Ray Gerald L & Associates Ltd. grew its stake in Broadcom Limited (NASDAQ:AVGO) by 46.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,570 shares of the semiconductor manufacturer’s stock after purchasing an additional 810 shares during the period. Ray Gerald L & Associates Ltd.’s holdings in Broadcom Limited were worth $623,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Broadcom Limited by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock worth $6,423,271,000 after buying an additional 793,335 shares during the period. BlackRock Inc. raised its stake in shares of Broadcom Limited by 3.5% during the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock worth $5,577,099,000 after buying an additional 798,982 shares during the period. State Street Corp raised its stake in shares of Broadcom Limited by 1.6% during the 2nd quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock worth $3,742,946,000 after buying an additional 255,044 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Broadcom Limited by 18.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after buying an additional 1,338,695 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Broadcom Limited by 26.7% during the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after buying an additional 1,128,052 shares during the period. Institutional investors and hedge funds own 89.79% of the company’s stock.

In other Broadcom Limited news, SVP Bryan Ingram sold 10,000 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $240.62, for a total value of $2,406,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Hock E. Tan sold 20,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $246.48, for a total value of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 81,788 shares of company stock worth $20,054,837 in the last ninety days. 3.60% of the stock is owned by corporate insiders.

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Shares of Broadcom Limited (AVGO) traded up $14.13 during trading on Friday, reaching $273.63. The company had a trading volume of 12,013,306 shares, compared to its average volume of 2,682,696. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $278.00. The stock has a market cap of $111,635.30, a PE ratio of 20.68, a price-to-earnings-growth ratio of 1.30 and a beta of 1.05. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60.

Broadcom Limited (NASDAQ:AVGO) last announced its earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.07. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company had revenue of $4.47 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business posted $2.89 EPS. Broadcom Limited’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts anticipate that Broadcom Limited will post 13.9 EPS for the current year.

AVGO has been the subject of several research analyst reports. Vetr raised Broadcom Limited from a “hold” rating to a “buy” rating and set a $261.95 target price for the company in a research note on Monday, August 28th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $285.00 target price (up from $270.00) on shares of Broadcom Limited in a research note on Saturday, August 26th. B. Riley reaffirmed a “buy” rating and set a $305.00 target price on shares of Broadcom Limited in a research note on Thursday, August 31st. BidaskClub downgraded Broadcom Limited from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research downgraded Broadcom Limited from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. Broadcom Limited presently has a consensus rating of “Buy” and an average target price of $277.81.

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.

Institutional Ownership by Quarter for Broadcom Limited (NASDAQ:AVGO)

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