Newbrook Capital Advisors LP decreased its holdings in shares of Broadcom Ltd (NASDAQ:AVGO) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,404 shares of the semiconductor manufacturer’s stock after selling 32,468 shares during the period. Broadcom accounts for about 9.3% of Newbrook Capital Advisors LP’s portfolio, making the stock its biggest position. Newbrook Capital Advisors LP owned 0.13% of Broadcom worth $137,545,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AVGO. BKD Wealth Advisors LLC boosted its holdings in Broadcom by 8.7% in the fourth quarter. BKD Wealth Advisors LLC now owns 2,399 shares of the semiconductor manufacturer’s stock worth $616,000 after acquiring an additional 193 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in Broadcom by 14.4% in the third quarter. Cetera Advisor Networks LLC now owns 1,541 shares of the semiconductor manufacturer’s stock worth $373,000 after acquiring an additional 194 shares in the last quarter. Palladium Partners LLC boosted its holdings in Broadcom by 6.8% in the third quarter. Palladium Partners LLC now owns 3,141 shares of the semiconductor manufacturer’s stock worth $762,000 after acquiring an additional 200 shares in the last quarter. Kistler Tiffany Companies LLC boosted its holdings in Broadcom by 25.0% in the fourth quarter. Kistler Tiffany Companies LLC now owns 1,040 shares of the semiconductor manufacturer’s stock worth $267,000 after acquiring an additional 208 shares in the last quarter. Finally, M&R Capital Management Inc. boosted its holdings in Broadcom by 0.7% in the fourth quarter. M&R Capital Management Inc. now owns 31,590 shares of the semiconductor manufacturer’s stock worth $8,112,000 after acquiring an additional 210 shares in the last quarter. Institutional investors own 89.52% of the company’s stock.
In other Broadcom news, CEO Hock E. Tan sold 20,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $259.68, for a total transaction of $5,193,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas H. Krause sold 656 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $264.38, for a total value of $173,433.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 84,481 shares of company stock valued at $21,805,795. 3.32% of the stock is owned by corporate insiders.
Broadcom Ltd (NASDAQ:AVGO) opened at $262.50 on Wednesday. Broadcom Ltd has a twelve month low of $208.44 and a twelve month high of $285.68. The firm has a market capitalization of $107,300.00, a price-to-earnings ratio of 66.47, a price-to-earnings-growth ratio of 1.10 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.
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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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