Broadcom Limited Ord (NASDAQ:AVGO)'s Trend Up, Especially After Decreased Shorts


Stock under Analysis: Broadcom Limited (AVGO)

According to these analysts, the Low Revenue Estimate for Nielsen Holdings plc is 1.73 Billion and the High Revenue Estimate is 1.77 Billion.

Net income attributable to ordinary shares was $636 million, or $1.50 per share, in the fourth quarter ended October 29, compared with a loss of $632 million, or $1.59 per share, a year earlier. Zacks' sales averages are a mean average based on a survey of research analysts that follow Broadcom.

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The company's wireless communications business, which supplies components such as Wi-Fi chips, chalked up revenue growth of 33 per cent to US$1.8 billion in the fiscal fourth quarter. The stock has "Buy" rating by Bernstein on Thursday, December 7. The business is scheduled to announce its next earnings report after the market closes on Thursday, June 1st. The company reported the earnings of $0.73/Share in the last quarter where the estimated EPS by analysts was $0.69/share. The Return on Equity (ROE) and Return on Investment values are 2.7 percent and -3.6 percent respectively. During the same period previous year, the business earned $2.41 EPS. The firm's revenue for the quarter was up 17.1% compared to the same quarter a year ago. A number of brokerages recently issued reports on AVGO. The stock now has a consensus rating of "Buy" and an average target price of $293.51.

Broadcom's move came after Qualcomm rejected its $70 per share bid, saying the offer undervalued the company and would face regulatory hurdles. Wells Fargo & Co reissued a "market perform" rating and issued a $222.50 price target (up from $165.00) on shares of Broadcom in a research report on Friday, March 3rd. Robert W. Baird restated an outperform rating and set a $290.00 price target (up from $260.00) on shares of Broadcom in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The firm earned "Overweight" rating on Friday, June 3 by Morgan Stanley. Also, insider Hock E. Tan sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, September 15th. The average volume for the existing shares outstanding is 3045.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The shares were sold at an average price of $240.62, for a total value of $2,406,200.00. The stock's average target of $4.76 is -15.00% below today's ($5.6) share price. The disclosure for this sale can be found here. That activity is comparable to their recent volume average trend of almost 2.99 million shares which they recorded over a period of three months. IFP Advisors Inc grew its stake in Broadcom by 13.4% during the 2nd quarter. Tower Research Capital LLC TRC increased its holdings in shares of Broadcom by 473.0% during the second quarter.

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Additionally, BRCM announced a quarterly, interim cash dividend of $1.75 per share. Finally, Vanguard Group Inc. boosted its position in shares of Broadcom by 3.0% during the second quarter. Carroll Financial Associates Inc. now owns 593 shares of the semiconductor manufacturer's stock valued at $144,000 after acquiring an additional 220 shares in the last quarter. 407 are owned by Harvest Cap Incorporated. Craig Hallum restated a buy rating on shares of Broadcom in a report on Wednesday, September 13th. 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 in the last quarter. Broadcom has a 52-week low of $163.67 and a 52-week high of $285.68. Now the price is sitting at 0.52% higher than its 50 days moving average.

It's worth it to have a look at Broadcom Limited (NASDAQ:AVGO) as there may be a chasm between the bulls and the bears as far as recent trading activity goes.

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