Broadcom Limited (AVGO) Analysts See $3.92 EPS

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Vetr cut Broadcom from a "buy" rating to a "hold" rating and set a $261.95 price objective on the stock.in a research note on Monday, September 4th.

The stock increased or $0 during the last trading session, hitting $. Loop Capital reaffirmed a "buy" rating and set a $302.00 price objective on shares of Broadcom in a research report on Friday, August 25th.

Analysts had projected adjusted earnings of $4.52 a share on $4.83 billion in revenue. Vantage Investment Ltd Liability Company reported 12 shares. Tower Research Capital LLC TRC increased its position in shares of Broadcom by 473.0% during the 2nd quarter. Broadcom now has a consensus rating of "Buy" and an average price target of $293.51.

"On the heels of very strong fiscal 2017 financial results, and continuing momentum into the new fiscal year, we are increasing capital returns to our shareholders and have raised our interim quarterly dividend by 72%", Broadcom Chief Executive Hock Tan said in a news release.


Among 3 analysts covering ePlus (NASDAQ:PLUS), 1 have Buy rating, 0 Sell and 2 Hold. About 3.81M shares traded or 27.47% up from the average. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In related news, CFO Thomas H. Krause sold 2,595 shares of the stock in a transaction dated 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. Institutional investors own 88.99% of the company's stock. Capital Research Global Investors is the second biggest holder with 30 million shares now valued at 6.91 B million whilst Vanguard Group Inc has 28 million shares valued at 6.42 B million.

Additionally, BRCM announced a quarterly, interim cash dividend of $1.75 per share. Finally, Catamount Wealth Management acquired a new stake in Broadcom during the 2nd quarter valued at $140,000. SunTrust Banks reissued a "buy" rating and issued a $281.00 price target on shares of Broadcom in a report on Thursday, October 12th. State Street Corp now owns 15,805,653 shares of the semiconductor manufacturer's stock worth $3,460,804,000 after buying an additional 583,498 shares in the last quarter. Amundi Pioneer Asset Management Inc. owned about 0.35% of Broadcom worth $345,146,000 at the end of the most recent reporting period.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. It did not give a specific figure for earnings per share.


Several other large investors have also recently modified their holdings of the company.

While looking at the Stock's Performance, Broadcom Limited now shows a Weekly Performance of -5.68%, where Monthly Performance is -4.38%, Quarterly performance is 4.92%, 6 Months performance is 2.9% and yearly performance percentage is 57.5%. 10,861,291 shares of the company's stock traded hands. Eplus Inc now has $1.08B valuation. The stock was sold at an average price of $246.48, for a total transaction of $4,929,600.00. Investors bought 838 call options on the company. Broadcom Limited (AVGO) has the market capitalization of 104.28 Billion.

The Average Earnings Estimate for the Current Fiscal quarter is $4.52 per share, according to consensus of 26 analysts.

As Credit Suisse noted earlier today, one watchword was guidance, and (based in part on its Brocade acquisition) Broadcom forecast Q1 net revenues of $5.225B-$5.375B, well above consensus for $4.836B. During the same period in the previous year, the firm posted $2.53 earnings per share. Broadcom now expects fourth-quarter revenue growth to be in the double-digit range on a year-over-year basis, much similar to the second and third quarter.


Net revenue rose to $4.84 billion from $4.14 billion.

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