$3.92 EPS Expected for Broadcom Limited (AVGO)

Broadcom Limited (NASDAQ:AVGO) Stake Raised by Greystone Managed Investments Inc.

Stock under Analysis: Broadcom Limited (AVGO)

The stock has a market cap of $107,547.45, a price-to-earnings ratio of 19.92, a PEG ratio of 1.27 and a beta of 1.05.

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. It has a 199.28 P/E ratio.

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Broadcom makes chips for wired and wireless communications, enterprise storage, and industrial markets. CLSA initiated the stock with "Outperform" rating in Tuesday, May 17 report. Eplus Inc now has $1.08B valuation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $241.47. Capital Research Global Investors is the second biggest holder with 30 million shares now valued at 6.91 B million whilst Vanguard Group Inc has 28 million shares valued at 6.42 B million. Broadcom Limited (avgo) has 0.00% since December 6, 2016 and is.

In a conference call with analysts, Broadcom offered little about the hostile bid aside from saying it aims to "engage in a constructive dialogue", has received positive shareholder and customer reactions, and believes it can complete a transaction, including regulatory approvals, within 12 months of striking a deal.

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Looking ahead, Broadcom forecast fiscal Q1 revenues of $5.225 to $5.375 billion, well ahead of the $4.83 billion that Wall Street is looking for. Jefferies maintained it with "Buy" rating and $180 target in Thursday, August 27 report. The rating was maintained by Mizuho on Friday, June 2 with "Buy". The stock of Broadcom Limited (NASDAQ:AVGO) has "Outperform" rating given on Wednesday, October 5 by Bernstein.

Many analysts are providing their Estimated Earnings analysis for Broadcom Limited and for the current quarter 26 analysts have projected that the stock could give an Average Earnings estimate of $4.52/share.

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According to their observations and findings, the stock could provide a high EPS of $0.32/share and a low EPS of $0.27/share. Invesco Ltd has 109,109 shares for 0% of their portfolio. 20,000 were accumulated by Capital Growth Limited Partnership.

The stock increased 0.86% or $2.24 during the last trading session, reaching $263.89. The shares were sold at an average price of $267.34, for a total value of $693,747.30. AllSquare Wealth Management LLC acquired a new position in shares of Broadcom during the 3rd quarter worth approximately $113,000. Cibc Ww Markets Corporation has invested 0.25% in Broadcom Limited (NASDAQ:AVGO). Jennison Associates LLC now owns 4,201,357 shares of the semiconductor manufacturer's stock worth $919,929,000 after buying an additional 3,782,991 shares in the last quarter. AVGO's profit will be $1.69 billion for 16.83 P/E if the $3.92 EPS becomes a reality. BlackRock Inc. increased its stake in shares of Broadcom by 2,707.3% in the first quarter. Broadcom Limited has its outstanding Shares of 398.53 Million. Gemmer Asset Mgmt Ltd Company owns 94 shares for 0.01% of their portfolio. First Savings Bank Of Omaha holds 0.24% or 38,700 shares in its portfolio. Eqis Capital Management Inc., a California-based fund reported 16,082 shares. The rating was upgraded by Zacks to "Sell" on Monday, August 31. Canaccord Genuity reinitiated the stock with "Buy" rating in Tuesday, January 5 report. Five research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. The stock of Broadcom Limited (NASDAQ:AVGO) has "Overweight" rating given on Thursday, November 3 by Pacific Crest. The firm has "Hold" rating by Stifel Nicolaus given on Thursday, November 2. The company said on Monday it planned to field a slate of 11 nominees to Qualcomm's board, its first formal move towards a hostile bid for the USA chipmaker.

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