Broadcom Limited (NASDAQ:AVGO) insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $246.48, for a total value of $4,929,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Broadcom Limited (NASDAQ:AVGO) traded down 0.02% on Tuesday, hitting $249.76. The stock had a trading volume of 2,208,807 shares. The stock has a market cap of $101.90 billion, a PE ratio of 190.22 and a beta of 1.07. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $259.36. The company has a 50 day moving average price of $249.02 and a 200-day moving average price of $236.63.
Broadcom Limited (NASDAQ:AVGO) last announced its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.89 EPS. On average, equities research analysts anticipate that Broadcom Limited will post $15.92 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Tuesday, September 19th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, September 18th. Broadcom Limited’s dividend payout ratio is 348.72%.
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Several equities analysts have recently issued reports on the company. UBS AG reaffirmed a “buy” rating and issued a $265.00 target price (up from $245.00) on shares of Broadcom Limited in a report on Monday, June 5th. B. Riley reaffirmed a “buy” rating and issued a $305.00 target price on shares of Broadcom Limited in a report on Saturday, August 26th. Vetr raised Broadcom Limited from a “hold” rating to a “buy” rating and set a $258.25 target price for the company in a report on Monday, August 14th. BidaskClub lowered Broadcom Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $260.00 target price on shares of Broadcom Limited in a report on Friday, August 11th. Two investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. Broadcom Limited has a consensus rating of “Buy” and an average target price of $274.48.
Several hedge funds and other institutional investors have recently made changes to their positions in AVGO. FNY Managed Accounts LLC purchased a new stake in shares of Broadcom Limited during the 1st quarter valued at about $100,000. AllSquare Wealth Management LLC grew its holdings in Broadcom Limited by 38.0% during the 1st quarter. AllSquare Wealth Management LLC now owns 483 shares of the semiconductor manufacturer’s stock valued at $106,000 after purchasing an additional 133 shares during the last quarter. Mountain Capital Investment Advisors Inc bought a new position in Broadcom Limited during the 2nd quarter valued at about $113,000. Shine Investment Advisory Services Inc. bought a new position in Broadcom Limited during the 2nd quarter valued at about $116,000. Finally, Archford Capital Strategies LLC grew its holdings in Broadcom Limited by 45.4% during the 1st quarter. Archford Capital Strategies LLC now owns 538 shares of the semiconductor manufacturer’s stock valued at $118,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 89.70% of the company’s stock.
Broadcom Limited Company Profile
Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. The Company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
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