The Piedmont Investment Advisors LLC Cuts Position in Broadcom Limited (AVGO)

Saturday, 23 Dec, 2017

The other 21 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Vetr lowered Broadcom from a "buy" rating to a "hold" rating and set a $290.34 price objective for the a research note on Monday, November 27th. Jefferies Group LLC reissued a "buy" rating and issued a $260.00 target price on shares of Broadcom Limited in a report on Friday, April 7th. Nomura boosted their target price on Broadcom to $330.00 and gave the stock a "buy" rating in a report on Friday, December 8th. Mizuho reissued a "buy" rating and issued a $265.00 target price (up from $250.00) on shares of Broadcom Limited in a report on Sunday, May 28th. Four investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company. This formula was popularized by Peter Lynch and according to his calculations, a stock which is fairly valued will have a price to earnings ratio equal to its rate of growth.

Focusing in on the valuation of Broadcom Limited (NASDAQ:AVGO), we can take a look at several ratios. The company has a market capitalization of $108,375.66, a price-to-earnings ratio of 18.45, a PEG ratio of 1.14 and a beta of 1.05. The company now has Return on Equity of 25.20%. Broadcom Limited has a 52 week low of $173.31 and a 52 week high of $285.68.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, June 1st. The semiconductor manufacturer reported $4.59 EPS for the quarter, beating analysts' consensus estimates of $4.52 by $0.07. A key indicator that can help investors determine if a stock might be a quality investment is the Return on Equity or ROE. The company had revenue of $4.84 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same period last year, the company posted $3.47 EPS. sell-side analysts predict that Broadcom will post 16.99 EPS for the current year. Shareholders of record on Tuesday, December 19th will be given a dividend of 1.75 per share by the semiconductor manufacturer on Friday, December 29th. The ex-dividend date was Thursday, June 15th. This is an increase from Broadcom's previous quarterly dividend of $1.02. The dividend yield of Broadcom Ltd stocks is 1.84%. Broadcom Limited now has a PEG ratio of 13.74.Most importantly investors want to know where the stock is headed from here. The stock was sold at an average price of $259.85, for a total value of $5,402,021.65.

The rejections were revealed in the preliminary proxy statement filed Friday with the Securities and Exchange Commission in connection with Qualcomm's upcoming 2018 annual meeting.

In related news, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction on Monday, October 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here.

The Relative Volume of the company is 0.61 and Average Volume (3 months) is 3.23 million.

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