10.04 % to Target, Jefferies Maintains ‘Buy’ Rating on Broadcom Ltd (NASDAQ:AVGO) Shares Today

December 27, 2017 - By Louis Casey

 10.04 % to Target, Jefferies Maintains ‘Buy’ Rating on Broadcom Ltd (NASDAQ:AVGO) Shares Today

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.25, from 1 in 2017Q2. It turned negative, as 0 investors sold Broadcom Limited shares while 4 reduced holdings. 0 funds opened positions while 3 raised stakes. 169,855 shares or 5.40% less from 179,559 shares in 2017Q2 were reported.

Mitchell Mcleod Pugh & Williams owns 2,648 shares. Moreover, Balasa Dinverno Foltz Limited Liability Company has 0.06% invested in Broadcom Limited (NASDAQ:AVGO). Cibc World Markets holds 0.21% or 91,394 shares in its portfolio. Moreover, Gemmer Asset Management Limited Com has 0.01% invested in Broadcom Limited (NASDAQ:AVGO). Scott Selber has 16,250 shares. Vantage Investment Advsr Limited Liability holds 0% or 42 shares in its portfolio. First Bank Of Omaha invested in 38,700 shares. Eqis Capital Mgmt Inc, a California-based fund reported 17,834 shares. Wagner Bowman Corporation holds 0.08% or 1,248 shares in its portfolio.

Broadcom Ltd (NASDAQ:AVGO) Rating Reaffirmed

Equities researchers at Jefferies now has a $286.0 target price on Broadcom Ltd (NASDAQ:AVGO). Jefferies and their recent target price would suggest a potential upside of 10.04 % from the company’s stock close price. The rating has been disclosed in a research note on Wednesday, 18 October.

Investors sentiment decreased to 0.75 in Q3 2017. Its down 0.25, from 1 in 2017Q2. It turned negative, as 0 investors sold Broadcom Limited shares while 4 reduced holdings. 0 funds opened positions while 3 raised stakes. 169,855 shares or 5.40% less from 179,559 shares in 2017Q2 were reported.

Mitchell Mcleod Pugh & Williams owns 2,648 shares. Moreover, Balasa Dinverno Foltz Limited Liability Company has 0.06% invested in Broadcom Limited (NASDAQ:AVGO). Cibc World Markets holds 0.21% or 91,394 shares in its portfolio. Moreover, Gemmer Asset Management Limited Com has 0.01% invested in Broadcom Limited (NASDAQ:AVGO). Scott Selber has 16,250 shares. Vantage Investment Advsr Limited Liability holds 0% or 42 shares in its portfolio. First Bank Of Omaha invested in 38,700 shares. Eqis Capital Mgmt Inc, a California-based fund reported 17,834 shares. Wagner Bowman Corporation holds 0.08% or 1,248 shares in its portfolio.

Broadcom Limited (NASDAQ:AVGO) Ratings Coverage

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Therefore 96% are positive. Avago Technologies Limited has $335.0 highest and $95.0 lowest target. $262.66’s average target is 1.06% above currents $259.9 stock price. Avago Technologies Limited had 169 analyst reports since August 4, 2015 according to SRatingsIntel. Sterne Agee CRT maintained the stock with “Buy” rating in Friday, June 3 report. Cowen & Co maintained the stock with “Buy” rating in Tuesday, October 10 report. Suntrust Robinson maintained the stock with “Buy” rating in Friday, June 3 report. The rating was maintained by Cowen & Co with “Buy” on Thursday, August 10. Canaccord Genuity maintained the shares of AVGO in report on Tuesday, August 22 with “Buy” rating. The stock of Broadcom Limited (NASDAQ:AVGO) has “Overweight” rating given on Tuesday, August 30 by Barclays Capital. The firm has “Buy” rating given on Monday, September 21 by Zacks. BMO Capital Markets maintained the shares of AVGO in report on Monday, November 20 with “Outperform” rating. The company was downgraded on Monday, August 24 by Drexel Hamilton. The rating was maintained by KeyBanc Capital Markets on Friday, August 25 with “Overweight”.

The stock increased 0.70% or $1.8 during the last trading session, reaching $259.9. About 612,370 shares traded. Broadcom Limited (NASDAQ:AVGO) has risen 64.00% since December 27, 2016 and is uptrending. It has outperformed by 47.30% the S&P500.

Analysts await Broadcom Limited (NASDAQ:AVGO) to report earnings on March, 7. They expect $4.33 EPS, up 35.74 % or $1.14 from last year’s $3.19 per share. AVGO’s profit will be $1.86 billion for 15.01 P/E if the $4.33 EPS becomes a reality. After $4.17 actual EPS reported by Broadcom Limited for the previous quarter, Wall Street now forecasts 3.84 % EPS growth.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The company has market cap of $111.80 billion. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. It has a 64.72 P/E ratio. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

More notable recent Broadcom Limited (NASDAQ:AVGO) news were published by: Investorplace.com which released: “Broadcom Ltd (AVGO) Tops Profit, Revenue Expectations” on December 06, 2017, also Bizjournals.com with their article: “Brocade to cut 300 jobs in San Jose after $5.9B Broadcom acquisition” published on November 29, 2017, Nasdaq.com published: “Broadcom Ltd (AVGO) Files 10-K for the Fiscal Year Ended on October 31, 2017” on December 21, 2017. More interesting news about Broadcom Limited (NASDAQ:AVGO) were released by: Bloomberg.com and their article: “Broadcom Delays Higher Qualcomm Bid Until Next Year” published on November 30, 2017 as well as Nasdaq.com‘s news article titled: “Broadcom Ltd. to Post 4th Quarter Results” with publication date: December 05, 2017.

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