Capital Analysts LLC Sells 1,815 Shares of Broadcom Ltd (AVGO)

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.

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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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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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