Daiwa Securities May Have Just Lost Faith in Broadcom (NASDAQ:AVGO)

Broadcom Inc. (NASDAQ:AVGO) Logo

Investors sentiment decreased to 0.2 in 2019 Q1. Its down 0.80, from 1 in 2018Q4. It dived, as 2 investors sold Broadcom Inc. shares while 3 reduced holdings. 0 funds opened positions while 1 raised stakes. 100,667 shares or 49.78% less from 200,470 shares in 2018Q4 were reported.

Cibc World invested 0.24% in Broadcom Inc. (NASDAQ:AVGO). Gemmer Asset Management Ltd Co invested in 183 shares or 0.01% of the stock. 2,698 are held by Balasa Dinverno & Foltz Lc. Greenwich Wealth Management Lc reported 766 shares. Wagner Bowman Corporation holds 0.07% of its portfolio in Broadcom Inc. (NASDAQ:AVGO) for 1,007 shares.

Broadcom (NASDAQ:AVGO) Receives a Downgrade

The Equity Rating of Broadcom (NASDAQ:AVGO) rating was lowered by research professionals at Daiwa Securities from the previous “Buy” rating to a “Neutral” rating in an analyst note revealed on 15 August.

Broadcom Inc. (NASDAQ:AVGO) Ratings Coverage

Among 24 analysts covering Broadcom (NASDAQ:AVGO), 20 have Buy rating, 0 Sell and 4 Hold. Therefore 83% are positive. Broadcom has $350 highest and $250 lowest target. $312.58’s average target is 16.36% above currents $268.64 stock price. Broadcom had 47 analyst reports since February 21, 2019 according to SRatingsIntel. Macquarie Research maintained the shares of AVGO in report on Friday, March 15 with “Hold” rating. The firm has “Buy” rating by UBS given on Friday, June 14. On Friday, June 14 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. On Friday, March 15 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Buy” rating by Craig Hallum given on Friday, March 15. On Monday, March 18 the stock rating was maintained by Argus Research with “Buy”. The stock has “Hold” rating by BMO Capital Markets on Sunday, March 10. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given on Friday, March 15 by SunTrust. Morgan Stanley maintained the shares of AVGO in report on Monday, June 10 with “Equal-Weight” rating. As per Friday, March 15, the company rating was maintained by Mizuho.

The stock decreased 1.08% or $2.92 during the last trading session, reaching $268.64. About 1.72M shares traded. Broadcom Inc. (NASDAQ:AVGO) has risen 28.78% since August 15, 2018 and is uptrending. It has outperformed by 28.78% the S&P500.

Analysts await Broadcom Inc. (NASDAQ:AVGO) to report earnings on September, 5. They expect $4.14 earnings per share, down 5.48 % or $0.24 from last year’s $4.38 per share. AVGO’s profit will be $1.65B for 16.22 P/E if the $4.14 EPS becomes a reality. After $4.21 actual earnings per share reported by Broadcom Inc. for the previous quarter, Wall Street now forecasts -1.66 % negative EPS growth.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The company has market cap of $106.94 billion. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. It has a 35.86 P/E ratio. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

More notable recent Broadcom Inc. (NASDAQ:AVGO) news were published by: Nasdaq.com which released: “Broadcom Inc. (AVGO) Up 1.3% Since Last Earnings Report: Can It Continue? – Nasdaq” on July 13, 2019, also Nasdaq.com with their article: “Broadcom (AVGO) 2nd Quarter Earnings: What to Expect – Nasdaq” published on June 13, 2019, Finance.Yahoo.com published: “Is Broadcom Inc. (NASDAQ:AVGO) A Great Dividend Stock? – Yahoo Finance” on July 01, 2019. More interesting news about Broadcom Inc. (NASDAQ:AVGO) were released by: Fool.com and their article: “Broadcom Bets $10.7 Billion on Security and Synergy – Motley Fool” published on August 12, 2019 as well as Nasdaq.com‘s news article titled: “Broadcom Inc. (AVGO) Ex-Dividend Date Scheduled for June 21, 2019 – Nasdaq” with publication date: June 20, 2019.

Broadcom Inc. (NASDAQ:AVGO) Ratings Chart

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