Aveo Capital Partners LLC Acquires Shares of 6,452 Broadcom Limited (NASDAQ:AVGO)

Aveo Capital Partners LLC acquired a new stake in Broadcom Limited (NASDAQ:AVGO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,452 shares of the semiconductor manufacturer’s stock, valued at approximately $1,504,000.

Several other hedge funds also recently made changes to their positions in the company. FNY Managed Accounts LLC bought a new stake in shares of Broadcom Limited during the first quarter valued at approximately $100,000. AllSquare Wealth Management LLC boosted its position in shares of Broadcom Limited by 38.0% in the first quarter. AllSquare Wealth Management LLC now owns 483 shares of the semiconductor manufacturer’s stock worth $106,000 after buying an additional 133 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Broadcom Limited during the first quarter worth about $111,000. Shine Investment Advisory Services Inc. purchased a new position in shares of Broadcom Limited during the second quarter worth about $116,000. Finally, Archford Capital Strategies LLC boosted its position in shares of Broadcom Limited by 45.4% in the first quarter. Archford Capital Strategies LLC now owns 538 shares of the semiconductor manufacturer’s stock worth $118,000 after buying an additional 168 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Broadcom Limited (NASDAQ:AVGO) opened at 249.17 on Thursday. The stock’s 50 day moving average price is $246.02 and its 200 day moving average price is $228.26. The stock’s market capitalization is $101.31 billion. Broadcom Limited has a 1-year low of $158.75 and a 1-year high of $258.49.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 1st. The semiconductor manufacturer reported $3.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the company earned $2.53 EPS. Broadcom Limited’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 fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark law. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/2798841/aveo-capital-partners-llc-acquires-shares-of-6452-broadcom-limited-nasdaqavgo.html.

A number of equities analysts recently issued reports on the company. Vetr cut Broadcom Limited from a “buy” rating to a “hold” rating and set a $258.25 target price on the stock. in a report on Tuesday. Morgan Stanley increased their target price on Broadcom Limited from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. KeyCorp reiterated an “overweight” rating and issued a $280.00 target price on shares of Broadcom Limited in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $285.00 target price on shares of Broadcom Limited in a report on Wednesday, July 12th. Finally, Mizuho reiterated a “buy” rating and issued a $275.00 target price on shares of Broadcom Limited in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $263.22.

In related news, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $253.41, for a total transaction of $7,602,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kirsten M. Spears sold 1,306 shares of the firm’s stock in a transaction that occurred on 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. Insiders have sold a total of 41,306 shares of company stock valued at $10,380,120 over the last three months. 3.60% of the stock is owned by corporate insiders.

About Broadcom Limited

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Limited (NASDAQ:AVGO).

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

Receive News & Ratings for Broadcom Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.