Insider Selling: Broadcom Ltd (AVGO) VP Sells 3,455 Shares of Stock

Broadcom Ltd (NASDAQ:AVGO) VP Patricia H. Mccall sold 3,455 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $222.25, for a total value of $767,873.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Patricia H. Mccall also recently made the following trade(s):

  • On Wednesday, March 15th, Patricia H. Mccall sold 5,000 shares of Broadcom stock. The shares were sold at an average price of $226.41, for a total value of $1,132,050.00.
  • On Monday, March 13th, Patricia H. Mccall sold 5,000 shares of Broadcom stock. The shares were sold at an average price of $226.28, for a total value of $1,131,400.00.
  • On Wednesday, March 8th, Patricia H. Mccall sold 1,696 shares of Broadcom stock. The stock was sold at an average price of $220.00, for a total value of $373,120.00.
  • On Tuesday, December 20th, Patricia H. Mccall sold 2,500 shares of Broadcom stock. The stock was sold at an average price of $183.00, for a total value of $457,500.00.

Shares of Broadcom Ltd (NASDAQ:AVGO) traded up 0.03% during mid-day trading on Monday, reaching $221.24. The company’s stock had a trading volume of 1,721,474 shares. The stock’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 52 week low of $139.18 and a 52 week high of $227.75.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $2.41 earnings per share. The company’s revenue was up 132.8% on a year-over-year basis. Equities analysts predict that Broadcom Ltd will post $14.85 EPS for the current year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 20th will be given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis 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 have recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its stake in Broadcom by 3.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 3,482 shares of the semiconductor manufacturer’s stock worth $616,000 after buying an additional 113 shares in the last quarter. Clark Capital Management Group Inc. raised its stake in Broadcom by 19.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 38,974 shares of the semiconductor manufacturer’s stock worth $6,890,000 after buying an additional 6,400 shares in the last quarter. Comerica Bank raised its stake in Broadcom by 1.8% in the fourth quarter. Comerica Bank now owns 105,220 shares of the semiconductor manufacturer’s stock worth $18,987,000 after buying an additional 1,853 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Broadcom by 1.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 549,389 shares of the semiconductor manufacturer’s stock worth $97,115,000 after buying an additional 7,757 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Broadcom by 96.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 73,602 shares of the semiconductor manufacturer’s stock worth $13,011,000 after buying an additional 36,201 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

AVGO has been the topic of several recent analyst reports. Zacks Investment Research downgraded Broadcom from a “strong-buy” rating to a “sell” rating in a report on Wednesday, February 8th. Barclays PLC reiterated an “overweight” rating and issued a $250.00 price target (up from $240.00) on shares of Broadcom in a report on Friday, March 10th. Vetr downgraded Broadcom from a “strong-buy” rating to a “buy” rating and set a $177.37 price target on the stock. in a report on Monday, December 5th. Wells Fargo & Co reiterated a “market perform” rating and issued a $222.50 price target (up from $165.00) on shares of Broadcom in a report on Friday, March 3rd. Finally, Royal Bank of Canada reiterated a “top pick” rating on shares of Broadcom in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Broadcom has an average rating of “Buy” and a consensus price target 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.

5 Day Chart for NASDAQ:AVGO

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