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Enter Symbol:
 
Broadcom Corporation (BRCM) [hlAlert]

Rating:
Hold BRCM

Broadcom Corporation (BRCM) downgraded to Hold with price target $37 by Auriga

Posted on: Wednesday,  Feb 1, 2012  10:25 AM ET by Auriga

Auriga rated Hold Broadcom Corporation (NASDAQ: BRCM) on 02/01/2012. Previously Auriga rated Buy Broadcom Corporation
(NASDAQ: BRCM) on 09/13/2011., when the stock price was $33.29. Since then, Broadcom Corporation has gained 9.64% of its value until Auriga rated BRCM Buy on 02/01/2012, when the price was $36.50. .

Broadcom Corporation is a leading developer of highly integrated siliconsolutions that enable broadband digital data transmission to the home and within the business enterprise. The company's products enable the high-speed transmission of data over existing communications infrastructures, most of which were not originally intended for digital data transmission. The company has designed and developed integrated circuits for some of the most significant broadband communications markets.

Auriga operates full-service institutional equity and fixed income trading desks with state-of-the-art communications technology and trading systems. Through our U.S. corprate parent, Auriga Holdings, LLC we offer a variety of services including whole loan trading and asset management. Through our Spanish parent company, Auriga Securities Sociedad de Valores, S.A., we offer the ability to trade European equity and fixed income products. We connect electronically to buy-side firms; route orders to multiple points of execution and subsequently route to our clearing firm, Pershing, for settlement.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/21/2012 10:25 AM Buy
None
38.44 44.00
as of 12/31/2012
1 Week up  0.30 %
1 Month up  2.56 %
3 Months down  -3.93 %
1 YTD up  10.71 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/1/2012 10:25 AM Hold
None
36.50 37.00
9/13/2011 8:25 AM Buy
None
33.29 40.00
7/13/2011 8:25 AM Buy
None
33.41 41.00

(*) Stock Price at the time of the recommendation.
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