Broadcom Limited (AVGO) Earns Daily News Sentiment Score of 0.15
Media stories about Broadcom Limited (NASDAQ:AVGO) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Broadcom Limited earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the semiconductor manufacturer an impact score of 45.7618078360206 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Stocks Worth Investment with Performance Assessment Front Line: Broadcom Limited (NASDAQ:AVGO) – NASDAQ Times (nasdaqtimes.com)
- Insider Selling: Broadcom Limited (AVGO) Insider Sells 20,000 Shares of Stock (americanbankingnews.com)
- Nvidia’s stock surges to another record after upbeat analyst comments (marketwatch.com)
- Broadcom Limited (AVGO) Rating Reiterated by J P Morgan Chase & Co (americanbankingnews.com)
Shares of Broadcom Limited (NASDAQ AVGO) opened at 239.24 on Friday. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $259.36. The company has a market capitalization of $97.60 billion, a price-to-earnings ratio of 182.21 and a beta of 1.07. The company’s 50 day moving average price is $249.11 and its 200 day moving average price is $236.86.
Broadcom Limited (NASDAQ:AVGO) last announced its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.07. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. On average, analysts predict that Broadcom Limited will post $15.92 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.71%. Broadcom Limited’s dividend payout ratio (DPR) is presently 348.72%.
Several analysts have weighed in on the company. UBS AG reaffirmed a “buy” rating and issued a $265.00 price target (up previously from $245.00) on shares of Broadcom Limited in a report on Monday, June 5th. B. Riley reaffirmed a “buy” rating and issued a $305.00 price target on shares of Broadcom Limited in a report on Saturday, August 26th. Vetr raised Broadcom Limited from a “hold” rating to a “buy” rating and set a $258.25 price target on the stock in a report on Monday, August 14th. BidaskClub cut Broadcom Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $260.00 price target on shares of Broadcom Limited in a report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $276.74.
In other news, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,788 shares of company stock worth $12,692,037 in the last ninety days. Insiders own 3.60% of the company’s stock.
About Broadcom Limited
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.
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