Vaughan Nelson Investment Management L.P. Raises Position in Broadcom Limited (AVGO)

Vaughan Nelson Investment Management L.P. grew its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 6.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,875 shares of the semiconductor manufacturer’s stock after buying an additional 5,385 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Broadcom Limited were worth $22,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AVGO. Waldron LP purchased a new stake in Broadcom Limited during the first quarter worth $302,000. Guardian Life Insurance Co. of America lifted its holdings in Broadcom Limited by 1.8% during the first quarter. Guardian Life Insurance Co. of America now owns 1,549 shares of the semiconductor manufacturer’s stock worth $339,000 after buying an additional 27 shares during the period. Vanguard Group Inc. lifted its holdings in Broadcom Limited by 7.0% during 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 during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Broadcom Limited by 20.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,254 shares of the semiconductor manufacturer’s stock valued at $1,369,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Azimuth Capital Management LLC lifted its holdings in shares of Broadcom Limited by 3.3% during the 1st quarter. Azimuth Capital Management LLC now owns 58,190 shares of the semiconductor manufacturer’s stock valued at $12,741,000 after purchasing an additional 1,860 shares during the last quarter. Hedge funds and other institutional investors own 90.11% of the company’s stock.

In other Broadcom Limited news, 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 transaction of $7,320,300.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $247.28, for a total value of $442,136.64. The disclosure for this sale can be found here. In the last three months, insiders sold 81,788 shares of company stock valued at $20,054,837. 3.60% of the stock is currently owned by insiders.

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Broadcom Limited (NASDAQ:AVGO) traded up $0.05 during midday trading on Tuesday, hitting $265.01. The stock had a trading volume of 2,806,700 shares, compared to its average volume of 2,752,762. The firm has a market cap of $108,080.00, a P/E ratio of 20.03, a PEG ratio of 1.31 and a beta of 1.05. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. Broadcom Limited has a 12 month low of $160.62 and a 12 month high of $281.80.

Broadcom Limited (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, August 24th. The semiconductor manufacturer reported $4.10 EPS for the quarter, beating the consensus estimate of $4.03 by $0.07. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. Broadcom Limited had a return on equity of 26.82% and a net margin of 3.12%. The firm’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS. equities analysts predict that Broadcom Limited will post 13.91 EPS for the current fiscal year.

Several analysts have recently commented on the company. Mizuho reiterated a “buy” rating and set a $290.00 price objective on shares of Broadcom Limited in a report on Monday, November 6th. Drexel Hamilton reiterated a “buy” rating and set a $302.00 price objective on shares of Broadcom Limited in a report on Monday, November 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Broadcom Limited in a research report on Friday, November 3rd. Jefferies Group LLC upped their target price on Broadcom Limited from $70.00 to $315.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Finally, Nomura reaffirmed a “buy” rating and set a $300.00 price target (up from $273.63) on shares of Broadcom Limited in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. Broadcom Limited presently has an average rating of “Buy” and a consensus price target of $284.31.

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.

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

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