HM Payson & Co. Has $841,000 Stake in Avago Technologies General IP (Singapore) Pte. Ltd. (AVGO)

HM Payson & Co. grew its position in Avago Technologies General IP (Singapore) Pte. Ltd. (NASDAQ:AVGO) by 6.5% during the fourth quarter, Holdings Channel reports. The firm owned 3,273 shares of the semiconductor manufacturer’s stock after buying an additional 200 shares during the period. HM Payson & Co.’s holdings in Avago Technologies General IP (Singapore) Pte. were worth $841,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Alkeon Capital Management LLC boosted its stake in Avago Technologies General IP (Singapore) Pte. by 28.9% during the fourth quarter. Alkeon Capital Management LLC now owns 431,860 shares of the semiconductor manufacturer’s stock worth $110,945,000 after acquiring an additional 96,860 shares in the last quarter. First Commonwealth Financial Corp PA boosted its stake in Avago Technologies General IP (Singapore) Pte. by 39.6% during the fourth quarter. First Commonwealth Financial Corp PA now owns 3,448 shares of the semiconductor manufacturer’s stock worth $886,000 after acquiring an additional 978 shares in the last quarter. Slow Capital Inc. bought a new position in Avago Technologies General IP (Singapore) Pte. during the fourth quarter worth $2,536,000. Archford Capital Strategies LLC bought a new position in Avago Technologies General IP (Singapore) Pte. during the fourth quarter worth $681,000. Finally, Altman Advisors Inc. bought a new position in Avago Technologies General IP (Singapore) Pte. during the fourth quarter worth $213,000. 89.45% of the stock is currently owned by institutional investors.

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Shares of Avago Technologies General IP (NASDAQ:AVGO) opened at $243.57 on Friday. Avago Technologies General IP has a 1-year low of $208.44 and a 1-year high of $285.68. The company has a current ratio of 5.70, a quick ratio of 5.04 and a debt-to-equity ratio of 0.60. The stock has a market cap of $101,044.99, a PE ratio of 13.30, a P/E/G ratio of 1.07 and a beta of 0.88.

Avago Technologies General IP (Singapore) Pte. (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, March 15th. The semiconductor manufacturer reported $5.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.71. Avago Technologies General IP (Singapore) Pte. had a net margin of 41.37% and a return on equity of 29.50%. The business had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter last year, the company posted $3.63 earnings per share. The firm’s quarterly revenue was up 28.5% compared to the same quarter last year. analysts forecast that Avago Technologies General IP will post 17.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 22nd will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, March 21st. This is an increase from Avago Technologies General IP (Singapore) Pte.’s previous quarterly dividend of $0.40. Avago Technologies General IP (Singapore) Pte.’s dividend payout ratio (DPR) is 38.23%.

Several research analysts recently issued reports on AVGO shares. Loop Capital reissued a “buy” rating and set a $330.00 target price on shares of Avago Technologies General IP (Singapore) Pte. in a research note on Thursday, December 7th. Mizuho increased their target price on shares of Avago Technologies General IP (Singapore) Pte. from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Canaccord Genuity increased their target price on shares of Avago Technologies General IP (Singapore) Pte. from $300.00 to $313.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Raymond James Financial reissued a “buy” rating and set a $335.00 target price on shares of Avago Technologies General IP (Singapore) Pte. in a research note on Monday, December 4th. Finally, B. Riley reaffirmed a “buy” rating and issued a $330.00 price objective (up from $315.00) on shares of Avago Technologies General IP (Singapore) Pte. in a research note on Monday, December 4th. Five analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Avago Technologies General IP (Singapore) Pte. has an average rating of “Buy” and an average target price of $310.36.

In other Avago Technologies General IP (Singapore) Pte. news, insider Kirsten M. Spears sold 2,798 shares of the stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $250.29, for a total transaction of $700,311.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 20,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $247.72, for a total transaction of $4,954,400.00. The disclosure for this sale can be found here. Insiders have sold 93,675 shares of company stock valued at $24,127,129 in the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

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About Avago Technologies General IP (Singapore) Pte.

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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Institutional Ownership by Quarter for Avago Technologies General IP (Singapore) Pte. (NASDAQ:AVGO)

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