Bailard Inc. purchased a new position in shares of Broadcom Ltd (NASDAQ:AVGO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,477 shares of the semiconductor manufacturer’s stock, valued at approximately $2,692,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BKD Wealth Advisors LLC raised its holdings in Broadcom by 8.7% during the fourth quarter. BKD Wealth Advisors LLC now owns 2,399 shares of the semiconductor manufacturer’s stock worth $616,000 after purchasing an additional 193 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in Broadcom by 14.4% during the third quarter. Cetera Advisor Networks LLC now owns 1,541 shares of the semiconductor manufacturer’s stock worth $373,000 after purchasing an additional 194 shares in the last quarter. Palladium Partners LLC raised its holdings in Broadcom by 6.8% during the third quarter. Palladium Partners LLC now owns 3,141 shares of the semiconductor manufacturer’s stock worth $762,000 after purchasing an additional 200 shares in the last quarter. Kistler Tiffany Companies LLC raised its holdings in Broadcom by 25.0% during the fourth quarter. Kistler Tiffany Companies LLC now owns 1,040 shares of the semiconductor manufacturer’s stock worth $267,000 after purchasing an additional 208 shares in the last quarter. Finally, Oxbow Advisors LLC raised its holdings in Broadcom by 14.1% during the fourth quarter. Oxbow Advisors LLC now owns 1,720 shares of the semiconductor manufacturer’s stock worth $442,000 after purchasing an additional 213 shares in the last quarter. 88.46% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $264.00 price target for the company in a report on Tuesday. BidaskClub raised shares of Broadcom from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 7th. Jefferies Group set a $286.00 target price on shares of Broadcom and gave the company a “buy” rating in a report on Wednesday, October 18th. B. Riley reaffirmed a “buy” rating and issued a $335.00 target price (up from $330.00) on shares of Broadcom in a report on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Broadcom in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the stock. Broadcom presently has an average rating of “Buy” and a consensus target price of $301.58.

In other Broadcom news, SVP Bryan Ingram sold 794 shares of Broadcom stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $258.60, for a total value of $205,328.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hock E. Tan sold 20,000 shares of Broadcom 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,079 shares of company stock worth $16,765,043. 3.60% of the stock is owned by company insiders.

Shares of Broadcom Ltd (NASDAQ:AVGO) opened at $247.66 on Thursday. Broadcom Ltd has a 1 year low of $202.61 and a 1 year high of $285.68. The stock has a market cap of $100,754.02, a P/E ratio of 58.14, a P/E/G ratio of 1.03 and a beta of 0.88. 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 announced its earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the business earned $3.47 earnings per share. Broadcom’s revenue was up 17.1% compared to the same quarter last year. analysts forecast that Broadcom Ltd will post 17.41 EPS for the current year.

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About Broadcom

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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