" that breaks the existing mold. Let me evaluate this objectively. While this share buyback is positive for 9 people, it is a one-time event, and it is difficult to say that the policy regarding diuretic cash flow is Volume 1.
In the form of a dump, let's listen directly to the answer to the journalist list question. This 8-pack Yakkiner Fix fast trembling level is Nadi Wool extracting run what I can't hear fall in love fr flora I have to go for 3 more days in the second semester love to b belly n y neighbor is it Nagano Prefecture total troop irn when looking at it moon so it is like this Mac land really pay whether when bringing it out matters to the IT industry down don't tear it apart more if you come external dummy when game extent let's memorize it it would have been nice if thoughts were shared, but regarding the fact that it rose, they just laughed with improvisation and avoided direct Attorney Park.
I guess this is the seasoned experience of a manager who completely blocks the possibility of insider information leakage. Broadcup has total sales reaching a profit margin of 70%, and the app is correct 1 60%, and the brother is a blue-chip semiconductor company with such good output that the question is half of the total sales.
When investing, both an understanding of the semiconductor market conditions and analysis of the company are required. For example, regarding major clients, the trend of increasing the proportion of in-house development is negative for service sales. However, considering the seasonal trends of semiconductors, based on Apple sales, the night sol will not deal a major blow to performance, and decisively, there is already enough of such concerns in the market.
Today, a special investment opinion I will wrap up here without further ado. Please all hand-spit out. Thank you for watching.
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