Broadcom Corp (NASDAQ: BRCM)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Monday.

The analysts wrote, “Broadcom Corporation (BRCM) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

BRCM has been the subject of a number of other recent research reports. Analysts at Cowen reiterated an “outperform” rating on shares of Broadcom Corp in a research note to investors on Monday. Separately, analysts at Piper Jaffray initiated coverage on shares of Broadcom Corp in a research note to investors on Friday, February 22nd. They set an “overweight” rating and a $50.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Broadcom Corp in a research note to investors on Wednesday, February 6th. They now have a $34.00 price target on the stock.

Thirty-seven equities research analysts have rated the stock with a buy rating, four have given an overweight rating, four have issued a hold rating, and one has assigned an underweight rating to the stock. The company presently has an average rating of “buy” and a consensus target price of $40.59.

Shares of Broadcom Corp opened at 33.87 on Monday. Broadcom Corp has a one year low of $28.60 and a one year high of $39.66. The stock’s 50-day moving average is currently $33.95. The company has a market cap of $19.272 billion and a P/E ratio of 27.10.

Broadcom Corp last announced its earnings results on Tuesday, January 29th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts predict that Broadcom Corp will post $2.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 4th. Shareholders of record on Friday, February 15th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Wednesday, February 13th. This is a positive change from Broadcom Corp’s previous quarterly dividend of $0.10.

Broadcom Corporation (Broadcom) is a global semiconductor solution for wired and wireless communications.

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