Broadcom Ltd Has More Gas To Decrease After Today’s Bearish Options Activity

 Broadcom Ltd Has More Gas To Decrease After Today's Bearish Options Activity

In today’s session Broadcom Ltd (AVGO) recorded an unusually high (366) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious AVGO decrease. With 366 contracts traded and 18984 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: AVGO161118P00165000 closed last at: $0.7 or 7.7% up. About 880,245 shares traded hands. Broadcom Ltd (NASDAQ:AVGO) has risen 7.92% since April 11, 2016 and is uptrending. It has outperformed by 1.78% the S&P500.

Broadcom Ltd (NASDAQ:AVGO) Ratings Coverage

Out of 33 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 31 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 94% are positive. $215 is the highest target while $95.0 is the lowest. The $186.65 average target is 12.07% above today’s ($166.55) stock price. Avago Technologies Limited has been the topic of 80 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 2 by Canaccord Genuity. The stock has “Buy” rating given by Sterne Agee CRT on Friday, June 3. Deutsche Bank maintained the shares of AVGO in a report on Friday, September 2 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $155 target price in Thursday, December 3 report. The rating was initiated by Cowen & Co on Monday, April 18 with “Outperform”. Craig Hallum maintained the shares of AVGO in a report on Friday, June 3 with “Buy” rating. The company was maintained on Tuesday, November 24 by M Partners. The firm earned “Buy” rating on Friday, June 3 by SunTrust. The company was upgraded on Monday, September 21 by Zacks. The stock of Broadcom Ltd (NASDAQ:AVGO) earned “Buy” rating by Canaccord Genuity on Thursday, December 3.

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 increased, 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.
Eqis Capital Management has invested 0.1% of its portfolio in Broadcom Ltd (NASDAQ:AVGO). Cibc World holds 0.11% of its portfolio in Broadcom Ltd (NASDAQ:AVGO) for 26,277 shares. Vantage Investment Limited Liability Company last reported 12 shares in the company. Moreover, Gemmer Asset Lc has 0.01% invested in Broadcom Ltd (NASDAQ:AVGO) for 87 shares. The Ohio-based Huntington Natl Bank has invested 0.01% in Broadcom Ltd (NASDAQ:AVGO). Quantitative Invest Mgmt Lc last reported 0.07% of its portfolio in the stock. Scott & Selber owns 16,831 shares or 1.75% of their US portfolio. The United Kingdom-based Lmr Prtn Llp has invested 0.51% in Broadcom Ltd (NASDAQ:AVGO). Janney Montgomery Scott Lc owns 13,838 shares or 0.03% of their US portfolio. Lyrical Asset Lp has invested 6.3% of its portfolio in Broadcom Ltd (NASDAQ:AVGO). Mitchell Mcleod Pugh Williams last reported 2,045 shares in the company. Department Mb Savings Bank N A last reported 243 shares in the company.

Broadcom Limited is a semiconductor company. The company has a market cap of $64.08 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: “Better Buy: Qualcomm Inc vs. Broadcom Ltd.” on November 09, 2016, also Streetinsider.com with their article: “Broadcom Ltd. (AVGO) to Acquire Brocade (BRCD) in ~$5.9B Deal” published on November 02, 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: “Why Did Broadcom Ltd. Quit The Internet of Things?” published on May 09, 2016 as well as Profitconfidential.com‘s news article titled: “Broadcom Ltd: This Catalyst Could Boost AVGO Stock to $200” with publication date: September 30, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment