Broadcom (NASDAQ:AVGO)‘s stock had its “buy” rating reissued by equities researchers at Craig Hallum in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $330.00 price objective on the semiconductor manufacturer’s stock, up from their prior price objective of $290.00. Craig Hallum’s price target points to a potential upside of 25.05% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. B. Riley upped their target price on shares of Broadcom from $305.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. BMO Capital Markets assumed coverage on shares of Broadcom in a report on Monday, November 20th. They issued an “outperform” rating and a $330.00 target price for the company. Loop Capital restated a “buy” rating and issued a $302.00 target price on shares of Broadcom in a report on Friday, August 25th. SunTrust Banks restated a “buy” rating and issued a $281.00 target price on shares of Broadcom in a report on Thursday, October 12th. Finally, Morgan Stanley restated a “buy” rating and issued a $290.00 target price on shares of Broadcom in a report on Friday, August 25th. Five analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Broadcom currently has an average rating of “Buy” and an average target price of $298.73.

Broadcom (NASDAQ AVGO) traded up $2.24 during midday trading on Thursday, reaching $263.89. 4,875,100 shares of the company’s stock traded hands, compared to its average volume of 2,777,329. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60. Broadcom has a 12 month low of $163.67 and a 12 month high of $285.68. The firm has a market cap of $106,747.80, a PE ratio of 19.78, a PEG ratio of 1.26 and a beta of 1.05.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping the consensus estimate of $4.52 by $0.07. Broadcom had a net margin of 3.12% and a return on equity of 26.82%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the business posted $3.47 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. sell-side analysts predict that Broadcom will post 13.93 earnings per share for the current year.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan Ingram sold 10,000 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $240.62, for a total transaction of $2,406,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,383 shares of company stock valued at $25,949,184. 3.60% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in AVGO. IFP Advisors Inc raised its position in Broadcom by 13.4% during the 2nd quarter. IFP Advisors Inc now owns 2,169 shares of the semiconductor manufacturer’s stock worth $506,000 after buying an additional 257 shares during the last quarter. Advisor Partners LLC increased its holdings in shares of Broadcom by 10.0% in the 2nd quarter. Advisor Partners LLC now owns 5,885 shares of the semiconductor manufacturer’s stock valued at $1,372,000 after purchasing an additional 537 shares in the last quarter. Pioneer Investment Management Inc. increased its holdings in shares of Broadcom by 2.2% in the 2nd quarter. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer’s stock valued at $288,099,000 after purchasing an additional 26,246 shares in the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Broadcom in the 2nd quarter valued at about $116,000. Finally, Aveo Capital Partners LLC purchased a new position in shares of Broadcom in the 2nd quarter valued at about $1,504,000. Institutional investors own 88.99% of the company’s stock.

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About Broadcom

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.

The Fly

Analyst Recommendations for Broadcom (NASDAQ:AVGO)

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