Broadcom Limited Ord (NASDAQ:AVGO) on Focus After Report of Less Shorts


Mitchell Mcleod Pugh Williams Inc has invested 0.48% in Broadcom Limited (NASDAQ:AVGO). The firm owned 31,380 shares of the semiconductor manufacturer's stock after purchasing an additional 515 shares during the period.

Several equities research analysts have recently commented on AVGO shares.

Looking ahead at valuations, according to the consensus, the next fiscal year is forecast to bring about 16.01 in total earnings per share. Loop Capital raised their target price on Broadcom to $330.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Zacks Investment Research lowered Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, August 17th. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock.

On back of even higher confidence following robust execution for the quarter, the analyst reiterates a Buy rating on AVGO stock while lifting the price target from $313 to $317, which represents a 15% increase from current levels.

With its market cap stated above, the dividend yield for Broadcom Limited, AVGO is 1.55%. With 224,300 avg volume, 5 days are for Calix Incorporated (NYSE:CALX)'s short sellers to cover CALX's short positions. The rating was maintained by Cowen & Co with "Outperform" on Friday, June 3. The firm has a market capitalization of $106,747.80, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05. Broadcom is aiming for a gross margin, the per centage of sales remaining after deducting costs of production, of 65 per cent, 5 percentage points higher that it had expected.

Broadcom Ltd (NASDAQ:AVGO) late Wednesday posted mixed fiscal fourth quarter earnings results and offered a bullish outlook for fiscal Q1. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping the consensus estimate of $4.52 by $0.07. Broadcom had a return on equity of 26.82% and a net margin of 3.12%. It is therefore an indicator of the value put on each dollar for the sales of the business or revenues. During the same period last year, the business posted $3.47 EPS. sell-side analysts expect that Broadcom will post 13.93 earnings per share for the current year. The firm has "Buy" rating given on Thursday, August 24 by Robert W. Baird. The shares were sold at an average price of $244.01, for a total value of $7,320,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Thomas H. Krause sold 2,595 shares of the business's stock in a transaction on Thursday, November 16th.

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The company during the last trade was able to reach a volume of 4.68 million shares. The disclosure for this sale can be found here. The stock price volatility for last week at the close of regular trading was 2.69%, pushing the figure for the whole month to now reaching 3.82%.

Other institutional investors and hedge funds have also modified their holdings of the company. Ingalls & Snyder LLC increased its position in shares of Broadcom by 8.6% in the second quarter.

Broadcom raised its interim dividend by 72 percent quarter-on-quarter to United States dollars 1.75 after revenues for its fourth quarter hit the high end of expectations and following a very strong fiscal 2017. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer's stock worth $288,099,000 after acquiring an additional 26,246 shares in the last quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer's stock worth $1,245,855,000 after purchasing an additional 1,128,052 shares in the last quarter. It turned negative, as 64 investors sold AMZN shares while 542 reduced holdings.

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Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide.

Broadcom makes chips for wired and wireless communications, enterprise storage, and industrial markets.