Broadcom Limited (NASDAQ:AVGO) had its price objective upped by Deutsche Bank AG from $275.00 to $295.00 in a report issued on Friday morning. They currently have a buy rating on the semiconductor manufacturer’s stock.

Several other research analysts have also weighed in on AVGO. UBS AG reiterated a buy rating and set a $265.00 target price (up from $245.00) on shares of Broadcom Limited in a report on Monday, June 5th. B. Riley reiterated a buy rating and set a $305.00 target price on shares of Broadcom Limited in a report on Saturday. Vetr upgraded Broadcom Limited from a hold rating to a buy rating and set a $258.25 target price on the stock in a report on Monday, August 14th. Royal Bank Of Canada reiterated a buy rating and set a $285.00 target price (up from $270.00) on shares of Broadcom Limited in a report on Saturday. Finally, Drexel Hamilton reiterated a buy rating and set a $292.00 target price on shares of Broadcom Limited in a report on Saturday. Two investment analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $268.40.

Broadcom Limited (AVGO) opened at 243.25 on Friday. The stock’s 50 day moving average price is $249.87 and its 200 day moving average price is $232.19. The firm has a market cap of $99.00 billion, a P/E ratio of 185.26 and a beta of 1.05. Broadcom Limited has a 1-year low of $158.75 and a 1-year high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.07. The business had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 earnings per share. Equities research analysts predict that Broadcom Limited will post $15.90 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This story was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/08/29/deutsche-bank-ag-increases-broadcom-limited-avgo-price-target-to-295-00.html.

In other Broadcom Limited news, SVP Bryan Ingram sold 10,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $244.59, for a total transaction of $2,445,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kirsten M. Spears sold 1,306 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $254.15, for a total value of $331,919.90. The disclosure for this sale can be found here. Insiders have sold 41,306 shares of company stock valued at $10,380,120 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in Broadcom Limited during the first quarter valued at $100,000. AllSquare Wealth Management LLC boosted its stake in Broadcom Limited by 38.0% in the first quarter. AllSquare Wealth Management LLC now owns 483 shares of the semiconductor manufacturer’s stock valued at $106,000 after buying an additional 133 shares during the last quarter. Mountain Capital Investment Advisors Inc acquired a new stake in Broadcom Limited during the second quarter valued at $113,000. Shine Investment Advisory Services Inc. acquired a new stake in Broadcom Limited during the second quarter valued at $116,000. Finally, Archford Capital Strategies LLC boosted its stake in Broadcom Limited by 45.4% in the first quarter. Archford Capital Strategies LLC now owns 538 shares of the semiconductor manufacturer’s stock valued at $118,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

About Broadcom Limited

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.

Analyst Recommendations for Broadcom Limited (NASDAQ:AVGO)

Receive News & Stock Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related stocks with our FREE daily email newsletter.