KeyCorp reiterated their overweight rating on shares of Broadcom (NASDAQ:AVGO) in a research report report published on Monday morning. KeyCorp currently has a $320.00 target price on the semiconductor manufacturer’s stock, up from their prior target price of $290.00.

A number of other equities research analysts have also recently commented on the company. Barclays raised their target price on Broadcom from $290.00 to $300.00 and gave the company an overweight rating in a research report on Wednesday, October 18th. B. Riley raised their target price on Broadcom from $305.00 to $315.00 and gave the company a buy rating in a research report on Thursday, November 2nd. Vetr cut Broadcom from a buy rating to a hold rating and set a $261.95 target price on the stock. in a research report on Monday, September 4th. Zacks Investment Research upgraded Broadcom from a hold rating to a buy rating and set a $272.00 target price on the stock in a research report on Tuesday, August 29th. Finally, Bank of America reaffirmed a buy rating and issued a $300.00 price target on shares of Broadcom in a research note on Friday, October 6th. Five research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $291.42.

Broadcom (AVGO) traded down $7.95 during trading hours on Monday, hitting $263.61. The stock had a trading volume of 4,843,100 shares, compared to its average volume of 2,763,943. Broadcom has a 52-week low of $162.40 and a 52-week high of $285.68. 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 $110,790.88, a PE ratio of 20.53, a PEG ratio of 1.30 and a beta of 1.05.

In other news, SVP Charlie B. Kawwas sold 1,788 shares of Broadcom stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $247.28, for a total transaction of $442,136.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Thomas H. Krause sold 2,595 shares of Broadcom stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,383 shares of company stock worth $25,949,184. Corporate insiders own 3.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP increased its holdings in Broadcom by 5.7% in the 3rd quarter. GSA Capital Partners LLP now owns 17,928 shares of the semiconductor manufacturer’s stock valued at $4,348,000 after purchasing an additional 961 shares during the last quarter. Gofen & Glossberg LLC IL increased its holdings in Broadcom by 1.5% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 72,608 shares of the semiconductor manufacturer’s stock valued at $17,610,000 after purchasing an additional 1,104 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in Broadcom in the 3rd quarter valued at approximately $660,000. Cetera Advisor Networks LLC increased its holdings in Broadcom by 14.4% in the 3rd quarter. Cetera Advisor Networks LLC now owns 1,541 shares of the semiconductor manufacturer’s stock valued at $373,000 after purchasing an additional 194 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new stake in Broadcom in the 3rd quarter valued at approximately $382,000. 88.99% of the stock is currently owned by hedge funds and other institutional investors.

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Broadcom 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.

Analyst Recommendations for Broadcom (NASDAQ:AVGO)

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