Alps Advisors Inc. increased its holdings in shares of Broadcom Ltd (NASDAQ:AVGO) by 20.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,504 shares of the semiconductor manufacturer’s stock after purchasing an additional 420 shares during the period. Alps Advisors Inc.’s holdings in Broadcom were worth $643,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Jennison Associates LLC grew its holdings in Broadcom by 8.1% during the fourth quarter. Jennison Associates LLC now owns 5,583,858 shares of the semiconductor manufacturer’s stock worth $1,434,493,000 after purchasing an additional 418,420 shares during the period. Bank of New York Mellon Corp grew its holdings in Broadcom by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 5,309,909 shares of the semiconductor manufacturer’s stock worth $1,287,864,000 after purchasing an additional 36,356 shares during the period. Janus Henderson Group PLC grew its holdings 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 worth $823,980,000 after purchasing an additional 1,512,956 shares during the period. Allianz Asset Management GmbH grew its holdings in Broadcom by 12.2% during the third quarter. Allianz Asset Management GmbH now owns 2,736,846 shares of the semiconductor manufacturer’s stock worth $663,795,000 after purchasing an additional 297,100 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Broadcom by 7.1% during the third quarter. Wells Fargo & Company MN now owns 2,223,092 shares of the semiconductor manufacturer’s stock worth $539,188,000 after purchasing an additional 147,737 shares during the period. Institutional investors and hedge funds own 88.54% of the company’s stock.

Shares of Broadcom Ltd (AVGO) opened at $235.50 on Monday. The firm has a market cap of $96,080.00, a price-to-earnings ratio of 59.92, a price-to-earnings-growth ratio of 0.98 and a beta of 0.88. Broadcom Ltd has a one year low of $202.61 and a one year high of $285.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.68 and a current ratio of 6.26.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, topping analysts’ consensus estimates of $4.52 by $0.07. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.84 billion. Broadcom had a net margin of 10.18% and a return on equity of 28.64%. The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.47 earnings per share. sell-side analysts expect that Broadcom Ltd will post 17.41 EPS for the current year.

In other Broadcom news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $265.21, for a total transaction of $5,304,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Thomas H. Krause sold 2,595 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,674 shares of company stock worth $22,659,390. Insiders own 3.60% of the company’s stock.

A number of equities analysts recently commented on AVGO shares. Barclays lifted their price target on Broadcom from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. B. Riley lifted their price target on Broadcom from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Vetr cut Broadcom from a “strong-buy” rating to a “buy” rating and set a $295.36 price target for the company. in a report on Wednesday, January 3rd. Royal Bank of Canada lifted their price target on Broadcom from $300.00 to $315.00 and gave the stock a “top pick” rating in a report on Monday, November 20th. Finally, BidaskClub cut Broadcom from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-three have issued a buy rating and one has issued a strong buy rating to the company. Broadcom presently has an average rating of “Buy” and a consensus price target of $301.33.

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Broadcom 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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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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