Teachers Retirement System of The State of Kentucky lifted its position in shares of Broadcom Limited (NASDAQ:AVGO) by 48.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 252,806 shares of the semiconductor manufacturer’s stock after acquiring an additional 82,400 shares during the quarter. Broadcom Limited accounts for approximately 0.7% of Teachers Retirement System of The State of Kentucky’s portfolio, making the stock its 13th largest holding. Teachers Retirement System of The State of Kentucky owned about 0.06% of Broadcom Limited worth $61,316,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Spectrum Management Group Inc. grew its position in Broadcom Limited by 0.4% during the second quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after buying an additional 10 shares during the period. Peapack Gladstone Financial Corp grew its position in Broadcom Limited by 0.5% during the second quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after buying an additional 10 shares during the period. CWA Asset Management Group LLC grew its position in Broadcom Limited by 0.9% during the second quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,000 after buying an additional 17 shares during the period. Prospera Financial Services Inc grew its position in Broadcom Limited by 2.4% during the second quarter. Prospera Financial Services Inc now owns 1,052 shares of the semiconductor manufacturer’s stock worth $247,000 after buying an additional 25 shares during the period. Finally, First National Bank of Hutchinson grew its position in Broadcom Limited by 1.1% during the second quarter. First National Bank of Hutchinson now owns 3,554 shares of the semiconductor manufacturer’s stock worth $904,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

In other Broadcom Limited news, CFO Thomas H. Krause sold 2,595 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total transaction of $693,747.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Bryan Ingram sold 30,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.01, for a total transaction of $7,320,300.00. The disclosure for this sale can be found here. Insiders have sold 104,383 shares of company stock worth $25,949,184 in the last three months. Insiders own 3.60% of the company’s stock.

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AVGO has been the topic of several recent analyst reports. Vetr lowered shares of Broadcom Limited from a “buy” rating to a “hold” rating and set a $260.90 target price on the stock. in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $270.00 target price on shares of Broadcom Limited in a research report on Friday, August 11th. BidaskClub lowered shares of Broadcom Limited from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Cowen Inc restated a “buy” rating and set a $260.00 target price on shares of Broadcom Limited in a research report on Friday, August 11th. Finally, Zacks Investment Research lowered shares of Broadcom Limited from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $286.47.

Broadcom Limited (NASDAQ AVGO) opened at $275.37 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.84 and a current ratio of 4.48. The stock has a market cap of $112,345.29, a P/E ratio of 20.81, a P/E/G ratio of 1.36 and a beta of 1.05. Broadcom Limited has a one year low of $160.62 and a one year high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.07. The business had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 earnings per share. research analysts forecast that Broadcom Limited will post 13.92 EPS for the current fiscal year.

Broadcom Limited Profile

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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