Bronfman E.L. Rothschild L.P. lifted its position in Broadcom Ltd (NASDAQ:AVGO) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,415 shares of the semiconductor manufacturer’s stock after buying an additional 1,143 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Broadcom were worth $1,134,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVGO. AllSquare Wealth Management LLC bought a new position in Broadcom during the third quarter valued at approximately $113,000. SeaCrest Wealth Management LLC bought a new position in Broadcom during the fourth quarter valued at approximately $124,000. Carroll Financial Associates Inc. lifted its position in Broadcom by 59.0% during the third quarter. Carroll Financial Associates Inc. now owns 593 shares of the semiconductor manufacturer’s stock valued at $144,000 after purchasing an additional 220 shares during the period. FNY Partners Fund LP bought a new position in Broadcom during the fourth quarter valued at approximately $154,000. Finally, Cable Hill Partners LLC lifted its position in Broadcom by 824.6% during the third quarter. Cable Hill Partners LLC now owns 638 shares of the semiconductor manufacturer’s stock valued at $155,000 after purchasing an additional 569 shares during the period. Hedge funds and other institutional investors own 88.46% of the company’s stock.

Broadcom Ltd (NASDAQ AVGO) opened at $244.40 on Tuesday. 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 Ltd has a 12-month low of $202.61 and a 12-month high of $285.68. The firm has a market cap of $99,710.00, a price-to-earnings ratio of 62.19, a P/E/G ratio of 0.98 and a beta of 0.88.

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

In related news, SVP Bryan Ingram sold 794 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $258.60, for a total transaction of $205,328.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Hock E. Tan sold 20,789 shares of the company’s stock in a transaction on 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. In the last 90 days, insiders have sold 86,674 shares of company stock valued at $22,659,390. 3.60% of the stock is owned by company insiders.

AVGO has been the topic of a number of research analyst reports. KeyCorp restated a “buy” rating and set a $290.00 price objective on shares of Broadcom in a research report on Tuesday, October 17th. Barclays increased their price objective on shares of Broadcom from $290.00 to $300.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Jefferies Group set a $286.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded shares of Broadcom from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Finally, Sanford C. Bernstein set a $285.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Broadcom currently has an average rating of “Buy” and an average target price of $301.33.

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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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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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