Broadcom Inc. (NASDAQ:AVGO) Stock Holdings Lifted by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 160,264 shares of the semiconductor manufacturer’s stock after acquiring an additional 911 shares during the quarter. Broadcom comprises about 2.5% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 8th largest position. Franklin Street Advisors Inc. NC’s holdings in Broadcom were worth $37,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. raised its holdings in Broadcom by 98.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 2,184 shares of the semiconductor manufacturer’s stock worth $506,000 after purchasing an additional 1,084 shares during the period. Baker Tilly Wealth Management LLC raised its holdings in Broadcom by 2.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,188 shares of the semiconductor manufacturer’s stock worth $1,898,000 after purchasing an additional 201 shares during the period. Marotta Asset Management acquired a new position in Broadcom in the 4th quarter worth about $223,000. Fortitude Family Office LLC increased its stake in Broadcom by 9.8% during the 4th quarter. Fortitude Family Office LLC now owns 4,150 shares of the semiconductor manufacturer’s stock worth $962,000 after buying an additional 370 shares in the last quarter. Finally, Watts Gwilliam & Co. LLC increased its stake in Broadcom by 21.7% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 9,763 shares of the semiconductor manufacturer’s stock worth $2,232,000 after buying an additional 1,744 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on AVGO shares. Rosenblatt Securities reiterated a “buy” rating and set a $240.00 price objective on shares of Broadcom in a research note on Wednesday, December 11th. Morgan Stanley upped their price target on Broadcom from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. TD Cowen increased their price objective on Broadcom from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Citigroup increased their price objective on Broadcom from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Hsbc Global Res upgraded Broadcom to a “hold” rating in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $221.88.

Insider Buying and Selling at Broadcom

In other news, insider Mark David Brazeal sold 20,168 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the transaction, the insider now owns 321,660 shares of the company’s stock, valued at approximately $76,809,191.40. This trade represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Charlie B. Kawwas sold 40,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $231.98, for a total transaction of $9,279,200.00. Following the transaction, the insider now directly owns 696,730 shares in the company, valued at $161,627,425.40. The trade was a 5.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 187,278 shares of company stock valued at $44,046,240 in the last ninety days. Insiders own 2.00% of the company’s stock.

Broadcom Trading Down 2.9 %

AVGO traded down $6.68 during trading on Friday, hitting $222.63. The company’s stock had a trading volume of 10,611,918 shares, compared to its average volume of 24,183,963. The firm’s 50 day moving average price is $195.79 and its 200-day moving average price is $175.31. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.04 and a quick ratio of 0.94. The stock has a market cap of $1.04 trillion, a PE ratio of 193.42, a PEG ratio of 2.15 and a beta of 1.03. Broadcom Inc. has a twelve month low of $107.45 and a twelve month high of $251.88.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. The business had revenue of $14.05 billion during the quarter, compared to the consensus estimate of $14.07 billion. During the same period in the prior year, the firm posted $0.98 EPS. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. On average, analysts expect that Broadcom Inc. will post 3.79 earnings per share for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.59 dividend. This is a boost from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Monday, December 23rd. Broadcom’s dividend payout ratio is presently 191.87%.

About Broadcom

Broadcom Inc designs, develops, and supplies various 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 in two segments, Semiconductor Solutions and Infrastructure Software.