Broadcom Limited (NASDAQ:AVGO) had its target price upped by Royal Bank Of Canada from $300.00 to $315.00 in a research report report published on Monday morning, Marketbeat reports. They currently have a top pick rating on the semiconductor manufacturer’s stock.

AVGO has been the topic of several other reports. B. Riley boosted their target price on Broadcom Limited from $305.00 to $315.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Loop Capital reissued a buy rating and set a $302.00 target price on shares of Broadcom Limited in a research note on Friday, August 25th. SunTrust Banks, Inc. reissued a buy rating and set a $281.00 target price on shares of Broadcom Limited in a research note on Thursday, October 12th. Morgan Stanley reissued a buy rating and set a $290.00 target price on shares of Broadcom Limited in a research note on Friday, August 25th. Finally, Bank of America Corporation reissued a buy rating and set a $300.00 target price on shares of Broadcom Limited in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $286.47.

Broadcom Limited (NASDAQ:AVGO) opened at $275.37 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $281.80. The stock has a market capitalization of $112,345.29, a P/E ratio of 20.81, a PEG ratio of 1.36 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last posted its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. The business’s revenue was up 17.5% compared to the same quarter last year. sell-side analysts anticipate that Broadcom Limited will post 13.92 EPS for the current fiscal year.

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In other Broadcom Limited news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $260.03, for a total value of $5,200,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Bryan Ingram sold 10,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $240.62, for a total value of $2,406,200.00. The disclosure for this sale can be found here. Insiders sold 104,383 shares of company stock worth $25,949,184 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Broadcom Limited by 3.0% during the second quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock valued at $6,423,271,000 after purchasing an additional 793,335 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Broadcom Limited by 3.5% during the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after purchasing an additional 798,982 shares in the last quarter. State Street Corp lifted its holdings in shares of Broadcom Limited by 1.6% during the second quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock valued at $3,742,946,000 after purchasing an additional 255,044 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Broadcom Limited by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after purchasing an additional 1,338,695 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Broadcom Limited by 26.7% during the second quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock valued at $1,245,855,000 after purchasing an additional 1,128,052 shares in the last quarter. 89.42% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Broadcom Limited (NASDAQ:AVGO)

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