Just How Positive is BofA Merrill on Broadcom (AVGO) Following Their Upgrade?

September 8, 2018 - By Margaret Guttierez

Broadcom Inc. (NASDAQ:AVGO) Logo

Investors sentiment decreased to 0.67 in 2018 Q1. Its down 1.00, from 1.67 in 2017Q4. It fall, 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.

Eqis Capital Management Inc holds 0.23% or 19,010 shares in its portfolio. Vantage Inv Advsr Ltd accumulated 12 shares. Mitchell Mcleod Pugh And Williams Inc has 0.49% invested in Broadcom Inc. (NASDAQ:AVGO). Balasa Dinverno And Foltz Limited Liability Company reported 1,598 shares. The Nebraska-based First Retail Bank Of Omaha has invested 0.23% in Broadcom Inc. (NASDAQ:AVGO). The New York-based Cibc Mkts has invested 0.34% in Broadcom Inc. (NASDAQ:AVGO). Gemmer Asset Mngmt Lc owns 0.01% invested in Broadcom Inc. (NASDAQ:AVGO) for 127 shares. 1,266 are held by Wagner Bowman Mgmt.

Broadcom (AVGO) Stock Upgrade

BofA Merrill upped shares of Broadcom (AVGO) from a “Neutral” rating to a solid “Buy” in a note revealed to investors on today.

The stock increased 7.69% or $16.61 during the last trading session, reaching $232.58. About 9.63 million shares traded or 88.44% up from the average. Broadcom Inc. (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: Seekingalpha.com which released: “Microchip: An Undervalued Stock Offering Low Uncertainty” on September 07, 2018, also Seekingalpha.com with their article: “BofA upgrades Broadcom to Buy; shares +3.9%” published on September 07, 2018, Nasdaq.com published: “Why Barnes & Noble, Five Below, and Broadcom Jumped Today” on September 07, 2018. More interesting news about Broadcom Inc. (NASDAQ:AVGO) were released by: Nasdaq.com and their article: “5 Top Stock Trades for Monday — Should You Buy Tesla Stock Now?” published on September 08, 2018 as well as Schaeffersresearch.com‘s news article titled: “Nasdaq Set to Snap Losing Streak as Tech Outperforms” with publication date: September 07, 2018.

Broadcom Inc. (NASDAQ:AVGO) Ratings Chart

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