Broadcom Limited (NASDAQ:AVGO) CFO Thomas H. Krause sold 2,595 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total value of $693,747.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Broadcom Limited (NASDAQ AVGO) traded down $0.25 during mid-day trading on Friday, reaching $271.86. 2,406,831 shares of the company’s stock were exchanged, compared to its average volume of 2,749,939. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84. Broadcom Limited has a 1-year low of $160.62 and a 1-year high of $281.80. The company has a market cap of $111,020.00, a PE ratio of 19.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last issued its earnings results 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. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the firm posted $2.89 EPS. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. analysts forecast that Broadcom Limited will post 13.91 EPS for the current fiscal year.

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Several research analysts have recently weighed in on the company. Mizuho reissued a “buy” rating and issued a $290.00 price objective on shares of Broadcom Limited in a research report on Monday, November 6th. Drexel Hamilton reissued a “buy” rating and issued a $302.00 price objective on shares of Broadcom Limited in a research report on Monday, November 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Broadcom Limited in a research report on Friday, November 3rd. Jefferies Group LLC lifted their price objective on Broadcom Limited from $70.00 to $315.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Finally, Nomura reissued a “buy” rating and issued a $300.00 price objective (up from $273.63) 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 assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. Broadcom Limited presently has an average rating of “Buy” and a consensus price target of $284.31.

Institutional investors have recently added to or reduced their stakes in the company. AllSquare Wealth Management LLC bought a new position in shares of Broadcom Limited in the third quarter worth $113,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Broadcom Limited in the second quarter worth $113,000. Shine Investment Advisory Services Inc. bought a new position in shares of Broadcom Limited in the second quarter worth $116,000. D. Scott Neal Inc. bought a new position in shares of Broadcom Limited in the second quarter worth $127,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Broadcom Limited by 473.0% in the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock worth $134,000 after purchasing an additional 473 shares during the period. 90.11% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Limited 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 Limited (NASDAQ:AVGO)

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