Traders bought shares of Broadcom Limited (NASDAQ:AVGO) on weakness during trading on Wednesday. $203.44 million flowed into the stock on the tick-up and $111.50 million flowed out of the stock on the tick-down, for a money net flow of $91.94 million into the stock. Of all stocks tracked, Broadcom Limited had the 6th highest net in-flow for the day. Broadcom Limited traded down ($1.22) for the day and closed at $275.37

Several equities research analysts have issued reports on the company. Cowen and Company restated a “buy” rating and issued a $260.00 price target on shares of Broadcom Limited in a report on Friday, August 11th. B. Riley restated a “buy” rating and issued a $305.00 price target on shares of Broadcom Limited in a report on Saturday, August 26th. Craig Hallum restated a “buy” rating on shares of Broadcom Limited in a report on Wednesday, September 13th. Robert W. Baird restated an “outperform” rating and issued a $290.00 price target (up from $260.00) on shares of Broadcom Limited in a report on Friday, August 25th. Finally, J P Morgan Chase & Co restated a “buy” rating and issued a $315.00 price target on shares of Broadcom Limited in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $286.47.

The stock has a market cap of $112,350.00, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.89 EPS. analysts predict that Broadcom Limited will post 13.91 EPS for the current fiscal year.

In other Broadcom Limited news, CFO Thomas H. Krause sold 2,595 shares of Broadcom Limited stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total value of $693,747.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hock E. Tan sold 20,000 shares of Broadcom Limited stock in a transaction on Friday, September 15th. The shares were sold at an average price of $246.48, for a total value of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 104,383 shares of company stock valued at $25,949,184 over the last ninety days. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVGO. Harbour Capital Advisors LLC raised its holdings in Broadcom Limited by 22,924.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock valued at $6,569,000 after acquiring an additional 1,524,256 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Broadcom Limited by 80.3% in the 3rd quarter. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer’s stock valued at $823,980,000 after acquiring an additional 1,512,956 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Broadcom Limited by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after acquiring an additional 1,338,695 shares in the last quarter. Jennison Associates LLC raised its holdings in Broadcom Limited by 26.7% in the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock valued at $1,245,855,000 after acquiring an additional 1,128,052 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Broadcom Limited by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after purchasing an additional 798,982 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

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Broadcom Limited Company Profile

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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