Parametric Portfolio Associates LLC Has $209.48 Million Holdings in Broadcom Ltd (AVGO)

Parametric Portfolio Associates LLC raised its position in shares of Broadcom Ltd (NASDAQ:AVGO) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 863,671 shares of the semiconductor manufacturer’s stock after buying an additional 37,712 shares during the period. Parametric Portfolio Associates LLC owned about 0.21% of Broadcom worth $209,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spectrum Management Group Inc. increased its position in shares of Broadcom by 0.4% during the second quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after purchasing an additional 10 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in shares of Broadcom by 0.5% during the second quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after purchasing an additional 10 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of Broadcom by 0.9% during the second quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,000 after purchasing an additional 17 shares in the last quarter. Vestor Capital LLC increased its position in shares of Broadcom by 0.3% during the second quarter. Vestor Capital LLC now owns 15,051 shares of the semiconductor manufacturer’s stock worth $3,508,000 after purchasing an additional 49 shares in the last quarter. Finally, TRUE Private Wealth Advisors increased its position in shares of Broadcom by 5.1% during the second quarter. TRUE Private Wealth Advisors now owns 1,426 shares of the semiconductor manufacturer’s stock worth $332,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Shares of Broadcom Ltd (NASDAQ AVGO) traded down $3.52 during trading on Friday, hitting $256.90. The company had a trading volume of 1,796,263 shares, compared to its average volume of 3,249,494. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.26 and a quick ratio of 5.80. Broadcom Ltd has a 1 year low of $173.31 and a 1 year high of $285.68. The firm has a market cap of $106,606.19, a P/E ratio of 60.31, a P/E/G ratio of 1.11 and a beta of 1.05.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.07. Broadcom had a return on equity of 28.64% and a net margin of 10.18%. The firm had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the firm posted $3.47 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. equities research analysts expect that Broadcom Ltd will post 16.99 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a dividend of $1.75 per share. This is an increase from Broadcom’s previous quarterly dividend of $1.02. This represents a $7.00 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Monday, December 18th. Broadcom’s payout ratio is currently 164.32%.

AVGO has been the topic of a number of research analyst reports. Vetr cut Broadcom from a “buy” rating to a “hold” rating and set a $261.95 target price on the stock. in a research report on Monday, September 4th. Royal Bank of Canada reissued a “top pick” rating and set a $285.00 price target on shares of Broadcom in a report on Wednesday, October 11th. Nomura raised their price target on Broadcom to $330.00 and gave the stock a “buy” rating in a report on Friday, December 8th. Mizuho raised their price target on Broadcom from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, KeyCorp reissued a “buy” rating and set a $290.00 price target on shares of Broadcom in a report on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $303.29.

In other Broadcom news, SVP Bryan Ingram sold 794 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $258.60, for a total value of $205,328.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hock E. Tan sold 20,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $259.68, for a total value of $5,193,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 86,674 shares of company stock valued at $22,311,790 over the last 90 days. Insiders own 3.60% of the company’s stock.

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Broadcom 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 (NASDAQ:AVGO)

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