Broadcom (AVGO) PT Raised to $300.00

Alfred Osborne
December 7, 2017

IFP Advisors Inc now owns 1,912 shares of the semiconductor manufacturer's stock valued at $419,000 after buying an additional 266 shares during the period. Eplus Inc now has $1.08B valuation.

Shares rose 1.3% to $267.62 after hours, adding to the 0.9% gain logged during Wednesday trading. Broadcom Limited has its outstanding Shares of 398.53 Million.

While looking at the Stock's Performance, Broadcom Limited now shows a Weekly Performance of -5.68%, where Monthly Performance is -4.38%, Quarterly performance is 4.92%, 6 Months performance is 2.9% and yearly performance percentage is 57.5%. Zacks Investment Research cut shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Tuesday, May 2nd. Broadcom has a 12 month low of $163.45 and a 12 month high of $285.68. AVGO was included in 11 notes of analysts from August 29, 2016. Bernstein maintained Broadcom Limited (NASDAQ:AVGO) on Monday, November 13 with "Buy" rating. The firm has "Buy" rating given on Friday, December 9 by M Partners. FBR Capital initiated it with "Outperform" rating and $185 target in Thursday, December 10 report. The firm has "Positive" rating given on Tuesday, December 1 by Susquehanna. As per Friday, August 7, the company rating was downgraded by Drexel Hamilton. Raymond James Financial reiterated a "buy" rating and issued a $335.00 price objective on shares of Broadcom in a report on Monday. The stock increased 8.80% or $0.0005 during the last trading session, reaching $0.0068.

Overall for the fourth quarter, Broadcom swung to a profit of $636 million, or $1.50 a share, compared with a loss of $632 million, or $1.59 per share, a year earlier. Broadcom Limited (AVGO) has risen 64.00% since December 6, 2016 and is uptrending. It has outperformed by 47.30% the S&P500.

Broadcom Ltd (AVGO.O) reported better-than-expected quarterly revenue and profit, helped by robust demand for its wireless chips from customers, including Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS).

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Analysts on average had expected earnings of $4.52 per share on revenue of $4.83 billion.

Many analysts are providing their Estimated Earnings analysis for Broadcom Limited and for the current quarter 26 analysts have projected that the stock could give an Average Earnings estimate of $4.52/share. Balasa Dinverno Foltz Ltd invested 0.06% of its portfolio in Broadcom Limited (NASDAQ:AVGO). Mitchell Mcleod Pugh & Williams Inc, Alabama-based fund reported 2,688 shares. Moreover, First Comml Bank Of Omaha has 0.24% invested in Broadcom Limited (NASDAQ:AVGO). Cibc Mkts Corporation owns 102,545 shares or 0.25% of their United States portfolio.

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold.

Analysts on average were expecting revenue of $4.83 billion, according to Thomson Reuters I/B/E/S. The stock of Broadcom Limited (NASDAQ:AVGO) earned "Buy" rating by Mizuho on Friday, June 3. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share.

In other news, SVP Bryan Ingram sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, September 14th.

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