Broadcom Ltd (AVGO) Insider Henry Samueli Sells 3,077 Shares

Broadcom Ltd (NASDAQ:AVGO) insider Henry Samueli sold 3,077 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $222.25, for a total value of $683,863.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Henry Samueli also recently made the following trade(s):

  • On Tuesday, February 7th, Henry Samueli sold 10,162 shares of Broadcom stock. The stock was sold at an average price of $205.82, for a total value of $2,091,542.84.

Shares of Broadcom Ltd (NASDAQ:AVGO) traded up 0.03% on Monday, reaching $221.24. The company’s stock had a trading volume of 1,721,474 shares. The company’s market capitalization is $88.80 billion. The company’s 50-day moving average is $212.50 and its 200 day moving average is $184.08. Broadcom Ltd has a 12-month low of $139.18 and a 12-month high of $227.75.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.48 by $0.15. Broadcom had a positive return on equity of 22.77% and a negative net margin of 13.13%. The firm earned $4.15 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business earned $2.41 earnings per share. The company’s revenue was up 132.8% on a year-over-year basis. Equities analysts anticipate that Broadcom Ltd will post $14.85 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Broadcom (NASDAQ:AVGO)

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 20th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, March 16th. Broadcom’s dividend payout ratio is currently -100.49%.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cim Investment Mangement Inc. boosted its position in Broadcom by 0.7% in the fourth quarter. Cim Investment Mangement Inc. now owns 7,350 shares of the semiconductor manufacturer’s stock valued at $1,299,000 after buying an additional 54 shares in the last quarter. Confluence Wealth Management LLC boosted its position in Broadcom by 1.1% in the fourth quarter. Confluence Wealth Management LLC now owns 5,647 shares of the semiconductor manufacturer’s stock valued at $998,000 after buying an additional 59 shares in the last quarter. Pinnacle Financial Partners Inc. boosted its position in Broadcom by 3.4% in the fourth quarter. Pinnacle Financial Partners Inc. now owns 2,921 shares of the semiconductor manufacturer’s stock valued at $516,000 after buying an additional 95 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in Broadcom by 3.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,482 shares of the semiconductor manufacturer’s stock valued at $616,000 after buying an additional 113 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Broadcom by 0.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,777 shares of the semiconductor manufacturer’s stock valued at $4,026,000 after buying an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

A number of brokerages recently issued reports on AVGO. Royal Bank of Canada reiterated a “top pick” rating and issued a $200.00 target price on shares of Broadcom in a report on Wednesday, December 21st. Rosenblatt Securities began coverage on Broadcom in a report on Wednesday, February 22nd. They issued a “buy” rating and a $250.00 target price on the stock. Vetr upgraded Broadcom from a “buy” rating to a “strong-buy” rating and set a $185.00 target price on the stock in a report on Thursday, December 1st. Morgan Stanley reiterated an “overweight” rating and issued a $210.00 target price on shares of Broadcom in a report on Saturday, December 10th. Finally, Mizuho increased their target price on Broadcom from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, December 9th. Two equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Broadcom currently has an average rating of “Buy” and an average target price of $227.58.

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.

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