Broadcom Limited Ord (NASDAQ:AVGO) on Focus After Report of Less Shorts

A combined Broadcom Qualcomm would become the dominant supplier of chips used in the 1.5 billion or so smartphones expected to be sold around the world this year. Mike Blake  Reuters

Broadcom Beats Quarterly Sales, Earnings Targets; Shares Tick Up

According to Zacks, analysts expect that Broadcom will report full-year sales of $4.1 billion for the current year, with estimates ranging from $16.5 billion to $17.44 billion. As per Friday, September 2, the company rating was maintained by Canaccord Genuity. The firm earned "Buy" rating on Wednesday, September 9 by Sterne Agee CRT. The rating was maintained by Mizuho with "Buy" on Thursday, May 25. M Partners maintained the stock with "Buy" rating in Thursday, August 27 report. Vetr raised Broadcom from a "hold" rating to a "buy" rating and set a $261.95 target price on the stock in a research report on Monday, August 28th. As per Friday, July 14, the company rating was maintained by Cowen & Co. Citigroup downgraded the stock to "Neutral" rating in Monday, October 10 report. The rating was initiated by Bernstein with "Outperform" on Wednesday, October 5. The short interest to Broadcom Limited Ord's float is 0.81%. CEMI's SI was 114,500 shares in December as released by FINRA.

Zwj Investment Counsel Inc decreased Spdr S&P 500 Etf Tr (SPY) stake by 13,683 shares to 15,717 valued at $3.80 million in 2017Q2. With 224,300 avg volume, 5 days are for Calix Incorporated (NYSE:CALX)'s short sellers to cover CALX's short positions. During the regular session, Broadcom rose 0.9% to 263.89. Amer Century has 3.41M shares for 0.43% of their portfolio. Chembio Diagnostics, Inc. (NASDAQ:CEMI) has declined 22.25% since December 7, 2016 and is downtrending.

Calix, Inc., together with its subsidiaries, develops, markets, and sells broadband communications access platforms, systems, and software for fiber- and copper network architectures that enable communications service providers to transform networks and connect to residential and business subscribers. Now trading with a market value of 105.17B, the company has a mix of catalysts and obstacles that spring from the nature of its operations. It offers rapid tests for the detection of HIV and syphilis antibodies.

Investors sentiment is 1 in 2017 Q2. Its the same as in 2017Q1. It dropped, as 39 investors sold UTX shares while 553 reduced holdings. The company reported the earnings of $0.73/Share in the last quarter where the estimated EPS by analysts was $0.69/share. Mitchell Mcleod Pugh & Williams Inc invested 0.48% of its portfolio in Broadcom Limited (NASDAQ:AVGO). Scott & Selber has 16,550 shares. First Republic Investment Management Inc. owned 0.07% of Broadcom worth $72,574,000 as of its most recent SEC filing. Gemmer Asset Limited Liability invested in 0.01% or 94 shares.

Balasa Dinverno Foltz Ltd Llc invested in 1,640 shares or 0.06% of the stock. Cypress Capital holds 23,224 shares or 0.63% of its portfolio. Moreover, Vantage Invest Advsr Ltd Liability Co has 0% invested in Broadcom Limited (NASDAQ:AVGO) for 12 shares.

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Eqis Mngmt Inc has 0.21% invested in Broadcom Limited (NASDAQ:AVGO). They expect $3.92 EPS, up 30.67% or $0.92 from last year's $3 per share. AVGO's profit would be $1.69 billion giving it 16.83 P/E if the $3.92 EPS is correct.

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For the full year, revenues from continuing operations lifted 33 percent to Dollars 17.636 billion, while the gross margin advanced to 8,509 billion (48.2%) from 5.940 billion (44.9%).

Broadcom Company Profile 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 200.98 P/E ratio.

The stock increased 2.20% or $5.8075 during the last trading session, reaching $269.6975.

Broadcom (NASDAQ:AVGO) had its price target hoisted by Mizuho from $290.00 to $310.00 in a research note issued on Thursday. It has outperformed by 47.30% the S&P500.

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