Seaward Management Limited Partnership lowered its position in shares of Broadcom Limited (NASDAQ:AVGO) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 329,262 shares of the semiconductor manufacturer’s stock after selling 14,764 shares during the period. Broadcom Limited makes up approximately 3.8% of Seaward Management Limited Partnership’s portfolio, making the stock its 2nd largest position. Seaward Management Limited Partnership’s holdings in Broadcom Limited were worth $76,734,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AVGO. Tompkins Financial Corp boosted its stake in shares of Broadcom Limited by 10.1% in the first quarter. Tompkins Financial Corp now owns 2,885 shares of the semiconductor manufacturer’s stock worth $446,000 after buying an additional 265 shares during the last quarter. Capital City Trust Co. FL boosted its stake in shares of Broadcom Limited by 21.2% in the first quarter. Capital City Trust Co. FL now owns 3,977 shares of the semiconductor manufacturer’s stock worth $871,000 after buying an additional 696 shares during the last quarter. Atria Investments LLC boosted its stake in shares of Broadcom Limited by 135.4% in the first quarter. Atria Investments LLC now owns 4,129 shares of the semiconductor manufacturer’s stock worth $904,000 after buying an additional 2,375 shares during the last quarter. American National Bank boosted its stake in shares of Broadcom Limited by 125,580.0% in the first quarter. American National Bank now owns 12,568 shares of the semiconductor manufacturer’s stock worth $2,752,000 after buying an additional 12,558 shares during the last quarter. Finally, BKD Wealth Advisors LLC boosted its stake in shares of Broadcom Limited by 2.1% in the first quarter. BKD Wealth Advisors LLC now owns 2,361 shares of the semiconductor manufacturer’s stock worth $517,000 after buying an additional 48 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Broadcom Limited (NASDAQ AVGO) opened at 249.17 on Thursday. The company’s market cap is $101.31 billion. Broadcom Limited has a 1-year low of $158.75 and a 1-year high of $258.49. The stock has a 50 day moving average price of $246.02 and a 200 day moving average price of $228.26.

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

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A number of analysts have recently issued reports on the company. UBS AG reiterated a “buy” rating and set a $265.00 target price (up previously from $245.00) on shares of Broadcom Limited in a report on Monday, June 5th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $285.00 target price on shares of Broadcom Limited in a report on Wednesday, July 12th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and set a $300.00 target price on shares of Broadcom Limited in a report on Friday, June 16th. Morgan Stanley reiterated an “overweight” rating and set a $280.00 target price (up previously from $265.00) on shares of Broadcom Limited in a report on Saturday, June 3rd. Finally, KeyCorp reiterated an “overweight” rating and set a $280.00 target price on shares of Broadcom Limited in a report on Wednesday, July 12th. 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 stock. Broadcom Limited presently has an average rating of “Buy” and a consensus price target of $263.22.

In related news, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $253.41, for a total value of $7,602,300.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kirsten M. Spears sold 1,306 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were 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. In the last ninety days, insiders sold 41,306 shares of company stock worth $10,380,120. 3.60% of the stock is owned by insiders.

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.

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

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