Broadcom (NASDAQ:AVGO) had its target price boosted by DA Davidson to $325.00 in a research note issued to investors on Friday. DA Davidson currently has a buy rating on the semiconductor manufacturer’s stock.

A number of other equities analysts have also commented on AVGO. B. Riley reissued an avgo ( rating and set a $305.00 price target on shares of Broadcom in a research note on Monday, August 21st. Rosenblatt Securities reissued a buy rating and set a $270.00 price target on shares of Broadcom in a research note on Wednesday, August 23rd. Loop Capital reissued a buy rating and set a $302.00 price target on shares of Broadcom in a research note on Friday, August 25th. Vetr raised Broadcom from a hold rating to a buy rating and set a $258.25 price target for the company in a research note on Monday, August 14th. Finally, Cowen reissued a buy rating and set a $260.00 price target on shares of Broadcom in a research note on Friday, August 11th. Five research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $303.13.

Shares of Broadcom (AVGO) opened at $259.95 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.80 and a current ratio of 6.39. Broadcom has a 1 year low of $173.31 and a 1 year high of $285.68. The stock has a market capitalization of $106,037.93, a PE ratio of 18.05, a P/E/G ratio of 1.18 and a beta of 1.05.

Broadcom (NASDAQ:AVGO) last released its earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.52 by $0.07. Broadcom had a return on equity of 28.61% and a net margin of 10.18%. The firm had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter last year, the business posted $3.47 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. analysts forecast that Broadcom will post 16.04 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 2.69%. This is an increase from Broadcom’s previous quarterly dividend of $1.02. The ex-dividend date is Monday, December 18th. Broadcom’s dividend payout ratio is presently 95.77%.

In other news, SVP Bryan Ingram sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.01, for a total value of $7,320,300.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Thomas H. Krause sold 2,595 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total value of $693,747.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,389 shares of company stock worth $25,712,376. Company insiders own 3.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC increased its holdings in Broadcom by 348.3% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 4,335 shares of the semiconductor manufacturer’s stock worth $1,051,000 after purchasing an additional 3,368 shares during the period. Alps Advisors Inc. purchased a new position in Broadcom during the 2nd quarter worth $221,000. Osborne Partners Capital Management LLC increased its holdings in Broadcom by 5.5% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock worth $2,312,000 after purchasing an additional 499 shares during the period. Principal Financial Group Inc. increased its holdings in Broadcom by 14.4% during the 2nd quarter. Principal Financial Group Inc. now owns 667,057 shares of the semiconductor manufacturer’s stock worth $155,459,000 after purchasing an additional 83,929 shares during the period. Finally, DSAM Partners London Ltd increased its holdings in Broadcom by 103.4% during the 2nd quarter. DSAM Partners London Ltd now owns 184,714 shares of the semiconductor manufacturer’s stock worth $43,048,000 after purchasing an additional 93,890 shares during the period. Hedge funds and other institutional investors own 88.98% of the company’s stock.

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About Broadcom

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.

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