How Many Broadcom Limited (NASDAQ:AVGO)'s Analysts Are Bullish?

Carroll Financial Associates Inc. grew its stake in Broadcom by 59.0% in the 3rd quarter.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. Hedge funds and other institutional investors own 91.23% of the company's stock. AllSquare Wealth Management LLC acquired a new stake in Broadcom in the 3rd quarter valued at $113,000. The stock increased 2.03% or $1.65 during the last trading session, reaching $82.8. Ameriprise Financial Inc. boosted its stake in shares of Broadcom by 18.2% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc holds 0.47% or 2,648 shares in its portfolio. Tealwood Asset Management Inc. raised its stake in shares of Broadcom Limited by 0.4% in the second quarter. RBC Capital Markets restated a "top pick" rating and set a $200.00 target price on shares of Broadcom Limited in a research report on Wednesday, December 21st. Comparatively, AVGO posted earnings of $3.7 per share in the same quarter, a year earlier. Balentine LLC now owns 635 shares of the semiconductor manufacturer's stock valued at $148,000 after acquiring an additional 114 shares during the period. Tealwood Asset Management Inc. now owns 16,500 shares of the semiconductor manufacturer's stock worth $2,564,000 after buying an additional 60 shares during the period.

A number of brokerages recently issued reports on AVGO. SunTrust Banks restated a "buy" rating and set a $281.00 price target on shares of Broadcom in a research report on Thursday, October 12th. The rating was maintained by BMO Capital Markets on Friday, August 28 with "Outperform". Mizuho lifted their price target on shares of Broadcom Limited from $200.00 to $210.00 and gave the company a "buy" rating in a report on Friday, December 9th. The firm has "Buy" rating given on Thursday, December 7 by Craig Hallum. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average target price of $302.66. Zacks Investment Research cut shares of Broadcom from a "hold" rating to a "sell" rating in a research note on Wednesday, October 25th. The stock was sold at an average price of $259.85, for a total transaction of $5,402,021.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bryan Ingram sold 794 shares of the business's stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $180.00, for a total transaction of $64,260.00. The disclosure for this sale can be found here. The company was maintained on Tuesday, August 22 by Canaccord Genuity. Pacific Ridge Cap Ptnrs Limited Liability Company accumulated 463,171 shares or 1.48% of the stock.

Cibc Ww Corporation invested 0.21% of its portfolio in Broadcom Limited (NASDAQ:AVGO). The company has its outstanding shares of 411.00M. In the past 11-year record, this ratio went down as low as 2.24 and as high as 6.93.

Broadcom (NASDAQ AVGO) opened at $263.50 on Wednesday. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.84 billion. Broadcom had a net margin of 10.18% and a return on equity of 28.64%.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Broadcom Ltd (AVGO) now has a 14 day Williams %R of -51.56. The ex-dividend date of this dividend was Monday, December 18th. Adding a sixth ratio, shareholder yield, we can view the Value Composite 2 score which is now sitting at 63. After $0.91 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth.

Taking a deeper look into the technical levels of Broadcom Ltd (AVGO), we can see that the Williams Percent Range or 14 day Williams %R now sits at -55.82. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & global copyright & trademark law. The legal version of this piece can be read at It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The Company operates through four segments: wired infrastructure, wireless communications, enterprise storage, and industrial & other.