Broadcom (AVGO) Earns Buy Rating from B. Riley

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The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Everett Harris & Company increased Amazon.Com (AMZN) stake by 9.73% reported in 2017Q2 SEC filing. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer's stock worth $1,245,855,000 after purchasing an additional 1,128,052 shares during the period. UTX's profit will be $1.25B for 19.42 P/E if the $1.56 EPS becomes a reality. About 43,985 shares traded. ePlus inc. Broadcom Limited (NASDAQ:AVGO) has risen 64.00% since December 7, 2016 and is uptrending. It has outperformed by 20.71% the S&P500. For more analysis on Broadcom and its peers, visit the IBD Stock Checkup.

Broadcom also provided an upbeat outlook in its current quarter, forecasting revenue between $5.22 billion and $5.37 billion. Avago Technologies Limited has $335.0 highest and $95.0 lowest target. The company now has an average rating of "Buy" and an average target price of $293.51. AVGO was included in 11 notes of analysts from August 29, 2016. The firm earned "Buy" rating on Friday, June 3 by Drexel Hamilton. The company was maintained on Thursday, October 22 by Pivotal Research.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 1.7 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. RBC Capital Markets maintained the shares of AVGO in report on Thursday, August 10 with "Buy" rating. On Thursday, August 10 the stock rating was maintained by RBC Capital Markets with "Buy". First Bancorporation Of Omaha reported 0.24% in Broadcom Limited (NASDAQ:AVGO). Oppenheimer Holdings Inc. restated an outperform rating and set a $275.00 target price (up previously from $240.00) on shares of Broadcom in a report on Friday.

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Shares of Broadcom (NASDAQ:AVGO) traded up $3.70 during trading hours on Monday, hitting $267.59. The stock increased 0.76% or $0.91 during the last trading session, reaching $121.2. Year to Date (YTD) performance of Broadcom Limited (AVGO) is 48.02 percent while its Performance (Week) is -5.68 percent and Performance (month) is at -4.38 percent. It has outperformed by 6.29% the S&P500.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $3.69 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $3.50 by $0.19. AVGO's profit would be $1.69B giving it 16.69 P/E if the $3.92 EPS is correct. During the same period in the previous year, the firm earned $3.47 EPS. sell-side analysts anticipate that Broadcom will post 13.93 earnings per share for the current year. Paloma Prns Mngmt holds 0.11% of its portfolio in United Technologies Corporation (NYSE:UTX) for 78,101 shares. Scott And Selber holds 2.33% of its portfolio in Broadcom Limited (NASDAQ:AVGO) for 16,550 shares. GSA Capital Partners LLP now owns 17,928 shares of the semiconductor manufacturer's stock worth $4,348,000 after purchasing an additional 961 shares during the period. The Everett Harris & Company holds 39,833 shares with $38.56M value, up from 36,300 last quarter. Five research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. Therefore 96% are positive. Finally, Morgan Stanley reissued a "buy" rating and issued a $290.00 price target on shares of Broadcom in a report on Friday, August 25th. KeyBanc Capital Markets maintained Broadcom Limited (NASDAQ:AVGO) on Monday, August 21 with "Buy" rating. Sidoti downgraded ePlus inc. Stifel Nicolaus maintained ePlus inc. Stifel Nicolaus has "Hold" rating and $75.0 target. Jefferies has "Buy" rating and $180 target.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the stock in a transaction that occurred on Thursday, November 16th. As per Tuesday, October 25, the company rating was maintained by UBS. The companyÂ's products include lateral flow rapid HIV tests and Dual Path Platform (DPP) HIV 1/2 Assay Test, which detect antibodies to HIV 1 and 2 with visually interpreted results; a DPP HIV-Syphilis multiplex test for the detection of antibodies to HIV and syphilis; and a test for the detection of Hepatitis-C.

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