Broadcom Ltd (AVGO) Tops Profit, Revenue Expectations

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Broadcom Ltd (AVGO) Tops Profit, Revenue Expectations

It has no change, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes.

Broadcom (NASDAQ BRCM) traded up $0.17 during trading hours on Wednesday, hitting $54.67.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the company's stock in a transaction dated Thursday, November 16th.

The long term debt/equity forBroadcom Limited (NASDAQ:AVGO) shows a value of 0.69 with a total debt/equity of 0.69. Vantage Advisors Ltd Co owns 12 shares. Susquehanna Bancshares boosted their target price on shares of Broadcom from $300.00 to $325.00 and gave the stock a "positive" rating in a report on Wednesday. First Retail Bank Of Omaha accumulated 0.24% or 38,700 shares. Mitchell Mcleod Pugh And Williams accumulated 0.48% or 2,688 shares. 16,550 are owned by Scott Selber Incorporated. It got $1.959B in cash from operations and $3.98B from issuing long-term debt, along with $440M from sale of real property.

Broadcom's operating expenses for the quarter were $1.52 billion, topping the previous quarter expenses of $1.50 billion and the year-ago expenses of $1.79 billion.

The stock decreased 0.74% or $1.96 during the last trading session, reaching $261.65. 25,521,600 shares of the stock were exchanged, compared to its average volume of 12,373,016. Broadcom Limited (avgo) has 0.00% since December 6, 2016 and is. It has outperformed by 47.30% the S&P500.

While looking at the Stock's Performance, Broadcom Limited now shows a Weekly Performance of -5.68%, where Monthly Performance is -4.38%, Quarterly performance is 4.92%, 6 Months performance is 2.9% and yearly performance percentage is 57.5%. Avago Technologies Limited had 155 analyst reports since August 4, 2015 according to SRatingsIntel. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The current value provides an indication to the investors the capital intensity of Broadcom Limited AVGO that will highly rely on the industry. The rating was maintained by Morgan Stanley on Monday, July 17 with "Overweight". Broadcom has an average rating of "Buy" and a consensus price target of $293.51. They set an "outperform" rating and a $335.00 target price on the stock. The rating was downgraded by Drexel Hamilton on Friday, August 7 to "Buy".

Analysts on average had expected earnings of $4.52 per share on revenue of $4.83 billion.

The company also forecast first-quarter revenue largely above analysts' estimates, boosted by its $5.5 billion acquisition of Brocade, which is expected to drive its business that caters to data centres.

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's P/E (price to earnings) ratio is 215 and Forward P/E ratio of 14.55. Sales in Broadcom's wireless-communications segment, which makes chips for iPhones and enterprise-storage units, grew 33% while sales in wired infrastructure, which still accounts for 45% of sales, edged up 3%.

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