Broadcom Limited (NASDAQ:AVGO) Shares Bought by ETRADE Capital Management LLC

ETRADE Capital Management LLC boosted its stake in Broadcom Limited (NASDAQ:AVGO) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,158 shares of the semiconductor manufacturer’s stock after buying an additional 909 shares during the quarter. ETRADE Capital Management LLC’s holdings in Broadcom were worth $3,677,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Harbour Capital Advisors LLC raised its holdings in Broadcom by 22,924.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock valued at $6,569,000 after acquiring an additional 1,524,256 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Broadcom by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after acquiring an additional 1,338,695 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Broadcom by 26.7% during the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after buying an additional 1,128,052 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Broadcom by 141.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,884,487 shares of the semiconductor manufacturer’s stock worth $439,156,000 after buying an additional 1,103,030 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Broadcom by 3.5% during the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after buying an additional 798,982 shares during the last quarter. 88.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Bryan Ingram sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $244.01, for a total transaction of $7,320,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. Insiders have sold 104,383 shares of company stock worth $25,949,184 in the last three months. Insiders own 3.60% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) opened at $263.61 on Tuesday. 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 stock has a market cap of $110,790.88, a P/E ratio of 20.53, a P/E/G ratio of 1.30 and a beta of 1.05. Broadcom Limited has a one year low of $162.40 and a one year high of $285.68.

A number of analysts have recently issued reports on the stock. B. Riley raised their price target on shares of Broadcom from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. BMO Capital Markets began coverage on shares of Broadcom in a report on Monday, November 20th. They issued an “outperform” rating and a $330.00 target price for the company. Loop Capital reiterated a “buy” rating and issued a $302.00 target price on shares of Broadcom in a report on Friday, August 25th. SunTrust Banks reissued a “buy” rating and issued a $281.00 price target on shares of Broadcom in a research report on Thursday, October 12th. Finally, Morgan Stanley reissued a “buy” rating and issued a $290.00 price target on shares of Broadcom in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $290.42.

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Broadcom 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.

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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