Harbour Capital Advisors LLC Increases Stake in Broadcom Limited (NASDAQ:AVGO)

Thursday, 07 Dec, 2017

Five research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company's stock.

The stock decreased 0.74% or $1.96 during the last trading session, reaching $261.65. Broadcom Limited (avgo) has 0.00% since December 6, 2016 and is. Barclays boosted their target price on shares of Broadcom from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Wednesday, October 18th. Avago Technologies Limited had 155 analyst reports since August 4, 2015 according to SRatingsIntel. Mitchell Mcleod Pugh & Williams Inc owns 2,688 shares or 0.48% of their United States portfolio. After having $3.73 EPS previously, Broadcom Limited's analysts see 5.09 % EPS growth. The stock now has a consensus rating of "Buy" and an average price target of $293.51.

The Relative Volume of the company is 1.28 and Average Volume (3 months) is 2.97 million. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the firm's stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The disclosure for this sale can be found here. Also, SVP Charlie B. Kawwas sold 1,788 shares of the stock in a transaction dated Monday, September 11th. Capital Research Global Investors is the second biggest holder with 30 million shares now valued at 6.91 B million whilst Vanguard Group Inc has 28 million shares valued at 6.42 B million. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer's stock valued at $134,000 after purchasing an additional 473 shares during the period. It is flat, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes. Finally, Catamount Wealth Management acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $140,000. First Bancorporation Of Omaha reported 0.24% of its portfolio in Broadcom Limited (NASDAQ:AVGO). During the same quarter in the prior year, the business earned $3.47 earnings per share. The company reported the earnings of $4.1/Share in the last quarter where the estimated EPS by analysts was $4.03/share.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Tower Research Capital LLC TRC raised its stake in Broadcom by 473.0% during the 2nd quarter. Jennison Associates LLC now owns 4,201,357 shares of the semiconductor manufacturer's stock worth $919,929,000 after buying an additional 3,782,991 shares in the last quarter. Institutional investors and hedge funds own 88.99% of the company's stock. Scott And Selber reported 2.33% in Broadcom Limited (NASDAQ:AVGO). These holdings make up 59.69% of the company's outstanding shares. Broadcom accounts for 1.1% of Amundi Pioneer Asset Management Inc.'s portfolio, making the stock its 23rd largest position. The stock has a 50-day moving average price of $229.63 and a 200 day moving average price of $205.19.

Market capitalization is the total market value of all of a company's outstanding shares. Broadcom also was the recipient of some unusual options trading activity on Tuesday. The semiconductor manufacturer reported $4.59 EPS for the quarter, beating the Zacks' consensus estimate of $4.49 by $0.10. The Return on Equity (ROE) value stands at 2.7%.

Revenue from its wireless communications business jumped 33.4 percent to $1.80 billion. Analysts surveyed by Zacks had expected revenue of $4.82 billion. Broadcom Limited has a 1-year low of $163.67 and a 1-year high of $285.68.