Broadcom Limited (NASDAQ:AVGO) insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $260.03, for a total transaction of $5,200,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hock E. Tan also recently made the following trade(s):

  • On Friday, September 15th, Hock E. Tan sold 20,000 shares of Broadcom Limited stock. The shares were sold at an average price of $246.48, for a total transaction of $4,929,600.00.

Shares of Broadcom Limited (NASDAQ AVGO) opened at $271.86 on Monday. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom Limited has a fifty-two week low of $160.62 and a fifty-two week high of $281.80. The firm has a market capitalization of $110,913.27, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.34 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The firm had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the company earned $2.89 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. analysts anticipate that Broadcom Limited will post 13.91 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Broadcom Limited by 3.0% during the second quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock worth $6,423,271,000 after purchasing an additional 793,335 shares during the period. BlackRock Inc. lifted its holdings in shares of Broadcom Limited by 3.5% during the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after purchasing an additional 798,982 shares during the period. State Street Corp lifted its holdings in shares of Broadcom Limited by 1.6% during the second quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock worth $3,742,946,000 after purchasing an additional 255,044 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Broadcom Limited by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after purchasing an additional 1,338,695 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Broadcom Limited by 26.7% during the second quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after purchasing an additional 1,128,052 shares during the period. 89.42% of the stock is owned by hedge funds and other institutional investors.

AVGO has been the subject of a number of analyst reports. Vetr lowered shares of Broadcom Limited from a “buy” rating to a “hold” rating and set a $260.90 price objective for the company. in a report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $270.00 target price on shares of Broadcom Limited in a research report on Friday, August 11th. BidaskClub cut shares of Broadcom Limited from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Cowen and Company reaffirmed a “buy” rating and issued a $260.00 target price on shares of Broadcom Limited in a research report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Broadcom Limited from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $284.31.

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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