Broadcom Inc (NASDAQ:AVGO) Shares Acquired by Capital International Inc. CA

Capital International Inc. CA raised its holdings in shares of Broadcom Inc (NASDAQ:AVGO) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 364,581 shares of the semiconductor manufacturer’s stock after acquiring an additional 711 shares during the quarter. Broadcom makes up 1.6% of Capital International Inc. CA’s investment portfolio, making the stock its 13th biggest holding. Capital International Inc. CA’s holdings in Broadcom were worth $115,215,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Great Diamond Partners LLC acquired a new stake in Broadcom during the 4th quarter worth approximately $27,000. Sterling Investment Advisors Ltd. acquired a new stake in Broadcom during the 4th quarter worth approximately $31,000. Islay Capital Management LLC acquired a new stake in Broadcom during the 4th quarter worth approximately $32,000. Private Ocean LLC lifted its position in Broadcom by 1,566.7% during the 4th quarter. Private Ocean LLC now owns 100 shares of the semiconductor manufacturer’s stock worth $32,000 after acquiring an additional 94 shares during the period. Finally, Legacy Bridge LLC acquired a new stake in Broadcom during the 4th quarter worth approximately $41,000. 83.02% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Hock E. Tan sold 73,646 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $303.36, for a total value of $22,341,250.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 420,938 shares of company stock valued at $121,050,177 over the last ninety days. 3.30% of the stock is currently owned by company insiders.

A number of research firms have weighed in on AVGO. Bank of America reaffirmed a “buy” rating and set a $320.00 price objective (down from $360.00) on shares of Broadcom in a research report on Monday, March 9th. BMO Capital Markets raised Broadcom from a “market perform” rating to an “outperform” rating and set a $330.00 price objective for the company in a research report on Monday, March 16th. SunTrust Banks decreased their price objective on Broadcom from $366.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, March 13th. They noted that the move was a valuation call. New Street Research reaffirmed a “buy” rating and set a price objective on shares of Broadcom in a research report on Wednesday, January 22nd. Finally, UBS Group decreased their price objective on Broadcom from $360.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $313.81.

NASDAQ AVGO traded up $23.83 during mid-day trading on Thursday, hitting $241.38. The stock had a trading volume of 249,069 shares, compared to its average volume of 5,157,263. Broadcom Inc has a 52-week low of $155.67 and a 52-week high of $331.58. The company has a market cap of $85.06 billion, a price-to-earnings ratio of 39.91, a P/E/G ratio of 1.13 and a beta of 0.87. The company has a 50 day simple moving average of $271.75 and a 200 day simple moving average of $294.91. The company has a quick ratio of 1.44, a current ratio of 1.56 and a debt-to-equity ratio of 1.58.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, March 12th. The semiconductor manufacturer reported $5.25 earnings per share for the quarter, missing the consensus estimate of $5.33 by ($0.08). Broadcom had a net margin of 11.64% and a return on equity of 69.53%. The firm had revenue of $5.86 billion during the quarter, compared to analysts’ expectations of $5.99 billion. During the same period in the previous year, the business earned $5.55 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Broadcom Inc will post 18.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be paid a $3.25 dividend. This represents a $13.00 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Friday, March 20th. Broadcom’s payout ratio is currently 74.67%.

Broadcom Profile

Broadcom Inc designs, develops, and supplies a range of semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. 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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