Hock E. Tan Sells 20,000 Shares of Broadcom Ltd (AVGO) Stock

Broadcom Ltd (NASDAQ:AVGO) CEO Hock E. Tan sold 20,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $247.72, for a total value of $4,954,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hock E. Tan also recently made the following trade(s):

  • On Tuesday, January 16th, Hock E. Tan sold 20,000 shares of Broadcom stock. The stock was sold at an average price of $265.21, for a total value of $5,304,200.00.
  • On Monday, December 18th, Hock E. Tan sold 789 shares of Broadcom stock. The stock was sold at an average price of $264.38, for a total value of $208,595.82.
  • On Friday, December 15th, Hock E. Tan sold 20,000 shares of Broadcom stock. The stock was sold at an average price of $259.68, for a total value of $5,193,600.00.
  • On Monday, December 18th, Hock E. Tan sold 20,789 shares of Broadcom stock. The stock was sold at an average price of $259.85, for a total value of $5,402,021.65.

Broadcom Ltd (NASDAQ AVGO) opened at $248.62 on Thursday. The firm has a market capitalization of $101,430.00, a P/E ratio of 63.26, a price-to-earnings-growth ratio of 1.04 and a beta of 0.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.68 and a current ratio of 6.26. Broadcom Ltd has a 1-year low of $202.61 and a 1-year high of $285.68.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, beating the consensus estimate of $4.52 by $0.07. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Broadcom had a return on equity of 28.64% and a net margin of 10.18%. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.47 EPS. equities research analysts expect that Broadcom Ltd will post 17.41 earnings per share for the current fiscal year.

Several research firms have recently commented on AVGO. Zacks Investment Research downgraded Broadcom from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. BidaskClub raised Broadcom from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $335.00 price objective (up previously from $330.00) on shares of Broadcom in a research note on Thursday, February 1st. Canaccord Genuity raised their price objective on Broadcom from $100.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Vetr raised Broadcom from a “hold” rating to a “buy” rating and set a $269.37 price objective on the stock in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $301.58.

Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its holdings in shares of Broadcom by 4.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,350,163 shares of the semiconductor manufacturer’s stock worth $346,857,000 after purchasing an additional 53,921 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Broadcom by 0.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,853 shares of the semiconductor manufacturer’s stock worth $20,771,000 after purchasing an additional 656 shares during the period. Osborne Partners Capital Management LLC boosted its holdings in shares of Broadcom by 5.5% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock worth $2,312,000 after purchasing an additional 499 shares during the period. Union Bankshares Corp boosted its holdings in shares of Broadcom by 7.6% in the 4th quarter. Union Bankshares Corp now owns 9,234 shares of the semiconductor manufacturer’s stock worth $2,372,000 after purchasing an additional 652 shares during the period. Finally, Field & Main Bank purchased a new position in shares of Broadcom in the 4th quarter worth approximately $2,342,000. Hedge funds and other institutional investors own 87.58% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Broadcom (NASDAQ:AVGO)

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