After Today’s Bullish Options Activity, Is Broadcom Ltd’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Broadcom Ltd's Near Term Analysis Positive?

In today’s session Broadcom Ltd (AVGO) registered an unusually high (426) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious AVGO increase. With 426 contracts traded and 6584 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: AVGO161216C00170000 closed last at: $7.7 or 15.4% down. About 1.20M shares traded hands. Broadcom Ltd (NASDAQ:AVGO) has risen 8.51% since March 30, 2016 and is uptrending. It has outperformed by 5.49% the S&P500.

Broadcom Ltd (NASDAQ:AVGO) Ratings Coverage

Out of 32 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 30 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 94% are positive. Avago Technologies Limited has been the topic of 79 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Broadcom Ltd (NASDAQ:AVGO) earned “Outperform” rating by Credit Suisse on Tuesday, February 16. The firm earned “Buy” rating on Friday, June 3 by Goldman Sachs. On Friday, August 28 the stock rating was maintained by BMO Capital Markets with “Outperform”. The firm has “Hold” rating by Topeka Capital Markets given on Tuesday, February 16. The firm has “Buy” rating by Sterne Agee CRT given on Thursday, December 3. The stock of Broadcom Ltd (NASDAQ:AVGO) has “Buy” rating given on Friday, June 3 by Brean Capital. As per Friday, June 3, the company rating was maintained by Suntrust Robinson. UBS maintained the stock with “Buy” rating in Friday, June 3 report. RBC Capital Markets maintained Broadcom Ltd (NASDAQ:AVGO) on Friday, June 3 with “Top Pick” rating. The stock has “Positive” rating given by Susquehanna on Tuesday, September 20.

According to Zacks Investment Research, “Broadcom Limited is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides 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. It serves wired infrastructure, wireless communications, enterprise storage and industrial & other market. Broadcom Limited, formerly known as Avago Technologies Limited, is headquartered in Singapore.”

Insitutional Activity: The institutional sentiment increased to 0.47 in Q2 2016. Its up 0.45, from 0.02 in 2016Q1. The ratio is positive, 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.
Cibc Corp accumulated 26,277 shares or 0.11% of the stock. Janney Montgomery Scott Lc owns 13,838 shares or 0.03% of their US portfolio. Trust Department Mb Fincl Bank N A last reported 0% of its portfolio in the stock. The California-based Eqis Cap Mgmt has invested 0.1% in Broadcom Ltd (NASDAQ:AVGO). Scott And Selber Incorporated holds 1.75% or 16,831 shares in its portfolio. Huntington Comml Bank owns 2,296 shares or 0.01% of their US portfolio. Mitchell Mcleod Pugh & Williams Inc last reported 2,045 shares in the company. Lmr Partners Llp has 0.51% invested in the company for 21,306 shares. Quantitative Inv Mngmt Limited Liability Company holds 0.07% or 10,300 shares in its portfolio. Lyrical Asset Lp has invested 6.3% of its portfolio in Broadcom Ltd (NASDAQ:AVGO). Gemmer Asset Mgmt Limited Liability last reported 87 shares in the company. Vantage Invest Advisors Ltd Limited Liability Company has 12 shares for 0% of their US portfolio.

Broadcom Limited is a semiconductor company. The company has a market cap of $67.17 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.

AVGO Company Profile

Broadcom Limited is a semiconductor company. The Firm offers a range of products in end-markets, including wired infrastructure, wireless communications, enterprise storage, and industrial and others. 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 Company’s product categories include broadband access and modems, enterprise and network processors, Ethernet communication and switching, set-top box and media processors, wireless infrastructure and wireless connectivity. The Company’s broadband access and modems category consists of products, such as Universal 1024 quadrature amplitude modulation (QAM) Modulator, Universal DOCSIS 2.0-Based Downstream Modulator, Dual Universal DOCSIS/EuroDOCSIS 2.0 Burst Receiver, DOCSIS/EuroDOCSIS 2.0-Based Cable Modem Termination System and QAMLink DOCSIS/EuroDOCSIS 2.0 Single-Chip Cable Modem.

More notable recent Broadcom Ltd (NASDAQ:AVGO) news were published by: Fool.com which released: “Why Did Broadcom Ltd. Quit The Internet of Things?” on May 09, 2016, also Profitconfidential.com with their article: “Broadcom Ltd: This Catalyst Could Boost AVGO Stock to $200” published on September 30, 2016, Fool.com published: “Broadcom Ltd Already a Big Winner From the Upcoming iPhone 7” on September 06, 2016. More interesting news about Broadcom Ltd (NASDAQ:AVGO) were released by: Fool.com and their article: “Broadcom Ltd. Signs 3-Year Apple Inc. Supply Deal” published on March 24, 2016 as well as Fool.com‘s news article titled: “3 Reasons Avago Technologies Ltd (Broadcom Ltd) Stock Could Fall” with publication date: February 24, 2016.

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