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Broadcom (NASDAQ:BRCM)‘s stock had its “neutral” rating reaffirmed by Nomura in a research note issued on Tuesday. They currently have a $38.00 target price on the stock, up from their previous target price of $30.00. Nomura’s price target indicates a potential upside of 9.07% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of Broadcom in a research note on Tuesday. They now have a $39.00 price target on the stock, up previously from $35.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Broadcom in a research note on Tuesday. They now have a $33.00 price target on the stock, up previously from $27.00. Finally, analysts at Credit Agricole upgraded shares of Broadcom from an “outperform” rating to a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $35.78.

Broadcom (NASDAQ:BRCM) traded up 2.55% on Tuesday, hitting $35.73. 12,579,259 shares of the company’s stock traded hands. Broadcom has a 1-year low of $23.25 and a 1-year high of $36.20. The stock has a 50-day moving average of $30.40 and a 200-day moving average of $29.68. The company has a market cap of $20.902 billion and a price-to-earnings ratio of 51.16. Broadcom also was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 12,810,746 shares, a decrease of 18.0% from the April 30th total of 15,615,564 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,772,440 shares, the short-interest ratio is presently 2.2 days.

Broadcom (NASDAQ:BRCM) last announced its earnings results on Thursday, April 24th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts predict that Broadcom will post $2.52 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Wednesday, May 28th.

Broadcom Corporation (NASDAQ:BRCM), is a global semiconductor solution for wired and wireless communications.

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