Columbus Circle Investors decreased its stake in Broadcom Limited (NASDAQ:AVGO) by 20.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,278 shares of the semiconductor manufacturer’s stock after selling 65,942 shares during the period. Broadcom Limited makes up 1.1% of Columbus Circle Investors’ portfolio, making the stock its 25th biggest position. Columbus Circle Investors owned 0.06% of Broadcom Limited worth $62,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Broadcom Limited by 3.0% in 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. boosted its position in shares of Broadcom Limited by 3.5% in 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 boosted its position in shares of Broadcom Limited by 1.6% in 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. boosted its position in shares of Broadcom Limited by 18.2% in 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, Jennison Associates LLC boosted its position in shares of Broadcom Limited by 26.7% in the second quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after buying an additional 1,128,052 shares during the period. 90.11% of the stock is owned by institutional investors.

Broadcom Limited (NASDAQ:AVGO) traded up $6.51 on Friday, hitting $272.11. The stock had a trading volume of 3,100,000 shares, compared to its average volume of 2,751,485. The company has a market cap of $110,720.00, a price-to-earnings ratio of 20.08, a PEG ratio of 1.31 and a beta of 1.05. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom Limited has a 1-year low of $160.62 and a 1-year high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.07. The business had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period last year, the company posted $2.89 EPS. equities research analysts expect that Broadcom Limited will post 13.91 EPS for the current fiscal year.

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AVGO has been the subject of several analyst reports. B. Riley reaffirmed an “avgo (” rating and issued a $305.00 target price on shares of Broadcom Limited in a research report on Monday, August 21st. Rosenblatt Securities reissued a “buy” rating and issued a $270.00 price target on shares of Broadcom Limited in a report on Wednesday, August 23rd. Vetr raised Broadcom Limited from a “hold” rating to a “buy” rating and set a $258.25 price target for the company in a report on Monday, August 21st. Cowen and Company reissued a “buy” rating and issued a $260.00 price target on shares of Broadcom Limited in a report on Friday, August 11th. Finally, BidaskClub downgraded Broadcom Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $284.31.

In other news, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,788 shares of company stock valued at $20,054,837. Corporate 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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