Analyst Activity - Oppenheimer Holdings, Inc. Reiterates Outperform on Broadcom Limited (NASDAQ:AVGO)

Andrew Cummings
March 2, 2017

Year-to-date, AVGO had gained 21.50% prior to today's report, versus a 7.25% rise in the benchmark S&P 500 index during the same period. Swedbank acquired a new position in Broadcom Limited during the third quarter valued at $100,658,000.

Broadcom Limited (NASDAQ:AVGO)'s stock had its "outperform" rating reiterated by research analysts at Cowen and Company in a research note issued to investors on Monday. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Barclays PLC increased their price target on shares of Broadcom Limited from $215.00 to $230.00 and gave the company an "overweight" rating in a research report on Tuesday. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/02/27/insider-selling-broadcom-limited-avgo-director-sells-93696422-76-in-stock.html.

Also, insider Hock E. Tan sold 3,259 shares of the firm's stock in a transaction on Wednesday, December 7th.

The Irvine, CA-based semiconductor maker reported adjusted Q1 EPS of $3.63, which was $0.15 better than the Wall Street consensus estimate of of $3.48. According to these analysts, the Low Revenue Estimate for Broadcom Limited is 4.06 Billion and the High Revenue Estimate is 4.11 Billion. Broadcom Limited had a negative net margin of 13.13% and a positive return on equity of 22.77%.


Several other hedge funds have also recently made changes to their positions in AVGO. The stock's market capitalization is $83.93 billion.

2/17/2017 per share and the total transaction amounting to Lake (Offshore) Aiv Gp Silver. MKM Partners reaffirmed a "buy" rating and issued a $240.00 target price on shares of Broadcom Limited in a research report on Wednesday, February 22nd. The stock had a trading volume of 5,074,378 shares.

02/22/2017 - Rosenblatt Securities began new coverage on Avago Technologies Limited giving the company a " rating. During the same period in the previous year, the business earned $2.41 earnings per share. The stock was sold at an average price of $205.82, for a total transaction of $2,091,542.84. On average, analysts predict that Broadcom Limited will post $14.04 earnings per share for the current fiscal year. If you are accessing this article on another publication, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright law. The disclosure for this sale can be found here. Finally, Oppenheimer Holdings, Inc. reaffirmed an "outperform" rating and set a $215.00 price target (up previously from $200.00) on shares of Broadcom Limited in a research report on Sunday, December 11th.

While looking at the Stock's Performance, Broadcom Limited now shows a Weekly Performance of 1.36%, where Monthly Performance is 4.46%, Quarterly performance is 21.13%, 6 Months performance is 22.21% and yearly performance percentage is 62.68%. Over the last 90 days, insiders have sold 9,062,228 shares of company stock worth $1,664,133,424.


S&P Capital IQ has a Strong Buy rating with a price target of $210.

There are 2 hold ratings, 35 buy ratings, 2 strong buy ratings on the stock.

Broadcom is a leading designer of digital and analog semiconductor products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.


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