Schwab Charles Investment Management Inc. boosted its stake in Broadcom Limited (NASDAQ:AVGO) by 3.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,233,216 shares of the semiconductor manufacturer’s stock after buying an additional 46,395 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Broadcom Limited were worth $287,401,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new stake in Broadcom Limited during the first quarter valued at $100,000. AllSquare Wealth Management LLC boosted its stake in Broadcom Limited by 38.0% in the first quarter. AllSquare Wealth Management LLC now owns 483 shares of the semiconductor manufacturer’s stock valued at $106,000 after buying an additional 133 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Broadcom Limited during the second quarter valued at $116,000. Crestwood Advisors Group LLC purchased a new stake in Broadcom Limited during the first quarter valued at $111,000. Finally, Archford Capital Strategies LLC boosted its stake in Broadcom Limited by 45.4% in the first quarter. Archford Capital Strategies LLC now owns 538 shares of the semiconductor manufacturer’s stock valued at $118,000 after buying an additional 168 shares during the period. Institutional investors own 90.60% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) opened at 240.71 on Friday. The stock’s market cap is $97.87 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 of $245.89 and a 200 day moving average of $228.35.

Broadcom Limited (NASDAQ:AVGO) last released 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. Broadcom Limited had a negative net margin of 1.54% and a positive return on equity of 24.15%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts anticipate that Broadcom Limited will post $15.78 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on the stock. UBS AG reiterated a “buy” rating and set a $265.00 price objective (up from $245.00) on shares of Broadcom Limited in a research report on Monday, June 5th. Royal Bank Of Canada reiterated a “buy” rating and set a $270.00 price objective on shares of Broadcom Limited in a research report on Friday. Vetr cut shares of Broadcom Limited from a “buy” rating to a “hold” rating and set a $258.25 price objective for the company. in a research report on Tuesday. B. Riley reiterated a “buy” rating and set a $305.00 price objective on shares of Broadcom Limited in a research report on Sunday, June 4th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $285.00 price objective on shares of Broadcom Limited in a research report on Wednesday, July 12th. Two analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $263.22.

In other news, insider Kirsten M. Spears sold 1,306 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $254.15, for a total transaction of $331,919.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan Ingram sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $253.41, for a total transaction of $7,602,300.00. 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 in the last ninety days. Insiders own 3.60% of the company’s stock.

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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