Aviance Capital Partners LLC lowered its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 7.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,011 shares of the semiconductor manufacturer’s stock after selling 917 shares during the period. Broadcom Limited comprises 1.0% of Aviance Capital Partners LLC’s holdings, making the stock its 15th largest holding. Aviance Capital Partners LLC’s holdings in Broadcom Limited were worth $2,913,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Broadcom Limited by 3.0% during the second quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock worth $6,423,271,000 after buying an additional 793,335 shares during the last quarter. BlackRock Inc. raised its stake in Broadcom Limited by 3.5% during the second quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after buying an additional 798,982 shares during the last quarter. State Street Corp raised its stake in Broadcom Limited by 1.6% during the second quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock worth $3,742,946,000 after buying an additional 255,044 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Broadcom Limited by 18.2% during the second quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after buying an additional 1,338,695 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in Broadcom Limited by 26.7% during the second quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after buying an additional 1,128,052 shares during the last quarter. 89.42% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on AVGO. B. Riley lifted their target price on shares of Broadcom Limited from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets began coverage on shares of Broadcom Limited in a research note on Monday. They set an “outperform” rating and a $330.00 target price for the company. Loop Capital reissued a “buy” rating and set a $302.00 target price on shares of Broadcom Limited in a research note on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and set a $281.00 target price on shares of Broadcom Limited in a research note on Thursday, October 12th. Finally, Morgan Stanley reissued a “buy” rating and set a $290.00 target price on shares of Broadcom Limited in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have assigned a buy rating and three have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $286.47.

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Shares of Broadcom Limited (NASDAQ:AVGO) traded down $1.22 during midday trading on Thursday, hitting $275.37. 1,861,622 shares of the stock were exchanged, compared to its average volume of 2,743,606. The firm has a market capitalization of $112,843.02, a PE ratio of 20.91, a P/E/G ratio of 1.37 and a beta of 1.05. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $281.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings data 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 analysts’ expectations of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period last year, the company earned $2.89 earnings per share. research analysts forecast that Broadcom Limited will post 13.91 EPS for the current year.

In other news, CFO Thomas H. Krause sold 2,595 shares of Broadcom Limited stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. 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 transaction of $4,929,600.00. The disclosure for this sale can be found here. Insiders have sold 104,383 shares of company stock valued at $25,949,184 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

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.

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

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