Vetr upgraded shares of Broadcom Limited (NASDAQ:AVGO) from a hold rating to a buy rating in a report released on Monday. The firm currently has $291.95 price objective on the semiconductor manufacturer’s stock.

Several other equities analysts also recently commented on the company. SunTrust Banks, Inc. upped their price objective on Broadcom Limited to $325.00 and gave the company a positive rating in a research note on Tuesday, November 7th. Mizuho restated a buy rating and set a $290.00 target price on shares of Broadcom Limited in a research report on Monday, November 6th. Drexel Hamilton restated a buy rating and set a $302.00 target price on shares of Broadcom Limited in a research report on Monday, November 6th. Oppenheimer Holdings, Inc. restated a buy rating and set a $275.00 target price on shares of Broadcom Limited in a research report on Monday, November 6th. Finally, Nomura restated a buy rating and set a $300.00 target price (up previously from $273.63) on shares of Broadcom Limited in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $284.31.

Broadcom Limited (NASDAQ:AVGO) opened at $265.60 on Monday. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $281.80. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $107,404.66, a P/E ratio of 19.90, a P/E/G ratio of 1.30 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating the consensus estimate of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the prior year, the business earned $2.89 earnings per share. Broadcom Limited’s revenue for the quarter was up 17.5% on a year-over-year basis. equities analysts expect that Broadcom Limited will post 13.91 EPS for the current year.

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In other Broadcom Limited news, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $247.83, for a total value of $4,956,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total transaction of $7,320,300.00. The disclosure for this sale can be found here. Insiders sold 81,788 shares of company stock worth $20,054,837 over the last three months. 3.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of AVGO. Harbour Capital Advisors LLC lifted its holdings in Broadcom Limited by 22,924.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock worth $6,569,000 after buying an additional 1,524,256 shares during the period. Janus Henderson Group PLC lifted its holdings in Broadcom Limited by 80.3% in the third quarter. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer’s stock worth $823,980,000 after buying an additional 1,512,956 shares during the period. Ameriprise Financial Inc. lifted its holdings in Broadcom Limited by 18.2% in the second quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after buying an additional 1,338,695 shares during the period. Jennison Associates LLC lifted its holdings in Broadcom Limited by 26.7% in the second quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after buying an additional 1,128,052 shares during the period. Finally, BlackRock Inc. lifted its holdings in Broadcom Limited by 3.5% in the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after buying an additional 798,982 shares during the period. Institutional investors and hedge funds own 90.11% 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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Broadcom Limited (NASDAQ:AVGO)

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