Also, SVP Bryan Ingram sold 13,207 shares of the company's stock in a transaction dated Wednesday, March 8th. The recent close goes a long way in suggesting that the stock price is being underpriced by a 26.95% compared to the most bullish target.
Other equities analysts also recently issued reports about the stock.
Broadcom Ltd shares were mostly flat in after-hours trading Wednesday following the report. Loop Capital raised their target price on Broadcom to $330.00 and gave the stock a "buy" rating in a report on Thursday. As per Friday, December 9, the company rating was maintained by Mizuho. The firm earned "Buy" rating on Friday, August 25 by Mizuho. The stock has "Buy" rating by Zacks on Monday, September 21. Five research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock now has a consensus rating of Buy and an average target price of $298.73.
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While looking at the Stock's Performance, Nielsen Holdings plc now shows a Weekly Performance of 1.01%, where Monthly Performance is 2.69%, Quarterly performance is -2.95%, 6 Months performance is -0.08% and yearly performance percentage is -10.8%. IFP Advisors Inc now owns 2,169 shares of the semiconductor manufacturer's stock worth $506,000 after acquiring an additional 257 shares in the last quarter. Broadcom has a 52-week low of $163.67 and a 52-week high of $285.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84.
Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold.
BP p.l.c. (BP) has so far tried and showed success to beat the consensus-estimated $0.5, with their earning staying at $0.57 per share. The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.84 billion. The Return on Equity (ROE) value stands at 12.2%. For the next year, analysts expect that the business will report sales of $17.94 billion per share, with estimates ranging from $17.5 billion to $19.33 billion. BlackRock Inc. boosted its position in shares of Broadcom by 3.5% during the second quarter. The net result, including the impact from discontinued operations, jumped to a profit of Dollars 1.894 billion or USD 4.27 per diluted share from a net loss of 1.861 billion or 4.86 per diluted share. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
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Broadcom earned an adjusted $4.59 a share, up 32% year over year, on sales of $4.84 billion, up 17%, in the quarter ended October 29. The disclosure for this sale can be found here. The stock is now showing its Return on Assets (ROA) value of 1.1 Percent. Finally, Carroll Financial Associates Inc. increased its holdings in shares of Broadcom by 59.0% during the third quarter. Cibc Ww Markets Corp owns 102,545 shares. The rating was maintained by Drexel Hamilton on Friday, September 2 with "Buy". Balasa Dinverno & Foltz Limited Liability Company has 1,640 shares for 0.06% of their portfolio. Shine Investment Advisory Services Inc. bought a new stake in shares of Broadcom during the second quarter valued at approximately $116,000. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer's stock worth $6,423,271,000 after purchasing an additional 793,335 shares in the last quarter.
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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.
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Broadcom makes chips for wired and wireless communications, enterprise storage, and industrial markets.