Broadcom Corporation (NASDAQ:BRCM): Tale of the Tape
Denver, CO, 08/16/2013 (Avauncer.com) – Broadcom Corporation (NASDAQ:BRCM) is a FORTUNE 500 company founded in 1991. It has offices in most of the major cities around the world and its research and development facilities are in North America, Asia and EMEA. It is a global leader in semiconductor solutions for wired and wireless communications. BRCM’s mission is to connect people. It offers services in the home, office and mobile environments in the form of voice, video, data and multimedia connectivity. From urban corporate data centers to villages its products are found everywhere in the world. It is a company founded by the engineers, managed by the experienced professionals and powered by the highly talented workforce. As it is world’s largest fabless company it designs and develops its products in labs and design centers and manufactures nearly 200 billion chips annually.
BRCM was founded to encourage and enable young generation throughout the planet to enter careers in science, technology, engineering and mathematics (STEM) through partnerships with local schools, colleges, universities and non-profit organizations.
On August 15, 2013 the company declared its next quarter cash dividend of $0.11 per share to company’s Class A and Class B common stock holders at the close of business on August 30, 2013.The dividend will be paid on Sep. 16, 2013.
Currently the stock is trailingaround $26 with ten day average volume of 11.9 million. During the trailing twelve monthsthe stock floated within $23.25 to $37.85. The overall return over past one year (ttm) is -24.99%. Moreover the firm is seeing unfavorable trends on moving average front, as recently its 50 Day Moving Average broke out the 200 Day Simple Moving Average which suggests short term bearishness.