Brean Capital Raises Price Target on Broadcom Ltd. (AVGO) to $205 Following 3Q

Oppenheimer Raises Price Target on Broadcom Ltd. (AVGO) to $200 Following 3Q

Oppenheimer reiterated an Outperform rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $200.00 (from $190.00), following the company's 3Q earnings report. AVGO reported revenue of $3.80B, ahead of the consensus estimate of $3.76. EPS of $2.89 also bested consensus at $2.77.

Analyst Rick... More

Pre-Open Stock Movers 09/02: (ACW) (PES) (MGT) Higher; (PAY) (LULU) (PQ) Lower (more...)

Today's Pre-Open Stock Movers

Accuride Corporation (NYSE: ACW) 54.2% HIGHER; announced that it has entered into a definitive agreement to be acquired by funds managed by Crestview Partners, a leading New York based private equity firm, for $2.58 per share in cash. The purchase price represents a premium of 55% over Accurides closing share price on September 1st, 2016, and a premium of 66% over the 30-day volume weighted average price as of the same date.

VeriFone Systems (NYSE: PAY)... More

Cowen Boosts PT on Broadcom (AVGO) to $205; 'Beat and Raise' Becoming Par for the Course

Cowen and Company lifts its price target on Outperform-rated Broadcom Ltd. (NASDAQ: AVGO) from $200 to $205 following Q3 results released on Thursday night.

Analyst Timothy Arcuri offered the following commentary: AVGO has been our top pick since initiating and [the company's quarterly] call continued to reinforce and validate our conviction. The company collected ~$600MM from divestitures and paid down $1.3B of long-term debt while taking... More

Broadcom's (AVGO) Price Target Raised to $200 at Pacific Crest

Pacific Crest maintained an Overweight rating on Broadcom Limited (NASDAQ: AVGO) and raised its price target of $200.00 (from $180.00). The price target increase follows the release of Q3 results.

Analyst John Vinh commented on the company's performance, saying, "While AVGO posted strong results and... More

Baird Reiterates Outperform on Broadcom Ltd. (AVGO) Following Solid 3Q

Baird reiterated an Outperform rating and $205.00 price target on Broadcom Limited (NASDAQ: AVGO) following the company's 3Q earnings report. AVGO reported non-GAAP EPS of $2.42, well above the consensus of $2.30. Revenues of $3,802 million was above the midpoint of the guidance range of $3,675-$3,825 million.

Analyst... More

Broadcom (AVGO) PT Raised to $209 at Jefferies Following 'Beat and Raise'

Jefferies analyst Mark Lipacis reiterated a Buy rating and bumped his price target on Broadcom Limited (NASDAQ: AVGO) to $209.00 (from $190.00) following 'beat and raise' quarter.

commented, "AVGO beat and raised again, with upside in JulQ from Wireless (iPhone 7) and Industrial (restocking) and Storage (HDD... More

RBC Capital Remains Bullish on Broadcom Ltd. (AVGO) Following Strong 3Q

RBC Capital reiterated a Top Pick rating and $190.00 price target on Broadcom Limited (NASDAQ: AVGO) following the company's 3Q report. AVGO reported above expectations with non-GAAP revenues of $3.80B ahead of the Street at $3.76B. EPS of $2.89 came in ahead of $2.77 estimates.

Analyst Amit... More

Mizuho Securities Raises Price Target on Broadcom Ltd. (AVGO) Following Solid 3Q Results

Mizuho Securities reiterated a Buy rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $200.00 (from $190.00), following the company's 3Q earnings report. AVGO reported revenues of $3.8B, ahead of the Street's $3.76B. EPS came in at 2.89 versus consensus' $2.77.

Analyst Vijay... More

Broadcom's (AVGO) Price Target Raised to $205 at Deutsche Bank

Deutsche Bank maintained a Buy rating on Broadcom Limited (NASDAQ: AVGO) and raised its price target to $205.00 (from $200.00). The change follows the release of Q3 earnings. Analyst Ross Seymore noted steady execution.

"AVGO delivered solid revenues on the quarter/guide (albeit with... More

After-Hours Stock Movers 09/01: (MGT) Higher; (PAY) (LULU) (PQ) Lower (more...)

Today's After-Hours Movers

VeriFone Systems (NYSE: PAY) 14.3% LOWER; reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $493 million versus the consensus estimate of $515.54 million. GUIDANCE: VeriFone Systems sees Q4 2016 EPS of $0.28-$0.29, versus the consensus of $0.48. VeriFone Systems sees Q4 2016 revenue of $460 million, versus the consensus of $536.3 million. VeriFone Systems sees FY2016 EPS of $1.64-$1.65, versus the consensus of $1.85. VeriFone Systems sees FY2016 revenue of $2 billion, versus the consensus of $2.1... More

Broadcom Ltd. (AVGO) Raises Quarterly Dividend 2% to $0.51; 1.2% Yield

Broadcom Ltd. (NASDAQ: AVGO) declared a quarterly dividend of $0.51 per share, or $2.04 annualized. This is a 2% increase from the prior dividend of $0.50.

The dividend will be payable on September 30, 2016, to stockholders of record on September 19, 2016, with an ex-dividend date of September 15,... More

Broadcom Ltd. (AVGO) Tops Q3 EPS by 12c, Offers Outlook

Broadcom Ltd. (NASDAQ: AVGO) reported Q3 EPS of $2.89, $0.12 better than the analyst estimate of $2.77. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.76 billion.

GUIDANCE:

Fourth Quarter Fiscal Year 2016 Business... More

Xilinx (XNLX) Investors Have Buyout on the Brain, But Management Focused on Business - MKM

MKM Partners analyst Ian Ing raised his price target on Xilinx (NASDAQ: XLNX) to $55.00 (from $52.00) but maintained a Neutral rating after hosting a non-deal roadshow in Minneapolis with Xilinx and its CFO, Lorenzo Flores, and Senior IR Director, Rick Muscha. Ing said while investors are thinking 'takeout', the company is focused on... More

Oppenheimer Raises Price Target on Broadcom Ltd. (AVGO) Ahead of 3Q Report

Oppenheimer reiterated an Outperform rating on Broadcom Limited (NASDAQ: AVGO), and raised the price target to $190.00 (from $180.00), ahead of the company's 3Q earnings report.

Analyst Rick Schafer commented, "Broadcom (AVGO) reports F3Q (July) results after the close Thursday. We see a... More