Broadcom Limited (NASDAQ:AVGO) has been assigned a $286.00 price objective by research analysts at Jefferies Group LLC in a report issued on Wednesday. The brokerage presently has a “buy” rating on the semiconductor manufacturer’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 17.10% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Barclays PLC lifted their price objective on shares of Broadcom Limited from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday. KeyCorp restated a “buy” rating and set a $290.00 price objective on shares of Broadcom Limited in a research note on Tuesday, October 17th. SunTrust Banks, Inc. restated a “buy” rating and set a $281.00 price objective on shares of Broadcom Limited in a research note on Thursday, October 12th. Royal Bank Of Canada restated a “top pick” rating and set a $285.00 price objective on shares of Broadcom Limited in a research note on Wednesday, October 11th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $285.00 price objective on shares of Broadcom Limited in a research note on Tuesday, October 10th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and four have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $277.51.

Shares of Broadcom Limited (NASDAQ AVGO) traded down 0.02% during trading on Wednesday, hitting $244.24. 2,354,761 shares of the stock were exchanged. The stock has a 50-day moving average of $244.97 and a 200 day moving average of $240.32. The stock has a market cap of $99.64 billion, a P/E ratio of 186.44 and a beta of 1.08. Broadcom Limited has a 12-month low of $160.62 and a 12-month high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the 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 the consensus estimate of $4.46 billion. During the same quarter in the previous year, the company posted $2.89 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. Equities analysts predict that Broadcom Limited will post $15.91 earnings per share for the current fiscal year.

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In related news, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $247.28, for a total value of $442,136.64. The disclosure for this sale can be found here. In the last three months, insiders sold 81,788 shares of company stock valued at $20,054,837. 3.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Spectrum Management Group Inc. grew its stake in shares of Broadcom Limited by 0.4% in the 2nd quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock valued at $551,000 after buying an additional 10 shares in the last quarter. Peapack Gladstone Financial Corp grew its stake in shares of Broadcom Limited by 0.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock valued at $503,000 after buying an additional 10 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Broadcom Limited by 0.7% in the 2nd quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock valued at $460,000 after buying an additional 13 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Broadcom Limited by 1.4% in the 1st quarter. IHT Wealth Management LLC now owns 1,094 shares of the semiconductor manufacturer’s stock valued at $238,000 after buying an additional 15 shares in the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of Broadcom Limited by 0.9% in the 2nd quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock valued at $447,000 after buying an additional 17 shares in the last quarter. 89.65% of the stock is owned by institutional investors and hedge funds.

About Broadcom Limited

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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