Nomura reissued their buy rating on shares of Broadcom Limited (NASDAQ:AVGO) in a research note released on Tuesday morning.

Several other research analysts have also recently weighed in on AVGO. B. Riley reissued a buy rating and issued a $305.00 price target on shares of Broadcom Limited in a report on Saturday, August 26th. Vetr raised shares of 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. BidaskClub cut shares of Broadcom Limited from a strong-buy rating to a buy rating in a report on Friday, August 11th. Cowen and Company reaffirmed a buy rating and set a $260.00 target price on shares of Broadcom Limited in a report on Friday, August 11th. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $270.00 target price on shares of Broadcom Limited in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $284.31.

Broadcom Limited (NASDAQ AVGO) traded down $1.41 during trading on Tuesday, reaching $270.70. 1,102,207 shares of the company’s stock traded hands, compared to its average volume of 2,751,485. The company has a market cap of $110,030.00, a PE ratio of 20.08, a P/E/G ratio of 1.31 and a beta of 1.05. 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 Limited has a 52-week low of $160.62 and a 52-week high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.89 EPS. equities analysts forecast that Broadcom Limited will post 13.91 EPS for the current year.

WARNING: “Broadcom Limited (AVGO) Earns “Buy” Rating from Nomura” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/11/17/broadcom-limited-avgo-earns-buy-rating-from-nomura.html.

In other news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $246.48, for a total transaction of $4,929,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total transaction of $7,320,300.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,788 shares of company stock valued at $20,054,837. Insiders own 3.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Spectrum Management Group Inc. boosted its holdings in Broadcom Limited 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 purchasing an additional 10 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Broadcom Limited 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 purchasing an additional 10 shares during the last quarter. Private Trust Co. NA boosted its holdings in Broadcom Limited by 0.7% during the second quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock worth $460,000 after purchasing an additional 13 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Broadcom Limited 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 purchasing an additional 17 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in Broadcom Limited by 2.4% during the second quarter. Prospera Financial Services Inc now owns 1,052 shares of the semiconductor manufacturer’s stock worth $247,000 after purchasing an additional 25 shares during the last quarter. 90.11% of the stock is owned by institutional investors.

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.