Today’s Research Reports on Trending Tickers: Broadcom and NXP Semiconductors

NEW YORK, NY / ACCESSWIRE / June 8, 2018 / U.S. markets were mixed Thursday as a selloff in technology shares weighed in major indexes. The Dow Jones Industrial Average increased 0.38 percent to close at 25,241.41, as two-thirds of its components closed in the green. The S&P 500 Index fell 0.07 percent to close at 2,770.37, while the Nasdaq Composite Index was down 0.7 percent to close at 7,635.07.

“The selloff in the tech sector today appears to be technical, as these stocks had rallied a lot over the previous sessions, with many shares setting all-time highs,” said Quincy Krosby, chief market strategist, at Prudential Financial.

RDI Initiates Coverage on:

Broadcom Inc.
https://rdinvesting.com/news/?ticker=AVGO

NXP Semiconductors N.V.
https://rdinvesting.com/news/?ticker=NXPI

Broadcom’s stock moved 0.44% higher Thursday, to close the day at $264.68. The stock recorded a trading volume of 3,919,660 shares, which was below its three months average volume of 3,931,834 shares. In the last year, Broadcom’s shares have traded in a range of 221.98 – 285.68. The share price has gained 19.24% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $240.87 is below its 200-day moving average of $250.88. Shares of the company are trading at a Price to Earnings ratio of 14.42. Shares of Broadcom have gained roughly 12.17 percent in the past month and are up 3.03 percent year-to-date.

Access RDI’s Broadcom Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AVGO

On Thursday, shares of NXP Semiconductors recorded a trading volume of 22,807,531 shares, which was above the three months average volume of 6,710,792 shares. The stock ended the day 4.85% higher at $120.07. The share price has fallen 4.65% from its 52-week high with a 52-week trading range of 90.83 – 125.93. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $107.36 is below its 200-day moving average of $115.64. Shares of the company are trading at a Price to Earnings ratio of 18.73. Shares of NXP Semiconductors have gained roughly 21.95 percent in the past month and are up 2.55 percent year-to-date.

Access RDI’s NXP Semiconductors N.V. Research Report at:
https://rdinvesting.com/news/?ticker=NXPI

Our Actionable Research on Broadcom Inc. (NASDAQ:AVGO) and NXP Semiconductors N.V. (NASDAQ:NXPI) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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