Broadcom Limited (NASDAQ:AVGO)‘s stock had its “overweight” rating reissued by investment analysts at KeyCorp in a report issued on Thursday.

A number of other equities research analysts have also commented on AVGO. Instinet reiterated a “buy” rating and set a $260.00 price target (up from $230.00) on shares of Broadcom Limited in a report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “top pick” rating and set a $250.00 price target on shares of Broadcom Limited in a report on Tuesday, May 23rd. Morgan Stanley reiterated an “overweight” rating and set a $265.00 price target (up from $245.00) on shares of Broadcom Limited in a report on Thursday, May 25th. Mizuho reiterated a “buy” rating and set a $265.00 price target (up from $250.00) on shares of Broadcom Limited in a report on Sunday, May 28th. Finally, B. Riley reiterated a “buy” rating and set a $305.00 price target on shares of Broadcom Limited in a report on Tuesday, May 30th. Two equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company. Broadcom Limited currently has a consensus rating of “Buy” and a consensus target price of $274.48.

Shares of Broadcom Limited (AVGO) traded up 0.28% during trading on Thursday, reaching $246.92. 2,864,471 shares of the company were exchanged. The stock has a market capitalization of $100.74 billion, a PE ratio of 188.06 and a beta of 1.07. Broadcom Limited has a one year low of $160.62 and a one year high of $259.36. The stock has a 50-day moving average price of $249.57 and a 200-day moving average price of $235.64.

Broadcom Limited (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The company had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the business posted $2.89 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. Analysts forecast that Broadcom Limited will post $15.92 EPS for the current year.

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In related news, SVP Bryan Ingram sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $244.59, for a total value of $2,445,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Intl Fcstone Inc. purchased a new position in shares of Broadcom Limited in the second quarter worth approximately $1,104,000. Achmea Investment Management B.V. boosted its holdings in shares of Broadcom Limited by 19.2% in the second quarter. Achmea Investment Management B.V. now owns 14,964 shares of the semiconductor manufacturer’s stock worth $3,485,000 after buying an additional 2,412 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in shares of Broadcom Limited in the second quarter worth approximately $6,621,000. Sentry Investment Management LLC boosted its holdings in shares of Broadcom Limited by 1.1% in the second quarter. Sentry Investment Management LLC now owns 31,719 shares of the semiconductor manufacturer’s stock worth $7,392,000 after buying an additional 333 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Broadcom Limited by 10.3% in the second quarter. Toronto Dominion Bank now owns 295,961 shares of the semiconductor manufacturer’s stock worth $68,961,000 after buying an additional 27,726 shares during the last quarter. 90.04% of the stock is currently owned by institutional investors.

Broadcom Limited 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. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Analyst Recommendations for Broadcom Limited (NASDAQ:AVGO)

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