Broadcom Limited (AVGO) Shares Bought by Fulton Bank N.A.

Fulton Bank N.A. lifted its position in shares of Broadcom Limited (NASDAQ:AVGO) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,522 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,223 shares during the quarter. Fulton Bank N.A.’s holdings in Broadcom Limited were worth $1,825,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AVGO. Vanguard Group Inc. lifted its stake in Broadcom Limited by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock valued at $6,423,271,000 after buying an additional 793,335 shares in the last quarter. BlackRock Inc. lifted its stake in Broadcom Limited by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after buying an additional 798,982 shares in the last quarter. State Street Corp lifted its stake in Broadcom Limited by 1.6% in the 2nd quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock valued at $3,742,946,000 after buying an additional 255,044 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Broadcom Limited by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after buying an additional 1,338,695 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Broadcom Limited by 29.3% in the 1st quarter. Wellington Management Group LLP now owns 6,710,760 shares of the semiconductor manufacturer’s stock valued at $1,469,388,000 after buying an additional 1,519,598 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

In other Broadcom Limited news, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $246.48, for a total transaction of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 81,788 shares of company stock worth $20,054,837 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Shares of Broadcom Limited (NASDAQ AVGO) traded down 0.6133% during trading on Wednesday, hitting $241.1321. 951,889 shares of the stock traded hands. The company has a market cap of $98.38 billion, a PE ratio of 183.6497 and a beta of 1.08. The firm has a 50 day moving average price of $245.16 and a 200-day moving average price of $239.72. Broadcom Limited has a one year low of $160.62 and a one year high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.07. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted $2.89 EPS. Analysts anticipate that Broadcom Limited will post $15.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a $1.02 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.68%. Broadcom Limited’s dividend payout ratio is 348.72%.

AVGO has been the topic of a number of recent research reports. Deutsche Bank AG upped their target price on Broadcom Limited from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Broadcom Limited in a research note on Tuesday, October 10th. Vetr lowered Broadcom Limited from a “buy” rating to a “hold” rating and set a $261.95 target price on the stock. in a research note on Monday, September 4th. B. Riley reaffirmed an “avgo (” rating and issued a $305.00 target price on shares of Broadcom Limited in a research note on Monday, August 21st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $292.00 target price on shares of Broadcom Limited in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $277.22.

COPYRIGHT VIOLATION NOTICE: “Broadcom Limited (AVGO) Shares Bought by Fulton Bank N.A.” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you

Several other large investors have also recently made changes to their positions in AVGO. Vanguard Group Inc. lifted its stake in Broadcom Limited by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer’s stock valued at $6,423,271,000 after buying an additional 793,335 shares in the last quarter. BlackRock Inc. lifted its stake in Broadcom Limited by 3.5% in the 2nd quarter. BlackRock Inc. now owns 23,930,917 shares of the semiconductor manufacturer’s stock valued at $5,577,099,000 after buying an additional 798,982 shares in the last quarter. State Street Corp lifted its stake in Broadcom Limited by 1.6% in the 2nd quarter. State Street Corp now owns 16,060,697 shares of the semiconductor manufacturer’s stock valued at $3,742,946,000 after buying an additional 255,044 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Broadcom Limited by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,704,177 shares of the semiconductor manufacturer’s stock valued at $2,028,442,000 after buying an additional 1,338,695 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Broadcom Limited by 29.3% in the 1st quarter. Wellington Management Group LLP now owns 6,710,760 shares of the semiconductor manufacturer’s stock valued at $1,469,388,000 after buying an additional 1,519,598 shares in the last quarter. 89.65% of the stock is currently owned by institutional investors and hedge funds.

In other Broadcom Limited news, SVP Charlie B. Kawwas sold 1,788 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $247.28, for a total value of $442,136.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $246.48, for a total transaction of $4,929,600.00. The disclosure for this sale can be found here. Insiders sold a total of 81,788 shares of company stock worth $20,054,837 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Shares of Broadcom Limited (NASDAQ AVGO) traded down 0.6133% during trading on Wednesday, hitting $241.1321. 951,889 shares of the stock traded hands. The company has a market cap of $98.38 billion, a PE ratio of 183.6497 and a beta of 1.08. The firm has a 50 day moving average price of $245.16 and a 200-day moving average price of $239.72. Broadcom Limited has a one year low of $160.62 and a one year high of $259.36.

Broadcom Limited (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, August 24th. The semiconductor manufacturer reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.07. The company had revenue of $4.47 billion for the quarter, compared to analyst estimates of $4.46 billion. Broadcom Limited had a net margin of 3.12% and a return on equity of 26.82%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period last year, the business posted $2.89 EPS. Analysts anticipate that Broadcom Limited will post $15.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were given a $1.02 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $4.08 annualized dividend and a yield of 1.68%. Broadcom Limited’s dividend payout ratio is 348.72%.

AVGO has been the topic of a number of recent research reports. Deutsche Bank AG upped their target price on Broadcom Limited from $275.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 25th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $285.00 target price on shares of Broadcom Limited in a research note on Tuesday, October 10th. Vetr lowered Broadcom Limited from a “buy” rating to a “hold” rating and set a $261.95 target price on the stock. in a research note on Monday, September 4th. B. Riley reaffirmed an “avgo (” rating and issued a $305.00 target price on shares of Broadcom Limited in a research note on Monday, August 21st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $292.00 target price on shares of Broadcom Limited in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and four have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $277.22.

COPYRIGHT VIOLATION NOTICE: “Broadcom Limited (AVGO) Shares Bought by Fulton Bank N.A.” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/18/broadcom-limited-avgo-shares-bought-by-fulton-bank-n-a.html.

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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