Impact of Brokerage Rating on Broadcom Limited(AVGO)

Many Broadcom Limited(AVGO) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2017 to Top Pick, Raises Price Target to $ 225 from a previous price target of $200 .Company shares were Reiterated by Mizuho on Dec 9, 2016 to Buy, Raises Price Target to $ 210 from a previous price target of $200 .Company shares were Reiterated by Cowen on Dec 9, 2016 to Outperform, Raises Price Target to $ 210 from a previous price target of $205 .Company shares were Reiterated by MKM Partners on Dec 9, 2016 to Buy, Raises Price Target to $ 207 from a previous price target of $193 .Avago Technologies Ltd was Initiated by Loop Capital to Buy on Dec 6, 2016.

Company has reported several Insider transactions to the SEC, on Feb 8, 2017, Henry Samueli (Chief Technical Officer) sold 10,162 shares at 205.82 per share price.On Jan 6, 2017, Lewis C Eggebrecht (director) sold 5,120 shares at 176.98 per share price.On Dec 27, 2016, Bryan Ingram (SVP & GM, Wireless Semicon Div) sold 12,000 shares at 181.43 per share price.

Avago Technologies Ltd Last issued its quarterly earnings results on Dec 8, 2016. The company reported $3.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.09. Analyst had a consensus of $3.38. The company had revenue of $4146.00 million for the quarter, compared to analysts expectations of $4123.49 million. The companys revenue was up 123.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.51 EPS.

Broadcom Limited (NASDAQ:AVGO) has received a short term rating of sell from experts at Zacks with a rank of 4. The stock has been rated an average of 1.17 by 26 Brokerage Firm. 22 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Broadcom Limited (NASDAQ:AVGO) stock has received a short term price target of $ 213.76 from 25 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $14.28. The higher estimate of target price is $250 , while the lower price target estimate is $180

Broadcom Limited (NASDAQ:AVGO) witnessed a decline in the market cap on Tuesday as its shares dropped 0.67% or 1.38 points. After the session commenced at $206.99, the stock reached the higher end at $207 while it hit a low of $204.8. With the volume soaring to 1,735,780 shares, the last trade was called at $205.33. The company has a 52-week high of $208.75. The company has a market cap of $81,923 million and there are 398,980,390 shares in outstanding. The 52-week low of the share price is $121.66.

Broadcom Limited is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays. It serves wired infrastructure, wireless communications, enterprise storage and industrial & other market. Broadcom Limited, formerly known as Avago Technologies Limited, is headquartered in Singapore.


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