Broadcom (NASDAQ:AVGO) Receives News Sentiment Rating of 0.14
Media coverage about Broadcom (NASDAQ:AVGO) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Broadcom earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the semiconductor manufacturer an impact score of 44.8160698136668 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Steady Activities: Sally Beauty Holdings Inc. (NYSE:SBH), Broadcom Limited (NASDAQ:AVGO) – The Oracle Examiner (oracleexaminer.com)
- Qualcomm earnings: Last peek before investors address Broadcom bid – MarketWatch (marketwatch.com)
- Stock’s Buyers and Sellers Recap — Broadcom Limited (AVGO) – usstockjournal (usstockjournal.com)
- Broadcom Limited (AVGO) Requires a Push to Attain Active Investors Attentions – Stock News Stop (stockmarketstop.com)
Shares of Broadcom (NASDAQ AVGO) opened at $245.47 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.68 and a current ratio of 6.26. The firm has a market cap of $102,774.34, a PE ratio of 17.42, a P/E/G ratio of 1.07 and a beta of 1.04. Broadcom has a 1 year low of $198.86 and a 1 year high of $285.68.
A number of research analysts recently commented on AVGO shares. Barclays upped their price objective on Broadcom from $290.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. B. Riley upped their price target on Broadcom from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Vetr lowered Broadcom from a “strong-buy” rating to a “buy” rating and set a $295.36 price objective on the stock. in a research report on Wednesday, January 3rd. Royal Bank of Canada increased their target price on Broadcom from $300.00 to $315.00 and gave the company a “top pick” rating in a report on Monday, November 20th. Finally, KeyCorp reissued a “buy” rating and issued a $290.00 target price on shares of Broadcom in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Broadcom presently has an average rating of “Buy” and a consensus price target of $302.55.
In related news, SVP Bryan Ingram sold 794 shares of the stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $258.60, for a total transaction of $205,328.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hock E. Tan sold 20,789 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $259.85, for a total transaction of $5,402,021.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 86,674 shares of company stock valued at $22,659,390. Company insiders own 3.60% of the company’s stock.
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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. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
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