Broadcom Limited (NASDAQ:AVGO) hit a new 52-week high on Friday . The stock traded as high as $282.40 and last traded at $282.38, with a volume of 1156202 shares. The stock had previously closed at $275.37.

Several equities research analysts have recently weighed in on AVGO shares. B. Riley reiterated an “avgo (” rating and issued a $305.00 price target on shares of Broadcom in a report on Monday, August 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $270.00 price target on shares of Broadcom in a report on Wednesday, August 23rd. Vetr upgraded Broadcom from a “hold” rating to a “buy” rating and set a $258.25 price target on the stock in a report on Monday, August 21st. Cowen Inc reiterated a “buy” rating and issued a $260.00 price target on shares of Broadcom in a report on Friday, August 11th. Finally, BidaskClub downgraded Broadcom from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty-two have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $286.47.

The stock has a market capitalization of $115,210.00, a price-to-earnings ratio of 20.81, a PEG ratio of 1.36 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48.

Broadcom (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 Zacks’ consensus estimate of $4.03 by $0.07. Broadcom had a return on equity of 26.82% and a net margin of 3.12%. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period last year, the business posted $2.89 EPS. The business’s revenue was up 17.5% compared to the same quarter last year. equities research analysts expect that Broadcom Limited will post 13.92 earnings per share for the current fiscal year.

In other news, CFO Thomas H. Krause sold 2,595 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total value of $693,747.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $247.28, for a total value of $442,136.64. The disclosure for this sale can be found here. Insiders sold a total of 104,383 shares of company stock worth $25,949,184 over the last quarter. Company insiders own 3.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Spectrum Management Group Inc. boosted its position in shares of Broadcom by 0.4% in the 2nd quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after purchasing an additional 10 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Broadcom by 0.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after purchasing an additional 10 shares in the last quarter. CWA Asset Management Group LLC boosted its position in shares of Broadcom by 0.9% in the 2nd quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,000 after purchasing an additional 17 shares in the last quarter. First National Bank of Hutchinson lifted its position in Broadcom by 1.1% during the 2nd quarter. First National Bank of Hutchinson now owns 3,554 shares of the semiconductor manufacturer’s stock worth $904,000 after acquiring an additional 37 shares during the period. Finally, Greenleaf Trust lifted its position in Broadcom by 1.3% during the 2nd quarter. Greenleaf Trust now owns 3,414 shares of the semiconductor manufacturer’s stock worth $796,000 after acquiring an additional 45 shares during the period. 89.42% of the stock is owned by hedge funds and other institutional investors.

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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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