AllSquare Wealth Management LLC bought a new position in Broadcom Limited (NASDAQ:AVGO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 466 shares of the semiconductor manufacturer’s stock, valued at approximately $113,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Broadcom Limited during the second quarter worth approximately $113,000. Shine Investment Advisory Services Inc. acquired a new stake in Broadcom Limited in the second quarter valued at approximately $116,000. D. Scott Neal Inc. acquired a new stake in Broadcom Limited in the second quarter valued at approximately $127,000. Tower Research Capital LLC TRC lifted its stake in Broadcom Limited by 473.0% in the second quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer’s stock valued at $134,000 after acquiring an additional 473 shares during the last quarter. Finally, Catamount Wealth Management acquired a new stake in Broadcom Limited in the second quarter valued at approximately $140,000. 90.11% of the stock is currently owned by institutional investors and hedge funds.

Shares of Broadcom Limited (NASDAQ:AVGO) traded down $0.34 during trading on Monday, reaching $264.62. 1,750,310 shares of the company’s stock traded hands, compared to its average volume of 2,752,515. The company has a market cap of $107,820.00, a price-to-earnings ratio of 20.03, a PEG ratio of 1.31 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84. Broadcom Limited has a 12-month low of $160.62 and a 12-month high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.89 EPS. sell-side analysts forecast that Broadcom Limited will post 13.91 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was first published by Watch List News and is owned by of Watch List News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.watchlistnews.com/allsquare-wealth-management-llc-takes-position-in-broadcom-limited-avgo/1700472.html.

In other news, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $247.83, for a total value of $4,956,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 81,788 shares of company stock worth $20,054,837. 3.60% of the stock is owned by insiders.

A number of research firms have issued reports on AVGO. B. Riley lifted their target price on shares of Broadcom Limited from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Loop Capital reiterated a “buy” rating and issued a $302.00 target price on shares of Broadcom Limited in a research note on Friday, August 25th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $281.00 target price on shares of Broadcom Limited in a research note on Thursday, October 12th. Morgan Stanley reiterated a “buy” rating and issued a $290.00 target price on shares of Broadcom Limited in a research note on Friday, August 25th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $300.00 target price on shares of Broadcom Limited in a research note on Friday, October 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $284.31.

About Broadcom Limited

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.

Institutional Ownership by Quarter for Broadcom Limited (NASDAQ:AVGO)

Receive News & Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.