Media coverage about Broadcom (NASDAQ:BRCM) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Broadcom earned a news impact score of 0.08 on Accern’s scale. Accern also assigned headlines about the semiconductor manufacturer an impact score of 45.6117834670011 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Separately, Goldman Sachs Group set a $336.00 target price on Broadcom and gave the company a “buy” rating in a research note on Monday, March 26th.
Shares of Broadcom remained flat at $$54.67 during midday trading on Thursday, according to MarketBeat.com. Broadcom has a twelve month low of $40.33 and a twelve month high of $58.51.
Broadcom Corporation (Broadcom) provides semiconductor solutions for wired and wireless communications. The Company offers a portfolio of system-on-a-chip solutions (SoCs) that deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. The Company’s solutions are used globally by manufacturers and are embedded in an array of communications products.
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