Shares in Broadcom Limited (AVGO) Purchased by Stephens Inc. AR

Broadcom Ltd (AVGO.O) reported better-than-expected quarterly revenue and profit, helped by robust demand for its wireless chips from customers, including Apple Inc (AAPL.O) and Samsung Electronics Co Ltd (005930.KS). Five research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company's stock.

The stock increased or $0 during the last trading session, hitting $.

A number of research analysts recently commented on AVGO shares. These analysts have also projected a Low Estimate of $4.4/share and a High Estimate of $4.61/share. Shine Investment Advisory Services Inc. acquired a new position in shares of Broadcom during the 2nd quarter worth approximately $116,000. Rosenblatt Securities started coverage on shares of Broadcom in a research report on Wednesday, February 22nd. Jefferies maintained it with "Buy" rating and $180 target in Thursday, August 27 report.

Looking ahead, Broadcom forecast fiscal Q1 revenues of $5.225 to $5.375 billion, well ahead of the $4.83 billion that Wall Street is looking for.

Among 3 analysts covering ePlus (NASDAQ:PLUS), 1 have Buy rating, 0 Sell and 2 Hold. The company now has an average volume of 2.97 Million. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas H. Krause sold 2,595 shares of the company's stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The disclosure for this sale can be found here.

Dozens of laid off as Krispy Kreme expands globally
According to the company, the jobs have been eliminated as the company prepares to open new offices in Charlotte and London . The company said it will focus on areas such as digital evolution, consumer convenience and product innovation.

In other Broadcom news, insider Hock E. Tan sold 20,000 shares of the company's stock in a transaction dated Friday, September 15th. Hedge funds have recently made changes to their positions in the stock. About 43,985 shares traded. ePlus inc. Integrated Investment Consultants LLC now owns 792 shares of the semiconductor manufacturer's stock worth $185,000 after buying an additional 625 shares in the last quarter. It is the same, as 0 investors sold Broadcom Limited shares while 3 reduced holdings. only 0 funds opened positions while 3 raised stakes. SunTrust Banks reissued a "buy" rating and issued a $281.00 price target on shares of Broadcom in a report on Thursday, October 12th. During the same quarter in the prior year, the business earned $3.47 earnings per share. Corp lifted its position in shares of Broadcom by 8.5% in the second quarter.

Analyst Recommendations are opinions given by analysts to their clients about whether a given stock is worth buying or not. Finally, Tower Research Capital LLC TRC grew its holdings in Broadcom by 473.0% during the 2nd quarter.

Shares rose 4.2% to $274.92 after hours, adding to the 0.9% gain logged during Wednesday trading. These holdings make up 59.69% of the company's outstanding shares. The stock has a 50-day moving average price of $229.63 and a 200 day moving average price of $205.19. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.84 billion. Broadcom Limited (AVGO) has the market capitalization of 104.28 Billion. The Return on Equity (ROE) and Return on Investment values are 2.7 percent and -3.6 percent respectively.

Broadcom also provided an upbeat outlook in its current quarter, forecasting revenue between $5.22 billion and $5.37 billion. During the same period in the previous year, the firm posted $2.53 earnings per share.

The company's wireless communications business, which supplies components such as Wi-Fi chips, chalked up revenue growth of 33 per cent to US$1.8 billion in the fiscal fourth quarter. Equities research analysts expect that Broadcom will post $14.86 earnings per share for the current year.

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