Broadcom Limited (AVGO) Holdings Boosted by First Republic Investment Management Inc

Broadcom profit beats as Qualcomm takeover fight intensifies

The rating was maintained by Drexel Hamilton on Friday, September 2 with "Buy".

In other Broadcom news, SVP Bryan Ingram sold 30,000 shares of the business's stock in a transaction on Thursday, September 14th. The firm has "Buy" rating given on Thursday, December 7 by Bernstein. BidaskClub lowered Broadcom from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 11th. The rating was maintained by BMO Capital Markets with "Outperform" on Friday, August 28. The company was maintained on Friday, June 2 by DA Davidson. Finally, Cowen and Company reissued an "outperform" rating and issued a $240.00 price target (up from $210.00) on shares of Broadcom in a research report on Monday, February 27th. Consider that all 24 analysts polled rate a Buy on Broadcom stock. The firm earned "Buy" rating on Wednesday, October 18 by Jefferies.

With a total market value of $0, Broadcom has price-earnings ratio of 192.61 with a one year low of $160.62 and a one year high of $259.36.

The (Simple Month Average) SMA20 is at -3.9 percent, its SMA50 Value is 1.66% and SMA200 value is reported as 8.57 Percent. With 9,800 avg volume, 12 days are for Chembio Diagnostics Incorporated (NASDAQ:CEMI)'s short sellers to cover CEMI's short positions. The SI to Calix Incorporated's float is 3.06%.

The stock increased 2.20% or $5.8075 during the last trading session, reaching $269.6975. About 6.90M shares traded or 126.96% up from the average. Chembio Diagnostics, Inc. (NASDAQ:CEMI) has declined 22.25% since December 7, 2016 and is downtrending. It has underperformed by 10.81% the S&P500.

Broadcom has had preliminary discussions with regulators and expects to be able to get a deal for Qualcomm closed within about a year of signing of an agreement, chief financial officer Tom Krause said on a conference call about the earnings. AVGO's profit would be $1.69 billion giving it 16.83 P/E if the $3.92 EPS is correct.

Investors sentiment is 1 in 2017 Q2. Its the same as in 2017Q1. During the same period last year, the business earned $3.47 EPS. sell-side analysts predict that Broadcom Limited will post 13.93 earnings per share for the current year. Broadcom reported sales of $3.54 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 15.8%. Vantage Invest Advisors Limited Liability Co holds 12 shares or 0% of its portfolio. Moreover, Wagner Bowman Mgmt has 0.08% invested in Broadcom Limited (NASDAQ:AVGO).

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Davis R M Inc. now owns 1,814 shares of the semiconductor manufacturer's stock worth $423,000 after acquiring an additional 81 shares in the last quarter. About 2.61M shares traded. Paloma Prns Mngmt holds 0.11% of its portfolio in United Technologies Corporation (NYSE:UTX) for 78,101 shares.

16,082 were accumulated by Eqis Capital.

With its market cap stated above, the dividend yield for Broadcom Limited, AVGO is 1.55%. The company has market cap of $116.02 billion.

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 26.75 and Forward P/E ratio of 14.44. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

The stock increased 0.10% or $0.25 during the last trading session, reaching $264.14.

Net income attributable to ordinary shares was $636 million, or $1.50 per share, in the fourth quarter ended October 29, compared with a loss of $632 million, or $1.59 per share, a year earlier. Broadcom Limited (AVGO) has the market capitalization of 104.28 Billion.

The company, whose WiFi chips are found in Apple Inc's (AAPL.O) iPhone and most Android phones, forecast current-quarter revenue of $5.30 billion (£4 billion), plus or minus $75 million.

Related:

  • Philadelphia 76ers trade Jahlil Okafor to Nets

    Philadelphia 76ers trade Jahlil Okafor to Nets

    After completely falling out of the rotation, former No. 3 overall draft pick Jahlil Okafor wanted out of Philadelphia. He now joins D'Angelo Russell, the No. 2 pick in that draft, on a Nets roster with some intriguing young talent.
    President Trump Was Named Time's

    President Trump Was Named Time's "Runner-Up" Person Of The Year

    This time , it's about the collective voices that have irrevocably changed our culture. There is also a person to the right of the cover whose face can not be seen.
    Senators Question Facebook Over Messaging App For Kids

    Senators Question Facebook Over Messaging App For Kids

    The company said it believes the new app will provide a "fun, safer solution" for children to communicate with family and friends. Facebook says it created Messenger Kids to fill a need for a messaging app for children that gives parents full control.
  • Hammerson and Intu strike £3.4bn deal

    Hammerson and Intu strike £3.4bn deal

    The new company will be led by David Atkins, chief executive, and Timon Drakesmith, chief financial officer. Hammerson will continue to use the " intu " consumer brand within its shopping centre portfolio.
    Lindsey Vonn says she'll represent U.S.  at Winter Olympics, but not Trump

    Lindsey Vonn says she'll represent U.S. at Winter Olympics, but not Trump

    In an interview with CNN , Vonn said that she wants to "represent the people of the United States, not the President". "And I don't think that there are a lot of people now in our government that do that", she said.
    SC officer sentenced; judge says shooting unarmed motorist was murder

    SC officer sentenced; judge says shooting unarmed motorist was murder

    The video quickly ricocheted around the internet and on news stations, and Slager was arrested and fired from his police force. Slager told Morgan that he didn't remember Walter Scott being on top of him, but believed he was tased by Scott.
  • Devin Booker's injury could have wide-ranging effects

    Devin Booker's injury could have wide-ranging effects

    Booker was wheeled through the airport in Toronto after the game - and while he didn't say much, you can see he looks pretty sad. Booker is one of the few reasons to watch the team play as now constructed because he's blossoming into an offensive star.

    Pearson (LON:PSON) Stock Rating Reaffirmed by Kepler Capital Markets

    The stock was acquired at an average cost of GBX 1,442 ($19.41) per share, for a total transaction of £288,400 ($388,156.12). Globeflex Capital LP increased Spark Energy Cl A Ord (SPKE) stake by 92.42% reported in 2017Q2 SEC filing.
    Al Franken Is Out

    Al Franken Is Out

    Franken quit just a day after new allegations brought the number of women alleging misconduct by him to at least eight. But they had lost patience with the growing tally of allegations and paved the path for Mr Franken's exit.
  • Nissan to test their self-driving auto  service in Japan 2018

    Nissan to test their self-driving auto service in Japan 2018

    Let us know how comfortable you feel riding in a driverless taxi even if it's a Nissan Leaf or Tesla Model S. Four years ago, Nissan Nissan CEO Carlos Ghosn had ambition to launch Nissian's autopilot vehicle by 2020.
    Clinton was warned about Weinstein by Lena Dunham

    Clinton was warned about Weinstein by Lena Dunham

    Both Schake and Elrod told The Times in a statement that Dunham had never mentioned rape in regards to Weinstein. Some of his accusers said Weinstein began masturbating or showering in front of them.
    Stokes, Hales named in England ODI squad

    Stokes, Hales named in England ODI squad

    He was subsequently overlooked during the selection of the squad for the Ashes , which England now trail 0-2. Meanwhile the first one-day worldwide between England and Australia takes place on January 15 in Melbourne.

Comments

Other news