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Broadcom Limited Ord (NASDAQ:AVGO) on Focus After Report of Less Shorts

Broadcom Limited Ord (NASDAQ:AVGO) on Focus After Report of Less Shorts

It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The stock has a market capitalization of $106,747.80, a P/E ratio of 19.78, a P/E/G ratio of 1.26 and a beta of 1.05.

Broadcom makes chips for wired and wireless communications, enterprise storage, and industrial markets. Scott Selber stated it has 16,550 shares or 2.33% of all its holdings. Vantage Invest Advisors Limited Liability Co holds 12 shares or 0% of its portfolio.

The stock decreased 2.44% or $0.14 during the last trading session, reaching $5.6. Over the last ninety days, insiders have sold 1,283,946 shares of company stock valued at $274,345,590. It has outperformed by 3.59% the S&P500. Out of 11 Wall Street analysts rating Broadcom, 10 give it "Buy", 0 "Sell" rating, while 1 recommend "Hold". Broadcom Limited has a 1 year low of $163.67 and a 1 year high of $285.68.

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. The rating was maintained by RBC Capital Markets on Sunday, October 8 with "Hold". The firm earned "Buy" rating on Wednesday, October 18 by Jefferies. Finally, Zacks Investment Research lowered Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, August 17th. On Tuesday, September 20 the stock rating was initiated by Susquehanna with "Positive". As per Monday, August 29, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating given on Thursday, August 24 by Robert W. Baird. During the same period in the previous year, the company posted $3.47 EPS. analysts predict that Broadcom will post 13.93 earnings per share for the current fiscal year. Royal Bank Of Canada reissued a "buy" rating and set a $270.00 price target on shares of Broadcom in a research report on Friday, August 11th.

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The stock increased 0.86% or $2.24 during the last trading session, reaching $263.89. About 4.88 million shares traded or 60.36% up from the average. United Technologies Corporation (NYSE:UTX) has risen 22.99% since December 7, 2016 and is uptrending. It has outperformed by 47.30% the S&P500.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 6th. The company reported the earnings of $0.73/Share in the last quarter where the estimated EPS by analysts was $0.69/share. It got $1.959B in cash from operations and $3.98B from issuing long-term debt, along with $440M from sale of real property. BlackRock Inc. boosted its position in shares of Broadcom by 3.5% during the second quarter.

Broadcom Limited AVGO began its day with a share price of $263.89. Balasa Dinverno Foltz Lc holds 1,640 shares or 0.06% of its portfolio. GSA Capital Partners LLP now owns 17,928 shares of the semiconductor manufacturer's stock worth $4,348,000 after acquiring an additional 961 shares during the period. First Bancshares Of Omaha has invested 0.24% in Broadcom Limited (NASDAQ:AVGO). Pioneer Investment Management Inc. grew its stake in Broadcom by 2.2% during the 2nd quarter. Therefore 96% are positive. Raymond James maintained it with "Strong Buy" rating and $300 target in Friday, June 16 report. The company was maintained on Friday, June 3 by SunTrust. JP Morgan initiated the shares of SIRI in report on Monday, December 14 with "Neutral" rating. Stifel Nicolaus maintained ePlus inc. The company presently has a consensus rating of "Buy" and an average price target of $228.54. The rating was downgraded by Stifel Nicolaus to "Hold" on Friday, October 30. The firm has "Hold" rating by Stifel Nicolaus given on Thursday, November 2. 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. As per Friday, July 14, the company rating was maintained by Cowen & Co.

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