Broadcom (AVGO) Getting Somewhat Positive Media Coverage, Analysis Shows

Analysts await Broadcom Limited (NASDAQ:AVGO) to report earnings on March, 7. Zacks Investment Management now owns 1,187 shares of the semiconductor manufacturer's stock worth $277,000 after acquiring an additional 143 shares in the last quarter. Ltd.'s holdings, making the stock its 25th biggest holding. Seaward Management Limited Partnership owned about 0.07% of Broadcom worth $72,440,000 as of its most recent filing with the Securities and Exchange Commission. The company's quarterly revenue was up 17.1% on a year-over-year basis. sell-side analysts forecast that Broadcom Ltd will post 16.99 earnings per share for the current year. QS Investors LLC raised its stake in shares of Broadcom by 64.5% during the second quarter. This recommendation lands on a scale between 1 and 5. Balasa Dinverno And Foltz Ltd Co invested in 0.06% or 1,615 shares. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer's stock worth $823,980,000 after acquiring an additional 1,512,956 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Broadcom by 80.3% in the 3rd quarter.

Scott & Selber Inc. holds 2.28% of its portfolio in Broadcom Limited for 16,250 shares. Confine focus to firm performance, its weekly performance was -8.34% and monthly performance was -7.46%. The institutional investor owned 800 shares of the semiconductor manufacturer's stock after selling 400 shares during the quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Broadcom by 73.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc owns 2,648 shares or 0.47% of their USA portfolio. Wagner Bowman, Maryland-based fund reported 1,248 shares.

Basically, a price target is an individual analyst's projection on the future price of a stock. Royal Bank of Canada increased their target price on Broadcom from $300.00 to $315.00 and gave the company a "top pick" rating in a report on Monday, November 20th. It indicates oversold and overbought price levels for a stock. Morgan Stanley restated an overweight rating and set a $265.00 target price (up from $245.00) on shares of Broadcom Limited in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Beta for Pretium Resources Inc. stands at 0 while its ATR (average true range) is 0.61.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 1st. The company's market cap is $295.08 Billion, and the average volume is $3.71 Million. According to these analysts, the Low Revenue Estimate for Broadcom Limited is 5.24 Billion and the High Revenue Estimate is 5.36 Billion. The company has market cap of $107.38 billion.

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US Treasury yields rise forward of Fed choice
Dow Jones ended the day at 26076.8 down 1.37%, S&P 500 closed at 2822.4 down 1.09% and Nasdaq ended at 7402.4 down 0.86%. On Fed Chair Janet Yellen's last policy meeting as head of the central bank, the Fed left interest rates unchanged.

When we see the company's Volatility, it now has a monthly volatility of 2.20% and weekly volatility of 3.08%. The low EPS estimate is $4.86, while the high EPS estimate is $5.04.

Broadcom Limited (NASDAQ:AVGO) gross margin percentage stands at 48.4% while its operating margin for the past trailing twelve month is 12.6 percent and its overall profit margin (ttm) is 9.6 Percent. Equities research analysts anticipate that Broadcom Limited will post $15.78 EPS for the current fiscal year. Year to Date performance value (YTD perf) value is -4.45%. Also, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction dated Tuesday, January 16th. It is positive, as 57 investors sold MNK shares while 92 reduced holdings. The Stock shows P/E value of 61.35 and Forward P/E of 11.79. The disclosure for this sale can be found here. Similarly, the company has Return on Assets of 3.3 percent, Return on Equity of 8.6 percent and Return on Investment of 5.8 Percent.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Lincolnian Online and is the property of of The Lincolnian Online.


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