Hardman Johnston Global Advisors LLC lifted its stake in Broadcom Limited (NASDAQ:AVGO) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 947,913 shares of the semiconductor manufacturer’s stock after buying an additional 14,582 shares during the period. Broadcom Limited makes up 9.8% of Hardman Johnston Global Advisors LLC’s investment portfolio, making the stock its 3rd largest holding. Hardman Johnston Global Advisors LLC owned about 0.23% of Broadcom Limited worth $229,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in Broadcom Limited during the 1st quarter worth $100,000. Mountain Capital Investment Advisors Inc acquired a new stake in Broadcom Limited during the 2nd quarter worth $113,000. Shine Investment Advisory Services Inc. acquired a new stake in Broadcom Limited during the 2nd quarter worth $116,000. Archford Capital Strategies LLC boosted its stake in Broadcom Limited by 45.4% during the 1st quarter. Archford Capital Strategies LLC now owns 538 shares of the semiconductor manufacturer’s stock worth $118,000 after purchasing an additional 168 shares during the period. Finally, D. Scott Neal Inc. acquired a new stake in Broadcom Limited during the 2nd quarter worth $127,000. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

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AVGO has been the subject of a number of recent research reports. Deutsche Bank AG increased their price target on shares of Broadcom Limited from $275.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research cut shares of Broadcom Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Sanford C. Bernstein reiterated an “outperform” rating and set a $285.00 price target on shares of Broadcom Limited in a research note on Tuesday, October 10th. Vetr cut shares of Broadcom Limited from a “buy” rating to a “hold” rating and set a $261.95 price target for the company. in a research note on Monday, September 4th. Finally, Barclays PLC increased their price target on shares of Broadcom Limited from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $277.51.

Broadcom Limited (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the business earned $2.89 earnings per share. Broadcom Limited’s revenue for the quarter was up 17.5% compared to the same quarter last year.

In other news, SVP Charlie B. Kawwas sold 1,788 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $244.01, for a total value of $7,320,300.00. The disclosure for this sale can be found here. Insiders sold 81,788 shares of company stock valued at $20,054,837 over the last three months. 3.60% of the stock is owned by company insiders.

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.

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

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