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


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.

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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 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.

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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.

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