A number of other research firms have also recently commented on AVGO. Mizuho restated a buy rating and issued a $290.00 price target on shares of Broadcom in a report on Monday, November 6th. Drexel Hamilton restated a buy rating and issued a $302.00 price target on shares of Broadcom in a report on Monday, November 6th. Royal Bank Of Canada restated a buy rating on shares of Broadcom in a report on Friday, November 3rd. Jefferies Group raised their price target on shares of Broadcom from $70.00 to $315.00 and gave the stock a buy rating in a report on Monday, November 6th. Finally, SunTrust Banks raised their price target on shares of Broadcom to $325.00 and gave the stock a positive rating in a report on Tuesday, November 7th. Five investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company. Broadcom has a consensus rating of Buy and a consensus price target of $288.85.
Shares of Broadcom (NASDAQ AVGO) traded down $6.38 during midday trading on Tuesday, reaching $271.56. 4,673,940 shares of the company were exchanged, compared to its average volume of 3,301,518. Broadcom has a fifty-two week low of $160.62 and a fifty-two week high of $285.68. The company has a market capitalization of $110,790.77, a P/E ratio of 20.53, a PEG ratio of 1.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84.
In other Broadcom news, SVP Charlie B. Kawwas sold 1,788 shares of Broadcom stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $247.28, for a total value of $442,136.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Bryan Ingram sold 10,000 shares of Broadcom stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $240.62, for a total transaction of $2,406,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,383 shares of company stock worth $25,949,184. Insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of AVGO. Verde Servicos Internacionais S.A. raised its position in shares of Broadcom by 0.6% in the second quarter. Verde Servicos Internacionais S.A. now owns 16,239 shares of the semiconductor manufacturer’s stock valued at $3,784,000 after purchasing an additional 95 shares during the period. American National Bank raised its position in shares of Broadcom by 17.1% in the second quarter. American National Bank now owns 14,723 shares of the semiconductor manufacturer’s stock valued at $3,431,000 after purchasing an additional 2,155 shares during the period. Xact Kapitalforvaltning AB raised its position in shares of Broadcom by 6.5% in the second quarter. Xact Kapitalforvaltning AB now owns 77,779 shares of the semiconductor manufacturer’s stock valued at $18,126,000 after purchasing an additional 4,745 shares during the period. Capital Asset Advisory Services LLC bought a new stake in shares of Broadcom in the second quarter valued at approximately $501,000. Finally, Capital One National Association raised its position in shares of Broadcom by 5.5% in the second quarter. Capital One National Association now owns 4,141 shares of the semiconductor manufacturer’s stock valued at $965,000 after purchasing an additional 217 shares during the period. 88.98% of the stock is currently owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “Broadcom (NASDAQ:AVGO) Given “Buy” Rating at Nomura” was first posted by BBNS and is the sole property of of BBNS. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://baseballnewssource.com/markets/broadcom-limited-avgo-earns-buy-rating-from-nomura/1783179.html.
Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
Receive News & Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related companies with our FREE daily email newsletter.