Broadcom Today AVGO Broadcom $289.60 -1.57 (-0.54%) 52-Week Range $134.90 ▼ $317.35 Dividend Yield 0.81% P/E Ratio 108.46 Price Target $295.96 Add to Watchlist Semiconductor giant Broadcom NASDAQ: AVGO has recently seen a bevy of interesting news surrounding the company. That includes a price target increase from one of the biggest names on Wall Street. Another key Magnificent Seven stock noted Broadcom as a partner in a huge announcement. Below, we'll break down these two important pieces of news and other ...

SANTA ANA, Calif., Aug. 08, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”s), today announced that it has been officially appraised at Final Cybersecurity Maturity Model Certification (“CMMC”) Level 2, demonstrating the company’s strong commitment to safeguarding C ...

Core Insights - TTM Technologies, Inc. reported strong financial results for the second quarter of 2025, with significant year-on-year growth in net sales and net income [2][3][4]. Financial Performance - Net sales for Q2 2025 were $730.6 million, a 21% increase from $605.1 million in Q2 2024 [2][8]. - GAAP operating income rose to $61.8 million in Q2 2025 from $39.0 million in Q2 2024 [2]. - GAAP net income for Q2 2025 was $41.5 million, or $0.40 per diluted share, compared to $26.4 million, or $0.25 per diluted share, in Q2 2024 [3][8]. - Non-GAAP net income for Q2 2025 was $60.8 million, or $0.58 per diluted share, up from $40.2 million, or $0.39 per diluted share, in Q2 2024 [4][22]. - Adjusted EBITDA for Q2 2025 was $109.7 million, representing 15.0% of sales, compared to $84.6 million, or 14.0% of sales, in Q2 2024 [4][22]. Market Demand and Growth Drivers - The revenue growth was attributed to strong demand in Aerospace and Defense, Medical, Industrial and Instrumentation, Data Center Computing, and Networking markets, with particular growth in Data Center Computing driven by generative AI requirements [5]. - Non-GAAP operating margins improved to 11.1%, an increase of 210 basis points year-on-year, marking the fourth consecutive quarter of double-digit margins [5]. Business Outlook - For Q3 2025, TTM estimates revenues to be between $690 million and $730 million, with non-GAAP net income projected to be between $0.57 and $0.63 per diluted share [6]. Operational Developments - The company announced the acquisition of a facility in Wisconsin and land rights in Penang to support regional diversification of PCB supply chains and future growth [5]. Segment Performance - Segment sales for Aerospace and Defense reached $327.6 million, up from $274.5 million in Q2 2024, while Commercial segment sales increased to $395.6 million from $323.3 million [21]. - The Aerospace and Defense segment accounted for 45% of total sales, while Data Center Computing also represented 21% [20]. Cash Flow and Financial Health - Cash flow from operations was reported at $97.8 million, or 13.4% of revenues, indicating strong operational efficiency [5][8]. - Total assets as of June 30, 2025, were $3.58 billion, with total stockholders' equity at $1.64 billion [19].

Core Insights - TTM Technologies, Inc. has announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia, to enhance its manufacturing capabilities [1][3][4] Group 1: Acquisition Details - The Eau Claire facility was previously owned by TDK and is well-equipped for advanced technology PCB manufacturing, allowing TTM to reduce lead times for U.S. domestic capacity [3][4] - The new facility in Penang will support supply chain diversification beyond China, providing cost-competitive, high-quality PCB manufacturing in Southeast Asia [4] Group 2: Strategic Implications - These investments align with TTM's strategy to offer regionally optimized, globally connected manufacturing solutions, enhancing supply chain security and flexibility for global customers [2][4] - The Eau Claire facility is expected to support high-volume production for key markets, particularly in data center computing and networking for generative AI applications [3][4] Group 3: Economic Impact - The expansion in Wisconsin is seen as beneficial for the local economy, with the state recognized for its precision manufacturing capabilities [4] - TTM does not anticipate significant impacts on its operational results or financial condition for 2025 from these investments [5]

Core Viewpoint - Skyworks Solutions Inc. is experiencing a decline in stock value, down 16% in 2025, primarily due to its heavy reliance on Apple Inc. for revenue and a slowdown in smartphone upgrades [1][2]. Financial Performance - Analysts project a 22% decrease in earnings per share (EPS) over the next 12 months, with a forward P/E ratio of approximately 20x, indicating the stock may be overvalued with a PEG ratio of 1.8x [3]. - Despite the current downturn, there has been an 8% rally in the stock over the last three months, suggesting potential investor optimism [3]. Market Opportunities - The shift of AI capabilities to edge devices presents a significant growth opportunity for Skyworks, as its products are essential for connectivity in various devices, including smartphones and IoT products [4][6]. - A potential decrease in interest rates by the Federal Reserve could stimulate a refresh cycle for smartphones, benefiting Skyworks due to its contracts with major smartphone manufacturers [7]. Growth Projections - Analysts foresee EPS growth increasing from $9.75 to $11.25, a rise of about 15%, with some predicting a 22% growth over the next three to five years [8]. - If these projections materialize, the stock could rebound to around $110, resulting in a forward P/E of roughly 11x and a PEG ratio of about 0.5, indicating undervaluation relative to growth [9]. Dividend and Capital Return - Skyworks offers a dividend yield of 3.75%, with an annual dividend of $2.80 and a history of increasing dividends for 11 consecutive years [10][11]. - The company has returned over $3 billion in capital to shareholders through dividends and share repurchases over the last five years, reflecting strong free cash flow margins of around 25% [10][11].

Core Viewpoint - TTM Technologies, Inc. has authorized a new share repurchase program with a total market value of up to $100 million, effective through May 7, 2027, following the expiration of its previous program on May 3, 2025 [1][2]. Group 1: Share Repurchase Program - The new share repurchase program allows the company to buy back its outstanding common stock, providing flexibility to enhance shareholder value [1][2]. - The program will be executed based on management's discretion, considering factors such as liquidity, cash flows, and market conditions [2]. - The repurchase may occur through various methods, including open market purchases and privately negotiated transactions, and does not obligate the company to acquire a specific amount of stock [2]. Group 2: Financial Position - The company has a solid cash flow generation and a strong balance sheet, making share repurchases a prudent use of capital [2]. - Strategic acquisitions remain a primary goal for the use of free cash flow, but the new authorization adds flexibility for shareholder value enhancement [2]. Group 3: Company Overview - TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including RF components and advanced printed circuit boards [3]. - The company focuses on reducing the time required for customers to develop new products and bring them to market through its design, engineering, and manufacturing services [3].