Broadcom Limited (AVGO) PT Raised to $180 at Morgan Stanley

Rosenblatt Reiterates Buy Rating on Broadcom Limited (AVGO)

Rosenblatt analyst Hans Mosesmann reiterated a Buy rating and $240.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom delivered modest July quarter results on VMWare enterprise S/W upside, semi AI compute/networking momentum, and emerging recovery in non-AI semi units. The October quarter outlook was mixed at $14.0B, above our $13.6B... More

Bernstein SocGen Group Reiterates Outperform Rating on Broadcom Limited (AVGO)

Bernstein SocGen Group analyst Stacy Rasgon reiterated an Outperform rating and $195.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Nevertheless under the lid things are still simmering here. The non-AI semi businesses at least appear to have bottomed (some... More

Piper Sandler Reiterates Overweight Rating on Broadcom Limited (AVGO)

Piper Sandler analyst Harsh Kumar reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Broadcom reported solid results that largely met street expectations. In our opinion, the key takeaway from the call was that AI... More

Cantor Fitzgerald Reiterates Overweight Rating on Broadcom Limited (AVGO), 'shares remain a Top Pick'

Cantor Fitzgerald analyst C.J. Muse reiterated an Overweight rating and $200.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "While Broadcom raised its AI revenue outlook as expected for all of FY24 (to $12B from $11B), management only raised its FY24 revenue outlook to $51.5B (below our/buyside outlook for $51.75B+) resulting in a modest miss for the October Q guide ($14.0B vs. consensus of $14.1B and our previewed $14.2B+). Under the covers, however, investors should walk away encouraged by todays report.... More

Broadcom Limited (AVGO) PT Raised to $210 at JPMorgan, 'remains our top pick in semiconductors'

JPMorgan analyst Harlan Sur raised the price target on Broadcom Limited (NASDAQ: AVGO) to $210.00 (from $200.00) while maintaining a Overweight rating.

The analyst comments "Broadcom delivered better Jul-Qtr results on continued Q/Q growth in its AI semiconductor segment (up 3-4% Q/Q), start of Q/Q cyclical recovery in server/ storage and traditional networking segments, and strong VMware business, offset by weaker trends in broadband/industrial. These growth dynamics are expected to accelerate into the Oct-Qtr (AI semis up 10% Q/Q, non-AI semis up 10% Q/Q) , 25%+ Q/Q growth in VMWare) and the... More

Broadcom Limited (AVGO) PT Raised to $190 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari raised the price target on Broadcom Limited (NASDAQ: AVGO) to $190.00 (from $185.00) while maintaining a Buy rating.

The analyst comments "Although Broadcoms AI Semiconductor business fell shy of investor expectations (i.e. FY3Q revenue was flattish... More

Citi Reiterates Buy Rating on Broadcom Limited (AVGO)

Citi analyst Christopher Danely reiterated a Buy rating and $175.00 price target on Broadcom Limited (NASDAQ: AVGO).

The analyst comments "Yesterday, Broadcom reported above-Consensus results due to strength from its AI business and VMware, but guided F4Q24 gross margin lower due to... More

Popular stocks with increasing volume: AVGO DAL AAL INTC SOFI

Popular stocks with increasing volume: AVGO DAL AAL INTC SOFI

Stocks expected to have increasing option volume: AVGO NVDA INTC MBLY DOCU RH

Stocks expected to have increasing option volume: AVGO NVDA INTC MBLY DOCU RH

Broadcom (AVGO) call put ratio 1.1 calls to 1 put into share price lower before the bell

Broadcom (NASDAQ: AVGO) 30-day option implied volatility is at 50; compared to its 52-week range of 25 to 67 into share trading lower before the bell on quarter results and outlook. Call put ratio 1.1 calls to 1 put.

After-hours movers: Broadcom, UiPath, Docusign and more

After-Hours Stock Movers:

Broadcom (NASDAQ: AVGO) declined 5% despite publishing third quarter results that beat the average analyst estimate, after it issued guidance for fourth quarter revenue that wasn't as strong as hoped for.

UiPath (NYSE:... More

Broadcom forecasts lukewarm quarterly revenue despite AI chip surge, shares fall

By Zaheer Kachwala

(Reuters) -Chipmaker Broadcom forecast fourth-quarter revenue slightly below Wall Street expectations on Thursday, hurt by sluggish spending in its broadband segment.

Despite a sharp rise in orders for its artificial intelligence chips, shares fell nearly 5% in extended trading.

California-based Broadcom expects revenue of around $14 billion, while analysts polled by LSEG expected $14.04 billion.

"We believe it's unreasonable for investors to expect Broadcom to post Nvidia-type results and outlook," Kinngai Chan, senior research analyst at Summit Insights, said.

Investor expectations for artificial... More

Broadcom (AVGO) Declares $0.53 Quarterly Dividend; 1.4% Yield

Broadcom (NASDAQ: AVGO) declared a quarterly dividend of $0.53 per share, or $2.12 annualized.

