Broadcom (NASDAQ:BRCM) — This provider of semiconductor solutions for wired and wireless communications makes components for a number of high-profile consumer devices, including “systems-on-a-chip.”
Analysts expect earnings for 2013 to be $2.96 per share. Credit Suisse estimates earnings of $3.10 for 2014, and has a price target of $45.
In April, Broadcom broke higher from an extended symmetrical triangle — a very bullish sign, especially when accompanied by high volume and a MACD buy signal. The trading target from BRCM is $43, but long-term investors could achieve a much higher return.