Somewhat Positive Media Coverage Somewhat Unlikely to Affect Broadcom Limited (AVGO) Stock Price
Media headlines about Broadcom Limited (NASDAQ:AVGO) have trended somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Broadcom Limited earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned media stories about the semiconductor manufacturer an impact score of 45.3998379817133 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Head-To-Head Analysis: Broadcom Limited (AVGO) & The Competition (americanbankingnews.com)
- Broadcom Limited (AVGO) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Brocade Communications (BRCD) Reports Update on Proposed Broadcom (AVGO) Acquisition – StreetInsider.com (streetinsider.com)
- Why Broadcom Ltd.'s Wireless Growth Story Is Set to Slow (finance.yahoo.com)
- Contrasting Broadcom Limited (AVGO) & Its Competitors (americanbankingnews.com)
Broadcom Limited (NASDAQ:AVGO) traded up 1.04% during trading on Wednesday, reaching $242.00. 2,327,063 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $246.24 and a 200 day moving average price of $238.16. The firm has a market capitalization of $98.73 billion, a price-to-earnings ratio of 184.31 and a beta of 1.08. Broadcom Limited has a 52 week low of $160.62 and a 52 week high of $259.36.
Broadcom Limited (NASDAQ:AVGO) last released its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the company earned $2.89 earnings per share. Broadcom Limited’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Broadcom Limited will post $15.91 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Monday, September 18th. Broadcom Limited’s dividend payout ratio (DPR) is currently 348.72%.
AVGO has been the topic of a number of analyst reports. Deutsche Bank AG lifted their price objective on shares of Broadcom Limited from $275.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 25th. Vetr downgraded shares of Broadcom Limited from a “buy” rating to a “hold” rating and set a $261.95 price objective on the stock. in a research report on Monday, September 4th. B. Riley reaffirmed an “avgo (” rating and issued a $305.00 price objective on shares of Broadcom Limited in a research report on Monday, August 21st. Drexel Hamilton reaffirmed a “buy” rating and issued a $292.00 price objective on shares of Broadcom Limited in a research report on Saturday, August 26th. Finally, BidaskClub raised shares of Broadcom Limited from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $276.80.
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In other Broadcom Limited news, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan Ingram sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $240.62, for a total value of $2,406,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 61,788 shares of company stock valued at $15,098,237. 3.60% of the stock is owned by corporate insiders.
Broadcom Limited 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. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
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