The dividend will be payable on September 30, 2024, to stockholders of record on September 19, 2024, with an ex-dividend date of September 18, 2024.

The annual yield on the dividend is 1.4 percent.

For a... More

Broadcom (AVGO) Tops Q3 EPS by 3c, Offers Guidance

(Updated - September 5, 2024 4:21 PM EDT)

Broadcom (NASDAQ: AVGO) reported Q3 EPS of $1.24, $0.03 better than the analyst estimate of $1.21. Revenue for the quarter came in at $13.07 billion versus the consensus estimate of $12.97 billion.

GUIDANCE:

Broadcom sees Q4 2024 revenue of $14 billion, versus... More

Popular stocks with increasing volume: AVGO DAL AAL INTC SOFI

Popular stocks with increasing volume: AVGO DAL AAL INTC SOFI

Broadcom (AVGO) call put ratio 1.1 calls to 1 put with focus on September 6 weekly 155 calls

Broadcom (NASDAQ: AVGO) September weekly call option implied volatility is at 137, September is at 58; compared to its 52-week range of 25 to 66 into the expected release of quarter results today after the bell. Call put ratio 1.1 calls to 1 put with focus on September 6 weekly 155 calls.

Popular stocks with increasing volume: SMCI INTC AVGO HPE AAL BABA

Popular stocks with increasing volume: SMCI INTC AVGO HPE AAL BABA

Citi sees big boost for Intel's margins and profits if exiting foundry

Investing.com -- Citi analysts believe Intel (NASDAQ: INTC) could significantly improve its profitability by exiting the foundry business.

According reports, Intel is reportedly exploring strategic options, including the potential sale of certain divisions.

While Intel has not commented on these reports, Citi suggests that exiting the foundry business could be a crucial move... More

Buy this chip stock into the upcoming earnings report: Evercore

Evercore ISI analysts believe investors should consider buying a popular chipmakers shares ahead of its July quarter report.

In a note to clients published Wednesday, the investment bank highlighted 4 ways to win" owning the Broadcom (NASDAQ: AVGO) stock prior to its earnings call and over the following 12 months.

1) Discount to AI Peers: Evercore analysts point out that AVGOs current P/E ratio of 26 represents a discount of 10-24% compared to its AI-focused peers like Nvidia (NASDAQ:... More

Broadcom (AVGO) September 6 weekly 152.50 straddle priced into quarter results

Broadcom (NASDAQ: AVGO) September 6 weekly 152.50 straddle priced for a move of 8% into the expected release of quarter results today after the bell. Call put ratio 1.3 calls to 1 put.

Broadcom (AVGO) call put ratio 1.3 calls to 1 put into quarter results

Broadcom (NASDAQ: AVGO) 30-day option implied volatility is at 52; compared to its 52-week range of 25 to 67 into expected release of quarter results today after the bell. Call put ratio 1.3 calls to 1 put.

Broadcom (AVGO) call put ratio 1.8 calls to 1 put with focus on September 6 weekly calls

Broadcom (NASDAQ: AVGO) September weekly call option implied volatility is at 111, September is at 58; compared to its 52-week range of 25 to 66 into the expected release of quarter results after the bell on September 5. Call put ratio 1.8 calls to 1 put with focus on September 6 weekly calls.

Popular stocks with increasing volume: PLTR SMCI INTC NIO COIN SOFI AVGO

Popular stocks with increasing volume: PLTR SMCI INTC NIO COIN SOFI AVGO

Intel manufacturing business hits a roadblock as Broadcom tests fail - report

Intel's (NASDAQ: INTC) contract manufacturing business has suffered a setback after tests with Broadcom (NASDAQ: AVGO) failed, Reuters reported Wednesday, citing sources familiar with the matter.

The tests involved Broadcom sending silicon waferslarge discs on which chips are printedthrough Intels advanced manufacturing process, known as 18A. Last month, Broadcom received the wafers back from Intel and, after reviewing the results, determined that the 18A process was not yet ready for high-volume production, the sources said.

Reuters said it was unable to confirm the current... More

Intel (INTC) Manufacturing Business Suffers Setback as Broadcom (AVGO) Tests Disappoint - Reuters

(Updated - September 4, 2024 6:27 AM EDT)

Intel (NASDAQ: INTC) Manufacturing Business Suffers Setback as Broadcom (NASDAQ: AVGO) Tests Disappoint - Reuters

Broadcom has been testing silicon wafers at Intel's manufacturing business for month and Silicon... More

Broadcom (AVGO) September 6 weekly 152.50 straddle priced into quarter results

Broadcom (NASDAQ: AVGO) September 6 weekly 152.50 straddle priced for a move of 8% into the expected release of quarter results after the bell on September 5. Call put ratio 1.5 calls to 1 put.