Broadcom Limited (AVGO) Position Boosted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its position in Broadcom Limited (NASDAQ:AVGO) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,883 shares of the semiconductor manufacturer’s stock after buying an additional 360 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Broadcom Limited were worth $2,154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Broadcom Limited by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock worth $6,423,271,000 after buying an additional 793,335 shares during the period. BlackRock Inc. lifted its holdings in shares of Broadcom Limited by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after buying an additional 798,982 shares during the period. State Street Corp lifted its holdings in shares of Broadcom Limited by 1.6% in the 2nd quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock worth $3,742,946,000 after buying an additional 255,044 shares during the period. Ameriprise Financial Inc. raised its position in shares of Broadcom Limited by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after acquiring an additional 1,338,695 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Broadcom Limited by 26.7% in the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after acquiring an additional 1,128,052 shares in the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

In other Broadcom Limited news, SVP Bryan Ingram sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $244.01, for a total value of $7,320,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $247.28, for a total transaction of $442,136.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,383 shares of company stock valued at $25,949,184. 3.60% of the stock is owned by corporate insiders.

Shares of Broadcom Limited (NASDAQ AVGO) traded up $2.74 during trading on Tuesday, reaching $277.62. 917,521 shares of the company were exchanged, compared to its average volume of 2,750,448. 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 12-month low of $160.62 and a 12-month high of $281.80. The stock has a market cap of $112,740.00, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the company earned $2.89 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. analysts predict that Broadcom Limited will post 13.91 earnings per share for the current year.

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Several research analysts recently issued reports on the company. Mizuho reaffirmed a “buy” rating and set a $290.00 target price on shares of Broadcom Limited in a research report on Monday, November 6th. Drexel Hamilton reiterated a “buy” rating and set a $302.00 price target on shares of Broadcom Limited in a research note on Monday, November 6th. B. Riley reiterated a “buy” rating and set a $315.00 price target on shares of Broadcom Limited in a research note on Monday. Royal Bank Of Canada reiterated a “buy” rating on shares of Broadcom Limited in a research note on Friday, November 3rd. Finally, Jefferies Group LLC boosted their price target on Broadcom Limited from $70.00 to $315.00 and gave the company a “buy” rating in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have assigned a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $286.47.

Broadcom Limited 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.

Institutional Ownership by Quarter for Broadcom Limited (NASDAQ:AVGO)

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