Broadcom Limited (NASDAQ:AVGO) insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $260.03, for a total transaction of $5,200,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hock E. Tan also recently made the following trade(s):

  • On Friday, September 15th, Hock E. Tan sold 20,000 shares of Broadcom Limited stock. The shares were sold at an average price of $246.48, for a total value of $4,929,600.00.

Shares of Broadcom Limited (NASDAQ:AVGO) traded down $0.25 during midday trading on Friday, hitting $271.86. The company had a trading volume of 2,406,831 shares, compared to its average volume of 2,749,939. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60. Broadcom Limited has a 52 week low of $160.62 and a 52 week high of $281.80. The company has a market capitalization of $111,020.00, a PE ratio of 19.90, a P/E/G ratio of 1.30 and a beta of 1.05.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, topping the Zacks’ 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 company had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter last year, the business earned $2.89 earnings per share. Broadcom Limited’s revenue was up 17.5% on a year-over-year basis. research analysts anticipate that Broadcom Limited will post 13.91 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of AVGO. Mountain Capital Investment Advisors Inc bought a new position in shares of Broadcom Limited in the second quarter worth $113,000. AllSquare Wealth Management LLC bought a new position in Broadcom Limited in the third quarter valued at about $113,000. Shine Investment Advisory Services Inc. bought a new position in Broadcom Limited in the second quarter valued at about $116,000. D. Scott Neal Inc. bought a new position in Broadcom Limited in the second quarter valued at about $127,000. Finally, Tower Research Capital LLC TRC grew its position in 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. Institutional investors own 90.11% of the company’s stock.

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

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.

Insider Buying and Selling by Quarter for Broadcom Limited (NASDAQ:AVGO)

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