Mizuho Raises Broadcom (AVGO) Price Target to $310.00

Mizuho Raises Broadcom (AVGO) Price Target to $310.00

Mizuho Raises Broadcom (AVGO) Price Target to $310.00

Bernstein maintained Broadcom Limited (NASDAQ:AVGO) on Monday, November 13 with "Buy" rating. Price Target plays a critical role when it comes to the analysis of a Stock. With this in mind, the analyst commends AVGO for reporting a revenue guide for the first fiscal quarter of 2018 past both his and the Street's estimates.

Broadcom shares gained about 4 per cent in extended trading following release of the quarterly results. Vetr downgraded Broadcom from a "buy" rating to a "hold" rating and set a $261.95 price objective for the company.in a report on Monday, September 4th. With 2.76M shares average volume, it will take short sellers 1 days to cover their AVGO's short positions. The firm earned "Buy" rating on Thursday, December 3 by Mizuho.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Three equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and an average price target of $298.73. The stock increased 0.76% or $0.91 during the last trading session, reaching $121.2. 4,875,100 shares of the company's stock traded hands, compared to its average volume of 2,777,329. The firm has a market cap of $106,747.80, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05. Broadcom has a 52-week low of $163.67 and a 52-week high of $285.68. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Moreover, Wagner Bowman Mgmt has 0.08% invested in Broadcom Limited (NASDAQ:AVGO). Broadcom had a net margin of 3.12% and a return on equity of 26.82%.

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Revenues for Q4 rose 17 percent from the year before to Dollars 4.844 billion while the gross margin went up to USD 2.383 billion (49.2% of revenues) from 2.171 billion (52.5%) the year earlier. Broadcom Limited analysts gave 12 buy-equivalent recommendations, 0 sells and 1 holds. Zacks Investment Research downgraded Broadcom from a "hold" rating to a "sell" rating in a report on Wednesday, October 25th.

In other news, VP Patricia H. Mccall sold 1,696 shares of the company's stock in a transaction dated Wednesday, March 8th. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The shares were sold at an average price of $240.62, for a total value of $2,406,200.00. The disclosure for this sale can be found here. That activity is comparable to their recent volume average trend of almost 2.99 million shares which they recorded over a period of three months.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.7 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell.

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Other institutional investors and hedge funds have also modified their holdings of the company. Dividends are mostly given in terms of cash payments, property or as shares of stock. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer's stock worth $288,099,000 after buying an additional 26,246 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Broadcom by 18.2% in the second quarter. Sterne Agee CRT initiated the shares of AVGO in report on Wednesday, September 9 with "Buy" rating. Balasa Dinverno & Foltz Llc accumulated 1,640 shares or 0.06% of the stock. Mitchell Mcleod Pugh Williams invested in 2,688 shares or 0.48% of the stock. Finally, Vanguard Group Inc. raised its stake in Broadcom by 3.0% in the second quarter. Shine Investment Advisory Services Inc. bought a new position in Broadcom during the 2nd quarter worth $116,000.

Broadcom Company Profile 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.

Revenue by segment: Wired infrastructure, $2.146B (up 3%); Wireless communications, $1.796B (up 33%); Enterprise storage, $645M (up 15%); Industrial and other, $257M (up 66%).

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