Noteworthy Ownership Action: Avago Technologies LTD (NASDAQ:AVGO) Quarterly Sentiment Report

November 28, 2016 - By Vivian Park   ·   0 Comments

Noteworthy Ownership Action: Avago Technologies LTD (NASDAQ:AVGO) Quarterly Sentiment Report

Sentiment for Avago Technologies LTD (NASDAQ:AVGO)

Avago Technologies LTD (NASDAQ:AVGO) institutional sentiment increased to 1 in Q2 2016. Its up 0.53, from 0.47 in 2016Q1. The ratio is better, as 7 funds opened new and increased stock positions, while 15 reduced and sold stock positions in Avago Technologies LTD. The funds in our partner’s database now possess: 2.04 million shares, down from 2.54 million shares in 2016Q1. Also, the number of funds holding Avago Technologies LTD in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 11 Reduced: 4 Increased: 2 New Position: 5.

Broadcom Limited is a semiconductor company. The company has a market cap of $70.10 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.

The stock decreased 0.19% or $0.33 on November 25, hitting $176.75. Broadcom Ltd (NASDAQ:AVGO) has risen 18.54% since April 25, 2016 and is uptrending. It has outperformed by 12.53% the S&P500.

Analysts await Broadcom Ltd (NASDAQ:AVGO) to report earnings on December, 8 after the close. They expect $2.88 earnings per share, up 23.61% or $0.55 from last year’s $2.33 per share. AVGO’s profit will be $1.14B for 15.34 P/E if the $2.88 EPS becomes a reality. After $2.47 actual earnings per share reported by Broadcom Ltd for the previous quarter, Wall Street now forecasts 16.60% EPS growth.

According to Zacks Investment Research, “Broadcom Limited is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides 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. It serves wired infrastructure, wireless communications, enterprise storage and industrial & other market. Broadcom Limited, formerly known as Avago Technologies Limited, is headquartered in Singapore.”

Lyrical Asset Management Lp holds 6.3% of its portfolio in Broadcom Ltd for 1.94 million shares. Scott & Selber Inc. owns 16,831 shares or 1.75% of their US portfolio. Moreover, Lmr Partners Llp has 0.51% invested in the company for 21,306 shares. The Alabama-based Mitchell Mcleod Pugh & Williams Inc has invested 0.29% in the stock. Cibc World Markets Corp, a New York-based fund reported 26,277 shares.#img1#

Broadcom Ltd (NASDAQ:AVGO) Ratings Coverage

Ratings analysis reveals 94% of Avago Technologies Limited’s analysts are positive. Out of 33 Wall Street analysts rating Avago Technologies Limited, 31 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $95.0 while the high is $215. The stock’s average target of $186.65 is 5.60% above today’s ($176.75) share price. AVGO was included in 80 notes of analysts from August 4, 2015. CLSA upgraded it to “Outperform” rating and $150 target price in Tuesday, August 25 report. The stock has “Buy” rating given by Suntrust Robinson on Thursday, January 14. The stock has “Overweight” rating given by Morgan Stanley on Monday, June 27. The company was initiated on Tuesday, May 17 by CLSA. The firm has “Outperform” rating given on Tuesday, February 16 by Credit Suisse. The firm has “Outperform” rating by Cowen & Co given on Monday, April 18. M Partners maintained it with “Buy” rating and $159 target price in Thursday, August 27 report. On Friday, February 26 the stock rating was initiated by B. Riley & Co with “Buy”. The stock has “Buy” rating given by Drexel Hamilton on Friday, September 2. As per Friday, August 7, the company rating was downgraded by Drexel Hamilton.

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 Vivian Park

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