Calamos Wealth Management LLC Has $1459000 Stake in Broadcom Limited (AVGO)

Doris Richards
January 12, 2018

It dived, as 0 investors sold Broadcom Limited shares while 4 reduced holdings. The institutional investor owned 211,355 shares of the semiconductor manufacturer's stock after selling 8,935 shares during the period. Carroll Financial Associates Inc. grew its stake in Broadcom by 59.0% in the 3rd quarter. While take a short look on price to sales ratio, that was 0.51.

Several other hedge funds have also modified their holdings of AVGO. Whereas, in last 21 trading days (one month) was moved up 1.12% and isolated positively in last 63 trading days (quarter) of 6.85%. Ameriprise Financial Inc. boosted its stake in shares of Broadcom by 18.2% during the 2nd quarter. Mitchell Mcleod Pugh And Williams Incorporated stated it has 2,648 shares or 0.47% of all its holdings. Mountain Capital Investment Advisors Inc bought a new stake in Broadcom in the 2nd quarter valued at about $113,000. SunTrust Banks reissued a buy rating and set a $281.00 price objective on shares of Broadcom in a research report on Thursday, October 12th. Its up 9.49% from 3.51M shares, reported previously. 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, Main Street Research LLC raised its stake in shares of Broadcom Limited by 13.5% in the fourth quarter. Egerton Capital UK LLP now owns 1,493,024 shares of the semiconductor manufacturer's stock worth $362,118,000 after acquiring an additional 791,460 shares in the last quarter.

AVGO has been the topic of a number of other research reports. Loop Capital Markets maintained it with "Buy" rating and $302.0 target in Friday, August 25 report. Barclays increased their target price 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. Mizuho maintained the stock with "Buy" rating in Thursday, December 14 report. FBR Capital initiated Broadcom Limited (NASDAQ:AVGO) rating on Thursday, December 10.

Among 2 analysts covering Overstock.com (NASDAQ:OSTK), 2 have Buy rating, 0 Sell and 0 Hold. The stock now has a consensus rating of Buy and a consensus target price of $302.66.


In other Broadcom news, insider Hock E. Tan sold 20,000 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $200.76, for a total transaction of $200,760,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Charlie B. Kawwas sold 357 shares of the stock in a transaction dated Monday, December 19th. The stock was sold at an average price of $258.60, for a total transaction of $205,328.40. The disclosure for this sale can be found here.

The stock of Broadcom Limited Ord (NASDAQ:AVGO) registered an increase of 9.49% in short interest. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months. The low score of 44.00000 for Broadcom Limited indicates a top score for stability and growth. If a security's beta is equal to 1, the security's price moves in time step with the market. The company has a current ratio of 6.26, a quick ratio of 5.68 and a debt-to-equity ratio of 0.75. The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.84 billion. Broadcom Limited had a negative net margin of 13.13% and a positive return on equity of 22.77%. Renaissance Investment Group Llc who had been investing in Automatic Data Proc for a number of months, seems to be less bullish one the $51.97 billion market cap company. During the same period in the prior year, the company earned $2.51 EPS. The company's revenue was up 17.1% compared to the same quarter previous year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th were given a $1.75 dividend.

Tracking other technical indicators, the 14-day RSI is presently standing at 49.47, the 7-day sits at 53.39, and the 3-day is resting at 65.65 for Charter Finl Corp (CHFN). FHN reported a change of 2.06% over the last week and performed 1.91% over the last month while its year to date (YTD) performance revealed an activity trend of 1.65%. Broadcom's payout ratio is 178.12%. If you are reading this report on another domain, it was stolen and republished in violation of global copyright law. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/01/10/sit-investment-associates-inc-sells-8935-shares-of-broadcom-ltd-avgo.html.

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