Citigroup Cuts Price Target on Broadcom to $210 From $220

Broadcom Inc. specializes in designing, developing, and selling analog components and sub-systems, with mixed and optoelectronic signals. The group’s products include power amplifiers, radio-frequency filters, encoders, optocouplers, fiber-optic transmitters and receivers, etc.

Net sales break down by market between semiconductors (58.4%) and infrastructures (41.6%).

Net sales are distributed geographically as follows: Americas (29%), Asia/Pacific (55.1%), and Europe/Middle…