$3.92 EPS Expected for Broadcom Limited (AVGO)

Bloomberg’s Cory Johnson reports on Broadcom’s revenue forecast

Bloomberg’s Cory Johnson reports on Broadcom’s revenue forecast

The institutional investor owned 1,423,050 shares of the semiconductor manufacturer's stock after purchasing an additional 186,841 shares during the quarter. Its the same as in 2017Q1. It is flat, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes.

Many analysts are providing their Estimated Earnings analysis for Broadcom Limited and for the current quarter 26 analysts have projected that the stock could give an Average Earnings estimate of $4.52/share.

Broadcom (NASDAQ BRCM) traded up $0.17 during trading hours on Wednesday, hitting $54.67. The Alabama-based Mitchell Mcleod Pugh & Williams Inc has invested 0.48% in Broadcom Limited (NASDAQ:AVGO). Pennsylvania-based Vantage has invested 0% in Broadcom Limited (NASDAQ:AVGO). First Retail Bank Of Omaha accumulated 0.24% or 38,700 shares.

Broadcom Limited (AVGO) will report its next earnings on Dec 06 AMC.

In related news, CFO Thomas H. Krause sold 2,595 shares of Broadcom stock in a transaction on Thursday, November 16th. Corporate insiders own 3.60% of the company's stock. AllSquare Wealth Management LLC acquired a new position in shares of Broadcom during the 3rd quarter worth approximately $113,000. It got $1.959B in cash from operations and $3.98B from issuing long-term debt, along with $440M from sale of real property. After having $3.73 EPS previously, Broadcom Limited's analysts see 5.09 % EPS growth.

The stock decreased 0.74% or $1.96 during the last trading session, reaching $261.65.

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. Broadcom earned a media sentiment score of 0.34 on Accern's scale. It has outperformed by 47.30% the S&P500.

They now have a $320 target price per share on Broadcom Limited (avgo). Avago Technologies Limited had 155 analyst reports since August 4, 2015 according to SRatingsIntel. The current value provides an indication to the investors the capital intensity of Broadcom Limited AVGO that will highly rely on the industry. The stock presently has an average rating of "Buy" and an average target price of $291.42. KeyBanc Capital Markets has "Overweight" rating and $290 target. Finally, Zacks Investment Research downgraded Broadcom from a "buy" rating to a "hold" rating in a research note on Thursday, August 17th.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The firm's market cap is $96.12 billion. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The current P/E Ratio for Broadcom Limited AVGO is valued at 216.61 that allows investors an understanding on the calculation of the market value of Broadcom Limited relative to its earnings. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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