Two Sigma Securities LLC acquired a new position in shares of Broadcom Limited (NASDAQ:AVGO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,190 shares of the semiconductor manufacturer’s stock, valued at approximately $2,669,000. Broadcom Limited accounts for about 0.5% of Two Sigma Securities LLC’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. AllSquare Wealth Management LLC increased its position in Broadcom Limited by 38.0% in the first quarter. AllSquare Wealth Management LLC now owns 483 shares of the semiconductor manufacturer’s stock valued at $106,000 after buying an additional 133 shares during the period. Crestwood Advisors Group LLC acquired a new position in shares of Broadcom Limited during the first quarter valued at $111,000. Kistler Tiffany Companies LLC increased its position in shares of Broadcom Limited by 25.1% in the first quarter. Kistler Tiffany Companies LLC now owns 688 shares of the semiconductor manufacturer’s stock valued at $151,000 after buying an additional 138 shares during the period. Parallel Advisors LLC increased its position in shares of Broadcom Limited by 51.4% in the first quarter. Parallel Advisors LLC now owns 701 shares of the semiconductor manufacturer’s stock valued at $158,000 after buying an additional 238 shares during the period. Finally, Webster Bank N. A. increased its position in shares of Broadcom Limited by 141.5% in the first quarter. Webster Bank N. A. now owns 850 shares of the semiconductor manufacturer’s stock valued at $186,000 after buying an additional 498 shares during the period. Hedge funds and other institutional investors own 90.34% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) traded down 1.21% during midday trading on Thursday, reaching $250.29. The company had a trading volume of 2,344,651 shares. The firm’s 50-day moving average price is $244.11 and its 200 day moving average price is $226.01. Broadcom Limited has a 12 month low of $158.75 and a 12 month high of $258.49. The firm has a market capitalization of $101.77 billion, a PE ratio of 16.12 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 1st. The semiconductor manufacturer reported $3.69 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.19. Broadcom Limited had a positive return on equity of 24.15% and a negative net margin of 1.54%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the company posted $2.53 earnings per share. Broadcom Limited’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts anticipate that Broadcom Limited will post $15.78 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on AVGO shares. Rosenblatt Securities reiterated a “buy” rating and issued a $260.00 price target on shares of Broadcom Limited in a report on Wednesday, May 31st. Instinet reiterated a “buy” rating and issued a $260.00 price target (up previously from $230.00) on shares of Broadcom Limited in a report on Wednesday, May 17th. UBS AG reaffirmed a “buy” rating and set a $265.00 price objective on shares of Broadcom Limited in a research note on Monday, June 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $285.00 price objective (up previously from $265.00) on shares of Broadcom Limited in a research note on Saturday, June 3rd. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $272.00 price objective (up previously from $250.00) on shares of Broadcom Limited in a research note on Saturday, June 3rd. Two investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company. Broadcom Limited currently has a consensus rating of “Buy” and an average price target of $263.29.

In other Broadcom Limited news, insider Kirsten M. Spears sold 1,306 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $254.15, for a total value of $331,919.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $253.41, for a total value of $7,602,300.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,306 shares of company stock valued at $10,380,120. Insiders own 3.60% of the company’s stock.

Broadcom Limited 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.

Institutional Ownership by Quarter for Broadcom Limited (NASDAQ:AVGO)

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