Sheaff Brock Investment Advisors LLC Grows Position in Broadcom Limited (AVGO)

Sheaff Brock Investment Advisors LLC increased its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 136.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,267 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,308 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Broadcom were worth $550,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC raised its stake in Broadcom by 348.3% during the third quarter. Quantitative Systematic Strategies LLC now owns 4,335 shares of the semiconductor manufacturer’s stock worth $1,051,000 after acquiring an additional 3,368 shares during the period. Alps Advisors Inc. acquired a new stake in shares of Broadcom in the second quarter valued at approximately $221,000. Osborne Partners Capital Management LLC increased its stake in shares of Broadcom by 5.5% in the third quarter. Osborne Partners Capital Management LLC now owns 9,531 shares of the semiconductor manufacturer’s stock valued at $2,312,000 after purchasing an additional 499 shares during the period. Principal Financial Group Inc. increased its stake in shares of Broadcom by 14.4% in the second quarter. Principal Financial Group Inc. now owns 667,057 shares of the semiconductor manufacturer’s stock valued at $155,459,000 after purchasing an additional 83,929 shares during the period. Finally, DSAM Partners London Ltd increased its stake in shares of Broadcom by 103.4% in the second quarter. DSAM Partners London Ltd now owns 184,714 shares of the semiconductor manufacturer’s stock valued at $43,048,000 after purchasing an additional 93,890 shares during the period. Hedge funds and other institutional investors own 88.99% of the company’s stock.

Several equities research analysts have commented on the stock. B. Riley raised their price target on shares of Broadcom from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. BMO Capital Markets assumed coverage on shares of Broadcom in a research note on Monday, November 20th. They issued an “outperform” rating and a $330.00 price target on the stock. Loop Capital restated a “buy” rating and issued a $302.00 price target on shares of Broadcom in a research note on Friday, August 25th. SunTrust Banks restated a “buy” rating and issued a $281.00 price target on shares of Broadcom in a research note on Thursday, October 12th. Finally, Morgan Stanley restated a “buy” rating and issued a $290.00 price target on shares of Broadcom in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $290.42.

In related news, SVP Bryan Ingram sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $244.01, for a total transaction of $7,320,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s 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 have sold 104,383 shares of company stock valued at $25,949,184 over the last 90 days. 3.60% of the stock is currently owned by insiders.

Broadcom Limited (NASDAQ AVGO) opened at $263.61 on Tuesday. Broadcom Limited has a 12 month low of $162.40 and a 12 month high of $285.68. The company has a current ratio of 4.48, a quick ratio of 3.84 and a debt-to-equity ratio of 0.60. The company has a market cap of $107,550.00, a P/E ratio of 20.53, a P/E/G ratio of 1.30 and a beta of 1.05.

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About Broadcom

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 (NASDAQ:AVGO)

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