Broadcom Inc (NASDAQ:AVGO) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $311.10 and last traded at $309.29, with a volume of 789987 shares trading hands. The stock had previously closed at $315.71.

AVGO has been the topic of several recent research reports. DA Davidson upped their price target on Broadcom to $325.00 and gave the stock a “buy” rating in a report on Friday, March 15th. MKM Partners upped their price target on Broadcom to $310.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Zacks Investment Research downgraded Broadcom from a “hold” rating to a “sell” rating in a report on Tuesday, March 19th. JPMorgan Chase & Co. upped their price target on Broadcom from $325.00 to $365.00 in a report on Monday, March 18th. Finally, Loop Capital upped their price target on Broadcom to $315.00 and gave the stock a “buy” rating in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty have given a buy rating to the company. Broadcom currently has a consensus rating of “Buy” and a consensus target price of $303.41.

The firm has a market cap of $122.16 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.27 and a quick ratio of 1.14.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, March 14th. The semiconductor manufacturer reported $5.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.32 by $1.23. Broadcom had a return on equity of 30.31% and a net margin of 30.50%. The firm had revenue of $5.79 billion for the quarter, compared to analysts’ expectations of $5.83 billion. During the same quarter last year, the firm earned $5.12 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Broadcom Inc will post 17.65 earnings per share for the current fiscal year.

In other Broadcom news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $315.07, for a total transaction of $6,301,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Thomas H. Krause sold 14,494 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $295.45, for a total value of $4,282,252.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 87,824 shares of company stock worth $26,390,919. 3.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of AVGO. Accurate Investment Solutions Inc. purchased a new stake in shares of Broadcom during the fourth quarter worth about $25,000. Ruggie Capital Group bought a new stake in Broadcom in the fourth quarter valued at about $25,000. AlphaOne Investment Services LLC bought a new stake in Broadcom in the fourth quarter valued at about $25,000. First Financial Corp IN bought a new stake in Broadcom in the first quarter valued at about $30,000. Finally, Daiwa SB Investments Ltd. bought a new stake in Broadcom in the first quarter valued at about $30,000. Institutional investors own 86.99% of the company’s stock.

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About Broadcom (NASDAQ:AVGO)

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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