Palladium Partners LLC boosted its stake in Broadcom Limited (NASDAQ:AVGO) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,141 shares of the semiconductor manufacturer’s stock after buying an additional 200 shares during the period. Palladium Partners LLC’s holdings in Broadcom Limited were worth $762,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mountain Capital Investment Advisors Inc purchased a new position in shares of Broadcom Limited during the second quarter valued at approximately $113,000. AllSquare Wealth Management LLC purchased a new position in shares of Broadcom Limited during the third quarter valued at approximately $113,000. Shine Investment Advisory Services Inc. purchased a new position in shares of Broadcom Limited during the second quarter valued at approximately $116,000. D. Scott Neal Inc. purchased a new position in shares of Broadcom Limited during the second quarter valued at approximately $127,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Broadcom Limited by 473.0% during the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after purchasing an additional 473 shares during the last quarter. Institutional investors and hedge funds own 90.11% of the company’s stock.
Shares of Broadcom Limited (NASDAQ AVGO) traded up $2.34 during mid-day trading on Thursday, reaching $265.60. 2,903,100 shares of the company’s stock traded hands, compared to its average volume of 2,749,908. The stock has a market cap of $110,670.00, a PE ratio of 19.90, a P/E/G ratio of 1.30 and a beta of 1.05. Broadcom Limited has a 1-year low of $160.62 and a 1-year high of $281.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48.
Broadcom Limited (NASDAQ:AVGO) last posted its 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 for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm posted $2.89 EPS. The business’s quarterly revenue was up 17.5% on a year-over-year basis. research analysts forecast that Broadcom Limited will post 13.91 EPS for the current fiscal year.
Several brokerages recently weighed in on AVGO. B. Riley reissued a “buy” rating and set a $305.00 price target on shares of Broadcom Limited in a research report on Saturday, August 26th. Vetr raised shares of Broadcom Limited from a “hold” rating to a “buy” rating and set a $258.25 price target for the company in a research report on Monday, August 14th. Nomura reissued a “buy” rating on shares of Broadcom Limited in a research report on Tuesday. BidaskClub downgraded shares of Broadcom Limited from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $275.00 price target on shares of Broadcom Limited in a research report on Monday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $284.31.
In other news, SVP Bryan Ingram sold 30,000 shares of the business’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 filing with the SEC, which is available through the SEC website. Also, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $247.83, for a total transaction of $4,956,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,788 shares of company stock worth $20,054,837. Insiders own 3.60% of the company’s stock.
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About Broadcom Limited
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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