Caisse DE Depot ET Placement DU Quebec grew its position in Broadcom Limited (NASDAQ:AVGO) by 118.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,448 shares of the semiconductor manufacturer’s stock after purchasing an additional 83,100 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Broadcom were worth $37,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Mountain Capital Investment Advisors Inc purchased a new stake in shares of Broadcom during the second quarter valued at $113,000. AllSquare Wealth Management LLC purchased a new stake in shares of Broadcom during the third quarter valued at $113,000. Shine Investment Advisory Services Inc. purchased a new stake in shares of Broadcom during the second quarter valued at $116,000. Tower Research Capital LLC TRC grew its holdings in shares of Broadcom by 473.0% during the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after buying an additional 473 shares during the last quarter. Finally, Catamount Wealth Management purchased a new stake in shares of Broadcom during the second quarter valued at $140,000. 88.99% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. Cowen reissued a “buy” rating and set a $260.00 price objective on shares of Broadcom in a report on Friday, August 11th. B. Riley reissued a “buy” rating and set a $305.00 price objective on shares of Broadcom in a report on Saturday, August 26th. Craig Hallum reissued a “buy” rating on shares of Broadcom in a report on Wednesday, September 13th. Robert W. Baird reissued an “outperform” rating and set a $290.00 price objective (up from $260.00) on shares of Broadcom in a report on Friday, August 25th. Finally, J P Morgan Chase & Co reissued a “buy” rating and set a $315.00 price objective on shares of Broadcom in a report on Tuesday, September 12th. Five analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $291.42.

In other Broadcom news, CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $267.34, for a total value of $693,747.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Bryan Ingram sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.01, for a total transaction of $7,320,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,383 shares of company stock valued at $25,949,184. Insiders own 3.60% of the company’s stock.

Broadcom Limited (AVGO) opened at $261.65 on Wednesday. The firm has a market cap of $110,790.88, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05. Broadcom Limited has a 1 year low of $163.45 and a 1 year 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.

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Broadcom 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 (NASDAQ:AVGO)

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