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08 December 2017, 02:24 | Joann Bryant
SEC FORM 4 - SEC.gov
The lowest target is $4.25 while the high is $5.65. Price Target plays a critical role when it comes to the analysis of a Stock.
In other Broadcom news, SVP Bryan Ingram sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, September 14th. Charter Equity maintained Broadcom Limited (NASDAQ:AVGO) on Friday, June 2 with "Buy" rating. On Friday, August 25 the stock rating was maintained by Morgan Stanley with "Buy". Broadcom reported sales of $3.54 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 15.8%. The rating was maintained by BMO Capital Markets with "Outperform" on Friday, August 28. As per Friday, December 9, the company rating was maintained by Mizuho.
Calix Incorporated (NYSE:CALX) had an increase of 23.73% in short interest. AVGO's SI was 3.24M shares in December as released by FINRA. Its up 23.73% from 986,700 shares previously. That activity is comparable to their recent volume average trend of almost 2.99 million shares which they recorded over a period of three months. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer's stock worth $5,577,099,000 after purchasing an additional 798,982 shares in the last quarter.
The stock increased 0.10% or $0.25 during the last trading session, reaching $264.14. About 21.15M shares traded or 26.87% up from the average. Calix, Inc. (NYSE:CALX) has risen 5.89% since December 7, 2016 and is uptrending.
The San Diego-based chipmaker reported Q4 earnings per share (EPS) of $4.59, which was $0.08 better than the Wall Street consensus estimate of $4.51. AVGO's profit will be $1.69 billion for 16.83 P/E if the $3.92 EPS becomes a reality.
Investors sentiment decreased to 1.36 in 2017 Q2. Its the same as in 2017Q1. It turned negative, as 64 investors sold AMZN shares while 542 reduced holdings. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $325.00 target price (up from $300.00) on shares of Broadcom in a report on Thursday. The share price volatility of the stock remained at 1.02% for the month and by reducing the timeframe to just a week, the volatility stood at 0.91%.
It's worth it to have a look at Broadcom Limited (NASDAQ:AVGO) as there may be a chasm between the bulls and the bears as far as recent trading activity goes. They expect that Broadcom Limited (AVGO) price will be reaching a mean target of $293.93 a share. Cibc Ww Markets holds 0.25% or 102,545 shares. Royal Bank Of Canada reissued a "buy" rating and issued a $270.00 price objective on shares of Broadcom in a research report on Friday, August 11th. 38,700 are owned by First Bancorp Of Omaha. (NASDAQ:AMZN). Penobscot Mgmt owns 0.18% invested in Amazon.com, Inc. Gemmer Asset Limited Liability reported 94 shares.
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 has market cap of $113.52 billion. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer's stock worth $2,028,442,000 after buying an additional 1,338,695 shares in the last quarter. The net result, including the impact from discontinued operations, jumped to a profit of Dollars 1.894 billion or USD 4.27 per diluted share from a net loss of 1.861 billion or 4.86 per diluted share.
Calix, Inc., together with its subsidiaries, develops, markets, and sells broadband communications access platforms, systems, and software for fiber- and copper network architectures that enable communications service providers to transform networks and connect to residential and business subscribers.
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