Sivia Capital Partners LLC Has $2.22 Million Stock Position in Broadcom Inc. (NASDAQ:AVGO)

Sivia Capital Partners LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,584 shares of the semiconductor manufacturer’s stock after purchasing an additional 52 shares during the quarter. Broadcom comprises 1.1% of Sivia Capital Partners LLC’s holdings, making the stock its 16th biggest position. Sivia Capital Partners LLC’s holdings in Broadcom were worth $2,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVGO. NCP Inc. raised its holdings in Broadcom by 615.4% during the 2nd quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock worth $747,000 after purchasing an additional 400 shares during the last quarter. William Blair Investment Management LLC bought a new stake in Broadcom during the 2nd quarter worth about $27,647,000. Inspire Advisors LLC bought a new stake in Broadcom during the 2nd quarter worth about $211,000. Rathbones Group PLC raised its holdings in Broadcom by 23.5% during the 2nd quarter. Rathbones Group PLC now owns 4,674 shares of the semiconductor manufacturer’s stock worth $7,504,000 after purchasing an additional 889 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Broadcom by 9.2% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,947 shares of the semiconductor manufacturer’s stock worth $7,943,000 after purchasing an additional 416 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Broadcom Trading Up 0.4 %

NASDAQ AVGO opened at $225.29 on Tuesday. The company has a market cap of $1.06 trillion, a PE ratio of 195.73, a PEG ratio of 2.15 and a beta of 1.03. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02. Broadcom Inc. has a 12 month low of $109.02 and a 12 month high of $251.88. The stock has a 50 day moving average of $198.03 and a 200-day moving average of $176.17.

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

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Broadcom’s previous quarterly dividend of $0.53. Broadcom’s dividend payout ratio is presently 191.87%.

Wall Street Analysts Forecast Growth

AVGO has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on Broadcom from $205.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Susquehanna upped their price target on Broadcom from $200.00 to $225.00 and gave the company a “positive” rating in a research note on Friday, December 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $240.00 price target on shares of Broadcom in a research note on Wednesday, December 11th. Mizuho upped their price target on Broadcom from $245.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Benchmark reaffirmed a “buy” rating and issued a $255.00 price target (up from $210.00) on shares of Broadcom in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.54.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 40,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 696,730 shares of the company’s stock, valued at $161,627,425.40. This trade represents a 5.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harry L. You sold 6,540 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $240.00, for a total value of $1,569,600.00. Following the sale, the director now directly owns 30,450 shares of the company’s stock, valued at $7,308,000. This represents a 17.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,278 shares of company stock valued at $44,964,800 in the last quarter. 2.00% of the stock is currently owned by insiders.

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.