While take a short look on price to sales ratio, that was 0.51. Insiders own 3.60% of the company's stock. Janus Henderson Group PLC boosted its stake in shares of Broadcom by 80.3% during the 3rd quarter.
AVGO traded at an unexpectedly low level on 10/01/2018 when the stock experienced a -2.11% loss to a closing price of $262.83. Finally, Balentine LLC grew its stake in Broadcom by 21.9% in the 2nd quarter. Benson Investment Management Company Inc. purchased a new stake in shares of Broadcom Limited during the fourth quarter worth about $2,046,000. Mountain Capital Investment Advisors Inc bought a new stake in Broadcom in the 2nd quarter valued at about $113,000.
A number of equities research analysts recently issued reports on AVGO shares. Comparatively, AVGO posted earnings of $3.7 per share in the same quarter, a year earlier. Vanguard Group Inc. now owns 27,561,770 shares of the semiconductor manufacturer's stock worth $6,423,271,000 after acquiring an additional 793,335 shares in the last quarter. Finally, Egerton Capital UK LLP increased its stake in Broadcom by 112.8% during the third quarter. Tower Research Capital LLC TRC now owns 573 shares of the semiconductor manufacturer's stock valued at $134,000 after acquiring an additional 473 shares during the period.
AVGO has been the topic of a number of other research reports. Morgan Stanley reiterated an "overweight" rating and issued a $210.00 price target on shares of Broadcom Limited in a report on Saturday, December 10th. Barclays lifted their price target on shares of Broadcom from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Wednesday, October 18th. The rating was maintained by Jefferies on Friday, August 25 with "Buy". The firm earned "Outperform" rating on Friday, June 3 by Oppenheimer. FBR Capital initiated Broadcom Limited (NASDAQ:AVGO) rating on Thursday, December 10. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company's stock. The stock now has a consensus rating of Buy and a consensus target price of $302.66. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryan Ingram sold 794 shares of the company's stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $247.83, for a total value of $4,956,600.00. The disclosure for this sale can be found here. Insiders sold 86,674 shares of company stock valued at $22,311,790 in the last ninety days. Insiders own 6.20% of the company's stock. Moreover, Wagner Bowman Corporation has 0.08% invested in Broadcom Limited (NASDAQ:AVGO) for 1,248 shares. 1,658,603 shares of the company traded hands, compared to its average volume of 2,649,833. A volatility formula based only on the high-low range would fail to capture volatility from gap or limit moves. The company has a quick ratio of 5.68, a current ratio of 6.26 and a debt-to-equity ratio of 0.75.
News headlines about Broadcom (NASDAQ:AVGO) have trended somewhat positive this week, according to Accern. The firm had revenue of $4.15 billion for the quarter. Broadcom had a net margin of 10.18% and a return on equity of 28.64%. The firm's market capitalization is $82.12 billion. During the same quarter in the prior year, the business earned $3.47 earnings per share.
EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -97.50%, and looking further price to next year's EPS is 17.36%. Shareholders of record on Tuesday, December 19th were given a $1.75 dividend. The ex-dividend date was Monday, December 18th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.66%. After $0.91 actual earnings per share reported by Automatic Data Processing, Inc. for the previous quarter, Wall Street now forecasts -2.20% negative EPS growth. Broadcom's dividend payout ratio is presently 178.12%.
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Broadcom Limited (AVGO) now has a Return on Assets (ROA) value of 3.3 Percent. If you are reading this report on another domain, it was stolen and republished in violation of worldwide copyright law.
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 firm operates through four divisions: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.
Shifting gears, we can see that Broadcom Limited (NasdaqGS:AVGO) has a Q.i.