3 Chip Stocks to Note Now: ARM Royalty Rates Should See Growth, Broadcom Declares a Dividend, and Nvidia’s Tablet Rumors Heat Up
ARM Holdings (NASDAQ:ARMH): RBC Capital believes that premium smartphones will no longer be the main driver of smartphone unit growth, but the firm nonetheless believes that ARM Holdings’s smartphone royalties will grow at a 21 percent compound annual growth rate through 2017. The firm keeps an Outperform rating on the stock.
Broadcom (NASDAQ:BRCM): Broadcom Corp. declared an 11 cent per share quarterly dividend, in line with its previous dividends. It has a forward yield of 1.69 percent and is payable on September 16 for shareholders of record on August 30. It has an ex-dividend date of August 28.
Nvidia (NASDAQ:NVDA): Rumors and speculations of Nvidia’s Tegra 4-powered tablet continue to strengthen as the Tegra Tab — a name Nvidia has already trademarked — has made some appearances online. Geek notes that it appears to be a 7-inch device outfitted with a textured back similar to the Nexus 7, a 5-megapixel camera, HDMI and USB ports, and a SIM card slot. Nvidia is coming off the fresh release of its Shield handheld gaming unit, the company’s first foray in device manufacturing.