Broadcom Limited (AVGO) Given a $286.00 Price Target by Jefferies Group LLC Analysts

Jefferies Group LLC set a $286.00 target price on Broadcom Limited (NASDAQ:AVGO) in a research report sent to investors on Wednesday morning. The brokerage currently has a buy rating on the semiconductor manufacturer’s stock.

AVGO has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $285.00 price target on shares of Broadcom Limited in a research report on Wednesday, July 12th. Loop Capital reiterated a buy rating and set a $302.00 price target on shares of Broadcom Limited in a research report on Friday, August 25th. SunTrust Banks, Inc. reiterated a buy rating and set a $281.00 price target on shares of Broadcom Limited in a research report on Thursday, October 12th. Morgan Stanley reiterated a buy rating and set a $290.00 price target on shares of Broadcom Limited in a research report on Friday, August 25th. Finally, Bank of America Corporation reiterated a buy rating and set a $300.00 price target on shares of Broadcom Limited in a research report on Friday, October 6th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company. Broadcom Limited has an average rating of Buy and a consensus target price of $277.51.

Broadcom Limited (NASDAQ AVGO) traded down 0.78% during midday trading on Wednesday, reaching $242.09. 1,411,700 shares of the company’s stock were exchanged. The stock has a market cap of $98.77 billion, a PE ratio of 184.38 and a beta of 1.08. The firm has a 50 day moving average of $245.25 and a 200-day moving average of $240.11. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business earned $2.89 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts predict that Broadcom Limited will post $15.91 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Broadcom Limited (AVGO) Given a $286.00 Price Target by Jefferies Group LLC Analysts” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/19/broadcom-limited-avgo-given-a-286-00-price-target-by-jefferies-group-llc-analysts.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a $1.02 dividend. The ex-dividend date was Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.67%. Broadcom Limited’s payout ratio is 348.72%.

In related news, SVP Bryan Ingram sold 30,000 shares of Broadcom Limited stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of Broadcom Limited stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $246.48, for a total value of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 81,788 shares of company stock valued at $20,054,837 over the last quarter. 3.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spectrum Management Group Inc. increased its holdings in Broadcom Limited by 0.4% in the 2nd quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after buying an additional 10 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in Broadcom Limited by 0.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after buying an additional 10 shares in the last quarter. Private Trust Co. NA increased its holdings in Broadcom Limited by 0.7% in the 2nd quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock worth $460,000 after buying an additional 13 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Broadcom Limited by 1.4% in the 1st quarter. IHT Wealth Management LLC now owns 1,094 shares of the semiconductor manufacturer’s stock worth $238,000 after buying an additional 15 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in Broadcom Limited by 0.9% in the 2nd quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,

AVGO has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) reiterated a buy rating and set a $285.00 price target on shares of Broadcom Limited in a research report on Wednesday, July 12th. Loop Capital reiterated a buy rating and set a $302.00 price target on shares of Broadcom Limited in a research report on Friday, August 25th. SunTrust Banks, Inc. reiterated a buy rating and set a $281.00 price target on shares of Broadcom Limited in a research report on Thursday, October 12th. Morgan Stanley reiterated a buy rating and set a $290.00 price target on shares of Broadcom Limited in a research report on Friday, August 25th. Finally, Bank of America Corporation reiterated a buy rating and set a $300.00 price target on shares of Broadcom Limited in a research report on Friday, October 6th. One investment analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company. Broadcom Limited has an average rating of Buy and a consensus target price of $277.51.

Broadcom Limited (NASDAQ AVGO) traded down 0.78% during midday trading on Wednesday, reaching $242.09. 1,411,700 shares of the company’s stock were exchanged. The stock has a market cap of $98.77 billion, a PE ratio of 184.38 and a beta of 1.08. The firm has a 50 day moving average of $245.25 and a 200-day moving average of $240.11. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business earned $2.89 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts predict that Broadcom Limited will post $15.91 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Broadcom Limited (AVGO) Given a $286.00 Price Target by Jefferies Group LLC Analysts” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/19/broadcom-limited-avgo-given-a-286-00-price-target-by-jefferies-group-llc-analysts.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a $1.02 dividend. The ex-dividend date was Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.67%. Broadcom Limited’s payout ratio is 348.72%.

In related news, SVP Bryan Ingram sold 30,000 shares of Broadcom Limited stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of Broadcom Limited stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $246.48, for a total value of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 81,788 shares of company stock valued at $20,054,837 over the last quarter. 3.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spectrum Management Group Inc. increased its holdings in Broadcom Limited by 0.4% in the 2nd quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after buying an additional 10 shares in the last quarter. Peapack Gladstone Financial Corp increased its holdings in Broadcom Limited by 0.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after buying an additional 10 shares in the last quarter. Private Trust Co. NA increased its holdings in Broadcom Limited by 0.7% in the 2nd quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock worth $460,000 after buying an additional 13 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Broadcom Limited by 1.4% in the 1st quarter. IHT Wealth Management LLC now owns 1,094 shares of the semiconductor manufacturer’s stock worth $238,000 after buying an additional 15 shares in the last quarter. Finally, CWA Asset Management Group LLC increased its holdings in Broadcom Limited by 0.9% in the 2nd quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,000 after buying an additional 17 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

About Broadcom Limited

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. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Analyst Recommendations for Broadcom Limited (NASDAQ:AVGO)

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