Broadcom Limited (AVGO) Insider Hock E. Tan Sells 20,000 Shares

Broadcom Limited (NASDAQ:AVGO) insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $260.03, for a total value of $5,200,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hock E. Tan also recently made the following trade(s):

  • On Friday, September 15th, Hock E. Tan sold 20,000 shares of Broadcom Limited stock. The stock was sold at an average price of $246.48, for a total value of $4,929,600.00.

Shares of Broadcom Limited (AVGO) traded down $0.25 on Friday, reaching $271.86. The company’s stock had a trading volume of 2,326,607 shares, compared to its average volume of 2,749,939. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $281.80. The company has a market cap of $111,020.00, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the company posted $2.89 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. sell-side analysts forecast that Broadcom Limited will post 13.91 EPS for the current fiscal year.

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A number of equities research analysts have recently weighed in on the company. B. Riley raised their price target on Broadcom Limited from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Loop Capital reaffirmed a “buy” rating and set a $302.00 price target on shares of Broadcom Limited in a research note on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and set a $281.00 price objective on shares of Broadcom Limited in a report on Thursday, October 12th. Morgan Stanley reissued a “buy” rating and set a $290.00 price objective on shares of Broadcom Limited in a report on Friday, August 25th. Finally, Bank of America Corporation reissued a “buy” rating and set a $300.00 price objective on shares of Broadcom Limited in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $284.31.

Hedge funds have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC raised its position in shares of Broadcom Limited by 348.3% during the third quarter. Quantitative Systematic Strategies LLC now owns 4,335 shares of the semiconductor manufacturer’s stock worth $1,051,000 after acquiring an additional 3,368 shares during the last quarter. Alps Advisors Inc. bought a new stake in shares of Broadcom Limited during the second quarter worth $221,000. Osborne Partners Capital Management LLC raised its position in shares of Broadcom Limited by 5.5% during the third quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock worth $2,312,000 after acquiring an additional 499 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Broadcom Limited by 14.4% during the second quarter. Principal Financial Group Inc. now owns 667,057 shares of the semiconductor manufacturer’s stock worth $155,459,000 after acquiring an additional 83,929 shares during the last quarter. Finally, DSAM Partners London Ltd raised its position in shares of Broadcom Limited by 103.4% during the second quarter. DSAM Partners London Ltd now owns 184,714 shares of the semiconductor manufacturer’s stock worth $43,048,000 after acquiring an additional 93,890 shares during the last quarter. Institutional investors own 90.11% 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.

Insider Buying and Selling by Quarter for Broadcom Limited (NASDAQ:AVGO)

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