Broadcom Ltd (NASDAQ:AVGO) SVP Bryan Ingram sold 9,875 shares of Broadcom stock in a transaction on Friday, March 17th. The stock was sold at an average price of $222.33, for a total transaction of $2,195,508.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bryan Ingram also recently made the following trade(s):

  • On Wednesday, March 8th, Bryan Ingram sold 13,207 shares of Broadcom stock. The stock was sold at an average price of $220.00, for a total transaction of $2,905,540.00.
  • On Friday, December 23rd, Bryan Ingram sold 12,000 shares of Broadcom stock. The stock was sold at an average price of $181.43, for a total transaction of $2,177,160.00.

Broadcom Ltd (NASDAQ:AVGO) traded up 0.03% on Monday, hitting $221.24. 1,721,474 shares of the company traded hands. The stock’s 50-day moving average is $212.50 and its 200 day moving average is $184.08. The stock’s market cap is $88.80 billion. Broadcom Ltd has a 12 month low of $139.18 and a 12 month high of $227.75.

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Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.48 by $0.15. Broadcom had a negative net margin of 13.13% and a positive return on equity of 22.77%. The company had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm posted $2.41 EPS. Broadcom’s revenue for the quarter was up 132.8% on a year-over-year basis. Equities research analysts expect that Broadcom Ltd will post $14.85 earnings per share for the current fiscal year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Monday, March 20th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, March 16th. Broadcom’s payout ratio is currently -100.49%.

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AVGO has been the topic of several analyst reports. Zacks Investment Research lowered shares of Broadcom from a “strong-buy” rating to a “sell” rating in a report on Wednesday, February 8th. Barclays PLC reaffirmed an “overweight” rating and issued a $250.00 price target (up from $240.00) on shares of Broadcom in a report on Friday, March 10th. Vetr lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating and set a $177.37 price target on the stock. in a report on Monday, December 5th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $222.50 price target (up from $165.00) on shares of Broadcom in a report on Friday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “top pick” rating on shares of Broadcom in a report on Wednesday, January 18th. Two investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $227.58.

Several hedge funds have recently modified their holdings of the stock. State Street Corp increased its stake in shares of Broadcom by 3.1% in the fourth quarter. State Street Corp now owns 15,222,155 shares of the semiconductor manufacturer’s stock valued at $2,690,819,000 after buying an additional 464,591 shares during the last quarter. Lone Pine Capital LLC increased its stake in shares of Broadcom by 36.7% in the fourth quarter. Lone Pine Capital LLC now owns 3,563,465 shares of the semiconductor manufacturer’s stock valued at $629,914,000 after buying an additional 956,872 shares during the last quarter. Norges Bank purchased a new stake in shares of Broadcom during the fourth quarter valued at $589,052,000. Prudential PLC increased its stake in shares of Broadcom by 1.9% in the fourth quarter. Prudential PLC now owns 2,235,913 shares of the semiconductor manufacturer’s stock valued at $395,242,000 after buying an additional 42,567 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Broadcom by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 1,739,277 shares of the semiconductor manufacturer’s stock valued at $307,498,000 after buying an additional 121,647 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

About Broadcom

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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