Broadcom Limited (NASDAQ:AVGO) has been given a consensus recommendation of “Buy” by the thirty-nine ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $265.10.

A number of research analysts have commented on the company. Morgan Stanley upped their price target on Broadcom Limited from $280.00 to $290.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. KeyCorp restated an “overweight” rating and set a $280.00 price target on shares of Broadcom Limited in a research note on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $285.00 price target on shares of Broadcom Limited in a research note on Wednesday, July 12th. Vetr cut Broadcom Limited from a “strong-buy” rating to a “buy” rating and set a $260.93 price target on the stock. in a research note on Monday, July 10th. Finally, Mizuho restated a “buy” rating and set a $275.00 price target on shares of Broadcom Limited in a research note on Monday, July 3rd.

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In related news, SVP Bryan Ingram sold 10,000 shares of Broadcom Limited stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $244.59, for a total transaction of $2,445,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kirsten M. Spears sold 1,306 shares of Broadcom Limited stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $254.15, for a total value of $331,919.90. The disclosure for this sale can be found here. Insiders have sold a total of 41,306 shares of company stock valued at $10,380,120 over the last 90 days. Insiders own 3.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. OLD Second National Bank of Aurora boosted its stake in Broadcom Limited by 108.3% in the second quarter. OLD Second National Bank of Aurora now owns 9,523 shares of the semiconductor manufacturer’s stock valued at $2,220,000 after buying an additional 4,951 shares during the last quarter. Greenleaf Trust boosted its stake in Broadcom Limited by 1.3% in the second quarter. Greenleaf Trust now owns 3,414 shares of the semiconductor manufacturer’s stock valued at $796,000 after buying an additional 45 shares during the last quarter. Jag Capital Management LLC purchased a new stake in Broadcom Limited during the second quarter valued at approximately $4,073,000. First Citizens Bank & Trust Co. purchased a new stake in Broadcom Limited during the second quarter valued at approximately $373,000. Finally, Osborne Partners Capital Management LLC purchased a new stake in Broadcom Limited during the second quarter valued at approximately $2,105,000. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) traded up 0.15% during mid-day trading on Friday, hitting $253.48. The company had a trading volume of 828,697 shares. The company has a 50-day moving average price of $243.44 and a 200 day moving average price of $221.40. The firm’s market capitalization is $103.06 billion. Broadcom Limited has a 12 month low of $156.69 and a 12 month high of $256.78.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, June 1st. The semiconductor manufacturer reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.19. Broadcom Limited had a positive return on equity of 24.15% and a negative net margin of 1.54%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the firm earned $2.53 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. Equities analysts forecast that Broadcom Limited will post $15.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Monday, June 19th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $4.08 annualized dividend and a dividend yield of 1.61%. Broadcom Limited’s dividend payout ratio is currently -566.66%.

About Broadcom Limited

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.

Analyst Recommendations for Broadcom Limited (NASDAQ:AVGO)

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