Chemical Bank grew its stake in Avago Technologies General IP (Singapore) Pte. Ltd. (NASDAQ:AVGO) by 6.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,169 shares of the semiconductor manufacturer’s stock after buying an additional 1,213 shares during the quarter. Chemical Bank’s holdings in Avago Technologies General IP (Singapore) Pte. were worth $4,925,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AVGO. Janus Henderson Group PLC lifted its position in shares of Avago Technologies General IP (Singapore) Pte. by 80.3% in the third quarter. Janus Henderson Group PLC now owns 3,397,443 shares of the semiconductor manufacturer’s stock worth $823,980,000 after buying an additional 1,512,956 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Avago Technologies General IP (Singapore) Pte. in the fourth quarter worth about $215,260,000. Coatue Management LLC lifted its position in shares of Avago Technologies General IP (Singapore) Pte. by 28.2% in the fourth quarter. Coatue Management LLC now owns 3,735,957 shares of the semiconductor manufacturer’s stock worth $959,768,000 after buying an additional 821,739 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Avago Technologies General IP (Singapore) Pte. by 5,482.5% in the third quarter. Asset Management One Co. Ltd. now owns 604,530 shares of the semiconductor manufacturer’s stock worth $146,624,000 after purchasing an additional 593,701 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Avago Technologies General IP (Singapore) Pte. by 2.1% in the fourth quarter. BlackRock Inc. now owns 24,924,233 shares of the semiconductor manufacturer’s stock worth $6,403,033,000 after purchasing an additional 508,470 shares during the period. 89.45% of the stock is owned by institutional investors.

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Avago Technologies General IP (AVGO) opened at $243.57 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.04 and a current ratio of 5.70. The stock has a market capitalization of $101,044.99, a PE ratio of 15.45, a P/E/G ratio of 1.07 and a beta of 0.88. Avago Technologies General IP has a 12 month low of $208.44 and a 12 month high of $285.68.

Avago Technologies General IP (Singapore) Pte. (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, March 15th. The semiconductor manufacturer reported $5.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.41 by $0.71. The company had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.32 billion. Avago Technologies General IP (Singapore) Pte. had a return on equity of 29.50% and a net margin of 41.37%. The company’s quarterly revenue was up 28.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.63 earnings per share. equities analysts anticipate that Avago Technologies General IP will post 17.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 22nd will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 2.87%. This is an increase from Avago Technologies General IP (Singapore) Pte.’s previous quarterly dividend of $0.40. The ex-dividend date is Wednesday, March 21st. Avago Technologies General IP (Singapore) Pte.’s payout ratio is presently 38.23%.

A number of research firms have recently commented on AVGO. Drexel Hamilton reiterated a “buy” rating and issued a $313.00 price objective (up from $302.00) on shares of Avago Technologies General IP (Singapore) Pte. in a research note on Friday, March 16th. SunTrust Banks dropped their price objective on Avago Technologies General IP (Singapore) Pte. to $335.00 and set a “buy” rating on the stock in a research note on Tuesday, March 13th. They noted that the move was a valuation call. Canaccord Genuity reiterated a “buy” rating and issued a $340.00 price objective (up from $325.00) on shares of Avago Technologies General IP (Singapore) Pte. in a research note on Friday, March 16th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $340.00 price objective on shares of Avago Technologies General IP (Singapore) Pte. in a research note on Friday, March 16th. Finally, Deutsche Bank began coverage on Avago Technologies General IP (Singapore) Pte. in a research note on Thursday, March 15th. They issued a “buy” rating and a $325.00 price objective on the stock. Five analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $310.36.

In other Avago Technologies General IP (Singapore) Pte. news, CEO Hock E. Tan sold 20,000 shares of Avago Technologies General IP (Singapore) Pte. stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $247.72, for a total transaction of $4,954,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Charlie B. Kawwas sold 997 shares of Avago Technologies General IP (Singapore) Pte. stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $243.88, for a total value of $243,148.36. The disclosure for this sale can be found here. Insiders have sold 93,675 shares of company stock worth $24,127,129 over the last ninety days. Company insiders own 3.30% of the company’s stock.

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Avago Technologies General IP (Singapore) Pte. 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 Avago Technologies General IP (Singapore) Pte. (NASDAQ:AVGO)

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