Hillsdale Investment Management Inc. boosted its position in shares of Broadcom Limited (NASDAQ:AVGO) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,500 shares of the semiconductor manufacturer’s stock after acquiring an additional 300 shares during the period. Hillsdale Investment Management Inc.’s holdings in Broadcom were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AVGO. Sumitomo Life Insurance Co. lifted its position in Broadcom by 8.7% during the second quarter. Sumitomo Life Insurance Co. now owns 25,519 shares of the semiconductor manufacturer’s stock valued at $5,947,000 after acquiring an additional 2,042 shares during the last quarter. IBM Retirement Fund increased its stake in Broadcom by 82.9% during the 2nd quarter. IBM Retirement Fund now owns 9,764 shares of the semiconductor manufacturer’s stock valued at $2,543,000 after purchasing an additional 4,427 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in Broadcom by 22,924.6% during 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 purchasing an additional 1,524,256 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Broadcom by 4.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 43,975 shares of the semiconductor manufacturer’s stock valued at $10,248,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in Broadcom by 8.8% during the 2nd quarter. Alpha Cubed Investments LLC now owns 5,277 shares of the semiconductor manufacturer’s stock valued at $1,230,000 after purchasing an additional 428 shares in the last quarter. 88.98% of the stock is owned by institutional investors.

In related news, SVP Bryan Ingram sold 30,000 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $244.01, for a total transaction of $7,320,300.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas H. Krause sold 2,595 shares of the 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 have sold 104,383 shares of company stock worth $25,949,184 over the last three months. 3.60% of the stock is currently owned by insiders.

AVGO has been the topic of a number of recent analyst reports. Deutsche Bank upped their price target on shares of Broadcom from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Broadcom from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Sanford C. Bernstein restated an “outperform” rating and set a $285.00 price target on shares of Broadcom in a research note on Tuesday, October 10th. Vetr lowered shares of Broadcom from a “buy” rating to a “hold” rating and set a $261.95 price target on the stock. in a research note on Monday, September 4th. Finally, Barclays upped their price target on shares of Broadcom from $290.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Four analysts have rated the stock with a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $288.85.

Shares of Broadcom Limited (AVGO) opened at $271.56 on Friday. The firm has a market cap of $113,393.80, a price-to-earnings ratio of 21.01, a PEG ratio of 1.34 and a beta of 1.05. Broadcom Limited has a 52 week low of $160.62 and a 52 week high of $285.68. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $4.46 billion. During the same period in the prior year, the firm posted $2.89 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. research analysts forecast that Broadcom Limited will post 13.93 EPS for the current fiscal year.

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Broadcom 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.

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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