Broadcom Jumps 4% on FYQ4 Beat, Higher Q1 View

The firm owned 55,411 shares of the semiconductor manufacturer's stock after selling 21,345 shares during the period.

Several other equities analysts also recently weighed in on the company. Confluence Wealth Management LLC raised its stake in Broadcom Limited by 1.1% in the fourth quarter. Honkamp Krueger Financial Services Inc. Wetherby Asset Management Inc. increased its position in Broadcom Limited by 3.4% in the fourth quarter. They now have a Dollars 240 price target on the stock. Monetary Management Group Inc. now owns 22,309 shares of the semiconductor manufacturer's stock valued at $3,944,000 after buying an additional 375 shares during the last quarter.

Broadcom Ltd. (AVGO) reported first quarter EPS of $3.63 after the close Wednesday, up from $2.41 in the prior year period. The stock had a trading volume of 2,188,904 shares. The stock's market capitalization is $84.16 billion. The firm has a 50-day moving average price of $200.49 and a 200-day moving average price of $179.83.

Avago Technologies Limited (NASDAQ:AVGO) 52-week high was $215.96 while $132.25 is the low hit through same period.

Broadcom Limited (NASDAQ:AVGO) issued its earnings results on Wednesday. After all, analysts raising estimates right before earnings-with the most up-to-date information possible-is a pretty good indicator of some favorable trends underneath the surface for BBY in this report.

Broadcom Limited (NASDAQ:AVGO) shows its Return on Assets (ROA) value of -4.3 percent, while the Return on Equity (ROE) value is -11 percent and Return on Investment (ROI) value stands at -3.6 percent. The business earned $4.15 billion during the quarter. Gross margin came in at 62.4%, up from a year-ago 61.1% and last quarter's 60.8%.

On 9/2/2016 Broadcom Limited announced a Quarterly dividend of $0.51 with an ex dividend date of 9/15/2016 which will be payable on 9/30/2016. If you are viewing this piece on another website, it was stolen and reposted in violation of United States & worldwide copyright and trademark legislation. "We expect AVGO to look for opportunistic acquisitions and think the pending deal of Brocade boosts its exposure to the high growth data center market and will support margin expansion". The latest reports which are outstanding on Wednesday 1st of March state 12 analysts have a rating of "strong buy", 20 analysts "buy", 1 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". Finally, Vetr upgraded Broadcom Limited from a "sell" rating to a "hold" rating and set a $195.55 price target for the company in a research note on Tuesday, January 31st. 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. Instinet lifted their target price on Broadcom Limited from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Monday.

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

Price Target plays a critical role when it comes to the Analysis of a Stock. Our recent 10 year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise almost 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here). Following the completion of the sale, the vice president now owns 42,884 shares in the company, valued at approximately $7,072,429.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The stock was sold at an average price of $212.26, for a total value of $117,582,276.04. The disclosure for this sale can be found here. Insiders sold a total of 8,062,228 shares of company stock valued at $1,452,854,725 in the last three months. Company insiders own 6.20% of the company's stock.

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.

  • Zachary Reyes