Bessemer Group Inc. lowered its position in shares of Broadcom Limited (NASDAQ:AVGO) by 12.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 989,058 shares of the semiconductor manufacturer’s stock after selling 145,577 shares during the quarter. Broadcom Limited makes up approximately 1.0% of Bessemer Group Inc.’s holdings, making the stock its 22nd biggest holding. Bessemer Group Inc. owned approximately 0.24% of Broadcom Limited worth $239,887,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harbour Capital Advisors LLC boosted its holdings in shares of Broadcom Limited by 22,924.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock valued at $6,569,000 after purchasing an additional 1,524,256 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Broadcom Limited by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after purchasing an additional 1,338,695 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Broadcom Limited by 26.7% in the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock valued at $1,245,855,000 after purchasing an additional 1,128,052 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Broadcom Limited by 141.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,884,487 shares of the semiconductor manufacturer’s stock valued at $439,156,000 after purchasing an additional 1,103,030 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Broadcom Limited by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after purchasing an additional 798,982 shares during the last quarter. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) traded down $0.25 during trading on Friday, reaching $265.39. 442,635 shares of the company’s stock were exchanged, compared to its average volume of 2,743,731. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84. The firm has a market cap of $108,380.00, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.35 and a beta of 1.05. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last posted its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.07. The firm had revenue of $4.47 billion during the quarter, compared to analyst estimates of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. Broadcom Limited’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.89 EPS. research analysts anticipate that Broadcom Limited will post 13.91 earnings per share for the current year.

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A number of brokerages have weighed in on AVGO. Cowen and Company reiterated a “buy” rating and issued a $260.00 price target on shares of Broadcom Limited in a report on Friday, August 11th. B. Riley reiterated a “buy” rating and issued a $305.00 price target on shares of Broadcom Limited in a report on Saturday, August 26th. Craig Hallum reiterated a “buy” rating on shares of Broadcom Limited in a report on Wednesday, September 13th. Robert W. Baird reiterated an “outperform” rating and issued a $290.00 price target (up previously from $260.00) on shares of Broadcom Limited in a report on Friday, August 25th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and issued a $315.00 price target on shares of Broadcom Limited in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $283.48.

In other news, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $247.83, for a total value of $4,956,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $240.62, for a total transaction of $2,406,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 81,788 shares of company stock valued at $20,054,837 over the last three months. 3.60% of the stock is currently owned by company insiders.

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

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