Broadcom Ltd (NASDAQ:AVGO) CFO Thomas H. Krause sold 5,312 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $222.25, for a total transaction of $1,180,592.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Thomas H. Krause also recently made the following trade(s):
- On Monday, March 13th, Thomas H. Krause sold 28,500 shares of Broadcom stock. The stock was sold at an average price of $226.20, for a total transaction of $6,446,700.00.
- On Wednesday, March 8th, Thomas H. Krause sold 4,289 shares of Broadcom stock. The stock was sold at an average price of $220.00, for a total transaction of $943,580.00.
Shares of Broadcom Ltd (NASDAQ:AVGO) traded up 0.03% during midday trading on Monday, reaching $221.24. 1,721,474 shares of the company were exchanged. The stock’s 50-day moving average price is $212.50 and its 200-day moving average price is $184.08. Broadcom Ltd has a 52-week low of $139.18 and a 52-week high of $227.75. The company’s market capitalization is $88.80 billion.
Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 EPS for the quarter, beating the consensus estimate of $3.48 by $0.15. The business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.08 billion. Broadcom had a negative net margin of 13.13% and a positive return on equity of 22.77%. The company’s quarterly revenue was up 132.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.41 earnings per share. Analysts anticipate that Broadcom Ltd will post $14.85 EPS for the current year.
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 given a $1.02 dividend. The ex-dividend date is Thursday, March 16th. This represents a $4.08 annualized dividend and a dividend yield of 1.84%. Broadcom’s dividend payout ratio is presently -100.49%.
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AVGO has been the topic of a number of research reports. Zacks Investment Research raised shares of Broadcom from a “sell” rating to a “hold” rating in a research note on Monday, February 27th. Cowen and Company reaffirmed an “outperform” rating and set a $240.00 price target (up previously from $210.00) on shares of Broadcom in a research report on Monday, February 27th. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Broadcom in a research report on Wednesday, January 18th. Vetr raised shares of Broadcom from a “sell” rating to a “hold” rating and set a $195.55 price target on the stock in a research report on Tuesday, January 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Broadcom in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $227.58.
Several hedge funds have recently added to or reduced their stakes in the stock. Independent Advisor Alliance acquired a new stake in Broadcom during the fourth quarter valued at approximately $127,000. Sciencast Management LP acquired a new stake in Broadcom during the fourth quarter valued at approximately $220,000. Martingale Asset Management L P acquired a new stake in Broadcom during the fourth quarter valued at approximately $231,000. Sii Investments Inc. WI acquired a new stake in Broadcom during the fourth quarter valued at approximately $234,000. Finally, CAMG Solamere Management LLC acquired a new stake in Broadcom during the fourth quarter valued at approximately $249,000. Institutional investors and hedge funds own 91.85% of the company’s stock.
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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