On an adjusted basis, earnings grew to $4.59 per share from $3.47 a year ago. Schlumberger Limited (NYSE:SLB) has declined 3.30% since December 7, 2016 and is downtrending. During the same quarter last year, the firm posted $3.47 earnings per share. research analysts forecast that Broadcom Limited will post 13.93 EPS for the current fiscal year. Therefore 96% are positive. Broadcom has a 1-year low of $163.67 and a 1-year high of $285.68. The stock presently has a consensus rating of "Buy" and an average target price of $296.16. The firm has "Buy" rating by Mizuho given on Friday, February 3. Credit Suisse maintained the stock with "Outperform" rating in Tuesday, August 30 report. Cibc Ww Corp has invested 0.25% in Broadcom Limited (NASDAQ:AVGO). Cowen's target price points to a potential upside of 21.26% from the stock's previous close. The company was maintained on Friday, June 3 by Cantor Fitzgerald. Finally, Zacks Investment Research lowered shares of Broadcom from a "buy" rating to a "hold" rating in a research report on Thursday, August 17th.
Analysts await Sirius XM Holdings Inc.
In related news, SVP Charlie B. Kawwas sold 1,788 shares of the stock in a transaction on Monday, September 11th. Broadcom Limited is now above at 8.57% 200 MA, as I mentioned company has a strong resistance at $239.23 level. The company has a market cap of $106,747.80, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.26 and a beta of 1.05. The stock of Broadcom Limited (NASDAQ:AVGO) earned "Buy" rating by M Partners on Friday, January 8. The firm earned "Buy" rating on Wednesday, September 27 by Needham. Topeka Capital Markets maintained it with "Hold" rating and $153 target in Thursday, December 3 report. Its up 3.11% from 520,800 shares previously. It also reduced Bb&T Corp (NYSE:BBT) stake by 75,527 shares and now owns 32,243 shares. Novartis A.G. Adr (NYSE:NVS) was reduced too.
The institutional investor owned 1,423,050 shares of the semiconductor manufacturer's stock after purchasing an additional 186,841 shares during the quarter. Its down 0.34, from 1.7 in 2017Q1.
A number of hedge funds have recently bought and sold shares of AVGO. 91 funds opened positions while 513 raised stakes. Finance Service has 2,567 shares. (NYSE:V). The Wisconsin-based Thompson Inv Mngmt has invested 0.68% in Visa Inc. The company has market cap of $25.74 billion. Murphy accumulated 39,202 shares. About 9.30M shares traded or 17.36% up from the average. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, topping the consensus estimate of $4.52 by $0.07. 12,400 were reported by Cornerstone Advisors Inc. (NASDAQ:AMZN). Steinberg Glob Asset owns 0.45% invested in Amazon.com, Inc. In the final minutes of trading on Wednesday, shares hit $263.89, an increase of 60 percent in the last 12 months.
Net income came to $636M, vs. a loss of $632M a year ago. Broadcom Limited (NASDAQ:AVGO) has risen 64.00% since December 7, 2016 and is uptrending. It has outperformed by 47.30% the S&P500.
Investors sentiment decreased to 0.88 in 2017 Q2. Its the same as in 2017Q1. Inc. lifted its position in shares of Broadcom Limited (NASDAQ:AVGO) by 16.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
Broadcom Ltd shares were mostly flat in after-hours trading Wednesday following the report.
Broadcom earned an adjusted $4.59 a share, up 32% year over year, on sales of $4.84 billion, up 17%, in the quarter ended October 29. Wagner Bowman Management reported 0.08% stake. Mitchell Mcleod Pugh And Williams owns 2,688 shares.
Morgan Stanley reaffirmed their overweight rating on shares of Broadcom Ltd (NASDAQ:AVGO) in a report issued on Saturday morning. First Commercial Bank Of Omaha owns 38,700 shares or 0.24% of their United States portfolio.