Broadcom Co. (NASDAQ:BRCM) Receives Average Recommendation of “Hold” from Brokerages
Shares of Broadcom Co. (NASDAQ:BRCM) have been given an average recommendation of “Hold” by the eleven research firms that are covering the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $77.50.
Shares of Broadcom (NASDAQ:BRCM) remained flat at $54.67 during mid-day trading on Friday. The company has a 50 day moving average price of $55.63 and a 200-day moving average price of $52.95. Broadcom has a 52 week low of $41.28 and a 52 week high of $58.51.
A hedge fund recently bought a new stake in Broadcom stock. Janney Montgomery Scott LLC acquired a new stake in Broadcom Co. (NASDAQ:BRCM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,698 shares of the semiconductor manufacturer’s stock, valued at approximately $329,000.
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Broadcom Corporation (Broadcom) provides semiconductor solutions for wired and wireless communications. The Company offers a portfolio of system-on-a-chip solutions (SoCs) that deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. The Company’s solutions are used globally by manufacturers and are embedded in an array of communications products.
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