Market Overview

Barclays Analyst Sees iPhone Content Gains For Avago Technologies


Avago Technologies Ltd (NASDAQ: AVGO) will be among companies benefiting from upcoming versions of the iPhone, an analyst said Tuesday.

Barclay's Blayne Curtis reinstated coverage of Avago with an Overweight rating and called it a "top idea" among radio frequency semiconductor companies.

Industry trends favor Avago products; its shares are relatively cheap and the company is pursuing a "proven" acquisition strategy, according to Curtis.

Singapore-based Avago last year said aggregate sales to Apple Inc. (NASDAQ: AAPL) accounted for more than 10 percent of its revenue.

Curtis estimated that Avagos' content contribution to Apple's iPhone 6S, expected in 2016, will be flat to down.

Vendor decisions for the 6S were made earlier this year, according to Curtis, with content gainers likely including Qorvo Inc (NASDAQ: QRVO) and Skyworks Solutions Inc (NASDAQ: SWKS).

But the analyst sees a gain of 20 percent to 30 percent in Avago's content contribution to the iPhone 7, expected in 2017.

Vendor decisions on the iPhone 7 will be made in the first quarter of next year, and along with Ago, Curtis expects Qorvo will see significant content gains.

Latest Ratings for AVGO

Sep 2020Piper SandlerMaintainsOverweight
Sep 2020Wells FargoMaintainsEqual-Weight
Sep 2020Deutsche BankMaintainsBuy

View More Analyst Ratings for AVGO
View the Latest Analyst Ratings


Related Articles (AVGO)

View Comments and Join the Discussion!

Posted-In: Barclay Blayne Curtis iPhoneAnalyst Color Reiteration Analyst Ratings Tech

Latest Ratings

HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at