Broadcom (NASDAQ:AVGO): Craig Hallum Reconfirms “Buy” Rating Today, Has a Target of $300/Share

September 7, 2018 - By Richard Slagle

Broadcom Inc. (NASDAQ:AVGO) Logo

Investors sentiment decreased to 0.67 in Q1 2018. Its down 1.00, from 1.67 in 2017Q4. It dived, as 1 investors sold Broadcom Inc. shares while 2 reduced holdings. 0 funds opened positions while 2 raised stakes. 198,376 shares or 0.33% more from 197,722 shares in 2017Q4 were reported.

Vantage Advisors Ltd Liability Com stated it has 12 shares or 0% of all its holdings. Wagner Bowman Mngmt accumulated 0.08% or 1,266 shares. Eqis Mgmt holds 19,010 shares. Mitchell Mcleod Pugh Williams Inc reported 2,908 shares. Balasa Dinverno And Foltz Limited Co reported 1,598 shares or 0.06% of all its holdings. Cibc Markets Corp owns 134,755 shares for 0.34% of their portfolio. Gemmer Asset Mgmt Ltd Liability Company invested in 127 shares or 0.01% of the stock. First Bank Of Omaha has 0.23% invested in Broadcom Inc. (NASDAQ:AVGO) for 38,700 shares.

Broadcom (NASDAQ:AVGO) Rating Reaffirmed

New York: In a research report shared with investors on 7 September, Craig Hallum kept their “Buy” rating on Broadcom (NASDAQ:AVGO) shares. They now have a $300 TP on the firm. Craig Hallum’s target would indicate a potential upside of 28.99 % from the company’s stock close price.

Broadcom Inc. (NASDAQ:AVGO) Ratings Coverage

Among 35 analysts covering Broadcom (NASDAQ:AVGO), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Broadcom has $350 highest and $220 lowest target. $300.59’s average target is 29.24% above currents $232.58 stock price. Broadcom had 59 analyst reports since March 12, 2018 according to SRatingsIntel. The stock has “Buy” rating by Raymond James on Friday, April 13. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Market Perform” rating given on Friday, July 13 by Raymond James. The firm earned “Outperform” rating on Monday, March 12 by BMO Capital Markets. The stock of Broadcom Inc. (NASDAQ:AVGO) earned “Market Perform” rating by BMO Capital Markets on Friday, July 13. The firm has “Neutral” rating given on Monday, July 16 by Bank of America. The firm has “Buy” rating given on Friday, March 16 by Drexel Hamilton. The company was maintained on Friday, March 16 by Craig Hallum. The firm has “Buy” rating given on Tuesday, May 1 by Canaccord Genuity. The stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by Drexel Hamilton on Monday, April 30. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Overweight” rating given on Monday, March 19 by Morgan Stanley.

The stock increased 7.69% or $16.61 during the last trading session, reaching $232.58. About 9.63 million shares traded or 91.79% up from the average. Broadcom Inc. (NASDAQ:AVGO) has risen 3.81% since September 8, 2017 and is uptrending. It has underperformed by 8.76% the S&P500.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The company has market cap of $97.26 billion. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. It has a 8.37 P/E ratio. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

More notable recent Broadcom Inc. (NASDAQ:AVGO) news were published by: Nasdaq.com which released: “Broadcom Stock Rises on Q3 Earnings Beat, In-Line Revenue” on September 07, 2018, also Seekingalpha.com with their article: “BofA upgrades Broadcom to Buy; shares +3.9%” published on September 07, 2018, Benzinga.com published: “Broadcom Is Baird’s New Top Large-Cap Semi Pick” on September 07, 2018. More interesting news about Broadcom Inc. (NASDAQ:AVGO) were released by: Seekingalpha.com and their article: “Microchip: An Undervalued Stock Offering Low Uncertainty” published on September 07, 2018 as well as Seekingalpha.com‘s news article titled: “Semi stocks limp towards the weekend” with publication date: September 07, 2018.

Broadcom Inc. (NASDAQ:AVGO) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.