Tech

Broadcom (AVGO) PT Raised to $300.00

Broadcom (AVGO) PT Raised to $300.00

It got $1.959B in cash from operations and $3.98B from issuing long-term debt, along with $440M from sale of real property. During the same quarter last year, the firm posted $3.47 earnings per share. equities research analysts predict that Broadcom will post 13.93 earnings per share for the current fiscal year. 3,811,700 shares of the company traded hands, compared to its average volume of 2,768,422.

In other Broadcom news, SVP Bryan Ingram sold 10,000 shares of the company's stock in a transaction on Thursday, September 28th. Avago Technologies Limited had 155 analyst reports since August 4, 2015 according to SRatingsIntel. Penobscot Investment Management Company Inc. now owns 15,415 shares of the semiconductor manufacturer's stock valued at $3,375,000 after buying an additional 2,440 shares during the period. Gemmer Asset Mngmt Ltd Liability Corporation holds 0.01% or 94 shares in its portfolio. The stock increased 8.80% or $0.0005 during the last trading session, reaching $0.0068. Broadcom Limited has a 12-month low of $163.45 and a 12-month high of $285.68. It has underperformed by 16.70% the S&P500.

The institutional investor owned 1,423,050 shares of the semiconductor manufacturer's stock after purchasing an additional 186,841 shares during the quarter. Its the same as in 2017Q1. It has no change, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes. Moreover, Vantage Inv Advsrs Limited Co has 0% invested in Broadcom Limited (NASDAQ:AVGO) for 12 shares. First Bancorporation Of Omaha reported 0.24% of its portfolio in Broadcom Limited (NASDAQ:AVGO). Zacks Investment Research cut shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Tuesday, May 2nd. Spectrum Management Group Inc. raised its holdings in Broadcom by 0.4% during the second quarter. Accern also gave press coverage about the semiconductor manufacturer an impact score of 44.6167529784225 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Balasa Dinverno Foltz Ltd Limited Liability Company has 1,640 shares for 0.06% of their portfolio.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the company's stock in a transaction dated Thursday, November 16th.

Wagner Bowman Mgmt Corp stated it has 1,248 shares or 0.08% of all its holdings.

More news: Analyst Scores Summary: Patterson-UTI Energy, Inc. (PTEN), Ross Stores, Inc. (ROST)

Shares rose 1.3% to $267.62 after hours, adding to the 0.9% gain logged during Wednesday trading.

The company also forecast first-quarter revenue largely above analysts' estimates, boosted by its $5.5 billion acquisition of Brocade, which is expected to drive its business that caters to data centres.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The current P/E Ratio for Broadcom Limited AVGO is valued at 216.61 that allows investors an understanding on the calculation of the market value of Broadcom Limited relative to its earnings. Sales in Broadcom's wireless-communications segment, which makes chips for iPhones and enterprise-storage units, grew 33% while sales in wired infrastructure, which still accounts for 45% of sales, edged up 3%.

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