Wedbush Securities Inc. lifted its position in Broadcom Limited (NASDAQ:AVGO) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,945 shares of the semiconductor manufacturer’s stock after purchasing an additional 395 shares during the period. Wedbush Securities Inc.’s holdings in Broadcom Limited were worth $1,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Spectrum Management Group Inc. lifted its stake in shares of Broadcom Limited by 0.4% in the 2nd quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock valued at $551,000 after purchasing an additional 10 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of Broadcom Limited by 0.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock valued at $503,000 after purchasing an additional 10 shares during the period. Private Trust Co. NA lifted its stake in shares of Broadcom Limited by 0.7% in the 2nd quarter. Private Trust Co. NA now owns 1,977 shares of the semiconductor manufacturer’s stock valued at $460,000 after purchasing an additional 13 shares during the period. IHT Wealth Management LLC lifted its stake in shares of Broadcom Limited by 1.4% in the 1st quarter. IHT Wealth Management LLC now owns 1,094 shares of the semiconductor manufacturer’s stock valued at $238,000 after purchasing an additional 15 shares during the period. Finally, CWA Asset Management Group LLC lifted its stake in shares of Broadcom Limited by 0.9% in the 2nd quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock valued at $447,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.07. The business had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The company’s revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.89 EPS.

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In related news, SVP Charlie B. Kawwas sold 1,788 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Bryan Ingram sold 30,000 shares of the business’s stock in a transaction that occurred 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 sold a total of 81,788 shares of company stock worth $20,054,837 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Several research firms recently issued reports on AVGO. B. Riley boosted their target price on shares of Broadcom Limited from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $285.00 target price on shares of Broadcom Limited in a research note on Wednesday, July 12th. Loop Capital reissued a “buy” rating and issued a $302.00 price target on shares of Broadcom Limited in a report on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $281.00 price target on shares of Broadcom Limited in a report on Thursday, October 12th. Finally, Morgan Stanley reissued a “buy” rating and issued a $290.00 price target on shares of Broadcom Limited in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Broadcom Limited currently has an average rating of “Buy” and a consensus price target of $277.81.

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.

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

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