$4.05 EPS Expected for Broadcom Inc. (AVGO)

May 17, 2018 - By Jimmy Baldridge

Broadcom Inc. (NASDAQ:AVGO) LogoInvestors sentiment increased to 1.67 in Q4 2017. Its up 0.92, from 0.75 in 2017Q3. It increased, as 0 investors sold Broadcom Inc. shares while 3 reduced holdings. 0 funds opened positions while 5 raised stakes. 197,722 shares or 16.41% more from 169,855 shares in 2017Q3 were reported.
Cibc Markets reported 117,008 shares. Vantage Advisors Lc owns 12 shares or 0% of their US portfolio. Eqis Capital Mgmt, a California-based fund reported 19,888 shares. First National Bank Of Omaha holds 0.23% or 38,700 shares. Scott Selber Inc, Texas-based fund reported 16,224 shares. Gemmer Asset Mgmt Ltd Limited Liability Company accumulated 141 shares. Mitchell Mcleod Pugh And Williams Incorporated stated it has 0.52% of its portfolio in Broadcom Inc. (NASDAQ:AVGO). The Illinois-based Balasa Dinverno & Foltz Lc has invested 0.06% in Broadcom Inc. (NASDAQ:AVGO). Wagner Bowman Mngmt, a Maryland-based fund reported 1,266 shares.

Analysts expect Broadcom Inc. (NASDAQ:AVGO) to report $4.05 EPS on June, 7 after the close.They anticipate $0.74 EPS change or 22.36 % from last quarter’s $3.31 EPS. AVGO’s profit would be $1.66B giving it 14.78 P/E if the $4.05 EPS is correct. After having $4.71 EPS previously, Broadcom Inc.’s analysts see -14.01 % EPS growth. The stock decreased 0.44% or $1.06 during the last trading session, reaching $239.45. About 2.09M shares traded. Broadcom Inc. (NASDAQ:AVGO) has risen 11.56% since May 18, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.

Broadcom Inc. (NASDAQ:AVGO) Ratings Coverage

Among 29 analysts covering Broadcom Ltd (NASDAQ:AVGO), 27 have Buy rating, 0 Sell and 2 Hold. Therefore 93% are positive. Broadcom Ltd had 53 analyst reports since November 20, 2017 according to SRatingsIntel. The stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by BMO Capital Markets on Thursday, December 7. The company was maintained on Friday, March 16 by Robert W. Baird. Drexel Hamilton maintained the shares of AVGO in report on Monday, April 30 with “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Wednesday, December 6. The stock has “Buy” rating by Citigroup on Tuesday, May 1. The stock of Broadcom Inc. (NASDAQ:AVGO) earned “Buy” rating by SunTrust on Thursday, December 7. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given on Wednesday, December 13 by Cowen & Co. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given on Wednesday, November 29 by Canaccord Genuity. The rating was maintained by Craig Hallum with “Buy” on Thursday, December 7. The firm has “Hold” rating by Nomura given on Wednesday, May 9.

Broadcom Limited designs, develops, and supplies a range of 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 has market cap of $98.29 billion. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other. It has a 13.05 P/E ratio. The Wired Infrastructure segment provides set-top box system-on-chips ; cable, digital subscriber line, and passive optical networking central office/consumer premise equipment SoCs; Ethernet switching and routing application products; embedded processors and controllers; serializer/deserializer application specific integrated circuits; optical and copper, and physical layers; and fiber optic laser and receiver components.

More notable recent Broadcom Inc. (NASDAQ:AVGO) news were published by: Benzinga.com which released: “Broadcom Looks Like It Has Room To Run” on May 14, 2018, also Benzinga.com with their article: “3 Stocks To Play The Trends In iPhone, Samsung Galaxy Inventories” published on May 16, 2018, Seekingalpha.com published: “Western Digital +3.1% on JPMorgan initiation” on May 14, 2018. More interesting news about Broadcom Inc. (NASDAQ:AVGO) were released by: Seekingalpha.com and their article: “Successful Trade Negotiations With China Could Be Quite Rewarding” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Broadcom affirms Q2 guidance, drops early Q3 forecast” with publication date: April 30, 2018.

Broadcom Inc. (NASDAQ:AVGO) Ratings Chart

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