Capital Analysts LLC reduced its holdings in Broadcom Ltd (NASDAQ:AVGO) by 11.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,568 shares of the semiconductor manufacturer’s stock after selling 1,815 shares during the period. Capital Analysts LLC’s holdings in Broadcom were worth $3,486,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of AVGO. APG Asset Management N.V. grew its stake in shares of Broadcom by 3.9% in the 3rd quarter. APG Asset Management N.V. now owns 241,339 shares of the semiconductor manufacturer’s stock worth $58,534,000 after buying an additional 9,100 shares in the last quarter. CAPROCK Group Inc. purchased a new position in shares of Broadcom in the 3rd quarter worth $288,000. Fox Run Management L.L.C. purchased a new position in shares of Broadcom in the 3rd quarter worth $558,000. Personal Capital Advisors Corp purchased a new position in shares of Broadcom during the 3rd quarter worth about $214,000. Finally, Nationwide Fund Advisors boosted its stake in shares of Broadcom by 17.3% during the 3rd quarter. Nationwide Fund Advisors now owns 321,880 shares of the semiconductor manufacturer’s stock worth $78,069,000 after purchasing an additional 47,391 shares during the period. 87.58% of the stock is owned by institutional investors and hedge funds.
In other news, CFO Thomas H. Krause sold 656 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 value of $173,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan Ingram sold 794 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $258.60, for a total transaction of $205,328.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 84,079 shares of company stock valued at $21,719,443. Company insiders own 3.60% of the company’s stock.
Shares of Broadcom Ltd (NASDAQ:AVGO) opened at $249.35 on Friday. Broadcom Ltd has a twelve month low of $202.61 and a twelve month high of $285.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.26 and a quick ratio of 5.68. The company has a market cap of $102,055.27, a PE ratio of 17.26, a PEG ratio of 1.04 and a beta of 0.88.
Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, beating the consensus estimate of $4.52 by $0.07. Broadcom had a net margin of 10.18% and a return on equity of 28.64%. The business had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the previous year, the business posted $3.47 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. sell-side analysts expect that Broadcom Ltd will post 17.41 earnings per share for the current year.
A number of research firms recently commented on AVGO. Vetr cut shares of Broadcom from a “buy” rating to a “hold” rating and set a $290.34 price target for the company. in a research note on Monday, November 27th. Zacks Investment Research raised shares of Broadcom from a “sell” rating to a “hold” rating and set a $316.00 price target for the company in a research note on Monday, November 27th. Mizuho reaffirmed a “buy” rating and set a $290.00 price target on shares of Broadcom in a research note on Monday, November 6th. Drexel Hamilton reaffirmed a “buy” rating and set a $302.00 price target on shares of Broadcom in a research note on Monday, November 6th. Finally, B. Riley reaffirmed a “buy” rating and set a $315.00 price target on shares of Broadcom in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. Broadcom has a consensus rating of “Buy” and an average target price of $301.58.
COPYRIGHT VIOLATION WARNING: “Capital Analysts LLC Sells 1,815 Shares of Broadcom Ltd (AVGO)” was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/02/23/capital-analysts-llc-sells-1815-shares-of-broadcom-ltd-avgo.html.
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.
Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Ltd (NASDAQ:AVGO).
Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.