Broadcom Ltd (AVGO) CEO Sells $208,595.82 in Stock

Broadcom Ltd (NASDAQ:AVGO) CEO Hock E. Tan sold 789 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $264.38, for a total transaction of $208,595.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Hock E. Tan also recently made the following trade(s):

  • On Friday, December 15th, Hock E. Tan sold 20,000 shares of Broadcom stock. The shares were sold at an average price of $259.68, for a total transaction of $5,193,600.00.
  • On Monday, December 18th, Hock E. Tan sold 20,789 shares of Broadcom stock. The shares were sold at an average price of $259.85, for a total transaction of $5,402,021.65.
  • On Wednesday, November 15th, Hock E. Tan sold 20,000 shares of Broadcom stock. The shares were sold at an average price of $260.03, for a total transaction of $5,200,600.00.

Broadcom Ltd (AVGO) traded up $0.79 during trading on Friday, reaching $264.29. 1,988,100 shares of the company were exchanged, compared to its average volume of 3,180,000. The company has a quick ratio of 5.68, a current ratio of 6.26 and a debt-to-equity ratio of 0.75. The company has a market cap of $107,820.00, a price-to-earnings ratio of 67.25, a PEG ratio of 1.13 and a beta of 1.04. Broadcom Ltd has a twelve month low of $177.56 and a twelve month high of $285.68.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.07. The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.84 billion. Broadcom had a net margin of 10.18% and a return on equity of 28.64%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.47 EPS. research analysts anticipate that Broadcom Ltd will post 16.99 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were issued a $1.75 dividend. This is a positive change from Broadcom’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Monday, December 18th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.65%. Broadcom’s dividend payout ratio is presently 178.12%.

AVGO has been the topic of a number of research analyst reports. Vetr cut shares of Broadcom from a “buy” rating to a “hold” rating and set a $290.34 target price on the stock. in a research note on Monday, November 27th. Royal Bank of Canada reiterated a “top pick” rating and issued a $285.00 target price on shares of Broadcom in a research note on Wednesday, October 11th. Nomura boosted their target price on shares of Broadcom to $330.00 and gave the company a “buy” rating in a research note on Friday, December 8th. Mizuho upped their price target on shares of Broadcom from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, BidaskClub cut shares of Broadcom from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Broadcom has an average rating of “Buy” and an average target price of $302.66.

Large investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC increased its holdings in shares of Broadcom by 348.3% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 4,335 shares of the semiconductor manufacturer’s stock worth $1,051,000 after buying an additional 3,368 shares during the last quarter. Alps Advisors Inc. bought a new position in shares of Broadcom in the 2nd quarter worth $221,000. Osborne Partners Capital Management LLC increased its holdings in shares of Broadcom by 5.5% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock worth $2,312,000 after buying an additional 499 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Broadcom by 14.4% in the 2nd quarter. Principal Financial Group Inc. now owns 667,057 shares of the semiconductor manufacturer’s stock worth $155,459,000 after buying an additional 83,929 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Broadcom by 18.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,566 shares of the semiconductor manufacturer’s stock worth $3,775,000 after buying an additional 2,442 shares during the last quarter. 88.48% 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.

Insider Buying and Selling by Quarter for Broadcom (NASDAQ:AVGO)

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