Sciencast Management LP boosted its stake in shares of Broadcom Limited (NASDAQ:AVGO) by 39.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,050 shares of the semiconductor manufacturer’s stock after acquiring an additional 857 shares during the quarter. Sciencast Management LP’s holdings in Broadcom Limited were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of AVGO. Waldron LP purchased a new stake in Broadcom Limited during the 1st quarter valued at about $302,000. Baird Financial Group Inc. boosted its holdings in Broadcom Limited by 2.3% during the 1st quarter. Baird Financial Group Inc. now owns 46,622 shares of the semiconductor manufacturer’s stock valued at $10,208,000 after acquiring an additional 1,051 shares during the period. Coldstream Capital Management Inc. purchased a new stake in Broadcom Limited during the 1st quarter valued at about $537,000. Baldwin Investment Management LLC boosted its holdings in Broadcom Limited by 5.0% during the 1st quarter. Baldwin Investment Management LLC now owns 6,242 shares of the semiconductor manufacturer’s stock valued at $1,367,000 after acquiring an additional 300 shares during the period. Finally, Great Lakes Advisors LLC boosted its holdings in Broadcom Limited by 64.4% during the 1st quarter. Great Lakes Advisors LLC now owns 31,986 shares of the semiconductor manufacturer’s stock valued at $7,004,000 after acquiring an additional 12,531 shares during the period. Institutional investors own 89.71% of the company’s stock.

Broadcom Limited (AVGO) traded up 0.85% during trading on Friday, hitting $245.74. The stock had a trading volume of 1,748,856 shares. Broadcom Limited has a 52-week low of $160.62 and a 52-week high of $259.36. The company’s 50 day moving average is $245.93 and its 200 day moving average is $238.37. The firm has a market cap of $100.26 billion, a PE ratio of 187.16 and a beta of 1.08.

Broadcom Limited (NASDAQ:AVGO) last released its earnings results 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. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The firm had revenue of $4.47 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the firm earned $2.89 EPS. The firm’s revenue was up 17.5% on a year-over-year basis. Equities research analysts forecast that Broadcom Limited will post $15.91 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Monday, September 18th. Broadcom Limited’s payout ratio is 348.72%.

COPYRIGHT VIOLATION NOTICE: This report was published by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another site, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this report can be viewed at https://www.watchlistnews.com/sciencast-management-lp-has-711000-position-in-broadcom-limited-avgo/1615631.html.

In related news, SVP Charlie B. Kawwas sold 1,788 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bryan Ingram sold 30,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $244.01, for a total value of $7,320,300.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,788 shares of company stock worth $15,098,237. 3.60% of the stock is owned by insiders.

Several equities research analysts recently weighed in on AVGO shares. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $300.00 target price on shares of Broadcom Limited in a report on Friday, June 16th. Pacific Crest restated an “overweight” rating and set a $280.00 target price on shares of Broadcom Limited in a report on Wednesday, June 21st. UBS AG restated a “buy” rating and set a $265.00 target price on shares of Broadcom Limited in a report on Monday, June 26th. Royal Bank Of Canada restated a “top pick” rating and set a $270.00 target price on shares of Broadcom Limited in a report on Friday, June 30th. Finally, Mizuho restated a “buy” rating and set a $275.00 target price on shares of Broadcom Limited in a report on Monday, July 3rd. One analyst has rated the stock with a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $276.80.

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Limited (NASDAQ:AVGO).

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

Receive News & Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related companies with Analyst Ratings Network's FREE daily email newsletter.