Conning Inc. boosted its position in Broadcom Limited (NASDAQ:AVGO) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,771 shares of the semiconductor manufacturer’s stock after buying an additional 92 shares during the period. Conning Inc.’s holdings in Broadcom Limited were worth $2,044,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Peapack Gladstone Financial Corp increased its stake in shares of Broadcom Limited by 0.4% in the first quarter. Peapack Gladstone Financial Corp now owns 2,148 shares of the semiconductor manufacturer’s stock worth $470,000 after buying an additional 9 shares during the period. Private Trust Co. NA increased its stake in shares of Broadcom Limited by 0.7% in the second quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock worth $460,000 after buying an additional 13 shares during the period. IHT Wealth Management LLC increased its stake in shares of Broadcom Limited by 1.4% in the first quarter. IHT Wealth Management LLC now owns 1,094 shares of the semiconductor manufacturer’s stock worth $238,000 after buying an additional 15 shares during the period. First Heartland Consultants Inc. increased its stake in shares of Broadcom Limited by 0.7% in the first quarter. First Heartland Consultants Inc. now owns 3,765 shares of the semiconductor manufacturer’s stock worth $824,000 after buying an additional 25 shares during the period. Finally, Prospera Financial Services Inc increased its stake in shares of Broadcom Limited by 2.4% in 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. Institutional investors and hedge funds own 90.94% of the company’s stock.

Broadcom Limited (NASDAQ AVGO) opened at 250.91 on Tuesday. Broadcom Limited has a one year low of $158.75 and a one year high of $258.49. The firm’s market cap is $102.02 billion. The stock’s 50 day moving average is $246.06 and its 200 day moving average is $229.49.

Broadcom Limited (NASDAQ:AVGO) last issued its earnings results on Thursday, June 1st. The semiconductor manufacturer reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $3.50 by $0.19. The business had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.11 billion. Broadcom Limited had a positive return on equity of 24.15% and a negative net margin of 1.54%. Broadcom Limited’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.53 earnings per share. On average, equities research analysts expect that Broadcom Limited will post $15.78 earnings per share for the current year.

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A number of equities research analysts have recently commented on the stock. B. Riley reiterated a “buy” rating and set a $305.00 price target on shares of Broadcom Limited in a report on Tuesday, May 30th. UBS AG reissued a “buy” rating and issued a $265.00 target price (up from $245.00) on shares of Broadcom Limited in a research report on Monday, June 5th. Cowen and Company reissued a “buy” rating and issued a $260.00 target price on shares of Broadcom Limited in a research report on Friday. Vetr raised shares of Broadcom Limited from a “hold” rating to a “buy” rating and set a $258.25 target price on the stock in a research report on Monday. Finally, Pacific Crest reissued an “overweight” rating and issued a $280.00 target price on shares of Broadcom Limited in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Broadcom Limited presently has an average rating of “Buy” and an average target price of $263.22.

In other Broadcom Limited news, insider Kirsten M. Spears sold 1,306 shares of the stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $254.15, for a total transaction of $331,919.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 10,000 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $244.59, for a total value of $2,445,900.00. The disclosure for this sale can be found here. Insiders sold 41,306 shares of company stock valued at $10,380,120 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Broadcom Limited Company 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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