Broadcom tops estimates on strong wireless chip demand (AVGO, AAPL, 005930)

Broadcom tops estimates on strong wireless chip demand (AVGO, AAPL, 005930)

The stock price volatility for last week at the close of regular trading was 2.69%, pushing the figure for the whole month to now reaching 3.82%. Its down 16.42% from 3.87 million shares, reported previously. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer's stock worth $288,099,000 after acquiring an additional 26,246 shares in the last quarter. Moreover, Cibc World Markets Corp has 0.25% invested in the company for 102,545 shares. Vantage Advsrs owns 12 shares for 0% of their portfolio.

Net income in the period ended Oct 29 was US$671 million, or US$1.50 a share, compared with a loss of US$668 million, or US$1.59, a year earlier. Finally, Jennison Associates LLC lifted its position in shares of Broadcom by 26.7% during the 2nd quarter. Hedge funds and other institutional investors own 91.85% of the company's stock. Wagner Bowman Management accumulated 1,248 shares. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of the company's stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $267.34, for a total value of $693,747.30. The disclosure for this sale can be found here. To fully grasp the existing nature of the stock, a trader will need to know the company's stock price to its revenues. Mitchell Mcleod Pugh & Williams Inc invested 0.48% of its portfolio in Broadcom Limited (NASDAQ:AVGO). Avago Technologies Limited had 162 analyst reports since August 4, 2015 according to SRatingsIntel. Slightly noticeable ratio of firm is current ratio, which is standing at 4.50.

Looking forward to the ratio analysis, the co has price to earnings ratio of 215, which is indicating if firm is fluctuating between 15 and 25 than it lies on average position; but sometimes if it's under this value some experts consider it as undervalue security.

The company also forecast first-quarter revenue largely above analysts' estimates, boosted by its $5.5 billion acquisition of Brocade, which is expected to drive its business that caters to data centres. Broadcom had a positive return on equity of 22.77% and a negative net margin of 13.13%.

Broadcom Beats Quarterly Sales, Earnings Targets; Shares Tick Up

Revenues for Q4 rose 17 percent from the year before to United States dollars 4.844 billion while the gross margin went up to USD 2.383 billion (49.2% of revenues) from 2.171 billion (52.5%) the year earlier. A dividend is a distribution of a portion of a company's earnings decided by its BOD (board of directors) specifically for its shareholders. (NASDAQ:CHRW) [Trend Analysis] share price swings at $85.92 with percentage change of -0.97% in most recent trading session. Scott Selber reported 16,550 shares stake. Wall Street has been targeting Broadcom to earn $4.43 a share on sales of $4.82 billion.

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. Zacks Investment Research downgraded Broadcom from a "hold" rating to a "sell" rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company's stock. Jefferies Group LLC raised their price target on Broadcom from $210.00 to $260.00 and gave the stock a "buy" rating in a research note on Thursday, March 2nd.

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Broadcom Company Profile 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. Sales in Broadcom's wireless-communications segment, which makes chips for iPhones and enterprise-storage units, grew 33% while sales in wired infrastructure, which still accounts for 45% of sales, edged up 3%.


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