TPG Group Holdings SBS Advisors Inc. boosted its stake in Broadcom Limited (NASDAQ:AVGO) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 378,799 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,100 shares during the quarter. Broadcom Limited comprises about 1.2% of TPG Group Holdings SBS Advisors Inc.’s holdings, making the stock its 13th largest holding. TPG Group Holdings SBS Advisors Inc. owned approximately 0.09% of Broadcom Limited worth $88,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Fred Alger Management Inc. grew its position in Broadcom Limited by 10.9% in the second quarter. Fred Alger Management Inc. now owns 2,057,088 shares of the semiconductor manufacturer’s stock valued at $479,404,000 after acquiring an additional 201,658 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake in shares of Broadcom Limited by 73.8% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 4,475 shares of the semiconductor manufacturer’s stock valued at $1,043,000 after purchasing an additional 1,900 shares during the period. Discovery Capital Management LLC CT raised its stake in shares of Broadcom Limited by 88.9% during the second quarter. Discovery Capital Management LLC CT now owns 555,282 shares of the semiconductor manufacturer’s stock valued at $129,408,000 after purchasing an additional 261,300 shares during the period. AHL Partners LLP raised its stake in shares of Broadcom Limited by 263.3% during the second quarter. AHL Partners LLP now owns 8,346 shares of the semiconductor manufacturer’s stock valued at $1,945,000 after purchasing an additional 6,049 shares during the period. Finally, L & S Advisors Inc raised its stake in shares of Broadcom Limited by 43.2% during the second quarter. L & S Advisors Inc now owns 38,870 shares of the semiconductor manufacturer’s stock valued at $9,059,000 after purchasing an additional 11,721 shares during the period. Hedge funds and other institutional investors own 89.71% of the company’s stock.

In other Broadcom Limited news, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total transaction of $7,320,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $246.48, for a total value of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 61,788 shares of company stock valued at $15,098,237 in the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

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Shares of Broadcom Limited (NASDAQ AVGO) traded down 0.72% during mid-day trading on Tuesday, hitting $238.73. The stock had a trading volume of 1,103,727 shares. The firm’s 50-day moving average price is $246.90 and its 200 day moving average price is $238.00. The stock has a market cap of $97.40 billion, a price-to-earnings ratio of 181.82 and a beta of 1.08. Broadcom Limited has a 12-month low of $160.62 and a 12-month high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the firm earned $2.89 earnings per share. Broadcom Limited’s revenue was up 17.5% compared to the same quarter last year. Equities analysts forecast that Broadcom Limited will post $15.91 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.70%. The ex-dividend date was Monday, September 18th. Broadcom Limited’s dividend payout ratio (DPR) is presently 348.72%.

A number of research analysts have recently commented on AVGO shares. KeyCorp reissued an “overweight” rating and set a $280.00 target price on shares of Broadcom Limited in a research report on Wednesday, August 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $270.00 price target on shares of Broadcom Limited in a report on Wednesday, August 23rd. UBS AG reaffirmed an “overweight” rating on shares of Broadcom Limited in a research note on Thursday, August 24th. Robert W. Baird reaffirmed an “outperform” rating and set a $290.00 price target (up previously from $260.00) on shares of Broadcom Limited in a research note on Friday, August 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $286.00 price objective (up previously from $270.00) on shares of Broadcom Limited in a report on Friday, August 25th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Broadcom Limited presently has an average rating of “Buy” and a consensus price target of $276.80.

Broadcom Limited 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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