Stifel Financial Corp increased its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 32.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 276,731 shares of the semiconductor manufacturer’s stock after purchasing an additional 67,170 shares during the quarter. Stifel Financial Corp owned 0.07% of Broadcom worth $67,074,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AVGO. Ameriprise Financial Inc. increased its stake in Broadcom 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 purchasing an additional 1,338,695 shares in the last quarter. Jennison Associates LLC increased its stake in Broadcom 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 purchasing an additional 1,128,052 shares in the last quarter. Janus Henderson Group PLC increased its stake in Broadcom by 141.2% during the 2nd quarter. Janus Henderson Group PLC now owns 1,884,487 shares of the semiconductor manufacturer’s stock worth $439,156,000 after purchasing an additional 1,103,030 shares in the last quarter. BlackRock Inc. increased its stake in Broadcom 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 purchasing an additional 798,982 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Broadcom 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 purchasing an additional 793,335 shares in the last quarter. 88.98% of the stock is owned by institutional investors and hedge funds.

Broadcom Limited (AVGO) opened at $271.56 on Friday. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $113,393.80, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.34 and a beta of 1.05. Broadcom Limited has a 12-month low of $160.62 and a 12-month high of $285.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.07. The firm had revenue of $4.47 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Broadcom had a return on equity of 26.82% and a net margin of 3.12%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.89 EPS. sell-side analysts forecast that Broadcom Limited will post 13.93 earnings per share for the current fiscal year.

In related news, CFO Thomas H. Krause sold 2,595 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $267.34, for a total value of $693,747.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was 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. Insiders have sold a total of 104,383 shares of company stock worth $25,949,184 in the last quarter. Company insiders own 3.60% of the company’s stock.

AVGO has been the subject of a number of research reports. Vetr cut Broadcom from a “buy” rating to a “hold” rating and set a $258.25 target price for the company. in a research note on Tuesday, August 8th. Royal Bank Of Canada reissued a “buy” rating and set a $270.00 target price on shares of Broadcom in a research note on Friday, August 11th. BidaskClub downgraded Broadcom from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. Cowen reaffirmed a “buy” rating and set a $260.00 price target on shares of Broadcom in a research report on Friday, August 11th. Finally, Zacks Investment Research downgraded Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Five research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. Broadcom currently has a consensus rating of “Buy” and an average target price of $288.85.

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Broadcom 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 (NASDAQ:AVGO)

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