Broadcom Limited (NASDAQ:AVGO) SVP Bryan Ingram sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total transaction of $7,320,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bryan Ingram also recently made the following trade(s):

  • On Thursday, June 22nd, Bryan Ingram sold 10,000 shares of Broadcom Limited stock. The stock was sold at an average price of $244.59, for a total transaction of $2,445,900.00.

Broadcom Limited (NASDAQ:AVGO) opened at 250.55 on Friday. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $259.36. The stock has a market cap of $102.22 billion, a PE ratio of 190.82 and a beta of 1.07. The firm has a 50-day moving average of $249.04 and a 200 day moving average of $236.06.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm earned $2.89 earnings per share. Broadcom Limited’s revenue for the quarter was up 17.5% on a year-over-year basis. Analysts anticipate that Broadcom Limited will post $15.92 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be paid a dividend of $1.02 per share. The ex-dividend date is Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.63%. Broadcom Limited’s dividend payout ratio is currently 348.72%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Broadcom Limited by 3.0% during the second quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock worth $6,423,271,000 after buying an additional 793,335 shares during the period. BlackRock Inc. grew its stake in Broadcom Limited by 3.5% during the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after buying an additional 798,982 shares during the period. State Street Corp grew its stake in Broadcom Limited by 1.6% during the second quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock worth $3,742,946,000 after buying an additional 255,044 shares during the period. Ameriprise Financial Inc. grew its stake in Broadcom Limited by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after buying an additional 1,338,695 shares during the period. Finally, Wellington Management Group LLP grew its stake in Broadcom Limited by 29.3% during the first quarter. Wellington Management Group LLP now owns 6,710,760 shares of the semiconductor manufacturer’s stock worth $1,469,388,000 after buying an additional 1,519,598 shares during the period. Institutional investors own 90.04% of the company’s stock.

A number of research analysts have weighed in on AVGO shares. Morgan Stanley reiterated an “overweight” rating and issued a $265.00 price objective (up previously from $245.00) on shares of Broadcom Limited in a research report on Thursday, May 25th. Mizuho reiterated a “buy” rating and issued a $265.00 price objective (up previously from $250.00) on shares of Broadcom Limited in a research report on Sunday, May 28th. Pacific Crest reiterated an “overweight” rating and issued a $260.00 price objective on shares of Broadcom Limited in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Broadcom Limited from a “hold” rating to a “buy” rating and set a $272.00 price objective for the company in a research report on Tuesday, August 29th. Finally, Cowen and Company upped their price objective on shares of Broadcom Limited from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $274.48.

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.

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

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