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INX:AVGO, Feb 16, 06:19 UTC

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Saturday, February 09


News

Broadcom Inc (AVGO) Shares Bought by Ballentine Partners LLC – Fairfield Current

AVGO

Bank of New York Mellon Corp acquired a new position in shares of Broadcom in the second quarter valued at approximately $1,127,357,000. Capital Research Global Investors now owns 25,694,725 shares of the semiconductor manufacturer’s stock valued at $6,339,659,000 after buying an additional 3,608,395 shares during the period. The stock has a market capitalization of $109.59 billion, a PE ratio of 14.55, a PEG ratio of 1.21 and a beta of 0.72. In other news, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction dated Tuesday, January 15th.

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Topics:
  • Business
  • Financial

Friday, February 08


News

Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know

AVGO

Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know. Broadcom Inc. (AVGO) closed at $274.06 in the latest trading session, marking a +1.85% move from the prior day. Meanwhile, our latest consensus estimate is calling for revenue of $5.75 billion, up 7.92% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $22.84 per share and revenue of $24.49 billion, which would represent changes of +9.7% and +17.47%, respectively, from the prior year. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988.

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Topics:
  • Business
  • Financial

Tuesday, February 05


News

3 Big Stock Charts for Tuesday: Broadcom, Kinder Morgan and Verizon Communications

AVGO KMI +1 more AVGO KMI VZ

Though they slumped into the red early in the session yesterday, Monday’s close of 2724.87 for the S&P 500 was 0.68% better than Friday’s last trade. The good news is, the lines in the sand for the stock charts of Verizon Communications (NYSE:VZ), Broadcom (NASDAQ:AVGO) and Kinder Morgan (NYSE:KMI) are pretty clear. • One of those technical floors is the 200-day moving average line, plotted in white on both stock charts. With our last look at Broadcom back on Jan. 25, we acknowledged the break above a long-standing resistance line was a great first step, but more work needed to be done.

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Topics:
  • Business
  • Financial
News

Head-To-Head Survey: Broadcom (AVGO) versus On Track Innovations (OTIV) – PressOracle

AVGO

Broadcom (NASDAQ:AVGO) and On Track Innovations (NASDAQ:OTIV) are both computer and technology companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, risk, earnings, analyst recommendations, valuation, institutional ownership and profitability. Comparatively, 5.0% of On Track Innovations shares are held by institutional investors. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

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Topics:
  • Business
  • Financial
  • Science

Thursday, January 31


News

Broadcom Inc. (AVGO) Stock Sinks As Market Gains: What You Should Know

AVGO

Broadcom Inc. (AVGO) closed the most recent trading day at $268.25, moving -0.95% from the previous trading session. This has lagged the Computer and Technology sector's gain of 6.94% and the S&P 500's gain of 8.11% in that time. Investors will be hoping for strength from AVGO as it approaches its next earnings release, which is expected to be March 21, 2019. Our most recent consensus estimate is calling for quarterly revenue of $5.75 billion, up 7.92% from the year-ago period.

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Topics:
  • Business
  • Financial
News

CHURCHILL MANAGEMENT Corp Has $20.36 Million Stake in Broadcom Inc (NASDAQ:AVGO) – Fairfield Current

AVGO

Capital Research Global Investors now owns 25,694,725 shares of the semiconductor manufacturer’s stock worth $6,339,659,000 after acquiring an additional 3,608,395 shares during the period. UBS Group cut their target price on Broadcom from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, December 7th. The company’s quarterly revenue was up 12.4% on a year-over-year basis. As a group, sell-side analysts predict that Broadcom Inc will post 18.59 earnings per share for the current year. In other news, CFO Thomas H. Krause sold 22,500 shares of the company’s stock in a transaction on Thursday, December 13th.

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Topics:
  • Business
  • Financial

Tuesday, January 29


News

Copeland Capital Management LLC Sells 2,514 Shares of Broadcom Inc (AVGO) – Fairfield Current

AVGO

Copeland Capital Management LLC trimmed its holdings in Broadcom Inc (NASDAQ:AVGO) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. Finally, B. Riley raised shares of Broadcom from a “neutral” rating to a “buy” rating and raised their price target for the company from $250.00 to $300.00 in a research note on Monday, December 3rd. The stock has a market capitalization of $109.12 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 1.21 and a beta of 0.73. In other Broadcom news, Director Lewis C. Eggebrecht sold 2,000 shares of the stock in a transaction dated Friday, December 14th.

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Topics:
  • Business
  • Financial

Friday, January 25


News

Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know

AVGO

Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know. Broadcom Inc. (AVGO) closed the most recent trading day at $267.94, moving +1.67% from the previous trading session. Investors will be hoping for strength from AVGO as it approaches its next earnings release, which is expected to be March 21, 2019. AVGO's full-year Zacks Consensus Estimates are calling for earnings of $22.84 per share and revenue of $24.49 billion.

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  • Business
  • Financial
News

3 Big Stock Charts for Friday: Merck, Broadcom and Advanced Micro Devices

AVGO MRK

It was only a small gain of 0.14% for the S&P 500, but each day that doesn’t result in a drubbing is another day’s worth of improved confidence from investors. Intel (NASDAQ:INTC) set the marketwide tone, and the pace for the tech sector, up 3.8% in front of its Q4 report posted after the close. Stock charts of Advanced Micro Devices (NASDAQ:AMD), Merck & Co. (NYSE:MRK) and Broadcom (NASDAQ:AVGO) are particularly noteworthy beneficiaries of this new nuance. That didn’t happen straight away, but with the help of a sector-wide tech rally on Thursday, AVGO is up and over a big hump and free to keep moving higher.

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Topics:
  • Business
  • Financial

Thursday, January 24


News

Apple Struggles Shed Light on Broadcom’s CA Takeover

AVGO AAPL

Key Updates from Chipmakers: INTC, QCOM, AVGO(Continued from Prior Part)CA to help shield Broadcom from Apple weaknessEarlier this month, Apple revised the outlook for its first quarter of fiscal 2019, reducing revenue guidance by as much as $9.0.

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  • Business
  • Financial