Bainco International Investors increased its position in shares of Broadcom Ltd (NASDAQ:AVGO) by 52.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,541 shares of the semiconductor manufacturer’s stock after buying an additional 18,797 shares during the period. Broadcom comprises approximately 1.6% of Bainco International Investors’ holdings, making the stock its 16th largest holding. Bainco International Investors’ holdings in Broadcom were worth $13,409,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in AVGO. AllSquare Wealth Management LLC purchased a new position in shares of Broadcom during the third quarter valued at $113,000. SeaCrest Wealth Management LLC purchased a new position in shares of Broadcom during the fourth quarter valued at $124,000. FNY Partners Fund LP purchased a new position in shares of Broadcom during the fourth quarter valued at $154,000. Independence Bank of Kentucky purchased a new position in shares of Broadcom during the fourth quarter valued at $188,000. Finally, Premia Global Advisors LLC purchased a new position in shares of Broadcom during the fourth quarter valued at $198,000. Hedge funds and other institutional investors own 89.52% of the company’s stock.
Shares of Broadcom Ltd (NASDAQ AVGO) opened at $262.84 on Tuesday. Broadcom Ltd has a 52 week low of $208.44 and a 52 week high of $285.68. The firm has a market capitalization of $107,890.00, a PE ratio of 66.88, a PEG ratio of 1.06 and a beta of 0.88. The company has a current ratio of 6.26, a quick ratio of 5.68 and a debt-to-equity ratio of 0.75.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Broadcom from a “hold” rating to a “buy” rating and set a $284.00 price target on the stock in a research note on Monday. BMO Capital Markets raised their price target on Broadcom from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Monday. Rosenblatt Securities restated a “buy” rating on shares of Broadcom in a research note on Sunday. BidaskClub upgraded Broadcom from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Finally, B. Riley restated a “buy” rating and set a $335.00 price target (up previously from $330.00) on shares of Broadcom in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. Broadcom presently has a consensus rating of “Buy” and a consensus target price of $306.45.
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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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