Broadcom (NASDAQ:AVGO) had its target price lifted by investment analysts at Susquehanna Bancshares from $300.00 to $325.00 in a research note issued to investors on Wednesday. The firm currently has a “positive” rating on the semiconductor manufacturer’s stock. Susquehanna Bancshares’ price target suggests a potential upside of 24.21% from the company’s current price.

A number of other brokerages have also recently commented on AVGO. Vetr cut Broadcom from a “buy” rating to a “hold” rating and set a $290.34 price target for the company. in a research report on Monday, November 27th. Zacks Investment Research upgraded Broadcom from a “sell” rating to a “hold” rating and set a $316.00 price target for the company in a research report on Monday, November 27th. Mizuho restated a “buy” rating and issued a $290.00 price target on shares of Broadcom in a research report on Monday, November 6th. Drexel Hamilton restated a “buy” rating and issued a $302.00 price target on shares of Broadcom in a research report on Monday, November 6th. Finally, B. Riley reiterated a “buy” rating and set a $315.00 target price on shares of Broadcom in a research report on Monday, November 20th. Five equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $293.51.

Broadcom (NASDAQ AVGO) traded down $1.96 during trading on Wednesday, reaching $261.65. The company had a trading volume of 3,811,700 shares, compared to its average volume of 2,768,422. The stock has a market capitalization of $105,880.00, a PE ratio of 19.92, a PEG ratio of 1.27 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48. Broadcom has a 12 month low of $163.45 and a 12 month high of $285.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.10. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Broadcom had a return on equity of 26.82% and a net margin of 3.12%. Broadcom’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.47 earnings per share. equities research analysts anticipate that Broadcom will post 13.93 EPS for the current fiscal year.

In related news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 30,000 shares of the firm’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 disclosure for this sale can be found here. Insiders sold a total of 104,383 shares of company stock valued at $25,949,184 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Mountain Capital Investment Advisors Inc purchased a new position in Broadcom during the 2nd quarter worth $113,000. AllSquare Wealth Management LLC purchased a new position in Broadcom during the 3rd quarter worth $113,000. Shine Investment Advisory Services Inc. purchased a new position in Broadcom during the 2nd quarter worth $116,000. Tower Research Capital LLC TRC increased its holdings in Broadcom by 473.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock worth $134,000 after purchasing an additional 473 shares during the period. Finally, Catamount Wealth Management purchased a new position in Broadcom during the 2nd quarter worth $140,000. 88.99% of the stock is owned by hedge funds and other institutional investors.

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

Analyst Recommendations for Broadcom (NASDAQ:AVGO)

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