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Best Apple StocksBroadcom (BRCM)

Apple-Stocks-Broadcom-BRCMWhat It Supplies APPL: Chips that provide Internet connectivity as well as a controller for the touch screen.

It’s been a rough year for Broadcom (BRCM), with BRCM stock off about 14%. The problem is that Broadcom has struggled to meet growth targets from Wall Street analysts. In fact, among the Apple stocks, BRCM has certainly been one of the worst.

Going into 2014, though, BRCM could post a comeback. According to a recent report, Broadcom updated its guidance for Q4:. Revenues are now expected to hit $2 billion to $2.05 billion, above the prior forecast of $1.92 billion to $2.03 billion. During the same period, BRCM also expects improved profitability, as expenses are expected to fall.

And all in all, Broadcom is seeing more traction in its infrastructure and networking products, has been successful in implementing new inefficiencies, and has been successful getting business from Samsung (SSNLF). In light of all this, BRCM may no longer be in the doghouse for Apple stocks.

There’s also some buzz that BRCM could be buyout bait for Intel (INTC), which is desperately looking to get a much bigger piece of the mobile market. While such things are far from guaranteed, a deal would likely come at a juicy premium and likely make BRCM one of the top-performing Apple stocks for 2014. Nomura analyst Romit Shah thinks the deal could be struck at 50% higher than the current Broadcom stock price.

Article printed from InvestorPlace Media,

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