Broadcom Limited (NASDAQ:AVGO) CFO Thomas H. Krause sold 2,595 shares of Broadcom Limited stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Broadcom Limited (AVGO) opened at $271.86 on Friday. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $281.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48. The company has a market cap of $110,913.16, a P/E ratio of 20.55, a P/E/G ratio of 1.34 and a beta of 1.05.
Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, topping the consensus estimate of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the prior year, the business posted $2.89 earnings per share. Broadcom Limited’s revenue for the quarter was up 17.5% compared to the same quarter last year. equities research analysts expect that Broadcom Limited will post 13.91 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVGO. Mountain Capital Investment Advisors Inc purchased a new stake in Broadcom Limited during the second quarter worth approximately $113,000. AllSquare Wealth Management LLC purchased a new stake in Broadcom Limited during the third quarter worth approximately $113,000. Shine Investment Advisory Services Inc. purchased a new stake in Broadcom Limited during the second quarter worth approximately $116,000. D. Scott Neal Inc. purchased a new stake in Broadcom Limited during the second quarter worth approximately $127,000. Finally, Tower Research Capital LLC TRC grew its stake in Broadcom Limited by 473.0% during the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock worth $134,000 after buying an additional 473 shares during the period. Institutional investors own 90.11% of the company’s stock.
AVGO has been the topic of several analyst reports. Vetr raised shares of Broadcom Limited from a “hold” rating to a “buy” rating and set a $261.95 target price on the stock in a report on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $285.00 target price (up previously from $270.00) on shares of Broadcom Limited in a report on Saturday, August 26th. B. Riley reaffirmed a “buy” rating and issued a $305.00 target price on shares of Broadcom Limited in a report on Thursday, August 31st. BidaskClub downgraded shares of Broadcom Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Finally, Zacks Investment Research downgraded shares of Broadcom Limited from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $284.31.
About Broadcom Limited
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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