Broadcom (AVGO) Now Covered by Analysts at Credit Suisse Group

Broadcom (AVGO) Now Covered by Analysts at Credit Suisse Group

SIRI's profit will be $183.84M for 35.00 P/E if the $0.04 EPS becomes a reality.

The results topped Wall Street expectations.

The stock decreased 2.44% or $0.14 during the last trading session, reaching $5.6. About 7.53M shares traded or 5.77% up from the average. Canaccord Genuity maintained Broadcom Limited (NASDAQ:AVGO) rating on Monday, July 10. It has outperformed by 8.88% the S&P500. The stock of Broadcom Limited (NASDAQ:AVGO) earned "Buy" rating by Goldman Sachs on Friday, June 3. Therefore 96% are positive. Analysts reported that the Price Target for Nielsen Holdings plc might touch $55 high while the Average Price Target and Low price Target is $43.39 and $29 respectively. The stock now has a consensus rating of "Buy" and an average target price of $293.51. Analysts expected earnings of $4.51 a share on sales of $4.82 billion, according to Zacks Investment Research. The stock has "Buy" rating by Cowen & Co on Friday, June 2. Craig Hallum restated a buy rating on shares of Broadcom in a report on Wednesday, September 13th. The company said on Monday it planned to field a slate of 11 nominees to Qualcomm's board, its first formal move towards a hostile bid for the USA chipmaker. Mitchell Mcleod Pugh Williams, Alabama-based fund reported 2,688 shares. RBC Capital Markets has "Top Pick" rating and $190 target. The firm earned "Buy" rating on Thursday, December 3 by Mizuho. The company presently has a consensus rating of "Buy" and an average price target of $228.54. Vetr downgraded Broadcom from a "buy" rating to a "hold" rating and set a $261.95 price objective for the company.in a report on Monday, September 4th. The firm has "Buy" rating given on Thursday, June 1 by Jefferies.

Broadcom raised its interim dividend by 72 percent quarter-on-quarter to Dollars 1.75 after revenues for its fourth quarter hit the high end of expectations and following a very strong fiscal 2017. Its the same as in 2017Q1. BlackRock Inc. boosted its position in shares of Broadcom by 3.5% during the second quarter. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $285.00 target price (up from $270.00) on shares of Broadcom in a research report on Saturday, August 26th.

Many analysts are providing their Estimated Earnings analysis for Nielsen Holdings plc and for the current quarter 12 analysts have projected that the stock could give an Average Earnings estimate of $0.8/share.

Broadcom Limited AVGO began its day with a share price of $263.89. 38,700 are owned by First Bancorp Of Omaha. Vantage Advsrs owns 12 shares for 0% of their portfolio. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer's stock worth $288,099,000 after buying an additional 26,246 shares during the last quarter. Cibc World invested 0.25% in Broadcom Limited (NASDAQ:AVGO). Scott & Selber has 16,550 shares. Ingalls & Snyder LLC now owns 1,331 shares of the semiconductor manufacturer's stock worth $310,000 after acquiring an additional 105 shares in the last quarter. Wagner Bowman Mgmt holds 0.08% of its portfolio in Broadcom Limited (NASDAQ:AVGO) for 1,248 shares. The firm has a market cap of $106,747.80, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05.

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.

It is common practice for investors to use the price-to-earnings ratio (P/E ratio or price multiple) to determine if a company's stock price is over or undervalued. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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