Broadcom Inc (NASDAQ:AVGO) price target lowered to $23.38 by SunTrust Banks

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

Today, SunTrust Banks lowered its price target on Broadcom Inc (NASDAQ:AVGO) to $23.38 per share.

There are 29 Buy Ratings, 7 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Broadcom Inc (NASDAQ:AVGO) is Buy with a consensus target price of $281.4828 per share, a potential 16.28% upside.

Some recent analyst ratings include

  • 12/3/2018-Broadcom Inc (NASDAQ:AVGO) gets upgraded to Buy by B. Riley with a price target of $300.00
  • 11/28/2018-Broadcom Inc (NASDAQ:AVGO) had its Market Perform ➝ Market Perform rating reiterated by Wells Fargo & Co with a $265.00 price target
  • 11/28/2018-Broadcom Inc (NASDAQ:AVGO) had its Equal ➝ Equal Weight rating reiterated by Morgan Stanley with a $260.00 price target
  • 11/16/2018-Broadcom Inc (NASDAQ:AVGO) has coverage initiated with a Outperform ➝ Outperform rating and $300.00 price target
  • 11/8/2018-Broadcom Inc (NASDAQ:AVGO) has coverage initiated with a Buy rating and $310.00 price target


  • On 11/15/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $228.94 per share and the total transaction amounting to $4,578,800.00.
  • On 10/15/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $231.03 per share and the total transaction amounting to $4,620,600.00.
  • On 9/28/2018 Kirsten M Spears, Insider, sold 1,194 with an average share price of $246.52 per share and the total transaction amounting to $294,344.88.
  • On 9/17/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $238.62 per share and the total transaction amounting to $4,772,400.00.
  • On 8/15/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $204.90 per share and the total transaction amounting to $4,098,000.00.
  • On 7/16/2018 Hock E Tan, Insider, sold 20,000 with an average share price of $202.08 per share and the total transaction amounting to $4,041,600.00.
  • On 7/11/2018 Bryan Ingram, SVP, sold 20,000 with an average share price of $245.62 per share and the total transaction amounting to $4,912,400.00.

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 242,07 up +4,66 1,96 % with 245.2 shares trading hands.