Broadcom Limited (NASDAQ:AVGO) SVP Charlie B. Kawwas sold 1,051 shares of Broadcom stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $264.38, for a total transaction of $277,863.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Broadcom Limited (NASDAQ AVGO) traded down $0.69 during midday trading on Tuesday, hitting $263.70. 1,883,699 shares of the company were exchanged, compared to its average volume of 3,490,000. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.39 and a quick ratio of 5.80. Broadcom Limited has a twelve month low of $173.31 and a twelve month high of $285.68. The company has a market cap of $107,580.00, a P/E ratio of 18.45, a P/E/G ratio of 1.14 and a beta of 1.05.
Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. Broadcom had a net margin of 10.18% and a return on equity of 28.61%. The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the firm earned $3.47 EPS. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. analysts forecast that Broadcom Limited will post 16.99 EPS for the current year.
Several research analysts have recently commented on AVGO shares. Deutsche Bank lifted their price target on shares of Broadcom from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Broadcom from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $285.00 price target on shares of Broadcom in a report on Tuesday, October 10th. KeyCorp reaffirmed an “overweight” rating and issued a $320.00 price target (up from $290.00) on shares of Broadcom in a report on Monday, December 4th. Finally, Vetr lowered shares of Broadcom from a “buy” rating to a “hold” rating and set a $261.95 price target for the company. in a report on Monday, September 4th. Four research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $303.29.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Broadcom 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 purchasing an additional 793,335 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Broadcom 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 purchasing an additional 798,982 shares in the last quarter. State Street Corp raised its holdings in shares of Broadcom 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 purchasing an additional 255,044 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Broadcom 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 purchasing an additional 1,338,695 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Broadcom by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 5,309,909 shares of the semiconductor manufacturer’s stock worth $1,287,864,000 after acquiring an additional 36,356 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.
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.
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