Broadcom Limited (AVGO) Insider Hock E. Tan Sells 20,000 Shares
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.
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.
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.