Broadcom Ltd (AVGO) VP Sells $1,132,050.00 in Stock

Broadcom Ltd (NASDAQ:AVGO) VP Patricia H. Mccall sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $226.41, for a total value of $1,132,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, March 17th, Patricia H. Mccall sold 3,455 shares of Broadcom stock. The shares were sold at an average price of $222.25, for a total value of $767,873.75.
  • 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 shares were 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 shares were sold at an average price of $183.00, for a total value of $457,500.00.
  • On Friday, December 16th, Patricia H. Mccall sold 2,631 shares of Broadcom stock. The shares were sold at an average price of $180.93, for a total value of $476,026.83.

Broadcom Ltd (NASDAQ:AVGO) opened at 221.24 on Tuesday. The firm has a 50-day moving average of $212.50 and a 200-day moving average of $184.08. Broadcom Ltd has a one year low of $139.18 and a one year high of $227.75. The firm’s market cap is $88.80 billion.

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

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

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors 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 (DPR) is presently -100.49%.

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Several analysts have recently issued reports on AVGO shares. 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 reissued an “outperform” rating and set a $240.00 price objective (up from $210.00) on shares of Broadcom in a research note on Monday, February 27th. Royal Bank of Canada reissued a “top pick” rating on shares of Broadcom in a research note on Wednesday, January 18th. Vetr raised shares of Broadcom from a “sell” rating to a “hold” rating and set a $195.55 price objective for the company in a research note on Tuesday, January 31st. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Broadcom in a research note on Thursday, March 2nd. Two 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. Broadcom has an average rating of “Buy” and an average price target of $227.58.

Several large investors have recently modified their holdings of AVGO. Guardian Capital LP increased its stake in Broadcom by 6.1% in the fourth quarter. Guardian Capital LP now owns 83,891 shares of the semiconductor manufacturer’s stock worth $14,829,000 after buying an additional 4,817 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Broadcom by 1.5% in the fourth quarter. First Republic Investment Management Inc. now owns 283,091 shares of the semiconductor manufacturer’s stock worth $50,043,000 after buying an additional 4,294 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Broadcom by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 113,307 shares of the semiconductor manufacturer’s stock worth $20,027,000 after buying an additional 8,602 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in Broadcom during the fourth quarter worth $265,000. Finally, ZWJ Investment Counsel Inc. increased its stake in Broadcom by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 96,740 shares of the semiconductor manufacturer’s stock worth $17,100,000 after buying an additional 3,278 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

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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