Broadcom Limited (AVGO) Analysts See $3.92 EPS

Investors sentiment is 1 in Q2 2017. Its the same as in 2017Q1. It is flat, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes.

Broadcom Ltd (NASDAQ:AVGO) reported on its fourth quarter after today's close, topping expectations. CWA Asset Management Group LLC raised its holdings in Broadcom by 0.9% during the second quarter. Eqis Capital Management reported 0.21% stake. Gemmer Asset Mngmt Limited Company owns 94 shares.

Broadcom (NASDAQ BRCM) traded up $0.17 during trading hours on Wednesday, hitting $54.67.

Broadcom (NASDAQ:AVGO) opened at $261.65 on Monday. First Retail Bank Of Omaha accumulated 0.24% or 38,700 shares.

Broadcom (NASDAQ:AVGO) posted its earnings results on Wednesday. AVGO's profit would be $1.69B giving it 16.69 P/E if the $3.92 EPS is correct.

Broadcom's operating expenses for the quarter were $1.52 billion, topping the previous quarter expenses of $1.50 billion and the year-ago expenses of $1.79 billion. 3,811,700 shares of the company traded hands, compared to its average volume of 2,768,422. It has outperformed by 47.30% the S&P500. Therefore 96% are positive. This has been released in an analyst report on Monday, 4 December. The rating was maintained by Mizuho on Friday, June 2 with "Buy". Wells Fargo & Co reiterated a "market perform" rating and set a $222.50 target price (up previously from $165.00) on shares of Broadcom in a research report on Friday, March 3rd. The financial metric shows Broadcom Limited AVGO 's ability to yield profits before leverage instead of using leverage. Finally, Zacks Investment Research downgraded Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, August 17th. On Thursday, December 3 the stock rating was maintained by RBC Capital Markets with "Outperform". Five equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. Also, CEO Hock E. Tan sold 65,000 shares of the company's stock in a transaction on Monday, March 6th. Broadcom has an average rating of "Buy" and a consensus price target of $293.51.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide.

The company's gross margin for the period was $2.38 billion, or 49.2% of net revenue. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The current P/E Ratio for Broadcom Limited AVGO is valued at 216.61 that allows investors an understanding on the calculation of the market value of Broadcom Limited relative to its earnings. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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