Broadcom Limited (NASDAQ:AVGO) had its target price increased by Royal Bank Of Canada from $300.00 to $315.00 in a report released on Monday morning. Royal Bank Of Canada currently has a top pick rating on the semiconductor manufacturer’s stock.

AVGO has been the subject of several other reports. Vetr upgraded shares of Broadcom Limited from a hold rating to a buy rating and set a $261.95 target price for the company in a report on Monday, August 28th. B. Riley restated a buy rating and set a $305.00 target price on shares of Broadcom Limited in a report on Thursday, August 31st. BidaskClub downgraded shares of Broadcom Limited from a strong-buy rating to a buy rating in a report on Friday, August 11th. Zacks Investment Research downgraded shares of Broadcom Limited from a buy rating to a hold rating in a report on Thursday, August 17th. Finally, UBS AG restated an overweight rating on shares of Broadcom Limited in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $286.47.

Shares of Broadcom Limited (AVGO) opened at $274.88 on Monday. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60. Broadcom Limited has a 52 week low of $160.62 and a 52 week high of $281.80. The company has a market cap of $112,150.00, a PE ratio of 20.55, a P/E/G ratio of 1.34 and a beta of 1.05.

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

WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/11/21/broadcom-limited-avgo-price-target-raised-to-315-00-at-royal-bank-of-canada.html.

In other Broadcom Limited news, CFO Thomas H. Krause sold 2,595 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $260.03, for a total transaction of $5,200,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 104,383 shares of company stock valued at $25,949,184. 3.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AVGO. Harbour Capital Advisors LLC grew its position in shares of Broadcom Limited by 22,924.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock worth $6,569,000 after acquiring an additional 1,524,256 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Broadcom Limited by 80.3% during the third quarter. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer’s stock worth $823,980,000 after acquiring an additional 1,512,956 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Broadcom Limited by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after acquiring an additional 1,338,695 shares during the last quarter. Jennison Associates LLC grew its position in shares of Broadcom Limited by 26.7% during the second quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after acquiring an additional 1,128,052 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Broadcom Limited by 3.5% during the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after acquiring an additional 798,982 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Broadcom Limited Company Profile

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.