Recent Research Analysts’ Ratings Changes for Broadcom (AVGO)

A number of firms have modified their ratings and price targets on shares of Broadcom (NASDAQ: AVGO) recently:

  • 8/15/2019 – Broadcom was downgraded by analysts at Daiwa Capital Markets from a “buy” rating to a “neutral” rating.
  • 8/11/2019 – Broadcom had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $330.00 price target on the stock.
  • 8/9/2019 – Broadcom had its price target raised by analysts at KeyCorp from $310.00 to $330.00. They now have an “overweight” rating on the stock.
  • 8/3/2019 – Broadcom was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/1/2019 – Broadcom was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/24/2019 – Broadcom was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/23/2019 – Broadcom is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $320.00 price target on the stock.
  • 7/16/2019 – Broadcom was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/9/2019 – Broadcom was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/8/2019 – Broadcom was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/2/2019 – Broadcom was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 6/29/2019 – Broadcom was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

NASDAQ AVGO traded up $7.13 during mid-day trading on Wednesday, hitting $287.50. The stock had a trading volume of 1,895,133 shares, compared to its average volume of 2,817,971. The firm’s 50 day moving average is $283.88 and its 200 day moving average is $286.04. Broadcom Inc has a twelve month low of $204.68 and a twelve month high of $323.20. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.26 and a quick ratio of 1.13. The stock has a market capitalization of $108.98 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.34 and a beta of 0.92.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, June 13th. The semiconductor manufacturer reported $5.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.18 by $0.03. Broadcom had a return on equity of 32.81% and a net margin of 15.92%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the company earned $4.88 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, equities research analysts expect that Broadcom Inc will post 17.23 earnings per share for the current year.



In other news, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $292.16, for a total value of $5,843,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Bryan Ingram sold 13,466 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $278.78, for a total value of $3,754,051.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,388 shares of company stock worth $18,198,482. 3.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Broadcom by 9.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 395 shares of the semiconductor manufacturer’s stock valued at $119,000 after acquiring an additional 33 shares during the period. CRA Financial Services LLC boosted its stake in Broadcom by 2.0% in the 2nd quarter. CRA Financial Services LLC now owns 1,696 shares of the semiconductor manufacturer’s stock worth $488,000 after purchasing an additional 33 shares during the period. Lindbrook Capital LLC boosted its stake in Broadcom by 5.4% in the 1st quarter. Lindbrook Capital LLC now owns 662 shares of the semiconductor manufacturer’s stock worth $199,000 after purchasing an additional 34 shares during the period. Liberty Wealth Management LLC boosted its stake in Broadcom by 62.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 91 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 35 shares during the period. Finally, Tarbox Family Office Inc. boosted its stake in Broadcom by 20.2% in the 2nd quarter. Tarbox Family Office Inc. now owns 214 shares of the semiconductor manufacturer’s stock worth $62,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 83.13% of the company’s stock.

Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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