Broadcom (NASDAQ:BRCM) Earning Somewhat Positive Press Coverage, Analysis Finds

Media headlines about Broadcom (NASDAQ:BRCM) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Broadcom earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the semiconductor manufacturer an impact score of 45.5490552774403 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

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Separately, Goldman Sachs set a $336.00 price objective on Broadcom and gave the company a “buy” rating in a research note on Monday, March 26th.

Shares of Broadcom stock traded up $0.17 on Tuesday, hitting $54.67. The stock had a trading volume of 25,521,600 shares, compared to its average volume of 12,373,016. Broadcom has a 52-week low of $40.33 and a 52-week high of $58.51.

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Broadcom Company Profile

Broadcom Corporation (Broadcom) provides semiconductor solutions for wired and wireless communications. The Company offers a portfolio of system-on-a-chip solutions (SoCs) that deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. The Company’s solutions are used globally by manufacturers and are embedded in an array of communications products.

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