Published: Fri, June 02, 2017
Money | By Armando Alvarado

Analysts Alert: Broadcom Ltd (NASDAQ:AVGO)

Analysts Alert: Broadcom Ltd (NASDAQ:AVGO)

M Partners maintained the shares of AVGO in report on Friday, December 9 with "Buy" rating.

Earnings Per Share (EPS), the portion of a company's profit distributed to each outstanding common share, is a useful indicator of a company's profitability.

A number of other equities research analysts also recently commented on the company. The stock of Broadcom Ltd (NASDAQ:AVGO) earned "Outperform" rating by Bernstein on Wednesday, October 5. Loop Capital reissued a "buy" rating and issued a $270.00 target price (up previously from $251.00) on shares of Broadcom in a research note on Thursday. Canaccord Genuity maintained the shares of AVGO in report on Friday, September 2 with "Buy" rating. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Broadcom in a report on Thursday, March 2nd. Finally, Royal Bank of Canada reiterated a "top pick" rating and set a $230.00 price target (up from $225.00) on shares of Broadcom in a research report on Tuesday, February 21st. Avago Technologies Limited had 93 analyst reports since August 4, 2015 according to SRatingsIntel. The brokerage now has an "outperform" rating on the semiconductor manufacturer's stock. Gemmer Asset Mngmt Limited Liability Corporation stated it has 0.01% in Broadcom Ltd (NASDAQ:AVGO). The stock's 50 day moving average is $228.36 and its 200 day moving average is $204.53. Broadcom has a 12-month low of $142.27 and a 12-month high of $242.89. The company has market cap of $98.82 billion. Broadcom also was the target of some unusual options trading on Tuesday. Traders purchased 838 call options on the company. This is an increase of 102% compared to the typical volume of 414 call options. The stock of Broadcom Ltd (NASDAQ:AVGO) has "Outperform" rating given on Tuesday, August 25 by Credit Agricole. The semiconductor manufacturer reported $3.69 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $3.50 by $0.19.

Ratings analysis reveals 91% of Broadcom's analysts are positive. The company has market cap of $4.97 million.

The stock has been on a run lately, trading up over 40% year-to-date and 60% in the past year as it takes advantage of the positive business environment for the chip sector.

What time, channel is Cavaliers vs. Warriors Game 1? NBA Playoffs
With each team having won a previous series, the addition of one player could be what tips the scale away from the Cavs. The scene shifts to Cleveland for Games 3 and 4 on June 7 and June 9.

After Thursday's closing bell, Broadcom reported earnings of $3.69 per share, topping estimates for $3.50 per share.

Recently, In a research report published on 30 May, Broadcom Ltd (NASDAQ:AVGO) shares have had their Buy Rating reaffirmed by research professionals at Oppenheimer, who now has a $240.0000 price target on company. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States and global copyright laws.

Broadcom Limited (NASDAQ:AVGO) yearly performance is 51.57%. Prudential PLC now owns 2,235,913 shares of the semiconductor manufacturer's stock worth $395,242,000 after buying an additional 42,567 shares in the last quarter.

On 3/20/2017 Kirsten M. Spears, Insider, sold 3,577 with an average share price of $221.78 per share and the total transaction amounting to $793,307.06. Also, CEO Hock E. Tan sold 65,000 shares of the business's stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $216.79, for a total transaction of $14,091,350.00. The disclosure for this sale can be found here. Company insiders own 6.20% of the company's stock. The institutional investor acquired 4,271 shares of the semiconductor manufacturer's stock, valued at approximately $935,000. FNY Managed Accounts LLC bought a new position in shares of Broadcom during the first quarter worth $100,000. BlackRock Inc. now owns 23,131,935 shares of the semiconductor manufacturer's stock worth $5,064,971,000 after buying an additional 22,307,935 shares during the last quarter. AllSquare Wealth Management LLC increased its position in Broadcom by 38.0% in the first quarter. Archford Capital Strategies LLC now owns 538 shares of the semiconductor manufacturer's stock worth $118,000 after buying an additional 168 shares in the last quarter.

SK Telecom Co., Ltd. (SKM) stock moved with shift of 0.24% in the past week.

Like this: