ValuEngine lowered shares of Broadcom (NASDAQ:AVGO) from a buy rating to a hold rating in a research note released on Friday.
AVGO has been the subject of several other research reports. B. Riley lifted their price target on Broadcom from $305.00 to $315.00 and gave the company a buy rating in a research note on Thursday, November 2nd. BMO Capital Markets assumed coverage on Broadcom in a research note on Monday, November 20th. They issued an outperform rating and a $330.00 price target for the company. Loop Capital restated a buy rating and issued a $302.00 price target on shares of Broadcom in a research note on Friday, August 25th. SunTrust Banks reiterated a buy rating and issued a $281.00 price objective on shares of Broadcom in a report on Thursday, October 12th. Finally, Morgan Stanley reiterated a buy rating and issued a $290.00 price objective on shares of Broadcom in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $290.42.
Broadcom (AVGO) opened at $263.61 on Friday. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60. Broadcom has a 52 week low of $162.40 and a 52 week high of $285.68. The firm has a market capitalization of $107,550.00, a PE ratio of 20.53, a P/E/G ratio of 1.30 and a beta of 1.05.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Broadcom by 3.0% in 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 acquiring an additional 793,335 shares during the last quarter. BlackRock Inc. lifted its holdings in Broadcom by 3.5% in the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after acquiring an additional 798,982 shares during the last quarter. State Street Corp lifted its holdings in Broadcom by 1.6% in 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 acquiring an additional 255,044 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Broadcom by 18.2% in 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 acquiring an additional 1,338,695 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Broadcom by 26.7% in 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 acquiring an additional 1,128,052 shares during the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Broadcom (AVGO) Downgraded by ValuEngine to “Hold”” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/12/05/broadcom-avgo-downgraded-by-valuengine-to-hold.html.
Broadcom Company Profile
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 ValuEngine’s full report, visit ValuEngine’s official website.
What are top analysts saying about Broadcom Limited? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Broadcom Limited and related companies.