Traders sold shares of Broadcom Limited (NASDAQ:AVGO) on strength during trading on Wednesday. $170.76 million flowed into the stock on the tick-up and $210.75 million flowed out of the stock on the tick-down, for a money net flow of $39.99 million out of the stock. Of all equities tracked, Broadcom Limited had the 12th highest net out-flow for the day. Broadcom Limited traded up $2.34 for the day and closed at $265.60

AVGO has been the subject of a number of recent research reports. B. Riley reissued an “avgo (” rating and issued a $305.00 target price on shares of Broadcom Limited in a report on Monday, August 21st. Rosenblatt Securities reissued a “buy” rating and issued a $270.00 target price on shares of Broadcom Limited in a report on Wednesday, August 23rd. Vetr raised Broadcom Limited from a “hold” rating to a “buy” rating and set a $258.25 target price for the company in a report on Monday, August 21st. Cowen and Company reissued a “buy” rating and issued a $260.00 target price on shares of Broadcom Limited in a report on Friday, August 11th. Finally, BidaskClub cut Broadcom Limited from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Broadcom Limited has an average rating of “Buy” and a consensus price target of $284.31.

The stock has a market cap of $108,690.00, a P/E ratio of 20.03, a PEG ratio of 1.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48.

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

In related news, SVP Bryan Ingram sold 30,000 shares of Broadcom Limited stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Hock E. Tan sold 20,000 shares of Broadcom Limited stock in a transaction dated Friday, September 15th. The shares were 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 81,788 shares of company stock worth $20,054,837 in the last three months. Company insiders own 3.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AVGO. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Broadcom Limited in the second quarter valued at about $113,000. AllSquare Wealth Management LLC acquired a new stake in shares of Broadcom Limited in the third quarter valued at about $113,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of Broadcom Limited in the second quarter valued at about $116,000. D. Scott Neal Inc. acquired a new stake in shares of Broadcom Limited in the second quarter valued at about $127,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Broadcom Limited by 473.0% in the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after acquiring an additional 473 shares during the last quarter. 90.11% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Traders Sell Shares of Broadcom Limited (AVGO) on Strength (AVGO)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of US & international copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/15/traders-sell-shares-of-broadcom-limited-avgo-on-strength-avgo.html.

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.

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