Menora Mivtachim Holdings LTD. Takes Position in Broadcom Limited (AVGO)

Menora Mivtachim Holdings LTD. bought a new position in Broadcom Limited (NASDAQ:AVGO) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 74,345 shares of the semiconductor manufacturer’s stock, valued at approximately $18,032,000.

Several other institutional investors have also bought and sold shares of AVGO. BlackRock Inc. increased its holdings in shares of Broadcom Limited by 2,707.3% in the 1st quarter. BlackRock Inc. now owns 23,131,935 shares of the semiconductor manufacturer’s stock worth $5,064,971,000 after buying an additional 22,307,935 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Broadcom Limited by 22,924.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,530,905 shares of the semiconductor manufacturer’s stock worth $6,569,000 after buying an additional 1,524,256 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Broadcom Limited by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock worth $2,028,442,000 after buying an additional 1,338,695 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Broadcom Limited by 26.7% in the 2nd quarter. Jennison Associates LLC now owns 5,345,868 shares of the semiconductor manufacturer’s stock worth $1,245,855,000 after buying an additional 1,128,052 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Broadcom Limited by 141.2% in the 2nd quarter. Janus Henderson Group PLC now owns 1,884,487 shares of the semiconductor manufacturer’s stock worth $439,156,000 after buying an additional 1,103,030 shares during the last quarter. Hedge funds and other institutional investors own 89.79% of the company’s stock.

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In related news, insider Hock E. Tan sold 20,000 shares of Broadcom Limited stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $247.83, for a total value of $4,956,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Charlie B. Kawwas sold 1,788 shares of Broadcom Limited stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $247.28, for a total transaction of $442,136.64. The disclosure for this sale can be found here. Insiders sold 81,788 shares of company stock valued at $20,054,837 in the last quarter. 3.60% of the stock is owned by insiders.

A number of analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $285.00 target price on shares of Broadcom Limited in a report on Wednesday, July 12th. Loop Capital reiterated a “buy” rating and set a $302.00 price target on shares of Broadcom Limited in a report on Friday, August 25th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $281.00 price target on shares of Broadcom Limited in a report on Thursday, October 12th. Morgan Stanley reiterated a “buy” rating and set a $290.00 price target on shares of Broadcom Limited in a report on Friday, August 25th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $300.00 price target on shares of Broadcom Limited in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $277.51.

Shares of Broadcom Limited (AVGO) traded down 0.69% on Wednesday, reaching $262.08. 1,171,234 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $245.67 and a 200 day moving average of $242.28. The firm has a market capitalization of $106.92 billion, a P/E ratio of 199.60 and a beta of 1.08. Broadcom Limited has a one year low of $160.62 and a one year high of $266.70.

Broadcom Limited (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.07. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The company had revenue of $4.47 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the firm earned $2.89 earnings per share. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. On average, equities research analysts predict that Broadcom Limited will post $15.91 EPS for the current year.

Broadcom Limited 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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Institutional Ownership by Quarter for Broadcom Limited (NASDAQ:AVGO)

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