Broadcom Limited (NASDAQ:AVGO) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They currently have a $290.34 target price on the semiconductor manufacturer’s stock. Vetr‘s price objective would suggest a potential upside of 2.82% from the stock’s current price.

A number of other brokerages have also weighed in on AVGO. Mizuho restated a “buy” rating and set a $290.00 price objective on shares of Broadcom in a research report on Monday, November 6th. Drexel Hamilton restated a “buy” rating and set a $302.00 price objective on shares of Broadcom in a research report on Monday, November 6th. B. Riley restated a “buy” rating and set a $315.00 price objective on shares of Broadcom in a research report on Monday, November 20th. Royal Bank Of Canada reiterated a “buy” rating on shares of Broadcom in a research report on Friday, November 3rd. Finally, Jefferies Group LLC lifted their price target on Broadcom from $70.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $286.42.

Broadcom (AVGO) opened at $282.38 on Monday. The firm has a market capitalization of $115,205.11, a PE ratio of 21.34, a PEG ratio of 1.40 and a beta of 1.05. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom has a 12-month low of $160.62 and a 12-month high of $282.99.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.46 billion. Broadcom had a return on equity of 26.82% and a net margin of 3.12%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.89 earnings per share. sell-side analysts forecast that Broadcom will post 13.92 EPS for the current year.

In other Broadcom news, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.01, for a total value of $7,320,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The disclosure for this sale can be found here. In the last three months, insiders sold 104,383 shares of company stock valued at $25,949,184. 3.60% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Mountain Capital Investment Advisors Inc bought a new stake in shares of Broadcom during the second quarter valued at approximately $113,000. AllSquare Wealth Management LLC bought a new stake in shares of Broadcom during the third quarter valued at approximately $113,000. Shine Investment Advisory Services Inc. bought a new stake in shares of Broadcom during the second quarter valued at approximately $116,000. Tower Research Capital LLC TRC raised its stake in shares of Broadcom by 473.0% during the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after acquiring an additional 473 shares in the last quarter. Finally, Catamount Wealth Management bought a new stake in shares of Broadcom during the second quarter valued at approximately $140,000. 89.42% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/vetr-inc-lowers-broadcom-limited-avgo-to-hold/1728093.html.

About Broadcom

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 (NASDAQ:AVGO)

Receive News & Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.