Insider Selling: Broadcom Limited (AVGO) CFO Sells 656 Shares of Stock

Broadcom Limited (NASDAQ:AVGO) CFO Thomas H. Krause sold 656 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $264.38, for a total transaction of $173,433.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Thomas H. Krause also recently made the following trade(s):

  • On Thursday, November 16th, Thomas H. Krause sold 2,595 shares of Broadcom stock. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30.

Broadcom Limited (AVGO) traded down $0.69 on Tuesday, reaching $263.70. 1,883,699 shares of the company’s stock traded hands, compared to its average volume of 3,490,000. The company has a quick ratio of 5.80, a current ratio of 6.39 and a debt-to-equity ratio of 0.75. The firm has a market cap of $107,580.00, a PE ratio of 18.45, a PEG ratio of 1.14 and a beta of 1.05. Broadcom Limited has a 52-week low of $173.31 and a 52-week high of $285.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.52 by $0.07. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Broadcom had a net margin of 10.18% and a return on equity of 28.61%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the company posted $3.47 EPS. sell-side analysts expect that Broadcom Limited will post 16.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Monday, December 18th. This is a boost from Broadcom’s previous quarterly dividend of $1.02. Broadcom’s dividend payout ratio (DPR) is presently 334.43%.

A number of analysts have weighed in on AVGO shares. Vetr raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $261.95 price target for the company in a report on Monday, August 28th. Royal Bank of Canada reissued a “buy” rating and issued a $285.00 price target (up from $270.00) on shares of Broadcom in a report on Saturday, August 26th. B. Riley restated a “buy” rating and issued a $305.00 price objective on shares of Broadcom in a research note on Thursday, August 31st. Nomura increased their price objective on shares of Broadcom to $330.00 and gave the company a “buy” rating in a research note on Friday, December 8th. Finally, Mizuho increased their price objective on shares of Broadcom from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Four investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $303.29.

Several hedge funds and other institutional investors have recently modified their holdings of AVGO. Alps Advisors Inc. bought a new position in shares of Broadcom in the 2nd quarter valued at about $221,000. Ballentine Partners LLC boosted its stake in shares of Broadcom by 19.0% in the 2nd quarter. Ballentine Partners LLC now owns 1,163 shares of the semiconductor manufacturer’s stock valued at $289,000 after purchasing an additional 186 shares during the last quarter. KBC Group NV boosted its stake in shares of Broadcom by 19.1% in the 2nd quarter. KBC Group NV now owns 48,743 shares of the semiconductor manufacturer’s stock valued at $11,359,000 after purchasing an additional 7,802 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of Broadcom by 6.3% in the 2nd quarter. Blair William & Co. IL now owns 11,612 shares of the semiconductor manufacturer’s stock valued at $2,706,000 after purchasing an additional 684 shares during the last quarter. Finally, HM Payson & Co. bought a new position in shares of Broadcom in the 2nd quarter valued at about $707,000. 88.78% of the stock is currently owned by institutional investors.

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Broadcom 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 (NASDAQ:AVGO)

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