Cornerstone Capital Management Holdings LLC. decreased its stake in shares of Broadcom Ltd (NASDAQ:AVGO) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,991 shares of the semiconductor manufacturer’s stock after selling 9,209 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Broadcom were worth $32,365,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. OLD Mission Capital LLC acquired a new position in Broadcom during the 4th quarter valued at about $905,000. Circle Wealth Management LLC acquired a new position in Broadcom during the 4th quarter valued at about $205,000. Bainco International Investors increased its stake in Broadcom by 52.6% during the 4th quarter. Bainco International Investors now owns 54,541 shares of the semiconductor manufacturer’s stock valued at $13,409,000 after buying an additional 18,797 shares during the period. Raymond James & Associates increased its stake in Broadcom by 7.8% during the 4th quarter. Raymond James & Associates now owns 782,909 shares of the semiconductor manufacturer’s stock valued at $201,141,000 after buying an additional 56,830 shares during the period. Finally, Ardsley Advisory Partners acquired a new position in Broadcom during the 4th quarter valued at about $1,029,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.
In other Broadcom news, insider Kirsten M. Spears sold 199 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $243.88, for a total value of $48,532.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hock E. Tan sold 20,789 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $259.85, for a total transaction of $5,402,021.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,481 shares of company stock valued at $21,805,795. Corporate insiders own 3.32% of the company’s stock.
Broadcom Ltd (NASDAQ:AVGO) opened at $261.22 on Wednesday. Broadcom Ltd has a fifty-two week low of $208.44 and a fifty-two week high of $285.68. The company has a market cap of $107,962.05, a PE ratio of 61.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.88. The company has a quick ratio of 5.68, a current ratio of 6.26 and a debt-to-equity ratio of 0.75.
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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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