Broadcom (NASDAQ:AVGO – Get Rating) had its target price dropped by analysts at Mizuho from $725.00 to $700.00 in a note issued to investors on Friday, The Fly reports. Mizuho’s price objective suggests a potential upside of 31.81% from the company’s previous close.
Several other research analysts also recently weighed in on the company. Susquehanna dropped their price target on Broadcom from $680.00 to $650.00 in a research note on Monday. Truist Financial dropped their target price on shares of Broadcom from $658.00 to $630.00 and set a “buy” rating for the company in a research report on Friday, September 2nd. KeyCorp reduced their price target on shares of Broadcom from $780.00 to $700.00 and set an “overweight” rating on the stock in a report on Friday, September 2nd. Susquehanna Bancshares decreased their price target on shares of Broadcom from $680.00 to $650.00 and set a “positive” rating on the stock in a research note on Monday. Finally, BMO Capital Markets cut their price objective on Broadcom from $675.00 to $650.00 and set an “outperform” rating for the company in a research report on Friday, September 2nd. Two research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $677.05.
Broadcom Stock Up 2.4 %
AVGO opened at $531.08 on Friday. The stock has a market cap of $215.09 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 0.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.88, a quick ratio of 2.05 and a current ratio of 2.32. The firm’s fifty day moving average is $484.59 and its 200 day moving average is $506.21. Broadcom has a fifty-two week low of $415.07 and a fifty-two week high of $677.76.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Weiss Asset Management LP bought a new stake in shares of Broadcom during the 3rd quarter worth approximately $4,716,000. Centaurus Financial Inc. boosted its stake in shares of Broadcom by 5.7% during the third quarter. Centaurus Financial Inc. now owns 4,755 shares of the semiconductor manufacturer’s stock valued at $2,111,000 after purchasing an additional 256 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Broadcom by 17.4% in the third quarter. EP Wealth Advisors LLC now owns 106,303 shares of the semiconductor manufacturer’s stock worth $47,199,000 after purchasing an additional 15,786 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in Broadcom by 20.3% in the 3rd quarter. Eagle Bay Advisors LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $143,000 after buying an additional 54 shares during the period. Finally, Continental Investors Services Inc. bought a new stake in Broadcom during the 3rd quarter valued at about $392,000. Hedge funds and other institutional investors own 79.60% of the company’s stock.
Broadcom Company Profile
Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.
- Get a free copy of the StockNews.com research report on Broadcom (AVGO)
- Can Pfizer, Johnson & Johnson Continue Outperforming the Index?
- This Is Why Daktronics Fell 40% In One Day
- Is It Time To Throw In The Towel On Gamestop?
- Why You Should Avoid Carvana Even if it Avoids Bankruptcy
- Are Investors Hearing The End Of Spotify’s Downtrend?
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.