Broadcom Limited (NASDAQ:AVGO) CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was 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 SEC, which is accessible through this hyperlink.
Shares of Broadcom Limited (NASDAQ AVGO) traded down $7.95 during trading on Monday, reaching $263.61. The company had a trading volume of 4,843,004 shares, compared to its average volume of 2,763,939. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48. Broadcom Limited has a 1 year low of $162.40 and a 1 year high of $285.68. The stock has a market cap of $107,550.00, a P/E ratio of 20.53, a P/E/G ratio of 1.30 and a beta of 1.05.
A number of research firms have recently issued reports on AVGO. B. Riley reaffirmed a “buy” rating and set a $305.00 target price on shares of Broadcom in a report on Saturday, August 26th. KeyCorp reaffirmed an “overweight” rating and issued a $320.00 target price (up previously from $290.00) on shares of Broadcom in a research report on Monday. Vetr raised shares of Broadcom from a “hold” rating to a “buy” rating and set a $258.25 target price on the stock in a research report on Monday, August 14th. BidaskClub cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Finally, Canaccord Genuity increased their price target on shares of Broadcom from $300.00 to $313.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Five investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $290.42.
A number of hedge funds have recently modified their holdings of AVGO. Capital Asset Advisory Services LLC acquired a new position in Broadcom in the 2nd quarter worth about $501,000. Capital One National Association increased its holdings in shares of Broadcom by 5.5% during the 2nd quarter. Capital One National Association now owns 4,141 shares of the semiconductor manufacturer’s stock valued at $965,000 after acquiring an additional 217 shares during the last quarter. First American Bank increased its holdings in shares of Broadcom by 3.5% during the 2nd quarter. First American Bank now owns 40,128 shares of the semiconductor manufacturer’s stock valued at $9,351,000 after acquiring an additional 1,374 shares during the last quarter. Glaxis Capital Management LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at about $3,584,000. Finally, Atria Investments LLC increased its holdings in shares of Broadcom by 29.3% during the 2nd quarter. Atria Investments LLC now owns 5,338 shares of the semiconductor manufacturer’s stock valued at $1,244,000 after acquiring an additional 1,209 shares during the last quarter. 88.99% of the stock is currently owned by institutional investors.
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Broadcom Company 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.
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