Broadcom Inc (NASDAQ:AVGO) gets downgraded to Buy by Longbow Research

ME Staff
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Analyst Ratings For Broadcom Inc (NASDAQ:AVGO)

Today, Broadcom Inc (NASDAQ:AVGO) stock was downgraded by Longbow Research from Buy to Neutral.

There are 0 sell ratings, 5 hold ratings, 30 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on Broadcom Inc (NASDAQ:AVGO) is Buy with a consensus target price of $307.1515 per share, a potential 48.94% upside.

Some recent analyst ratings include

  • 7/12/2018-Longbow Research was Downgraded by analysts at Longbow Research from a “Buy ” rating to a ” Neutral” rating. They now have a N/A price target on the stock.
  • 7/12/2018-B. Riley was Downgraded by analysts at B. Riley from a “Buy ” rating to a ” Neutral” rating. They now have a $245.00 price target on the stock, up previously from $308.00 .
  • 7/12/2018-Macquarie was Downgraded by analysts at Macquarie from a “Outperform ” rating to a ” Neutral” rating. They now have a N/A price target on the stock.
  • 7/12/2018-Royal Bank of Canada was Downgraded by analysts at Royal Bank of Canada from a “Top Pick ” rating to a ” Outperform” rating. They now have a $300.00 price target on the stock, up previously from $330.00 .
  • 6/21/2018-Loop Capital initiated coverage with a Buy rating.

Recent Insider Trading Activity For Broadcom Inc (NASDAQ:AVGO)
Broadcom Inc (NASDAQ:AVGO) has insider ownership of 3.30% and institutional ownership of 82.70%.

  • On 6/27/2018 Bryan Ingram, SVP, sold 20,000 with an average share price of $251.31 per share and the total transaction amounting to $5,026,200.00.
  • On 6/15/2018 Bryan Ingram, SVP, sold 10,604 with an average share price of $270.02 per share and the total transaction amounting to $2,863,292.08.
  • On 6/15/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $269.69 per share and the total transaction amounting to $5,393,800.00.
  • On 6/13/2018 Bryan Ingram, SVP, sold 20,000 with an average share price of $261.84 per share and the total transaction amounting to $5,236,800.00.
  • On 5/29/2018 Charlie B Kawwas, SVP, sold 10,000 with an average share price of $250.37 per share and the total transaction amounting to $2,503,700.00.
  • On 4/16/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $248.03 per share and the total transaction amounting to $4,960,600.00.
  • On 4/13/2018 Lake Group L.L.C. Silver, Director, bought 344,761 with an average share price of $247.94 per share and the total transaction amounting to $85,480,042.34.

About Broadcom Inc (NASDAQ:AVGO)
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. The Wired Infrastructure segment provides set-top box system-on-chips (SoCs); 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. The Wireless Communications segment offers RF front end modules, filters, and power amplifiers; Wi-Fi, Bluetooth, and global positioning system/global navigation satellite system SoCs; and custom touch controllers. The Enterprise Storage segment provides serial attached small computer system interface, and redundant array of independent disks controllers and adapters; peripheral component interconnect express switches; fiber channel host bus adapters; read channel based SoCs; and preamplifiers. The Industrial & Other segment offers optocouplers, industrial fiber optics, motion control encoders and subsystems, and light emitting diodes. Its products are used in various applications, including enterprise and data center networking, home connectivity, set-top boxes, broadband access, telecommunication equipment, smartphones and base stations, data center servers and storage systems, factory automation, power generation and alternative energy systems, and electronic displays. Broadcom Inc. is based in San Jose, California.

Recent Trading Activity for Broadcom Inc (NASDAQ:AVGO)
Shares of Broadcom Inc closed the previous trading session at 207.09 −36.35 14.93% with 209.5 shares trading hands.