Investor’s Insights: Broadcom Corp. (NASDAQ:BRCM)

[PR Newswire] Broadcom Corp. (NASDAQ:BRCM),a global innovation leader in semiconductor solutions for wired and wireless communications, announced the immediate availability of a new line of switches optimized for cloud-scale data centers. Building on its widely deployed StrataXGS^® Trident and StrataDNX™ products, the new StrataXGS^® Tomahawk™ Switch Series is the industry's highest performance Ethernet switch, delivering 3.2 Terabits per second (Tbps) switching capacity, unparalleled port density and SDN-optimized engines in a single chip.Stock PerformanceTaking a look at the company’s recent performance, Broadcom Corp. (BRCM) reported second quarter earnings for fiscal 2014 on July 22^nd. The company reported actual earnings per share of $0.65 against the consensus Street estimate of $0.61. This represents year over year downfall of 7.7%. Broadcom posted revenue of $2.04 billion against estimates of $2.05 billion.Broadcom is currently valued at $20.89 billion and closed the last trading session at $35.41. The stock has a 50-day moving average of $39.71 and a 200-day moving average of $35.47.

Is this a Buying Opportunity?There are currently thirty four analysts that we track that cover the stock. Of those thirty four, twenty one have a Buy rating, one has a Sell rating and twelve have a hold rating. On a consensus basis this yields a score of 2.59 and a Buy. The combined price objective of these covering analysts is $41.36, which represents a 41.36% upside difference to the last closing price.The most recent analyst activity consisted of Cowen and Company boosted their Outperform stance on the company. Cowen and Company has a price target of $40 which represents an upside of 23.50% from the last closing price. On the date of the report, the stock closed at $40.32Another research firm weighing in recently was FBR Capital Markets who also reiterated their rating on the stock. On September 8^th FBR Capital Markets boosted their price target on the stock at $46, or a 13.85% upside to the current price. On the day of the report, BRCM shares closed at $41.04.Company ProfileBroadcom Corp. (BRCM) provides semiconductor solutions for wired and wireless communications. Its products offer voice, video, data, and multimedia connectivity in the home, office, and mobile environments. The company operates in three segments: Broadband Communications, Mobile and Wireless, and Infrastructure and Networking. The Broadband Communications segment offers cable, satellite, IP, and terrestrial set-top boxes that enable service providers to deploy a range of features and services for consumers; DSL, cable, and fiber broadband access services; and wireless infrastructure solutions, such as femtocell to enhance cellular coverage and small cell low-powered radio access nodes.