AVGO has been the subject of several other research reports. B. Riley raised their price target on shares of Broadcom Limited from $305.00 to $315.00 and gave the company a buy rating in a research report on Thursday, November 2nd. Loop Capital reissued a buy rating and set a $302.00 price target on shares of Broadcom Limited in a research report on Friday, August 25th. SunTrust Banks, Inc. reissued a buy rating and set a $281.00 price target on shares of Broadcom Limited in a research report on Thursday, October 12th. Morgan Stanley reissued a buy rating and set a $290.00 price target on shares of Broadcom Limited in a research report on Friday, August 25th. Finally, Bank of America Corporation reissued a buy rating and set a $300.00 price target on shares of Broadcom Limited in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $284.31.
Shares of Broadcom Limited (NASDAQ:AVGO) opened at $271.86 on Tuesday. The firm has a market cap of $111,020.00, a P/E ratio of 19.90, a P/E/G ratio of 1.30 and a beta of 1.05. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom Limited has a 1 year low of $160.62 and a 1 year high of $281.80.
Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.89 earnings per share. research analysts forecast that Broadcom Limited will post 13.91 EPS for the current fiscal year.
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In other news, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.01, for a total value of $7,320,300.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $260.03, for a total transaction of $5,200,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,383 shares of company stock worth $25,949,184. Insiders own 3.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc bought a new stake in shares of Broadcom Limited in the 2nd quarter worth about $113,000. AllSquare Wealth Management LLC bought a new position in Broadcom Limited during the 3rd quarter valued at about $113,000. Shine Investment Advisory Services Inc. bought a new position in Broadcom Limited during the 2nd quarter valued at about $116,000. D. Scott Neal Inc. bought a new position in Broadcom Limited during the 2nd quarter valued at about $127,000. Finally, Tower Research Capital LLC TRC grew its holdings in Broadcom Limited by 473.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after purchasing an additional 473 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.
Broadcom Limited Company Profile
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.
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