The firm now has a “buy” rating on the semiconductor manufacturer’s stock.
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The Company has received rating from WSJ analysts. Finally, SeaBridge Investment Advisors LLC boosted its stake in shares of Broadcom Limited by 0.4% in the fourth quarter. They issued a “buy” rating and a $175.00 price objective for the company. KeyBanc reaffirmed a “buy” rating on shares of Broadcom Limited in a report on Wednesday, March 2nd. Now ticker boasts 26 “Buy” endorsements, compared to 2 “Holds” and no “Sell”.
Analysts have consensus one year price target of $11.29. The stock is now up 9.62 on 454K shares. SeaBridge Investment Advisors LLC now owns 12,574 shares of the semiconductor manufacturer’s stock worth $1,825,000 after buying an additional 51 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Broadcom Limited during the first quarter valued at approximately $250,000. Origin Asset Management LLP raised its position in Broadcom Limited by 58.0% in the first quarter. The company has a market cap of $2.04 billion and the numbers of outstanding shares have been calculated to be 98.30 million shares. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The stock was sold at an average price of $157.43, for a total value of $90,994.54. The disclosure for this sale can be found here. It has twelve month low of $100.00 and twelve month high of $159.65. The firm has a market capitalization of $63.73 billion and a price-to-earnings ratio of 33.38. The stock’s price moved above its 200 day moving average of $140.73.
Broadcom Ltd (AVGO) on 2 June, 2016 reported financial results for the second quarter of its fiscal year 2016, ended May 1, 2016, and provided guidance for the third quarter of its fiscal year 2016.
Total quarterly GAAP revenue increased 119% year over year to $3,541 million but missed the Zacks Consensus Estimate of $3,550 million. Broadcom Limited’s revenue for the quarter was up 116.5% on a year-over-year basis.
The recent traded volume of 4.67 million shares higher than its average volume of 2.83 million shares. Equities analysts anticipate that Broadcom Limited will post $10.45 EPS for the current year.
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The developments followed the ouster of almost of all Broadcom Corp.’s management team, except for co-founder and Chief Technology Officer Henry Samueli, who retained his role and board seat. The company deals in both, Analog and Digital products and addressed four primary markets, namely, Wired Infrastructure, Wireless Communications, Enterprise Storage and others including Industrial Solutions. The companies’ products wind up in data centers, smart phones, alternative energy systems and other applications.
