Equities analysts forecast that Broadcom Inc (NASDAQ:AVGO) will post earnings of $5.09 per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Broadcom’s earnings. The highest EPS estimate is $5.42 and the lowest is $4.87. Broadcom reported earnings per share of $4.98 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is scheduled to announce its next earnings report after the market closes on Thursday, September 12th.

On average, analysts expect that Broadcom will report full-year earnings of $21.35 per share for the current year, with EPS estimates ranging from $20.74 to $22.24. For the next year, analysts expect that the company will report earnings of $23.28 per share, with EPS estimates ranging from $21.53 to $24.98. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Broadcom.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 13th. The semiconductor manufacturer reported $5.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.18 by $0.03. The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.70 billion. Broadcom had a return on equity of 32.81% and a net margin of 15.92%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted $4.88 EPS.

AVGO has been the subject of a number of research reports. Raymond James reaffirmed a “hold” rating on shares of Broadcom in a research note on Friday, June 14th. KeyCorp increased their price target on Broadcom from $310.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Craig Hallum reissued a “buy” rating and set a $315.00 price objective (down from $325.00) on shares of Broadcom in a research note on Friday, June 14th. Jefferies Financial Group reduced their price objective on Broadcom from $370.00 to $324.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Finally, SunTrust Banks reduced their price objective on Broadcom to $307.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Ten research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $304.32.

In other news, insider Hock E. Tan sold 20,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $292.16, for a total value of $5,843,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan Ingram sold 11,922 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $278.58, for a total value of $3,321,230.76. The disclosure for this sale can be found here. Insiders sold 65,388 shares of company stock valued at $18,198,482 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BTIM Corp. raised its holdings in shares of Broadcom by 1.7% during the first quarter. BTIM Corp. now owns 1,883 shares of the semiconductor manufacturer’s stock worth $566,000 after acquiring an additional 32 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Broadcom by 9.1% during the first quarter. Parkside Financial Bank & Trust now owns 395 shares of the semiconductor manufacturer’s stock worth $119,000 after acquiring an additional 33 shares in the last quarter. CRA Financial Services LLC raised its holdings in shares of Broadcom by 2.0% during the second quarter. CRA Financial Services LLC now owns 1,696 shares of the semiconductor manufacturer’s stock worth $488,000 after acquiring an additional 33 shares in the last quarter. Lindbrook Capital LLC raised its holdings in shares of Broadcom by 5.4% during the first quarter. Lindbrook Capital LLC now owns 662 shares of the semiconductor manufacturer’s stock worth $199,000 after acquiring an additional 34 shares in the last quarter. Finally, Liberty Wealth Management LLC raised its holdings in shares of Broadcom by 62.5% during the second quarter. Liberty Wealth Management LLC now owns 91 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 35 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

NASDAQ AVGO traded up $1.59 on Tuesday, reaching $280.37. 1,791,256 shares of the stock traded hands, compared to its average volume of 2,823,465. The firm’s fifty day simple moving average is $284.05 and its 200 day simple moving average is $285.94. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 1.53. The company has a market cap of $111.61 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 1.34 and a beta of 0.92. Broadcom has a 12 month low of $204.68 and a 12 month high of $323.20.

Broadcom Company Profile

Broadcom Inc 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 operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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