Broadcom Ltd (AVGO) Q4 Profit Beats; Revenue In-Line; Forecast Tops Estimates

Share

The Ativo Capital Management Llc holds 17,405 shares with $1.29M value, up from 9,703 last quarter. It has outperformed by 6.29% the S&P500. AVGO's SI was 3.24M shares in December as released by FINRA. Its up 0.09, from 1.04 in 2017Q1. Deutsche Bank boosted their price objective on Broadcom from $275.00 to $295.00 and gave the company a "buy" rating in a report on Friday, August 25th. Gemmer Asset Mgmt Ltd Company owns 94 shares for 0.01% of their portfolio. Therefore 33% are positive. ePlus had 14 analyst reports since August 7, 2015 according to SRatingsIntel. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer's stock worth $134,000 after acquiring an additional 473 shares in the last quarter. On Friday, June 2 the stock rating was maintained by UBS with "Buy". During the same quarter in the previous year, the firm posted $3.47 earnings per share.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, December 6th. Sanford C. Bernstein restated an outperform rating and set a $285.00 target price (up previously from $265.00) on shares of Broadcom in a report on Saturday. Jefferies maintained the shares of UTX in report on Tuesday, October 3 with "Buy" rating. IFP Advisors Inc now owns 2,169 shares of the semiconductor manufacturer's stock worth $506,000 after acquiring an additional 257 shares in the last quarter. Investors acquired 26,203 put options on the stock. The firm has dividend yield of 2.09% that is also considered as effective indicator. Zacks Investment Research downgraded Broadcom from a "hold" rating to a "sell" rating in a report on Wednesday, October 25th. The company was maintained on Thursday, October 22 by Pivotal Research. The Nebraska-based First National Bank Of Omaha has invested 0.24% in the stock. Broadcom Limited (NASDAQ:AVGO) has risen 64.00% since December 7, 2016 and is uptrending. About 2.85 million shares traded.

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Oppenheimer has "Outperform" rating and $170 target. Nationwide Fund Advsrs reported 0.4% stake. Morgan Stanley now has a $280.00 target price on the semiconductor manufacturer's stock, up from their previous target price of $265.00.

76Th anniversary of Pearl Harbor attack
Both President Donald Trump and first lady Melania Trump made small errors on tweets commemorating the attack on Pearl Harbor . The impacts of the Pearl Harbor attack reverberated far beyond those of the bombs and bullets that riddled the USA fleet.

According to 10 stock analysts, BP p.l.c., is being kept at an average Outperform, rating, with at least 0.22% of shares outstanding that are now legally short sold. RBC Capital Markets maintained Broadcom Limited (NASDAQ:AVGO) rating on Monday, August 29. During the same period last year, the business earned $3.47 EPS. sell-side analysts predict that Broadcom Limited will post 13.93 earnings per share for the current year. Vetr cut shares of Broadcom from a "buy" rating to a "hold" rating and set a $261.95 price target for the company.in a research note on Monday, September 4th. RBC Capital Markets maintained the shares of AVGO in report on Thursday, August 10 with "Buy" rating. Mitchell Mcleod Pugh & Williams Inc owns 2,688 shares or 0.48% of their U.S. portfolio.

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 rating was maintained by Cowen & Co on Tuesday, July 25 with "Buy".

For the current period, Broadcom's fiscal first quarter, the company expects sales to rise 28% year over year to $5.3 billion.

Blackrock INC Increased Holding in Disney Walt Co (DIS)
Inverness Counsel Ltd Limited Liability Company has invested 1.99% of its portfolio in The Walt Disney Company (NYSE: DIS ). The stock of The Walt Disney Company (NYSE: DIS ) has "Underperform" rating given on Monday, May 15 by BMO Capital Markets.

Earnings-per-share (EPS) ratio for AVGO is 1.22, exhibiting the allocation of the profit to each of its outstanding share of common stock. It has a 200.98 P/E ratio.

Broadcom says it will continue to target long-term annual revenue growth of 5%, but raise its target for non-GAAP gross margin to 65% and for non-GAAP operating margin to 47.5%. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. 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 US chipmaker.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Arsenal v BATE Borisov
The Germany global sustained the "minor thigh problem" in the lead-up to Manchester United's second goal in just the 11th of the game last weekend.

Share