Broadcom Ltd (NASDAQ:AVGO) SVP Bryan Ingram sold 9,875 shares of the business’s stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $222.33, for a total value of $2,195,508.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bryan Ingram also recently made the following trade(s):

  • On Wednesday, March 8th, Bryan Ingram sold 13,207 shares of Broadcom stock. The stock was sold at an average price of $220.00, for a total value of $2,905,540.00.
  • On Friday, December 23rd, Bryan Ingram sold 12,000 shares of Broadcom stock. The stock was sold at an average price of $181.43, for a total value of $2,177,160.00.

Broadcom Ltd (NASDAQ:AVGO) traded up 0.03% on Monday, hitting $221.24. The company’s stock had a trading volume of 1,721,474 shares. Broadcom Ltd has a 12 month low of $139.18 and a 12 month high of $227.75. The firm has a 50 day moving average of $212.50 and a 200 day moving average of $184.08. The firm’s market cap is $88.80 billion.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.48 by $0.15. The company earned $4.15 billion during the quarter, compared to analyst estimates of $4.08 billion. Broadcom had a positive return on equity of 22.77% and a negative net margin of 13.13%. The firm’s revenue was up 132.8% on a year-over-year basis. During the same quarter last year, the business posted $2.41 earnings per share. Equities research analysts forecast that Broadcom Ltd will post $14.85 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 20th will be given a $1.02 dividend. The ex-dividend date is Thursday, March 16th. This represents a $4.08 annualized dividend and a yield of 1.84%. Broadcom’s dividend payout ratio is currently -100.49%.

Your IP Address:

Several equities analysts recently commented on AVGO shares. Zacks Investment Research cut Broadcom from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, February 8th. Barclays PLC restated an “overweight” rating and set a $250.00 target price (up from $240.00) on shares of Broadcom in a research report on Friday, March 10th. Vetr cut Broadcom from a “strong-buy” rating to a “buy” rating and set a $177.37 target price for the company. in a research report on Monday, December 5th. Wells Fargo & Co restated a “market perform” rating and set a $222.50 target price (up from $165.00) on shares of Broadcom in a research report on Friday, March 3rd. Finally, Royal Bank of Canada restated a “top pick” rating on shares of Broadcom in a research report on Wednesday, January 18th. Two investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the stock. Broadcom presently has a consensus rating of “Buy” and a consensus price target of $227.58.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in Broadcom by 3.1% in the fourth quarter. State Street Corp now owns 15,222,155 shares of the semiconductor manufacturer’s stock valued at $2,690,819,000 after buying an additional 464,591 shares in the last quarter. Lone Pine Capital LLC raised its position in Broadcom by 36.7% in the fourth quarter. Lone Pine Capital LLC now owns 3,563,465 shares of the semiconductor manufacturer’s stock valued at $629,914,000 after buying an additional 956,872 shares in the last quarter. Norges Bank bought a new position in Broadcom during the fourth quarter valued at approximately $589,052,000. Prudential PLC raised its position in Broadcom by 1.9% in the fourth quarter. Prudential PLC now owns 2,235,913 shares of the semiconductor manufacturer’s stock valued at $395,242,000 after buying an additional 42,567 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Broadcom by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 1,739,277 shares of the semiconductor manufacturer’s stock valued at $307,498,000 after buying an additional 121,647 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

About Broadcom

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.

5 Day Chart for NASDAQ:AVGO

Receive News & Stock Ratings for Broadcom Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Ltd and related stocks with our FREE daily email newsletter.