Broadcom Limited (AVGO) Holdings Boosted by First Republic Investment Management Inc

Broadcom Limited (AVGO) Holdings Boosted by First Republic Investment Management Inc

Analysts reported that the Price Target for Nielsen Holdings plc might touch $55 high while the Average Price Target and Low price Target is $43.39 and $29 respectively. The stock now has a consensus rating of Buy and an average target price of $298.73.

Analysts on average were expecting revenue of $4.83 billion, according to Thomson Reuters I/B/E/S. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. As per Friday, July 14, the company rating was maintained by Cowen & Co. The rating was initiated by Goldman Sachs with "Buy" on Wednesday, February 3. M Partners maintained the stock with "Buy" rating in Thursday, August 27 report. Robert W. Baird restated an outperform rating and set a $290.00 price target (up from $260.00) on shares of Broadcom in a report on Friday, August 25th. The rating was maintained by KeyBanc Capital Markets with "Overweight" on Friday, August 25. Vetr raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $258.25 price target for the company in a report on Monday, August 14th.

Calix Incorporated (NYSE:CALX) had an increase of 23.73% in short interest. AVGO's total short interest was 3.24 million shares in December as published by FINRA. With 224,300 avg volume, 5 days are for Calix Incorporated (NYSE:CALX)'s short sellers to cover CALX's short positions.

The stock decreased 2.44% or $0.14 during the last trading session, reaching $5.6. The shares were sold at an average price of $267.34, for a total value of $693,747.30.

Analysts await Broadcom Limited (NASDAQ:AVGO) to report earnings on December, 14. They expect $0.04 EPS, 0.00% or $0.00 from last year's $0.04 per share. AVGO's profit would be $1.69 billion giving it 16.83 P/E if the $3.92 EPS is correct.

Top analyst Michael Walkley at Canaccord additionally sees a Wired Division primed for even more gains come fiscal 2019, as the company takes a large swing at the data center market with a $5.9 billion Brocade acquisition.

Broadcom raised its interim dividend by 72 percent quarter-on-quarter to United States dollars 1.75 after revenues for its fourth quarter hit the high end of expectations and following a very strong fiscal 2017. Its the same as in 2017Q1. BlackRock Inc. boosted its position in shares of Broadcom by 3.5% during the second quarter.

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New York City reported a 4.1 increase, mostly among families in emergency shelters and transitional housing, HUD officials said. In fast-growing Seattle, the unsheltered population grew by 44 percent to almost 5,500 over the past two years.

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Broadcom Ltd. reported higher-than-expected earnings in the most recent quarter as the chip maker looks to convince Qualcomm Inc.'s shareholders to back its $105 billion takeover bid. Gemmer Asset Management holds 94 shares or 0.01% of its portfolio.

Broadcom Ltd (NASDAQ:AVGO) late Wednesday posted mixed fiscal fourth quarter earnings results and offered a bullish outlook for fiscal Q1. It also upped Sabre Corp (NASDAQ:SABR) stake by 285,441 shares and now owns 349,063 shares. However, at the Wall Street, the shares for the company has been tagged a $40.72 price target, indicating that the shares will rally 2.88% from its current levels. 38,700 are owned by First Bancorp Of Omaha. Eqis Mgmt holds 0.21% or 16,082 shares in its portfolio.

Broadcom Limited (AVGO) has an annual dividend of $4.08, while its annual dividend yield is 1.56%. The firm's market cap is $96.60 billion. The firm has a market capitalization of $106,747.80, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05.

The stock increased 0.10% or $0.25 during the last trading session, reaching $264.14.

Additionally, BRCM announced a quarterly, interim cash dividend of $1.75 per share. (SIRI) has risen 25.58% since December 7, 2016 and is uptrending. It has outperformed by 6.29% the S&P500.

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. The AVGO team noted that even with just a partial quarter of Brocade, around $250 million should be added to the company's first fiscal quarter revenue for 2018.

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