Short Interest to Follow: Broadcom Limited Ord (NASDAQ:AVGO) Could Improve Your Long Portfolio After Less Shorts Reported

November 25, 2016 - By Richard Conner   ·   0 Comments

Short Interest to Follow: Broadcom Limited Ord (NASDAQ:AVGO) Could Improve Your Long Portfolio After Less Shorts Reported

The stock of Broadcom Limited Ord (NASDAQ:AVGO) registered a decrease of 0.72% in short interest. AVGO’s total short interest was 4.43M shares in November as published by FINRA. Its down 0.72% from 4.46M shares, reported previously. With 1.87 million shares average volume, it will take short sellers 2 days to cover their AVGO’s short positions. The short interest to Broadcom Limited Ord’s float is 1.12%. The stock increased 0.03% or $0.06 on November 23, hitting $177.08. Broadcom Ltd (NASDAQ:AVGO) has risen 17.79% since April 22, 2016 and is uptrending. It has outperformed by 12.38% the S&P500.

Broadcom Limited is a semiconductor company. The company has a market cap of $70.38 billion. The Firm offers a range of products in end-markets, including wired infrastructure, wireless communications, enterprise storage, and industrial and others. It currently has negative earnings. The Company’s products are used in various applications, including data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays.

Insitutional Activity: The institutional sentiment increased to 1 in Q2 2016. Its up 0.53, from 0.47 in 2016Q1. The ratio is positive, as 11 funds sold all Broadcom Ltd shares owned while 4 reduced positions. 5 funds bought stakes while 2 increased positions. They now own 2.04 million shares or 19.41% less from 2.54 million shares in 2016Q1.
Scott And Selber accumulated 1.75% or 16,831 shares. Mitchell Mcleod Pugh & Williams Inc, a Alabama-based fund reported 2,045 shares. Quantitative Invest Mngmt Ltd Llc reported 10,300 shares or 0.07% of all its holdings. Cibc World Mkts Corporation has 26,277 shares for 0.11% of their US portfolio. Vantage Investment Advisors Ltd Co holds 0% or 12 shares in its portfolio. Janney Montgomery Scott Ltd Liability Corp owns 13,838 shares or 0.03% of their US portfolio. Department Mb Retail Bank N A, a Illinois-based fund reported 243 shares. Gemmer Asset Management Limited Co holds 0.01% or 87 shares in its portfolio. The Ohio-based Huntington State Bank has invested 0.01% in Broadcom Ltd (NASDAQ:AVGO). Lyrical Asset Mngmt L P has 6.3% invested in the company for 1.94 million shares. Eqis Management holds 0.1% of its portfolio in Broadcom Ltd (NASDAQ:AVGO) for 9,008 shares. Lmr Prns Llp last reported 0.51% of its portfolio in the stock.

Broadcom Ltd (NASDAQ:AVGO) Ratings Coverage

Out of 33 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 31 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 94% are positive. Avago Technologies Limited has been the topic of 80 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 2 by Deutsche Bank. The firm earned “Outperform” rating on Monday, April 18 by Cowen & Co. The stock has “Sell” rating given by Zacks on Monday, August 31. The stock of Broadcom Ltd (NASDAQ:AVGO) earned “Buy” rating by Canaccord Genuity on Friday, September 2. Topeka Capital Markets initiated the stock with “Hold” rating in Tuesday, February 16 report. As per Wednesday, October 5, the company rating was initiated by Bernstein. On Friday, August 12 the stock rating was initiated by Robert W. Baird with “Outperform”. The rating was initiated by Sterne Agee CRT on Wednesday, September 9 with “Buy”. The rating was maintained by Suntrust Robinson with “Buy” on Friday, June 3. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, December 3 report.

AVGO Company Profile

Broadcom Limited is a semiconductor company. The Firm offers a range of products in end-markets, including wired infrastructure, wireless communications, enterprise storage, and industrial and others. The Company’s products are used in various applications, including data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems, and displays. The Company’s product categories include broadband access and modems, enterprise and network processors, Ethernet communication and switching, set-top box and media processors, wireless infrastructure and wireless connectivity. The Company’s broadband access and modems category consists of products, such as Universal 1024 quadrature amplitude modulation (QAM) Modulator, Universal DOCSIS 2.0-Based Downstream Modulator, Dual Universal DOCSIS/EuroDOCSIS 2.0 Burst Receiver, DOCSIS/EuroDOCSIS 2.0-Based Cable Modem Termination System and QAMLink DOCSIS/EuroDOCSIS 2.0 Single-Chip Cable Modem.

More notable recent Broadcom Ltd (NASDAQ:AVGO) news were published by: Fool.com which released: “Better Buy: Qualcomm Inc vs. Broadcom Ltd.” on November 09, 2016, also Fool.com with their article: “Why Did Broadcom Ltd. Quit The Internet of Things?” published on May 09, 2016, Streetinsider.com published: “Broadcom Ltd. (AVGO) to Acquire Brocade (BRCD) in ~$5.9B Deal” on November 02, 2016. More interesting news about Broadcom Ltd (NASDAQ:AVGO) were released by: Fool.com and their article: “Broadcom Ltd Already a Big Winner From the Upcoming iPhone 7” published on September 06, 2016 as well as Profitconfidential.com‘s news article titled: “Broadcom Ltd: This Catalyst Could Boost AVGO Stock to $200” with publication date: September 30, 2016.

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By Richard Conner


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