Hound Partners LLC purchased a new position in Broadcom Ltd (NASDAQ:AVGO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 216,858 shares of the semiconductor manufacturer’s stock, valued at approximately $55,711,000. Broadcom accounts for approximately 1.5% of Hound Partners LLC’s portfolio, making the stock its 16th largest position. Hound Partners LLC owned approximately 0.05% of Broadcom at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in Broadcom by 80.3% during the third quarter. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer’s stock valued at $823,980,000 after buying an additional 1,512,956 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Broadcom during the fourth quarter valued at $215,260,000. Coatue Management LLC boosted its stake in Broadcom by 28.2% during the fourth quarter. Coatue Management LLC now owns 3,735,957 shares of the semiconductor manufacturer’s stock valued at $959,768,000 after buying an additional 821,739 shares during the period. Asset Management One Co. Ltd. boosted its stake in Broadcom by 5,482.5% during the third quarter. Asset Management One Co. Ltd. now owns 604,530 shares of the semiconductor manufacturer’s stock valued at $146,624,000 after buying an additional 593,701 shares during the period. Finally, BlackRock Inc. boosted its stake in Broadcom by 2.1% during the fourth quarter. BlackRock Inc. now owns 24,924,233 shares of the semiconductor manufacturer’s stock valued at $6,403,033,000 after buying an additional 508,470 shares during the period. 89.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Broadcom Ltd (NASDAQ AVGO) opened at $262.50 on Wednesday. The company has a quick ratio of 5.68, a current ratio of 6.26 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $107,300.00, a PE ratio of 66.47, a P/E/G ratio of 1.10 and a beta of 0.88. Broadcom Ltd has a 12 month low of $208.44 and a 12 month high of $285.68.
In other Broadcom news, CFO Thomas H. Krause sold 656 shares of Broadcom stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $264.38, for a total transaction of $173,433.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Hock E. Tan sold 20,789 shares of Broadcom stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $259.85, for a total value of $5,402,021.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 84,481 shares of company stock worth $21,805,795. Insiders own 3.32% of the company’s stock.
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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