Ladenburg Thalmann Financial Services Inc. Has $3.78 Million Holdings in Broadcom Limited (AVGO)

Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Broadcom Limited (NASDAQ:AVGO) by 18.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,566 shares of the semiconductor manufacturer’s stock after buying an additional 2,442 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Broadcom were worth $3,775,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Spectrum Management Group Inc. boosted its holdings in shares of Broadcom by 0.4% during the second quarter. Spectrum Management Group Inc. now owns 2,365 shares of the semiconductor manufacturer’s stock worth $551,000 after purchasing an additional 10 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in shares of Broadcom by 0.5% during the second quarter. Peapack Gladstone Financial Corp now owns 2,158 shares of the semiconductor manufacturer’s stock worth $503,000 after purchasing an additional 10 shares during the period. CWA Asset Management Group LLC boosted its holdings in shares of Broadcom by 0.9% during the second quarter. CWA Asset Management Group LLC now owns 1,917 shares of the semiconductor manufacturer’s stock worth $447,000 after purchasing an additional 17 shares during the period. Vestor Capital LLC boosted its holdings in shares of Broadcom by 0.3% during the second quarter. Vestor Capital LLC now owns 15,051 shares of the semiconductor manufacturer’s stock worth $3,508,000 after purchasing an additional 49 shares during the period. Finally, TRUE Private Wealth Advisors boosted its holdings in shares of Broadcom by 5.1% during the second quarter. TRUE Private Wealth Advisors now owns 1,426 shares of the semiconductor manufacturer’s stock worth $332,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 88.98% of the company’s stock.

In related news, CFO Thomas H. Krause sold 2,595 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $267.34, for a total value of $693,747.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Bryan Ingram sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $240.62, for a total transaction of $2,406,200.00. The disclosure for this sale can be found here. Insiders have sold 73,389 shares of company stock valued at $18,392,076 in the last three months. 3.60% of the stock is owned by insiders.

Shares of Broadcom Limited (NASDAQ AVGO) opened at $262.03 on Thursday. The firm has a market cap of $105,544.27, a P/E ratio of 17.97, a P/E/G ratio of 1.11 and a beta of 1.05. The company has a current ratio of 6.39, a quick ratio of 5.80 and a debt-to-equity ratio of 0.75. Broadcom Limited has a 1 year low of $173.31 and a 1 year high of $285.68.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.07. The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.84 billion. Broadcom had a net margin of 10.18% and a return on equity of 28.61%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.47 earnings per share. research analysts forecast that Broadcom Limited will post 16.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 19th will be given a dividend of $1.75 per share. The ex-dividend date is Monday, December 18th. This represents a $7.00 annualized dividend and a dividend yield of 2.67%. This is an increase from Broadcom’s previous quarterly dividend of $1.02. Broadcom’s dividend payout ratio (DPR) is 95.77%.

A number of equities analysts recently issued reports on the stock. Vetr raised shares of Broadcom from a “buy” rating to a “strong-buy” rating and set a $290.34 price target for the company in a research note on Tuesday. Nomura increased their price target on shares of Broadcom to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. DA Davidson increased their price target on shares of Broadcom to $325.00 and gave the stock a “buy” rating in a research note on Friday, December 8th. Drexel Hamilton reissued a “buy” rating and issued a $302.00 price target on shares of Broadcom in a research note on Thursday, December 7th. Finally, Craig Hallum reissued a “buy” rating and issued a $330.00 price target (up from $290.00) on shares of Broadcom in a research note on Thursday, December 7th. Four research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. Broadcom presently has an average rating of “Buy” and a consensus target price of $303.13.

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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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