Rational Advisors LLC decreased its holdings in Broadcom Inc (NASDAQ:AVGO) by 90.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 407 shares of the semiconductor manufacturer’s stock after selling 3,753 shares during the quarter. Rational Advisors LLC’s holdings in Broadcom were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AVGO. Massey Quick Simon & CO. LLC bought a new stake in Broadcom during the second quarter valued at $104,000. Zions Bancorporation bought a new stake in Broadcom during the second quarter valued at $109,000. MUFG Americas Holdings Corp bought a new stake in Broadcom during the second quarter valued at $109,000. MUFG Securities EMEA plc bought a new stake in Broadcom during the second quarter valued at $117,000. Finally, First Personal Financial Services bought a new position in shares of Broadcom during the 2nd quarter worth about $126,000. 85.12% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:AVGO opened at $227.71 on Wednesday. The company has a quick ratio of 3.42, a current ratio of 3.98 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $94.73 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.91 and a beta of 0.99. Broadcom Inc has a 52 week low of $197.46 and a 52 week high of $285.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, September 6th. The semiconductor manufacturer reported $4.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.82 by $0.16. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.06 billion. Broadcom had a net margin of 58.18% and a return on equity of 28.54%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $4.10 EPS. Equities analysts forecast that Broadcom Inc will post 18.09 earnings per share for the current year.

A number of equities analysts have recently issued reports on AVGO shares. Piper Jaffray Companies set a $293.00 price objective on shares of Broadcom and gave the stock a “buy” rating in a research report on Tuesday, September 25th. Zacks Investment Research reissued a “hold” rating on shares of Broadcom in a research report on Monday, November 12th. Mizuho reissued a “buy” rating on shares of Broadcom in a research report on Friday, October 5th. ValuEngine raised shares of Broadcom from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Finally, Bank of America raised shares of Broadcom from a “neutral” rating to a “buy” rating in a research report on Friday, September 7th. Nine equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $290.02.

In other Broadcom news, insider Hock E. Tan sold 20,000 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $238.62, for a total value of $4,772,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kirsten M. Spears sold 1,194 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $246.52, for a total transaction of $294,344.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,194 shares of company stock valued at $14,266,145. Company insiders own 3.30% of the company’s stock.

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About Broadcom

Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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