Broadcom Limited (NASDAQ:AVGO) – Equities researchers at SunTrust Banks upped their FY2018 EPS estimates for Broadcom in a report issued on Wednesday. SunTrust Banks analyst W. Stein now anticipates that the semiconductor manufacturer will post earnings per share of $16.59 for the year, up from their prior estimate of $15.29. SunTrust Banks has a “Positive” rating and a $325.00 price target on the stock.

Several other research analysts have also weighed in on AVGO. Vetr lowered shares of Broadcom from a “buy” rating to a “hold” rating and set a $260.90 price objective on the stock. in a research note on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and issued a $270.00 target price on shares of Broadcom in a research report on Friday, August 11th. BidaskClub downgraded shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Cowen reissued a “buy” rating and issued a $260.00 target price on shares of Broadcom in a research report on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Three research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $288.85.

Broadcom (AVGO) traded down $5.90 during trading on Monday, reaching $271.50. 4,722,700 shares of the company’s stock traded hands, compared to its average volume of 2,744,506. The firm has a market cap of $113,170.00, a price-to-earnings ratio of 21.34, a PEG ratio of 1.38 and a beta of 1.05. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom has a 1 year low of $160.62 and a 1 year high of $285.68.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.46 billion. Broadcom had a net margin of 3.12% and a return on equity of 26.82%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.89 EPS.

In related news, SVP Bryan Ingram sold 10,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $240.62, for a total transaction of $2,406,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,383 shares of company stock valued at $25,949,184. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC raised its stake in shares of Broadcom by 22,924.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock valued at $6,569,000 after buying an additional 1,524,256 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Broadcom by 80.3% in the 3rd quarter. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer’s stock valued at $823,980,000 after buying an additional 1,512,956 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Broadcom by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after buying an additional 1,338,695 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Broadcom by 26.7% in the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock valued at $1,245,855,000 after buying an additional 1,128,052 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Broadcom by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after buying an additional 798,982 shares in the last quarter. Hedge funds and other institutional investors own 88.98% of the company’s stock.

WARNING: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.dailypolitical.com/2017/11/29/fy2018-eps-estimates-for-broadcom-limited-lifted-by-suntrust-banks-avgo.html.

About Broadcom

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.

Earnings History and Estimates for Broadcom (NASDAQ:AVGO)

Receive News & Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related companies with MarketBeat.com's FREE daily email newsletter.