Broadcom Limited (NASDAQ:AVGO) opened at 205.52 on Monday. The company’s market capitalization is $82.00 billion. The stock has a 50 day moving average of $190.68 and a 200 day moving average of $176.16. Broadcom Limited has a 12-month low of $122.95 and a 12-month high of $208.75.
Broadcom Limited (NASDAQ:AVGO) insider Henry Samueli sold 10,162 shares of the business’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $205.82, for a total value of $2,091,542.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Broadcom Limited (NASDAQ:AVGO) last issued its earnings results on Thursday, December 8th. The semiconductor manufacturer reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.09. Broadcom Limited had a negative net margin of 13.13% and a positive return on equity of 22.77%. The business had revenue of $4.15 billion for the quarter. During the same quarter last year, the firm posted $2.51 earnings per share. On average, equities research analysts predict that Broadcom Limited will post $14.10 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Martingale Asset Management L P bought a new position in shares of Broadcom Limited during the fourth quarter worth $231,000. Honkamp Krueger Financial Services Inc. ADV bought a new position in shares of Broadcom Limited during the fourth quarter worth $256,000. Glenview Trust Co bought a new position in shares of Broadcom Limited during the fourth quarter worth $380,000. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in shares of Broadcom Limited by 41.8% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,375 shares of the semiconductor manufacturer’s stock worth $420,000 after buying an additional 700 shares in the last quarter. Finally, Peregrine Asset Advisers Inc. increased its position in shares of Broadcom Limited by 27.0% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,539 shares of the semiconductor manufacturer’s stock worth $449,000 after buying an additional 539 shares in the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on AVGO. Vetr raised Broadcom Limited from a “sell” rating to a “hold” rating and set a $195.55 price objective on the stock in a report on Tuesday, January 31st. B. Riley reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Broadcom Limited in a report on Monday, December 12th. Zacks Investment Research lowered Broadcom Limited from a “strong-buy” rating to a “sell” rating in a report on Wednesday, February 8th. Susquehanna Bancshares Inc reaffirmed a “positive” rating on shares of Broadcom Limited in a report on Monday, February 6th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $215.00 price objective (up previously from $200.00) on shares of Broadcom Limited in a report on Sunday, December 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company. Broadcom Limited presently has a consensus rating of “Buy” and a consensus price target of $202.56.
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.