M&R Capital Management Inc. boosted its stake in shares of Broadcom Limited (NASDAQ:AVGO) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,380 shares of the semiconductor manufacturer’s stock after purchasing an additional 515 shares during the period. Broadcom makes up approximately 1.8% of M&R Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. M&R Capital Management Inc.’s holdings in Broadcom were worth $7,612,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AVGO. Ingalls & Snyder LLC increased its position in shares of Broadcom by 8.6% in the second quarter. Ingalls & Snyder LLC now owns 1,331 shares of the semiconductor manufacturer’s stock worth $310,000 after acquiring an additional 105 shares in the last quarter. IFP Advisors Inc increased its position in shares of Broadcom by 13.4% in the second quarter. IFP Advisors Inc now owns 2,169 shares of the semiconductor manufacturer’s stock worth $506,000 after acquiring an additional 257 shares in the last quarter. Davis R M Inc. increased its position in shares of Broadcom by 4.7% in the second quarter. Davis R M Inc. now owns 1,814 shares of the semiconductor manufacturer’s stock worth $423,000 after acquiring an additional 81 shares in the last quarter. Advisor Partners LLC increased its position in shares of Broadcom by 10.0% in the second quarter. Advisor Partners LLC now owns 5,885 shares of the semiconductor manufacturer’s stock worth $1,372,000 after acquiring an additional 537 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its position in shares of Broadcom by 2.2% in the second quarter. Pioneer Investment Management Inc. now owns 1,236,209 shares of the semiconductor manufacturer’s stock worth $288,099,000 after acquiring an additional 26,246 shares in the last quarter. 88.99% of the stock is currently owned by institutional investors.

Broadcom Limited (NASDAQ:AVGO) opened at $263.89 on Thursday. The firm has a market cap of $106,747.80, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 1.26 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 fifty-two week low of $163.67 and a fifty-two week high of $285.68.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.07. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.84 billion. Broadcom had a net margin of 3.12% and a return on equity of 26.82%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $3.47 EPS. sell-side analysts predict that Broadcom Limited will post 13.93 earnings per share for the current year.

In other news, CFO Thomas H. Krause sold 2,595 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $267.34, for a total value of $693,747.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $246.48, for a total transaction of $4,929,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,383 shares of company stock worth $25,949,184. Insiders own 3.60% of the company’s stock.

AVGO has been the subject of several recent research reports. Royal Bank Of Canada reissued a “buy” rating and issued a $270.00 price objective on shares of Broadcom in a research report on Friday, August 11th. BidaskClub lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Vetr raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $258.25 price target for the company in a report on Monday, August 14th. Cowen reaffirmed a “buy” rating and set a $260.00 price target on shares of Broadcom in a report on Friday, August 11th. Finally, Zacks Investment Research lowered shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $293.51.

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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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