Boston Private Wealth LLC Has $28.88 Million Holdings in Broadcom Limited (AVGO)
Boston Private Wealth LLC raised its holdings in Broadcom Limited (NASDAQ:AVGO) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 119,085 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,112 shares during the period. Broadcom accounts for about 1.1% of Boston Private Wealth LLC’s holdings, making the stock its 21st biggest position. Boston Private Wealth LLC’s holdings in Broadcom were worth $28,883,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Quantitative Systematic Strategies LLC grew its stake in shares of Broadcom by 348.3% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 4,335 shares of the semiconductor manufacturer’s stock valued at $1,051,000 after buying an additional 3,368 shares during the period. Alps Advisors Inc. purchased a new stake in shares of Broadcom during the 2nd quarter valued at $221,000. Osborne Partners Capital Management LLC grew its stake in shares of Broadcom by 5.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock valued at $2,312,000 after buying an additional 499 shares during the period. Principal Financial Group Inc. grew its stake in shares of Broadcom by 14.4% during the 2nd quarter. Principal Financial Group Inc. now owns 667,057 shares of the semiconductor manufacturer’s stock valued at $155,459,000 after buying an additional 83,929 shares during the period. Finally, DSAM Partners London Ltd grew its stake in shares of Broadcom by 103.4% during the 2nd quarter. DSAM Partners London Ltd now owns 184,714 shares of the semiconductor manufacturer’s stock valued at $43,048,000 after buying an additional 93,890 shares during the period. Institutional investors own 88.98% of the company’s stock.
In other Broadcom news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $260.03, for a total value of $5,200,600.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Thomas H. Krause sold 2,595 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. Insiders sold a total of 104,383 shares of company stock worth $25,949,184 in the last quarter. 3.60% of the stock is currently owned by company insiders.
Broadcom Limited (NASDAQ AVGO) opened at $271.50 on Thursday. Broadcom Limited has a 1-year low of $160.62 and a 1-year high of $285.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84. The company has a market cap of $113,173.48, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05.
Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.07. Broadcom had a net margin of 3.12% and a return on equity of 26.82%. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the business posted $2.89 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. equities analysts expect that Broadcom Limited will post 13.92 earnings per share for the current fiscal year.
AVGO has been the subject of several research reports. B. Riley reissued an “avgo (” rating and set a $305.00 price objective on shares of Broadcom in a research note on Monday, August 21st. Rosenblatt Securities reissued a “buy” rating and set a $270.00 price objective on shares of Broadcom in a research note on Wednesday, August 23rd. Vetr raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $258.25 price objective for the company in a research note on Monday, August 21st. Cowen reissued a “buy” rating and set a $260.00 price objective on shares of Broadcom in a research note on Friday, August 11th. Finally, BidaskClub cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $288.85.
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Broadcom 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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