Broadcom (NASDAQ:AVGO) had its price target lifted by analysts at Mizuho from $290.00 to $310.00 in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the semiconductor manufacturer’s stock. Mizuho’s target price suggests a potential upside of 17.47% from the stock’s current price.

AVGO has been the topic of a number of other reports. Deutsche Bank increased their price objective on shares of Broadcom from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of Broadcom from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $285.00 price objective on shares of Broadcom in a research note on Tuesday, October 10th. Vetr downgraded shares of Broadcom from a “buy” rating to a “hold” rating and set a $261.95 price objective on the stock. in a research note on Monday, September 4th. Finally, Barclays increased their price objective on shares of Broadcom from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Broadcom currently has a consensus rating of “Buy” and a consensus target price of $298.73.

Broadcom (NASDAQ AVGO) remained flat at $$263.89 on Thursday. 7,924,702 shares of the company’s stock were exchanged, compared to its average volume of 2,799,135. The firm has a market capitalization of $107,660.00, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05. Broadcom has a 12-month low of $167.51 and a 12-month high of $285.68. 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 (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same period last year, the business earned $3.47 EPS. The business’s revenue was up 17.1% on a year-over-year basis. sell-side analysts anticipate that Broadcom will post 13.93 earnings per share for the current year.

In other news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $260.03, for a total value of $5,200,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas H. Krause sold 2,595 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. Insiders sold 104,383 shares of company stock valued at $25,949,184 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors have recently modified their holdings of AVGO. Peapack Gladstone Financial Corp increased its position in Broadcom by 0.5% during the second quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after acquiring an additional 10 shares during the period. Spectrum Management Group Inc. increased its position in Broadcom by 0.4% during the second quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after acquiring an additional 10 shares during the period. CWA Asset Management Group LLC increased its position in Broadcom by 0.9% during the second quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,000 after acquiring an additional 17 shares during the period. Vestor Capital LLC increased its position in Broadcom by 0.3% during the second quarter. Vestor Capital LLC now owns 15,051 shares of the semiconductor manufacturer’s stock worth $3,508,000 after acquiring an additional 49 shares during the period. Finally, TRUE Private Wealth Advisors increased its position in Broadcom by 5.1% during the second quarter. TRUE Private Wealth Advisors now owns 1,426 shares of the semiconductor manufacturer’s stock worth $332,000 after acquiring an additional 69 shares during the period. Institutional investors and hedge funds 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.

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