Broadcom Inc. (AVGO) Near Bearish Double Bottom At $245.60

June 29, 2018 - By Rebecca Betts

Broadcom Inc. (NASDAQ:AVGO) Corporate Logo

Big Money Sentiment decreased to 0.67 in Q1 2018. It has change of 1.00, from 2017Q4’s 1.67. The ratio worsened due to Broadcom Inc. positioning: 1 sold and 2 reduced. 0 funds acquired stakes and 2 increased stakes. Investors holded 197,722 in 2017Q4 but now own 198,376 shares or 0.33% more.
Balasa Dinverno & Foltz holds 0.06% or 1,598 shs. Eqis Mgmt holds 0.23% of its capital in Broadcom Inc. (NASDAQ:AVGO) for 19,010 shs. 127 are held by Gemmer Asset Mngmt Lc. Moreover, First Natl Bank Of Omaha has 0.23% invested in Broadcom Inc. (NASDAQ:AVGO) for 38,700 shs. Cibc World Markets has invested 0.34% of its capital in Broadcom Inc. (NASDAQ:AVGO). Wagner Bowman Management has 1,266 shs. Mitchell Mcleod Pugh And Williams reported 2,908 shs. Vantage Investment Advsr Lc stated it has 0% in Broadcom Inc. (NASDAQ:AVGO).

Broadcom Inc. (AVGO) has double bottom. It has $230.86 PT and $245.60 stock price. The chart setup points out high risk. The double bottom chart setup was announced on Jun, 29 by Finviz.com. At our $230.86 PT, the company worth will be $6.36 billion less.

Ticker’s shares touched $245.6 during the last trading session after 0.29% change.Currently Broadcom Inc. is uptrending after 3.81% change in last June 29, 2017. AVGO has 706,341 shares volume. AVGO underperformed the S&P500 by 8.76%.

Broadcom Inc. (NASDAQ:AVGO) Ratings Coverage

In total 34 analysts cover Broadcom Ltd (NASDAQ:AVGO). “Buy” rating has 32, “Sell” are 0, while 2 are “Hold”. 94% are bullish. With $350 highest and $25000 lowest target price Broadcom Ltd has $314.57 average target price or 28.08% above the current ($245.6) price. 53 are the (NASDAQ:AVGO)’s analyst reports since January 31, 2018 according to StockzIntelligence Inc. On Thursday, February 1 the stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given by FBR Capital. On Wednesday, May 9 the firm has “Hold” rating by Nomura given. On Friday, April 13 J.P. Morgan maintained Broadcom Inc. (NASDAQ:AVGO) with “Buy” rating. On Tuesday, May 1 the rating was maintained by Canaccord Genuity with “Buy”. On Thursday, February 1 the rating was maintained by KeyBanc Capital Markets with “Buy”. On Tuesday, May 1 the stock of Broadcom Inc. (NASDAQ:AVGO) has “Outperform” rating given by Robert W. Baird. On Friday, March 16 the rating was maintained by JP Morgan with “Overweight”. On Friday, March 16 the firm has “Buy” rating given by Drexel Hamilton. On Tuesday, May 1 Bernstein maintained Broadcom Inc. (NASDAQ:AVGO) with “Buy” rating. On Friday, June 8 FBR Capital maintained the shares of AVGO in report with “Buy” rating.

For more Broadcom Inc. (NASDAQ:AVGO) news released recently go to: Seekingalpha.com, Seekingalpha.com, Streetinsider.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Broadcom filing: 1100 layoffs in Brocade merger” released on June 14, 2018, “Groups That Are Leading Nasdaq Higher – Cramer’s Mad Money (6/4/18)” on June 05, 2018, “Qualcomm extends NXP tender offer yet again” with a publish date: June 29, 2018, “Broadcom Shares On Pause, But The Business Isn’t” and the last “Broadcom beats in Q2 with healthy wireless, storage growth” with publication date: June 07, 2018.

Broadcom Inc. (NASDAQ:AVGO) Analyst Ratings Chart

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