Broadcom Inc. (AVGO) Reaches $247.43 After 6.00% Up Move; Zions Bancorporation (ZION) Shorts Decreased By 1.83%

April 13, 2018 - By Dolores Ford

Broadcom Inc. (NASDAQ:AVGO) Logo

Zions Bancorporation (NASDAQ:ZION) had a decrease of 1.83% in short interest. ZION’s SI was 20.57 million shares in April as released by FINRA. Its down 1.83% from 20.95M shares previously. With 2.13 million avg volume, 10 days are for Zions Bancorporation (NASDAQ:ZION)’s short sellers to cover ZION’s short positions. The SI to Zions Bancorporation’s float is 10.57%. The stock decreased 0.94% or $0.5101 during the last trading session, reaching $53.6199. About 360,284 shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 27.56% since April 13, 2017 and is uptrending. It has outperformed by 16.01% the S&P500.

The stock of Broadcom Inc. (NASDAQ:AVGO) is a huge mover today! The stock increased 3.34% or $8 during the last trading session, reaching $247.43. About 1.56M shares traded. Broadcom Inc. (NASDAQ:AVGO) has risen 11.56% since April 13, 2017 and is uptrending. It has outperformed by 0.01% the S&P500.The move comes after 5 months positive chart setup for the $107.09 billion company. It was reported on Apr, 13 by Barchart.com. We have $262.28 PT which if reached, will make NASDAQ:AVGO worth $6.43B more.

Broadcom Limited designs, develops, and supplies a range of semiconductor devices worldwide. The company has market cap of $107.09 billion. It focuses on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. It has a 13.48 P/E ratio. The firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Investors sentiment increased to 1.67 in 2017 Q4. Its up 0.92, from 0.75 in 2017Q3. It increased, as 0 investors sold Broadcom Inc. shares while 3 reduced holdings. 0 funds opened positions while 5 raised stakes. 197,722 shares or 16.41% more from 169,855 shares in 2017Q3 were reported. New York-based Cibc Ww Markets has invested 0.22% in Broadcom Inc. (NASDAQ:AVGO). Wagner Bowman Mgmt Corp has 1,266 shares for 0.09% of their portfolio. Eqis Capital Management Inc owns 0.26% invested in Broadcom Inc. (NASDAQ:AVGO) for 19,888 shares. Mitchell Mcleod Pugh Williams invested 0.52% in Broadcom Inc. (NASDAQ:AVGO). Moreover, Scott & Selber has 2.23% invested in Broadcom Inc. (NASDAQ:AVGO). First Bancorporation Of Omaha reported 38,700 shares. Gemmer Asset Mngmt Ltd Liability owns 0.01% invested in Broadcom Inc. (NASDAQ:AVGO) for 141 shares. Vantage Investment Advisors Ltd Limited Liability Company reported 12 shares. Balasa Dinverno And Foltz reported 0.06% stake.

Among 46 analysts covering Avago Technologies Limited (NASDAQ:AVGO), 44 have Buy rating, 0 Sell and 2 Hold. Therefore 96% are positive. Avago Technologies Limited had 186 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 8 by M Partners. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given on Tuesday, November 14 by Nomura. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, December 4. Mizuho maintained Broadcom Inc. (NASDAQ:AVGO) on Tuesday, February 20 with “Buy” rating. The company was maintained on Wednesday, December 6 by Credit Suisse. The stock of Broadcom Inc. (NASDAQ:AVGO) has “Buy” rating given on Friday, June 2 by UBS. The company was maintained on Friday, June 3 by RBC Capital Markets. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, February 1. Rosenblatt maintained Broadcom Inc. (NASDAQ:AVGO) rating on Friday, August 25. Rosenblatt has “Buy” rating and $300.0 target. The company was maintained on Tuesday, August 22 by J.P. Morgan.

Investors sentiment increased to 1.07 in Q4 2017. Its up 0.02, from 1.05 in 2017Q3. It is positive, as 38 investors sold Zions Bancorporation shares while 138 reduced holdings. 67 funds opened positions while 122 raised stakes. 181.93 million shares or 0.36% more from 181.27 million shares in 2017Q3 were reported. Meeder Asset Mgmt Inc has 17,945 shares for 0.08% of their portfolio. Korea Investment Corp reported 121,400 shares or 0.03% of all its holdings. Blair William Il has invested 0% in Zions Bancorporation (NASDAQ:ZION). California State Teachers Retirement Systems owns 339,411 shares or 0.04% of their US portfolio. Dimensional Fund Limited Partnership owns 2.78 million shares for 0.06% of their portfolio. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.04% invested in Zions Bancorporation (NASDAQ:ZION). Moreover, Exane Derivatives has 0.05% invested in Zions Bancorporation (NASDAQ:ZION) for 5,311 shares. Great Lakes Advisors Ltd Liability Corporation reported 264,285 shares. 11,566 are held by Atlantic Tru Group Inc Limited Liability. Broadview Advsr Ltd Liability Corp reported 308,325 shares. Deutsche Bank & Trust Ag holds 0.03% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 857,669 shares. Federated Pa owns 0.04% invested in Zions Bancorporation (NASDAQ:ZION) for 258,618 shares. Seizert Capital Prtnrs Ltd Liability Co holds 1.22 million shares. Bessemer Group Inc holds 0.01% or 27,391 shares. Capital One Association reported 138,026 shares.

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Zions Bancorporation had 133 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Zions Bancorporation (NASDAQ:ZION) rating on Wednesday, July 27. Jefferies has “Hold” rating and $31 target. FBR Capital upgraded the shares of ZION in report on Tuesday, December 20 to “Outperform” rating. Barclays Capital maintained Zions Bancorporation (NASDAQ:ZION) rating on Friday, October 9. Barclays Capital has “Overweight” rating and $38 target. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. BMO Capital Markets upgraded it to “Hold” rating and $59.0 target in Tuesday, January 23 report. The rating was upgraded by Keefe Bruyette & Woods to “Buy” on Tuesday, December 12. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 18. The stock has “Hold” rating by BMO Capital Markets on Monday, December 18. The stock of Zions Bancorporation (NASDAQ:ZION) has “Mkt Perform” rating given on Thursday, February 2 by JMP Securities. The company was maintained on Tuesday, January 23 by Wells Fargo.

Zions Bancorporation, a financial holding company, provides a range of banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company has market cap of $10.54 billion. The firm offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related services and products; and residential mortgage servicing and lending. It has a 20.62 P/E ratio. It also provides trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

Zions Bancorporation (NASDAQ:ZION) Institutional Positions Chart

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