Charlie B. Kawwas Sells 997 Shares of Broadcom Ltd (AVGO) Stock
Broadcom Ltd (NASDAQ:AVGO) SVP Charlie B. Kawwas sold 997 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $243.88, for a total value of $243,148.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Charlie B. Kawwas also recently made the following trade(s):
- On Monday, December 18th, Charlie B. Kawwas sold 1,051 shares of Broadcom stock. The shares were sold at an average price of $264.38, for a total value of $277,863.38.
Shares of Broadcom Ltd (NASDAQ:AVGO) traded down $3.89 during mid-day trading on Monday, reaching $246.98. The company had a trading volume of 2,566,246 shares, compared to its average volume of 4,020,000. The stock has a market cap of $101,380.00, a price-to-earnings ratio of 62.84, a price-to-earnings-growth ratio of 1.05 and a beta of 0.88. Broadcom Ltd has a one year low of $208.44 and a one year high of $285.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.26 and a quick ratio of 5.68.
AVGO has been the topic of several recent research reports. Vetr cut Broadcom from a “strong-buy” rating to a “buy” rating and set a $295.36 target price on the stock. in a research report on Wednesday, January 3rd. Royal Bank of Canada increased their target price on Broadcom from $300.00 to $315.00 and gave the company a “top pick” rating in a research report on Monday, November 20th. BidaskClub lowered Broadcom from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Canaccord Genuity increased their price objective on Broadcom from $100.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Broadcom in a report on Tuesday, January 23rd. Three research 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 company currently has an average rating of “Buy” and a consensus price target of $305.42.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVGO. AllSquare Wealth Management LLC purchased a new position in shares of Broadcom during the 3rd quarter valued at about $113,000. SeaCrest Wealth Management LLC purchased a new position in shares of Broadcom during the 4th quarter valued at about $124,000. We Are One Seven LLC purchased a new position in shares of Broadcom during the 4th quarter valued at about $142,000. FNY Partners Fund LP purchased a new position in shares of Broadcom during the 4th quarter valued at about $154,000. Finally, Independence Bank of Kentucky purchased a new position in shares of Broadcom during the 4th quarter valued at about $188,000. Institutional investors and hedge funds own 88.67% of the company’s stock.
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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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