Investors purchased shares of Broadcom Limited (NASDAQ:AVGO) on weakness during trading hours on Monday. $285.27 million flowed into the stock on the tick-up and $198.01 million flowed out of the stock on the tick-down, for a money net flow of $87.26 million into the stock. Of all equities tracked, Broadcom Limited had the 10th highest net in-flow for the day. Broadcom Limited traded down ($3.73) for the day and closed at $235.51

Several analysts have recently weighed in on AVGO shares. B. Riley reissued an “avgo (” rating and issued a $305.00 price target on shares of Broadcom Limited in a research note on Monday, August 21st. Loop Capital reissued a “buy” rating and issued a $270.00 price target (up previously from $251.00) on shares of Broadcom Limited in a research note on Thursday, June 1st. Deutsche Bank AG reissued a “buy” rating and issued a $275.00 price target (up previously from $255.00) on shares of Broadcom Limited in a research note on Thursday, June 1st. Rosenblatt Securities reissued a “buy” rating and issued a $260.00 price target on shares of Broadcom Limited in a research note on Wednesday, May 31st. Finally, Craig Hallum increased their price target on shares of Broadcom Limited from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $276.74.

The company has a market cap of $96.12 billion, a PE ratio of 179.43 and a beta of 1.07. The company has a 50 day moving average of $249.11 and a 200 day moving average of $236.86.

Broadcom Limited (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.89 earnings per share. Equities research analysts predict that Broadcom Limited will post $15.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Tuesday, September 19th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.74%. Broadcom Limited’s dividend payout ratio is presently 348.72%.

In related news, SVP Charlie B. Kawwas sold 1,788 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $246.48, for a total transaction of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold 51,788 shares of company stock worth $12,692,037 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp raised its holdings in Broadcom Limited by 0.4% in the first quarter. Peapack Gladstone Financial Corp now owns 2,148 shares of the semiconductor manufacturer’s stock valued at $470,000 after acquiring an additional 9 shares in the last quarter. Spectrum Management Group Inc. raised its holdings in Broadcom Limited by 0.4% in the second quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock valued at $551,000 after acquiring an additional 10 shares in the last quarter. Private Trust Co. NA raised its holdings in Broadcom Limited by 0.7% in the second quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock valued at $460,000 after acquiring an additional 13 shares in the last quarter. IHT Wealth Management LLC raised its holdings in Broadcom Limited by 1.4% in the first quarter. IHT Wealth Management LLC now owns 1,094 shares of the semiconductor manufacturer’s stock valued at $238,000 after acquiring an additional 15 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Broadcom Limited by 0.9% in the second quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock valued at $447,000 after acquiring an additional 17 shares in the last quarter. 89.70% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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