Tech Stocks to Watch (BRCM, BIDU, MIPS)

Broadcom Corporation (NASDAQ:BRCM) soared 11.66% to $41.56 after it made its fresh 52-week high of $41.61. For the quarter ended Sept. 30, Broadcom reported net income of $327 million, or 60 cents a share, compared with net income of $85 million, or 16 cents a share, for the same period last year. Adjusted income was 74 cents a share.

Analysts were expecting earnings of 71 cents a share on revenue of $1.75 billion, according to consensus forecasts from FactSet Research.

The 52-week range of the stock is $25.76-$41.61.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) added 0.22% to $112.87 after it made its fresh one-year high of $113.46. Last week, Baidu’s said that its third-quarter profit more than doubled to 1.05 billion yuan ($156.4 million), or 45 cents per American depositary share, from a year ago.

Revenue increased 76% to 2.26 billion yuan, or $337.2 million from a year ago. Analysts surveyed by FactSet Research estimated 43 cents an ADS on revenue of $318.9 million.

For the fourth quarter, Baidu forecast $354.2 million to $364.7 million in revenue, compared with Wall Street’s current projection for sales of $339.6 million.

MIPS Technologies, Inc. (NASDAQ:MIPS) went up 1.56% to $14.34 after it made its fresh 52-week high of $14.65. July-September profit for the company was $7.6 million, or 16 cents a share, compared with $600,000, or 1 cent a share, last year.

Analysts were looking for earnings of 10 cents a share on sales of $19.7 million, according to Thomson Reuters.