It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide.
With an estimated value of 25.55 for 2017, Broadcom Limited has a P/E ratio of 216.84. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. M&R Capital Management Inc.'s holdings in Broadcom were worth $7,612,000 at the end of the most recent reporting period. Year to Date (YTD) performance of Broadcom Limited (AVGO) is 48.02 percent while its Performance (Week) is -5.68 percent and Performance (month) is at -4.38 percent.
In other news, VP Patricia H. Mccall sold 1,696 shares of the company's stock in a transaction dated Wednesday, March 8th. The Stock now has a Weekly Volatility of 2.98% and Monthly Volatility of 2.62%. About 21.15M shares traded or 26.87% up from the average. It has outperformed by 3.59% the S&P500.
COPYRIGHT VIOLATION WARNING: "Broadcom (AVGO) Now Covered by Analysts at Credit Suisse Group" was first published by Week Herald and is owned by of Week Herald.
On back of even higher confidence following robust execution for the quarter, the analyst reiterates a Buy rating on AVGO stock while lifting the price target from $313 to $317, which represents a 15% increase from current levels. Consider that all 24 analysts polled rate a Buy on Broadcom stock. As per Thursday, October 6, the company rating was initiated by Wells Fargo. Also, insider Hock E. Tan sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 15th. As per Friday, December 9, the company rating was maintained by Mizuho. The firm has "Top Pick" rating by RBC Capital Markets given on Monday, August 29.
Cowen upped the price target of Broadcom (NASDAQ:AVGO) to $320.00 indicating a possible upside of 0.21%. Broadcom has been working to convince investors that its offer of $70 a share provides the most value to shareholders.
Boasting a price of $263.91, Broadcom (NASDAQ:AVGO) traded 3.75% higher on the day. The stock increased 0.70% or $0.05 during the last trading session, reaching $7.2. The stock exchanged hands with 4,678,433 numbers of shares compared to its average daily volume of 2.99M shares. Therefore, ROE for Broadcom Limited, AVGO is 2.70%. It has outperformed by 47.30% the S&P500.
Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, December 6th. They expect $3.92 earnings per share, up 30.67% or $0.92 from last year's $3 per share. AVGO's profit would be $1.69B giving it 16.83 P/E if the $3.92 EPS is correct. The semiconductor manufacturer reported $3.63 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.61.
Broadcom also said Wednesday it would raise its quarterly dividend to $1.75 a share from $1.02 a share. Mitchell Mcleod Pugh And Williams Incorporated owns 2,688 shares or 0.48% of their U.S. portfolio.
Shares rose 1.3% to $267.62 after hours, adding to the 0.9% gain logged during Wednesday trading. The Nebraska-based First National Bank Of Omaha has invested 0.24% in the stock. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Jefferies maintained Broadcom Limited (NASDAQ:AVGO) rating on Thursday, August 27. On Friday, June 3 the stock rating was maintained by Drexel Hamilton with "Buy". The firm has "Buy" rating by Bernstein given on Monday, November 13. Sidoti downgraded ePlus inc. (NASDAQ:SIRI) earned "Market Perform" rating by Telsey Advisory on Friday, February 3. Stifel Nicolaus maintained ePlus inc. The rating was downgraded by Stifel Nicolaus to "Hold" on Friday, October 30. The company said on Monday it planned to field a slate of 11 nominees to Qualcomm's board, its first formal move towards a hostile bid for the USA chipmaker.
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