Livforsakringsbolaget Skandia Omsesidigt held its stake in shares of Broadcom Limited (NASDAQ:AVGO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,424 shares of the semiconductor manufacturer’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Broadcom Limited were worth $4,760,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Verde Servicos Internacionais S.A. raised its position in shares of Broadcom Limited by 0.6% in the second quarter. Verde Servicos Internacionais S.A. now owns 16,239 shares of the semiconductor manufacturer’s stock worth $3,784,000 after buying an additional 95 shares during the period. Parsons Capital Management Inc. RI raised its position in shares of Broadcom Limited by 4.8% in the first quarter. Parsons Capital Management Inc. RI now owns 1,650 shares of the semiconductor manufacturer’s stock worth $361,000 after buying an additional 75 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of Broadcom Limited during the first quarter valued at $2,212,000. Ballentine Partners LLC bought a new stake in shares of Broadcom Limited during the first quarter valued at $214,000. Finally, Proficio Capital Partners LLC increased its stake in shares of Broadcom Limited by 50.8% in the first quarter. Proficio Capital Partners LLC now owns 959 shares of the semiconductor manufacturer’s stock valued at $230,000 after buying an additional 323 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.
Broadcom Limited (AVGO) traded up 1.44% on Friday, hitting $244.17. The stock had a trading volume of 1,697,612 shares. Broadcom Limited has a 1-year low of $158.75 and a 1-year high of $258.49. The firm’s 50-day moving average price is $245.90 and its 200-day moving average price is $228.73. The firm’s market cap 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 analysts’ consensus estimates 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 analysts’ expectations of $4.11 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts predict that Broadcom Limited will post $15.78 earnings per share for the current year.
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AVGO has been the subject of several recent research reports. Zacks Investment Research downgraded Broadcom Limited from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Instinet reissued a “buy” rating and issued a $260.00 target price (up previously from $230.00) on shares of Broadcom Limited in a report on Wednesday, May 17th. Royal Bank Of Canada reissued a “top pick” rating and issued a $250.00 target price on shares of Broadcom Limited in a report on Tuesday, May 23rd. Morgan Stanley reissued an “overweight” rating and issued a $265.00 target price (up previously from $245.00) on shares of Broadcom Limited in a report on Thursday, May 25th. Finally, Mizuho reissued a “buy” rating and issued a $265.00 target price (up previously from $250.00) on shares of Broadcom Limited in a report on Sunday, May 28th. One equities research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the stock. Broadcom Limited currently has an average rating of “Buy” and a consensus target price of $263.22.
In other Broadcom Limited news, SVP Bryan Ingram sold 10,000 shares of Broadcom Limited stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $244.59, for a total transaction of $2,445,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kirsten M. Spears sold 1,306 shares of Broadcom Limited stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $254.15, for a total value of $331,919.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,306 shares of company stock valued at $10,380,120. 3.60% of the stock is owned by insiders.
Broadcom Limited Company 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.
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