Broadcom Ltd (AVGO) SVP Sells $129,390.30 in Stock

Broadcom Ltd (NASDAQ:AVGO) SVP Bryan Ingram sold 585 shares of the business’s stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $221.18, for a total transaction of $129,390.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bryan Ingram also recently made the following trade(s):

  • On Friday, March 17th, Bryan Ingram sold 9,875 shares of Broadcom stock. The shares were sold at an average price of $222.33, for a total transaction of $2,195,508.75.
  • On Wednesday, March 8th, Bryan Ingram sold 13,207 shares of Broadcom stock. The shares were sold at an average price of $220.00, for a total transaction of $2,905,540.00.
  • On Friday, December 23rd, Bryan Ingram sold 12,000 shares of Broadcom stock. The shares were sold at an average price of $181.43, for a total transaction of $2,177,160.00.

Shares of Broadcom Ltd (NASDAQ:AVGO) traded up 2.14% during mid-day trading on Thursday, reaching $218.21. 1,691,619 shares of the company were exchanged. The stock’s market capitalization is $87.58 billion. Broadcom Ltd has a 12 month low of $139.18 and a 12 month high of $227.75. The stock has a 50 day moving average price of $218.78 and a 200-day moving average price of $191.93.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Wednesday, March 1st. The semiconductor manufacturer reported $3.63 EPS for the quarter, topping the consensus estimate of $3.02 by $0.61. The company 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 business’s revenue was up 132.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.41 EPS. Analysts predict that Broadcom Ltd will post $14.84 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 20th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, March 16th. This represents a $4.08 annualized dividend and a dividend yield of 1.87%. Broadcom’s payout ratio is currently -100.49%.

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Large investors have recently added to or reduced their stakes in the company. 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. State of Alaska Department of Revenue acquired a new stake in Broadcom during the first quarter valued at approximately $229,000. Martingale Asset Management L P acquired a new stake in Broadcom during the fourth quarter valued at approximately $231,000. Finally, Courier Capital LLC acquired a new stake in Broadcom during the first quarter valued at approximately $232,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Several equities research analysts have issued reports on the stock. Royal Bank of Canada reissued a “top pick” rating and issued a $200.00 price objective on shares of Broadcom in a research report on Wednesday, December 21st. Rosenblatt Securities assumed coverage on shares of Broadcom in a research report on Wednesday, February 22nd. They issued a “buy” rating and a $250.00 price objective for the company. Deutsche Bank AG boosted their price objective on shares of Broadcom from $235.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Jefferies Group LLC boosted their price objective on shares of Broadcom from $210.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Finally, Macquarie assumed coverage on shares of Broadcom in a research report on Thursday, March 30th. They issued an “outperform” rating and a $265.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Broadcom has a consensus rating of “Buy” and a consensus target price of $228.54.

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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