Published: Thu, December 07, 2017
Hi-Tech | By Ellis Neal

Broadcom tops estimates on strong wireless chip demand (AVGO, AAPL, 005930)

The share price volatility of the stock remained at 1.02% for the month and by reducing the timeframe to just a week, the volatility stood at 0.91%. It has outperformed by 47.30% the S&P500. CALX's SI was 1.22M shares in December as released by FINRA. Its down 0.03, from 0.98 in 2017Q1.

Market capitalization is the total market value of all of a company's outstanding shares. Therefore 96% are positive. The firm owned 299,227 shares of the semiconductor manufacturer's stock after buying an additional 3,713 shares during the quarter. The stock has "Buy" rating by Bank of America on Friday, July 21. Its down 16.42% from 3.87M shares previously.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 6th. Broadcom Limited has a twelve month low of $163.67 and a twelve month high of $285.68. The firm earned "Overweight" rating on Friday, June 3 by Morgan Stanley.

The stock increased 0.86% or $2.24 during the last trading session, reaching $263.89. 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.

In other news, CFO Thomas H. Krause sold 2,595 shares of the firm's stock in a transaction dated Thursday, November 16th. The rating was initiated by Bernstein with "Outperform" on Wednesday, October 5.

Amundi Pioneer Asset Management Inc. lifted its position in Broadcom Limited (NASDAQ:AVGO) by 15.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. (SIRI) has risen 25.58% since December 7, 2016 and is uptrending. Mitchell Mcleod Pugh Williams accumulated 0.48% or 2,688 shares. They expect that Broadcom Limited (AVGO) price will be reaching a mean target of $293.93 a share. Vetr upgraded shares of Broadcom from a "hold" rating to a "buy" rating and set a $258.25 target price for the company in a research note on Monday, August 14th. Nationwide Fund Advsrs reported 0.4% stake.

Gemmer Asset Mngmt owns 0.01% invested in Broadcom Limited (NASDAQ:AVGO) for 94 shares.

Among 3 analysts covering ePlus (NASDAQ:PLUS), 1 have Buy rating, 0 Sell and 2 Hold. $253.86's average target is -3.80% below currents $263.89 stock price. Finally, Zacks Investment Research lowered shares of Broadcom from a "buy" rating to a "hold" rating in a report on Thursday, August 17th. The firm has "Buy" rating given on Friday, June 3 by Suntrust Robinson. RBC Capital Markets maintained the shares of AVGO in report on Thursday, August 10 with "Buy" rating. Equities analysts predict that Broadcom will post $14.86 EPS for the current year. AVGO's profit would be $1.69B giving it 16.69 P/E if the $3.92 EPS is correct. First Commercial Bank Of Omaha owns 38,700 shares or 0.24% of their United States portfolio. Oppenheimer maintained the shares of AVGO in report on Sunday, August 20 with "Buy" rating.

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. The firm has a market cap of $106,747.80, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05.

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. RBC Capital Markets maintained the shares of AVGO in report on Thursday, August 10 with "Buy" rating. A company with higher PE ratio is more worthy against a company with lower PE ratio. The rating was maintained by Cowen & Co on Tuesday, July 25 with "Buy". The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Broadcom has made a $103 billion unsolicited bid for rival Qualcomm and on Monday laid out a slate of 11 nominees it wants to put on the company's board.

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