Broadcom Limited (NASDAQ:AVGO) SVP Bryan Ingram sold 30,000 shares of the firm’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, June 22nd, Bryan Ingram sold 10,000 shares of Broadcom Limited stock. The shares were sold at an average price of $244.59, for a total value of $2,445,900.00.

Broadcom Limited (NASDAQ AVGO) traded up 1.46% on Friday, reaching $250.55. 5,006,322 shares of the company traded hands. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $259.36. The stock has a 50-day moving average of $249.05 and a 200 day moving average of $235.79. The company has a market capitalization of $102.22 billion, a PE ratio of 190.82 and a beta of 1.07.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.07. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $2.89 earnings per share. On average, equities analysts forecast that Broadcom Limited will post $15.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.63%. The ex-dividend date is Monday, September 18th. Broadcom Limited’s dividend payout ratio is 348.72%.

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Several hedge funds and other institutional investors have recently bought and sold shares of AVGO. BlackRock Inc. grew its stake in Broadcom Limited by 2,707.3% during the first quarter. BlackRock Inc. now owns 23,131,935 shares of the semiconductor manufacturer’s stock valued at $5,064,971,000 after acquiring an additional 22,307,935 shares in the last quarter. Vanguard Group Inc. grew its stake in Broadcom Limited by 7.0% in the 1st quarter. Vanguard Group Inc. now owns 26,768,435 shares of the semiconductor manufacturer’s stock worth $5,861,217,000 after buying an additional 1,746,144 shares in the last quarter. Harbour Capital Advisors LLC grew its stake in Broadcom Limited by 22,924.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock worth $6,569,000 after buying an additional 1,524,256 shares in the last quarter. Wellington Management Group LLP grew its stake in Broadcom Limited by 29.3% in the 1st quarter. Wellington Management Group LLP now owns 6,710,760 shares of the semiconductor manufacturer’s stock worth $1,469,388,000 after buying an additional 1,519,598 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in 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 buying an additional 1,338,695 shares in the last quarter. 90.04% of the stock is currently owned by institutional investors.

AVGO has been the topic of several research analyst reports. Deutsche Bank AG raised their price target on Broadcom Limited from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 25th. Vetr downgraded Broadcom Limited from a “buy” rating to a “hold” rating and set a $261.95 price target on the stock. in a research report on Monday, September 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $265.00 price target (up from $245.00) on shares of Broadcom Limited in a research report on Thursday, May 25th. Pacific Crest reaffirmed an “overweight” rating and issued a $260.00 price target on shares of Broadcom Limited in a research report on Wednesday, May 31st. Finally, B. Riley reaffirmed an “avgo (” rating and issued a $305.00 price target on shares of Broadcom Limited in a research report on Monday, August 21st. Two research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Broadcom Limited presently has a consensus rating of “Buy” and an average target price of $274.48.

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.

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

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