What Broadcom's Improved Outlook Means for Mutual Fund Investors (BRCM)

Broadcom (BRCM) announced at its Analyst Day on Tuesday that it has updated its fourth quarter outlook.

Inside the Guidance

Revenue Outlook

Revenue is now expected to be between $2.075 billion and $2.150 billion.

Product Gross Margin
The company reiterated its range for both GAAP and Non-GAAP margins.

Expenses – R&D and SG&A
The company now expects expenses to be closer to down $50 million on a GAAP basis and down $40 million on a non-GAAP basis.

Mutual Funds to Watch

For investors seeking exposure to BRCM, there are many mutual funds that can be considered. The funds below have the largest stakes in the company.

The Bottom Line

The funds above allow investors to gain exposure to BRCM while still remaining diversified. Investors interested in BRCM may also be interested in QUALCOMM (QCOM) and Texas Instruments (TXN).