KBC Group NV cut its position in Broadcom Ltd (NASDAQ:AVGO) by 13.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,047 shares of the semiconductor manufacturer’s stock after selling 7,912 shares during the quarter. KBC Group NV’s holdings in Broadcom were worth $12,857,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantitative Systematic Strategies LLC raised its stake in shares of Broadcom by 348.3% in the third quarter. Quantitative Systematic Strategies LLC now owns 4,335 shares of the semiconductor manufacturer’s stock valued at $1,051,000 after buying an additional 3,368 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Broadcom by 4.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,350,163 shares of the semiconductor manufacturer’s stock valued at $346,857,000 after buying an additional 53,921 shares during the period. Osborne Partners Capital Management LLC raised its stake in shares of Broadcom by 5.5% in the third quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock valued at $2,312,000 after buying an additional 499 shares during the period. Union Bankshares Corp raised its stake in shares of Broadcom by 7.6% in the fourth quarter. Union Bankshares Corp now owns 9,234 shares of the semiconductor manufacturer’s stock valued at $2,372,000 after buying an additional 652 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Broadcom by 0.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 80,853 shares of the semiconductor manufacturer’s stock valued at $20,771,000 after purchasing an additional 656 shares during the period. Hedge funds and other institutional investors own 88.46% of the company’s stock.

In other news, SVP Bryan Ingram sold 794 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $258.60, for a total value of $205,328.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas H. Krause sold 2,595 shares of the company’s stock in a transaction dated 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. Insiders sold a total of 66,674 shares of company stock valued at $17,458,790 over the last quarter. Company insiders own 3.60% of the company’s stock.

Broadcom Ltd (AVGO) opened at $245.86 on Wednesday. Broadcom Ltd has a 52-week low of $202.61 and a 52-week high of $285.68. The company has a debt-to-equity ratio of 0.75, a quick ratio of 5.68 and a current ratio of 6.26. The company has a market capitalization of $100,155.70, a PE ratio of 16.97, a P/E/G ratio of 1.02 and a beta of 0.88.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.07. Broadcom had a return on equity of 28.64% and a net margin of 10.18%. The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.84 billion. During the same period in the previous year, the business earned $3.47 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. equities research analysts predict that Broadcom Ltd will post 17.41 EPS for the current year.

A number of analysts recently issued reports on the company. B. Riley boosted their price objective on Broadcom from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets assumed coverage on Broadcom in a research note on Monday, November 20th. They set an “outperform” rating and a $330.00 price objective on the stock. Canaccord Genuity boosted their price objective on Broadcom from $100.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Nomura reiterated a “buy” rating on shares of Broadcom in a research note on Tuesday, November 14th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Broadcom in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $301.58.

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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.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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