Credit Suisse Group Initiates Coverage on Broadcom (AVGO)

The stock's average target of $204.75 is -22.41% below today's ($263.89) share price.

Broadcom raked in revenue of $4.84 billion during the period, ahead of $4.14 billion it brought in a year ago. The forecast includes sales from its recent acquisition of Brocade Communications Systems Inc.

The takeover bid turned hostile earlier this week when Broadcom nominated candidates to overhaul Qualcomm's board of directors after the company rejected its unsolicited offer. The company reported the earnings of $4.1/Share in the last quarter where the estimated EPS by analysts was $4.03/share. Broadcom has an average rating of "Buy" and a consensus target price of $291.42. Amundi Pioneer Asset Management Inc. owned about 0.35% of Broadcom worth $345,146,000 at the end of the most recent reporting period. Deutsche Bank maintained the shares of AVGO in report on Friday, September 2 with "Buy" rating. Wells Fargo & Co reiterated a "market perform" rating and set a $222.50 target price (up previously from $165.00) on shares of Broadcom in a research report on Friday, March 3rd. Five investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Cowen & Co maintained it with "Buy" rating and $26000 target in Thursday, August 10 report. Cibc Ww Markets Corporation has invested 0.25% in Broadcom Limited (NASDAQ:AVGO).

They expect $3.94 EPS, up 23.86% or $0.94 from last year's $3 per share. Broadcom Ltd has a 52-week low of $142.27 and a 52-week high of $242.89. The company has market cap of $113.52 billion. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Balasa Dinverno Foltz Lc holds 1,640 shares. The stock was 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 Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 65,000 shares of the company's stock in a transaction on Monday, March 6th. 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.

Melania Trump, Karen Pence stop at Whataburger during Coastal Bend visit
Then, the pair will be off to Rockport to meet with a family whose home was destroyed in the storm. And while she's been here twice before, tomorrow she travels without her husband, President Trump.

If we look at the Volatility of the company, Week Volatility is 4.02%, whereas Month Volatility is at 2.71%.

Hedge funds have recently made changes to their positions in the business. Finally, TRUE Private Wealth Advisors raised its holdings in Broadcom by 5.1% during the second quarter. These holdings make up 59.69% of the company's outstanding shares. Tower Research Capital LLC TRC increased its position in shares of Broadcom by 473.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer's stock valued at $134,000 after purchasing an additional 473 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of Broadcom in the third quarter worth $382,000. Institutional investors own 91.85% of the company's stock.

TRADEMARK VIOLATION NOTICE: This story was posted by Week Herald and is the sole property of of Week Herald. Texas-based Scott & Selber has invested 2.33% in Broadcom Limited (NASDAQ:AVGO).

Related news:

Hot News

isis-killer-beheading-video-story-top Delhi govt submits action plan to check pollution, no exemption under odd-even
Dec 07, 2017 - 02:16
It said on Monday, "The government only talks about challans (prosecution slips). but nothing is reflected on the ground". However, appreciating the city government, the bench headed by NGT chief Justice Swatanter Kumar has sough more clarity.

isis-killer-beheading-video-story-top Hugh Jackman reveals why he rejected the role of James Bond
Dec 07, 2017 - 02:16
Daniel Craig was ultimately offered the role and, well, it seems like they decided to make him gritty after all. The 49-year-old actor recently opened up about why he turned down the role of James Bond .

isis-killer-beheading-video-story-top Bitcoin: Steam Gaming Service Is Waving Goodbye
Dec 07, 2017 - 02:14
Others, such as McAfee Antivirus founder John McAfee, fervently believe that the price will soar to $1 million per coin by 2020. For these reasons and the overall volatility of the currency, it's "untenable" to support Bitcoin at the moment, the blog said.

isis-killer-beheading-video-story-top Hunter Pence persuades Giancarlo Stanton to join Giants
Dec 07, 2017 - 02:12
Stanton has a no-trade clause in his contract and reportedly is unwilling to play for either the St. Louis Cardinals or Boston Red Sox.

Disney Pursuing 'Chicago' Director to Helm Live Action 'Little Mermaid'
Dec 07, 2017 - 02:09
According to the site, Marshall has been offered the job and will make his decision known after the holiday season. Should this go through, this would be another film that he and Lin-Manuel Miranda will have worked on together.

isis-killer-beheading-video-story-top U.S. homeless on rise for time since 2010
Dec 07, 2017 - 02:08
Homelessness in Minnesota climbed 4.5 percent in 2017 compared to the year before, according to estimates released by the U.S. This year, HUD and local communities launched a more intense effort to more accurately account for the population.

isis-killer-beheading-video-story-top Overpowered New Gun Dominates Destiny 2 PvP
Dec 07, 2017 - 01:55
It might feel as if the developers just took away something you've already bought. Once you've done three of them, you'll unlock access to Heroic Adventures.

isis-killer-beheading-video-story-top FG's agents plan to disrupt PDP's national convention, Adeyeye alleges
Dec 07, 2017 - 01:45
CHAIRMAN of the PDP National Elective Convention Committee and governor of Delta State, Dr. However, the party said he would be allowed to speak at the convention.

isis-killer-beheading-video-story-top London honours the 14 women killed at Ecole Polytechnique
Dec 07, 2017 - 01:40
According to the YWCA, more than 50 per cent of Canadian women will experience a violent incident at some point in their lives. She sees the award as a way to both honour their memories and celebrate the progress that has been made since then.

The Amicus Therapeutics, Inc. (FOLD) Receives Consensus Rating of "Buy" from Analysts
Dec 07, 2017 - 01:32
Moreover, Schwab Charles Management Incorporated has 0.01% invested in Amicus Therapeutics, Inc . (NASDAQ:FOLD) for 44,365 shares. They expect this year's earnings to rise 12.23% year-over-year to -$1.56, followed by -28.21% decline in the next year to -$1.12.

Tracking Shares of S&P 500 Real Estate Sector SPDR (XLRE)
Dec 07, 2017 - 01:31
Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. At the time of writing, S&P 500 Real Estate Sector SPDR (XLRE) has a 14-day Commodity Channel Index (CCI) of -143.54.

Here's how analysts see Sempra Energy (NYSE:SRE) after this past week
Dec 07, 2017 - 01:22
A month ago, they told us to expect earnings of US$1.86 per share while three months ago their EPS consensus estimate was US$1.88. Investors might also notice that two months ago the Buy recommendations (2) outnumbered Sell recommendations (0).

isis-killer-beheading-video-story-top Kaalakaandi: The Teaser Poster Out With Saif In A Mysterious Avatar
Dec 07, 2017 - 01:20
The trailer hints at a boldness that is reminiscent of Akshat's famed 2011 film, with its humour, especially. It is directed by Akshat Verma , who has previously penned the incredible Delhi Belly .

isis-killer-beheading-video-story-top CB Tyreke Johnson continues Florida pipeline to Ohio State
Dec 07, 2017 - 01:17
The Times-Union's 2017 Super 24 and defensive player of the year Shaun Wade signed with the Buckeyes in last season's class. The Ohio State official visit this fall, however, really secured the lead for Urban Meyer and the Buckeyes.

isis-killer-beheading-video-story-top John Conyers III arrested but not prosecuted in domestic abuse case
Dec 07, 2017 - 01:13
The younger Conyers said he would make a decision 'once I have taken the time to thoroughly listen to our community'. Conyers III's girlfriend said he attacked her after he searched her computer, and believed she was cheating.