Rhumbline Advisers increased its position in Broadcom Limited (NASDAQ:AVGO) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 622,385 shares of the semiconductor manufacturer’s stock after buying an additional 24,556 shares during the period. Rhumbline Advisers’ holdings in Broadcom Limited were worth $145,047,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Broadcom Limited by 2,707.3% in the first quarter. BlackRock Inc. now owns 23,131,935 shares of the semiconductor manufacturer’s stock worth $5,064,971,000 after buying an additional 22,307,935 shares in the last quarter. Jennison Associates LLC increased its position in shares of Broadcom Limited by 904.2% in the first quarter. Jennison Associates LLC now owns 4,201,357 shares of the semiconductor manufacturer’s stock worth $919,929,000 after buying an additional 3,782,991 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Broadcom Limited by 7.0% in the first quarter. Vanguard Group Inc. now owns 26,768,435 shares of the semiconductor manufacturer’s stock worth $5,861,217,000 after buying an additional 1,746,144 shares in the last quarter. Harbour Capital Advisors LLC increased its position in shares of Broadcom Limited by 22,924.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock worth $6,569,000 after buying an additional 1,524,256 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Broadcom Limited by 29.3% in the first quarter. Wellington Management Group LLP now owns 6,710,760 shares of the semiconductor manufacturer’s stock worth $1,469,388,000 after buying an additional 1,519,598 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Shares of Broadcom Limited (AVGO) opened at 244.17 on Friday. The stock has a 50 day moving average price of $245.90 and a 200 day moving average price of $228.73. Broadcom Limited has a 1-year low of $158.75 and a 1-year high of $258.49. The company’s market capitalization is $99.28 billion.

Broadcom Limited (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, June 1st. The semiconductor manufacturer reported $3.69 EPS for the quarter, topping the Zacks’ consensus estimate of $3.50 by $0.19. Broadcom Limited had a positive return on equity of 24.15% and a negative net margin of 1.54%. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the previous year, the company posted $2.53 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts forecast that Broadcom Limited will post $15.78 earnings per share for the current year.

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A number of research analysts have recently weighed in on the company. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $275.00 price target (up previously from $240.00) on shares of Broadcom Limited in a report on Friday, June 2nd. MKM Partners reiterated a “buy” rating and set a $261.00 price target (up previously from $250.00) on shares of Broadcom Limited in a report on Friday, June 2nd. Canaccord Genuity reiterated a “buy” rating and set a $272.00 price target (up previously from $250.00) on shares of Broadcom Limited in a report on Saturday, June 3rd. Morgan Stanley reiterated an “overweight” rating and set a $280.00 price target (up previously from $265.00) on shares of Broadcom Limited in a report on Saturday, June 3rd. Finally, Mizuho reiterated a “buy” rating and set a $275.00 price target (up previously from $265.00) on shares of Broadcom Limited in a report on Saturday, June 3rd. One investment analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $263.22.

In other news, insider Kirsten M. Spears sold 1,306 shares of the business’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $254.15, for a total transaction of $331,919.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan Ingram sold 10,000 shares of the business’s stock in a transaction dated 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. Over the last three months, insiders have sold 41,306 shares of company stock valued at $10,380,120. Corporate insiders own 3.60% of the company’s stock.

About Broadcom Limited

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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