The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. For the next year, analysts expect that the business will report sales of $17.94 billion per share, with estimates ranging from $17.5 billion to $19.33 billion. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer's stock worth $288,099,000 after buying an additional 26,246 shares during the last quarter.
In related news, SVP Bryan Ingram sold 30,000 shares of the company's stock in a transaction on Thursday, September 14th.
While looking at the Stock's Performance, Nielsen Holdings plc now shows a Weekly Performance of 1.01%, where Monthly Performance is 2.69%, Quarterly performance is -2.95%, 6 Months performance is -0.08% and yearly performance percentage is -10.8%. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer's stock worth $5,577,099,000 after buying an additional 798,982 shares in the last quarter.
Broadcom Ltd on 6 December reported a better-than-expected quarterly profit and boosted its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm Inc hostile. Zacks' sales averages are a mean average based on a survey of research analysts that follow Broadcom. Eight equity analysts rating the company a strong buy, twenty-one equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $193.31. Avago Technologies Limited has $335.0 highest and $95.0 lowest target. AVGO was included in 11 notes of analysts from August 29, 2016. The rating was maintained by RBC Capital Markets on Tuesday, October 25 with "Outperform".
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TRADEMARK VIOLATION NOTICE: "Broadcom (AVGO) Earns Buy Rating from B. Riley" was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. Pivotal Research maintained it with "Buy" rating and $5.65 target in Friday, September 30 report. On Tuesday, October 25 the stock rating was downgraded by Guggenheim to "Neutral". On Friday, July 7 the stock rating was maintained by RBC Capital Markets with "Hold". The firm has "Buy" rating given on Thursday, August 24 by Robert W. Baird. Jefferies maintained Broadcom Limited (NASDAQ:AVGO) rating on Friday, June 3. Morgan Stanley reaffirmed an "overweight" rating and set a $245.00 target price on shares of Broadcom in a research report on Monday, April 10th.
Broadcom (NASDAQ:AVGO) is up 4.4% in after-hours trade following fiscal Q4 earnings where it beat the Street thanks to healthy demand for wireless chips spurred by smartphones. The company's stock had a trading volume of 1,812,837 shares. About 4.88 million shares traded or 60.36% up from the average. Broadcom Limited (AVGO) is intriguing when broken down to its core data. It has outperformed by 6.29% the S&P500. Wagner Bowman Mngmt Corp has 1,248 shares for 0.08% of their portfolio. AVGO's profit will be $1.69 billion for 16.83 P/E if the $3.92 EPS becomes a reality. It is without change, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes. First Bancorporation Of Omaha holds 0.24% or 38,700 shares in its portfolio. Balasa Dinverno Foltz Lc holds 1,640 shares or 0.06% of its portfolio. IFP Advisors Inc now owns 2,169 shares of the semiconductor manufacturer's stock worth $506,000 after buying an additional 257 shares during the last quarter. The short interest to Broadcom Limited Ord's float is 0.81%.
Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 7 have Buy rating, 0 Sell and 14 Hold. Therefore 96% are positive. Finally, Susquehanna Bancshares raised their target price on Broadcom from $300.00 to $325.00 and gave the stock a "positive" rating in a report on Wednesday. The company was maintained on Friday, June 3 by Mizuho. The stock has "Buy" rating by Keefe Bruyette & Woods on Thursday, June 8. Stifel Nicolaus maintained ePlus inc. (NASDAQ:SIRI) earned "Hold" rating by Deutsche Bank on Monday, August 3.
IBD'S TAKE:Broadcom stock broke out of a 10-week flat base with a buy point of 259.46 on October 30. The firm has "Hold" rating by Stifel Nicolaus given on Thursday, November 2.