Tech

Broadcom (NASDAQ:AVGO) Earning Somewhat Positive News Coverage, Analysis Shows

Broadcom (NASDAQ:AVGO) Earning Somewhat Positive News Coverage, Analysis Shows

The rating was maintained by Jefferies on Friday, August 25 with "Buy". M Partners has "Buy" rating and $160 target. Loop Capital Markets has "Buy" rating and $302.0 target. Credit Agricole upgraded it to "Outperform" rating and $150.0 target in Tuesday, August 25 report. The stock of Broadcom Limited (NASDAQ:AVGO) has "Buy" rating given on Tuesday, August 22 by J.P. Morgan. As per Wednesday, October 5, the company rating was initiated by Bernstein. Oppenheimer maintained the stock with "Buy" rating in Tuesday, May 30 report. The SI to Broadcom Limited Ord's float is 0.96%. The firm's market capitalization is $82.12 billion.

Broadcom Limited is a designer, developer and supplier of a range of analog and digital semiconductor connectivity solutions with a focus on analog III-V-based products, and digital and mixed signal complementary metal oxide semiconductor-based devices. The Company operates through four segments: wired infrastructure, wireless communications, enterprise storage, and industrial & other.

Broadcom earned a news sentiment score of 0.11 on Accern's scale. The share price has moved away from its 20 days moving average at the rate of 1.92% and its 50 days moving average returned 0.80%. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, beating analysts' consensus estimates of $4.52 by $0.07. 0 funds opened positions while 3 raised stakes. RBC Capital Markets restated a "top pick" rating and set a $200.00 target price on shares of Broadcom Limited in a research report on Wednesday, December 21st. Vantage Investment Advsr Limited Liability Corporation holds 0% or 42 shares. Perigon Wealth Management LLC purchased a new stake in shares of Broadcom Limited during the second quarter worth about $1,528,000. Eqis owns 17,834 shares. Gyroscope Capital Management Llc owns 3,408 shares or 0.19% of their United States portfolio. Gemmer Asset Mgmt reported 0.01% stake.

In related news, insider Hock E. Tan sold 20,789 shares of the business's stock in a transaction dated Monday, December 18th.

More news: Church & Dwight (CHD) Upgraded to Buy at Zacks Investment Research

Shares of Broadcom Ltd (NASDAQ AVGO) traded down $5.74 during mid-day trading on Wednesday, reaching $262.76. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer's stock worth $2,028,442,000 after acquiring an additional 1,338,695 shares in the last quarter. The company has a current ratio of 6.26, a quick ratio of 5.68 and a debt-to-equity ratio of 0.75. About 1.16 million shares traded. It has outperformed by 47.30% the S&P500. It is negative, as 17 investors sold INWK shares while 39 reduced holdings. Alternately, if the indicator goes below -80, this may point to the stock being oversold.

Investors sentiment increased to 1.77 in 2017 Q3. Its up 0.35, from 1.42 in 2017Q2. It is positive, as 13 investors sold Overstock.com, Inc. shares while 18 reduced holdings. Indexiq Advisors reported 50,390 shares. Grandfield & Dodd invested in 11,670 shares or 0.14% of the stock. (NASDAQ:OSTK). Price T Rowe Associates Md accumulated 12,647 shares. Geode Capital Mngmt Ltd Liability owns 155,363 shares. Next Financial Grp Inc Inc invested 0% of its portfolio in Overstock.com, Inc. Centurylink Investment Management reported 7,120 shares stake. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth. Icon Advisers Inc stated it has 10,000 shares. (NASDAQ:OSTK). Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Overstock.com, Inc. Kennedy Cap Mngmt holds 0.02% or 38,902 shares in its portfolio. Four research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and two have given a strong buy rating to the company. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average. Innerworkings had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Friday, June 3 with "Buy". The company was initiated on Friday, February 26 by B. Riley & Co. 6,191 were reported by Investment Centers Of America Incorporated. On Wednesday, February 1 the stock rating was maintained by Maxim Group with "Buy". DA Davidson maintained the shares of OSTK in report on Thursday, November 9 with "Buy" rating.

Analysts await Automatic Data Processing, Inc. They expect $0.13 earnings per share, up 8.33% or $0.01 from last year's $0.12 per share. This is a positive change from Broadcom's previous quarterly dividend of $1.02.

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