Broadcom's (AVGO) Buy Rating Reiterated at Raymond James Financial

The business's revenue for the quarter was up 17.1% compared to the same quarter last year. equities research analysts predict that Broadcom will post 13.93 EPS for the current year.

The stock increased 0.86% or $2.24 during the last trading session, reaching $263.89. Analysts on average have given a price target of $293.93 to Broadcom Limited stock. Broadcom Limited (NASDAQ:AVGO) has risen 64.00% since December 7, 2016 and is uptrending.

Sirius XM Holdings Inc. provides satellite radio services in the United States.

The company, whose WiFi chips are found in Apple Inc's (AAPL.O) iPhone and most Android phones, forecast current-quarter revenue of $5.30 billion (£4 billion), plus or minus $75 million. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer's stock worth $6,423,271,000 after purchasing an additional 793,335 shares during the period. Orleans Capital La invested in 2.26% or 26,091 shares. The Illinois-based Bruce & Co. Broadcom is aiming for a gross margin, the per centage of sales remaining after deducting costs of production, of 65 per cent, 5 percentage points higher that it had expected. Its up 4.38% from 109,700 shares previously. AVGO was included in 11 notes of analysts from August 29, 2016. Also, SVP Bryan Ingram sold 30,000 shares of the stock in a transaction on Thursday, September 14th. The company was maintained on Friday, August 14 by Barclays Capital. Jefferies maintained the shares of UTX in report on Tuesday, October 3 with "Buy" rating. They set an "outperform" rating and a $330.00 price target for the company. (NASDAQ:AMZN) on Monday, January 18 with "Positive" rating. The company was maintained on Friday, June 3 by RBC Capital Markets. The rating was initiated by UBS on Wednesday, December 16 with "Buy".

Among 39 analysts covering Visa Inc. (NASDAQ:SIRI) to report earnings on February, 1. SIRI's profit will be $183.84M for 35.00 P/E if the $0.04 EPS becomes a reality. The stock decreased 2.17% or $1.38 during the last trading session, reaching $62.07. Sirius XM Holdings Inc. It has outperformed by 8.88% the S&P500. Year to Date (YTD) performance of Broadcom Limited (AVGO) is 48.02 percent while its Performance (Week) is -5.68 percent and Performance (month) is at -4.38 percent. Avago Technologies Limited has $335.0 highest and $95.0 lowest target. They now have a $330.00 price target on the semiconductor manufacturer's stock, up from their prior price target of $315.00. Avago Technologies Limited had 156 analyst reports since August 4, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with "Overweight" rating in Friday, August 25 report. As per Tuesday, October 25, the company rating was maintained by UBS. Cowen & Co maintained the shares of AVGO in report on Friday, July 7 with "Buy" rating. As per Friday, June 16, the company rating was maintained by Oppenheimer.

COPYRIGHT VIOLATION WARNING: "Broadcom's (AVGO) Buy Rating Reiterated at Raymond James Financial" was reported by StockNewsTimes and is the sole property of of StockNewsTimes. The stock has "Buy" rating by Keefe Bruyette & Woods on Thursday, June 8. 611.76 million shares or 0.92% less from 617.43 million shares in 2017Q1 were reported. On Thursday, August 10 the stock rating was maintained by Cowen & Co with "Buy".

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Investors sentiment is 1 in Q2 2017. Its the same as in 2017Q1.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVGO.

Everett Harris & Company increased Amazon.Com (AMZN) stake by 9.73% reported in 2017Q2 SEC filing. Gemmer Asset Mgmt Ltd Company owns 94 shares for 0.01% of their portfolio. Broadcom accounts for 1.1% of Amundi Pioneer Asset Management Inc.'s portfolio, making the stock its 23rd largest position.

Broadcom Limited (NASDAQ:AVGO) opened at $263.89 on Thursday. Mitchell Mcleod Pugh And Williams invested 0.48% in Broadcom Limited (NASDAQ:AVGO). Jennison Associates LLC now owns 4,201,357 shares of the semiconductor manufacturer's stock valued at $919,929,000 after buying an additional 3,782,991 shares during the last quarter.

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 has market cap of $113.52 billion.

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