AMP Capital Investors Ltd Grows Holdings in Broadcom Limited (AVGO)

AMP Capital Investors Ltd grew its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,153 shares of the semiconductor manufacturer’s stock after buying an additional 19,948 shares during the quarter. AMP Capital Investors Ltd owned 0.05% of Broadcom worth $53,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Beck Capital Management LLC grew its stake in Broadcom by 5.3% during the third quarter. Beck Capital Management LLC now owns 4,803 shares of the semiconductor manufacturer’s stock worth $1,165,000 after buying an additional 240 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Broadcom by 12.2% in the third quarter. Allianz Asset Management GmbH now owns 2,736,846 shares of the semiconductor manufacturer’s stock valued at $663,795,000 after purchasing an additional 297,100 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Broadcom by 24.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 303,941 shares of the semiconductor manufacturer’s stock valued at $73,718,000 after purchasing an additional 59,834 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Broadcom by 118.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 153,448 shares of the semiconductor manufacturer’s stock valued at $37,374,000 after purchasing an additional 83,100 shares during the period. Finally, Aureus Asset Management LLC boosted its stake in shares of Broadcom by 16.2% in the third quarter. Aureus Asset Management LLC now owns 2,443 shares of the semiconductor manufacturer’s stock valued at $593,000 after purchasing an additional 340 shares during the period. Institutional investors own 88.99% of the company’s stock.

AVGO has been the subject of several analyst reports. B. Riley restated an “avgo (” rating and issued a $305.00 target price on shares of Broadcom in a research note on Monday, August 21st. Rosenblatt Securities restated a “buy” rating and issued a $270.00 target price on shares of Broadcom in a research note on Wednesday, August 23rd. Loop Capital restated a “buy” rating and issued a $302.00 target price on shares of Broadcom in a research note on Friday, August 25th. Vetr upgraded shares of Broadcom from a “hold” rating to a “buy” rating and set a $258.25 target price for the company in a research note on Monday, August 21st. Finally, Cowen restated a “buy” rating and issued a $260.00 target price on shares of Broadcom in a research note on Friday, August 11th. Five investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $291.42.

In other Broadcom news, SVP Bryan Ingram sold 30,000 shares of the stock in a transaction 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 SEC, which is available through the SEC website. Also, SVP Charlie B. Kawwas sold 1,788 shares of the stock in a transaction 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 worth $25,949,184 over the last three months. 3.60% of the stock is owned by corporate insiders.

Shares of Broadcom Limited (NASDAQ:AVGO) opened at $261.65 on Wednesday. The stock has a market cap of $110,790.88, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.30 and a beta of 1.05. The company has a quick ratio of 3.84, a current ratio of 4.48 and a debt-to-equity ratio of 0.60. Broadcom Limited has a twelve month low of $163.45 and a twelve month high of $285.68.

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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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