Applications for Broadcom’s products in its end markets include data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, servers and storage, factory automation, power generation and alternative energy systems and displays.
The BofA analysts and many on Wall Street are positive on the company’s massive $10 billion share repurchase authorization through December of 2023, which represents about 4.2% of the company’s market cap.
Investors receive a 3.22% dividend. BofA Securities has a Buy rating on Broadcom stock, which is on the firm’s US 1 list of top picks. The firm’s $625 price target is lower than the $681.76 consensus target but well above the most recent close at $511.77.
Dell Technologies
This is a high-quality company paying a solid dividend, that like the rest it has been hit hard and is incredibly cheap. Dell Technologies Inc. (NYSE: DELL) designs, develops, manufactures, markets, sells and supports information technology (IT) hardware, software and services solutions worldwide. It operates through three segments.
Infrastructure Solutions Group provides traditional and next-generation storage solutions, and rack, blade, tower and hyperscale servers. It also offers networking products and services that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences and accelerate business applications and processes. It also offers attached software and peripherals, as well as support and deployment, configuration and extended warranty services.
Dell’s The Client Solutions Group offers desktops, notebooks and workstations; displays and projectors; attached and third-party software and peripherals; as well as support and deployment, configuration and extended warranty services.
The VMware segment supports customers in the areas of hybrid and multi-cloud, modern applications, networking, security and digital workspaces, helping customers to manage IT resources across private clouds and complex multi-cloud, multi-device environments.
Dell also provides information security and cloud software and infrastructure-as-a-service solutions that enable customers to migrate, run, and manage mission-critical applications in cloud-based IT environments.
Investors receive a 3.00% dividend. The $67 BofA Securities price target on the Buyated stock is a Wall Street high. The consensus target for Dell Technologies stock is $59.79. Wednesday’s close was at $44.17 a share.
IBM
This blue-chip giant still offers investors a very solid entry point and a huge dividend. International Business Machines Corp. (NYSE: IBM) provides integrated solutions and services worldwide through these four business segments.
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