Broadcom Corp. (BRCM) was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 2.26% in the past one-month time frame.
None of the estimates for this semiconductor-communications stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Broadcom carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Investors interested in the industry may also consider stocks like Marvell Technology Group Ltd. (MRVL) and TriQuint Semiconductor, Inc. (TQNT). While Marvell sports a Zacks Rank #1 (Strong Buy), TriQuint Semiconductor carries a Zacks Rank #2 (Buy). One other stock worth considering in the wider technology sector is ACI Worldwide, Inc. (ACIW) with a Zacks Rank #1.
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