Consistent with our expectation, Broadcom materially increased their dividend to $1.75/quarter and reiterated their target of paying out 50% of FCF on a TTM basis.
The stock increased 0.86% or $2.24 during the last trading session, reaching $263.89. IFP Advisors Inc now owns 2,169 shares of the semiconductor manufacturer's stock worth $506,000 after acquiring an additional 257 shares in the last quarter. Broadcom Limited (AVGO) is intriguing when broken down to its core data. It has outperformed by 6.29% the S&P500.
Broadcom Limited (NASDAQ:AVGO) opened at $263.89 on Thursday. Therefore 96% are positive. Avago Technologies Limited had 162 analyst reports since August 4, 2015 according to SRatingsIntel. The stock presently has a consensus rating of "Buy" and an average price target of $298.73. Moreover, Wagner Bowman Mgmt has 0.08% invested in Broadcom Limited (NASDAQ:AVGO). The rating was maintained by Drexel Hamilton on Friday, September 2 with "Buy". The firm has "Buy" rating given on Friday, December 9 by Mizuho.
COPYRIGHT VIOLATION WARNING: "Broadcom (AVGO) Now Covered by Analysts at Credit Suisse Group" was first published by Week Herald and is owned by of Week Herald. Morgan Stanley initiated the shares of AVGO in report on Monday, June 27 with "Overweight" rating. RBC Capital Markets has "Buy" rating and $315.0 target. After having $3.73 EPS previously, Broadcom Limited's analysts see 5.09 % EPS growth.
Zwj Investment Counsel Inc increased Kayne Anderson Mlp Invt Co (NYSE:KYN) stake by 22,364 shares to 682,926 valued at $12.87 million in 2017Q2. It also reduced Bb&T Corp (NYSE:BBT) stake by 75,527 shares and now owns 32,243 shares. Twenty First Centy Fox Inc (NASDAQ:FOX) was raised too.
Broadcom raised its interim dividend by 72 percent quarter-on-quarter to United States dollars 1.75 after revenues for its fourth quarter hit the high end of expectations and following a very strong fiscal 2017. Its down 0.03, from 0.98 in 2017Q1. During the same period last year, the business earned $3.47 EPS. sell-side analysts predict that Broadcom Limited will post 13.93 earnings per share for the current year. Dsm Capital Partners Llc, a New York-based fund reported 28.19 million shares. Tctc Limited Liability Co reported 26,034 shares. Gemmer Asset Management holds 94 shares or 0.01% of its portfolio. Cypress Capital holds 23,224 shares or 0.63% of its portfolio. Perkins Coie owns 25,484 shares. Cape Cod Five Cents Bancorporation reported 14,079 shares. Finally, ZWJ Investment Counsel Inc. boosted its position in Broadcom by 3.5% in the fourth quarter. Ibm Retirement Fund accumulated 18,263 shares or 0.46% of the stock. Based on solid content share gains and AVGO's overall guide, the analyst has subsequently hiked his estimates. Cohen & Steers holds 0.02% or 59,633 shares in its portfolio. Orleans Capital La invested in 2.26% or 26,091 shares.
In related news, SVP Bryan Ingram sold 30,000 shares of the company's stock in a transaction on Thursday, September 14th. The company was maintained on Friday, June 3 by Mizuho. The brokerage presently has a "buy" rating on the semiconductor manufacturer's stock. The stock has "Buy" rating by Bank of America on Friday, July 21. As per Tuesday, October 25, the company rating was maintained by UBS.
Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide.
Revenue by segment: Wired infrastructure, $2.146B (up 3%); Wireless communications, $1.796B (up 33%); Enterprise storage, $645M (up 15%); Industrial and other, $257M (up 66%). Broadcom Limited (NASDAQ:AVGO) has risen 64.00% since December 7, 2016 and is uptrending. They expect $3.92 earnings per share, up 30.67% or $0.92 from last year's $3 per share. The company reported the earnings of $0.73/Share in the last quarter where the estimated EPS by analysts was $0.69/share.