Out of 28 analysts covering Avago Technologies (NASDAQ:AVGO), 27 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 96% are positive. Avago Technologies has been the topic of 59 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Below is a list of Broadcom Ltd (NASDAQ:AVGO) latest ratings and price target changes.
02/09/2016 Broker: Deutsche Bank Rating: Buy Old Target: $200.00 New Target: $205.00 Maintain
02/09/2016 Broker: Drexel Hamilton Rating: Buy Old Target: $192.00 New Target: $201.00 Maintain
02/09/2016 Broker: Canaccord Genuity Rating: Buy Old Target: $200.00 New Target: $215.00 Maintain
02/09/2016 Broker: Mizuho Rating: Buy Old Target: $190 New Target: $200 Maintain
02/09/2016 Broker: Cowen & Co Rating: Outperform Old Target: $200 New Target: $205 Maintain
30/08/2016 Broker: Barclays Capital Rating: Overweight New Target: $185.00 Maintain
30/08/2016 Broker: Citigroup Rating: Buy New Target: $205.00 Initiate
30/08/2016 Broker: Credit Suisse Rating: Outperform Old Target: $180.00 New Target: $200.00 Maintain
29/08/2016 Broker: RBC Capital Markets Rating: Top Pick Old Target: $185 New Target: $190 Maintain
27/06/2016 Broker: Morgan Stanley Rating: Overweight Initiate
About 1.90M shares traded hands. Broadcom Ltd (NASDAQ:AVGO) has risen 34.97% since February 8, 2016 and is uptrending. It has outperformed by 18.49% the S&P500.
Broadcom Limited is a semiconductor company. The company has a market cap of $66.95 billion. The Firm offers a range of products in end-markets, including wired infrastructure, wireless communications, enterprise storage, and industrial and others. It currently has negative earnings. The Company’s products are used in various applications, including 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.
The institutional sentiment increased to 0.47 in Q2 2016. Its up 0.45, from 0.02 in 2016Q1. The ratio improved, as 11 funds sold all Broadcom Ltd shares owned while 4 reduced positions. 5 funds bought stakes while 2 increased positions. They now own 2.04 million shares or 19.41% less from 2.54 million shares in 2016Q1.
Lyrical Asset Management Lp holds 6.3% of its portfolio in Broadcom Ltd for 1.94 million shares. Scott & Selber Inc. owns 16,831 shares or 1.75% of their US portfolio. Moreover, Lmr Partners Llp has 0.51% invested in the company for 21,306 shares. The Alabama-based Mitchell Mcleod Pugh & Williams Inc has invested 0.29% in the stock. Cibc World Markets Corp, a New York-based fund reported 26,277 shares.
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