Broadcom Limited – Ordinary Sha (NASDAQ:AVGO).
Swedbank reports that it bought 46,339 shares in quarter ending 06/30/2017 increasing its holdings in Broadcom Limited – Ordinary Sha by 6.3%. Its position stood at $182,393,000 an increase of 13.1% as of the end of the quarter.
Here are a few additional firms who have increased or decreased their stake in (AVGO). Gateway Investment Advisers LLC cut its stake by selling 200 shares a decrease of 0.3% as of 06/30/2017. Gateway Investment Advisers LLC currently owns 62,033 shares valued at $14,457,000. The total value of its holdings increased 6.1%. As of the end of the quarter Pennsylvania Trust Co had acquired a total of 18,294 shares growing its stake by 48.8%. The value in dollars went from $8,211,000 to $13,003,000 a change of 58.4% for the reporting period.
Churchill Management Corp grew its ownership by buying 1,691 shares an increase of 8.5% in the quarter. Churchill Management Corp claims 21,650 shares with a value of $5,046,000. The value of the position overall is up by 15.5%.
Equity analyst Loop Capital started coverage by announcing an initial rating of “Buy”. On November 3 Pacific Crest kept the company rating at “Overweight” but raised the price target from $180.00 to $215.00.
On October 6, 2016 Wells Fargo began coverage of the stock giving it an initial rating of “Market Perform”. added the stock to its research portfolio with an initial rating of “Market Perform”.
On October 4 analysts at Bernstein began coverage with a rating of “Outperform” and setting a price target of $215.00. On September 20, 2016 Susquehanna starting coverage on AVGO setting a rating of “Positive”.
The company is up by 1.67 percent from yesterday’s close. Broadcom Limited – Ordinary Sha recently declared a dividend for shareholders which was paid on Friday the 30th of June 2017. The dividend was $1.020 per share for the quarter or $4.08 annualized. This dividend amount represented a yeild of $1.70. The ex-dividend date was set for Thursday the 16th of March 2017.
It is currently trading at $244.91 barely above the 50 day moving average which is $241.21 and marginally over the 200 day moving average of $214.99. The 50 day moving average went up $4.22 or +1.75% and the 200 day average moved up $30.44.
As of the last earnings report the EPS was $-0.63 and is projected to be $15.77 for the current year with 406,592,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $4.40 and the next full year EPS is projected to be $17.10.
Traders are more bullish of late if you take into consideration the fall in short interest. The company recorded a fall in short interest of -5.91% as of May 31, 2017 from the last reporting period. Short interest decreased 198,467 over that period. With short interest at 3,156,875 and short average daily volume at 4,591,972, days to cover is 1.0 and the short interest percentage is 0.01% as of May 31.Advertisement