Broadcom Ltd (NASDAQ:AVGO) SVP Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $225.16, for a total value of $2,251,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Charlie B. Kawwas also recently made the following trade(s):

  • On Thursday, March 2nd, Charlie B. Kawwas sold 1,520 shares of Broadcom stock. The stock was sold at an average price of $220.10, for a total value of $334,552.00.
  • On Monday, December 19th, Charlie B. Kawwas sold 357 shares of Broadcom stock. The stock was sold at an average price of $180.00, for a total value of $64,260.00.

Broadcom Ltd (NASDAQ:AVGO) opened at 221.24 on Tuesday. The company’s market cap is $88.80 billion. Broadcom Ltd has a 1-year low of $139.18 and a 1-year high of $227.75. The stock has a 50 day moving average of $212.50 and a 200-day moving average of $184.08.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.48 by $0.15. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Broadcom had a negative net margin of 13.13% and a positive return on equity of 22.77%. Broadcom’s quarterly revenue was up 132.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.41 EPS. On average, equities research analysts predict that Broadcom Ltd will post $14.85 earnings per share for the current year.

Insider Buying and Selling by Quarter for Broadcom (NASDAQ:AVGO)

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 20th will be issued a $1.02 dividend. The ex-dividend date is Thursday, March 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.84%. Broadcom’s payout ratio is -100.49%.

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A number of equities analysts have recently commented on AVGO shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $190.00 price objective on shares of Broadcom in a research note on Wednesday, November 30th. Zacks Investment Research upgraded Broadcom from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Thursday, December 1st. Vetr upgraded Broadcom from a “buy” rating to a “strong-buy” rating and set a $185.00 price objective on the stock in a research note on Thursday, December 1st. B. Riley reiterated a “buy” rating and issued a $215.00 price objective on shares of Broadcom in a research note on Friday, December 2nd. Finally, Loop Capital started coverage on Broadcom in a research note on Tuesday, December 6th. They issued a “buy” rating and a $206.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $227.58.

Several large investors have recently modified their holdings of AVGO. Independent Advisor Alliance purchased a new stake in shares of Broadcom during the fourth quarter worth about $127,000. Sciencast Management LP purchased a new stake in shares of Broadcom during the fourth quarter worth about $220,000. Martingale Asset Management L P purchased a new stake in shares of Broadcom during the fourth quarter worth about $231,000. Sii Investments Inc. WI purchased a new stake in shares of Broadcom during the fourth quarter worth about $234,000. Finally, CAMG Solamere Management LLC purchased a new stake in shares of Broadcom during the fourth quarter worth about $249,000. 91.85% of the stock is currently owned by institutional investors.

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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