Cramer Rosenthal Mcglynn LLC grew its stake in Broadcom Limited (NASDAQ:AVGO) by 27.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,798 shares of the semiconductor manufacturer’s stock after buying an additional 69,252 shares during the quarter. Broadcom accounts for about 1.3% of Cramer Rosenthal Mcglynn LLC’s investment portfolio, making the stock its 21st biggest holding. Cramer Rosenthal Mcglynn LLC owned about 0.08% of Broadcom worth $78,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. National Planning Corp boosted its holdings in Broadcom by 95.3% during the third quarter. National Planning Corp now owns 3,141 shares of the semiconductor manufacturer’s stock worth $752,000 after purchasing an additional 1,533 shares during the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new position in Broadcom during the third quarter worth $7,808,000. Stifel Financial Corp boosted its holdings in Broadcom by 32.1% during the third quarter. Stifel Financial Corp now owns 276,731 shares of the semiconductor manufacturer’s stock worth $67,074,000 after purchasing an additional 67,170 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in Broadcom by 32.3% during the third quarter. Pinebridge Investments L.P. now owns 69,578 shares of the semiconductor manufacturer’s stock worth $16,876,000 after purchasing an additional 17,005 shares during the last quarter. Finally, Brookmont Capital Management acquired a new position in Broadcom during the third quarter worth $207,000. Institutional investors own 88.98% of the company’s stock.

AVGO has been the subject of several recent research reports. Vetr cut shares of Broadcom from a “buy” rating to a “hold” rating and set a $258.25 target price for the company. in a report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $270.00 target price on shares of Broadcom in a report on Friday, August 11th. BidaskClub cut shares of Broadcom from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Cowen restated a “buy” rating and set a $260.00 target price on shares of Broadcom in a report on Friday, August 11th. Finally, Zacks Investment Research cut shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Five investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. Broadcom currently has an average rating of “Buy” and an average target price of $288.85.

In other news, CFO Thomas H. Krause sold 2,595 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $267.34, for a total value of $693,747.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the stock in a transaction dated Monday, September 11th. The shares were 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. Insiders sold 104,383 shares of company stock worth $25,949,184 over the last three months. Insiders own 3.60% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) opened at $271.56 on Monday. The firm has a market cap of $110,790.77, a PE ratio of 20.53, a PEG ratio of 1.30 and a beta of 1.05. Broadcom Limited has a 1 year low of $160.62 and a 1 year high of $285.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.48 and a quick ratio of 3.84.

WARNING: “Broadcom Limited (AVGO) Shares Bought by Cramer Rosenthal Mcglynn LLC” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/broadcom-limited-avgo-shares-bought-by-cramer-rosenthal-mcglynn-llc/1742300.html.

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Limited (NASDAQ:AVGO).

Institutional Ownership by Quarter for Broadcom (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.