Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton raised its holdings in Broadcom Inc. (NASDAQ:AVGO) by 3.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,982 shares of the semiconductor manufacturer’s stock after acquiring an additional 184 shares during the period. Rosenberg Matthew Hamilton’s holdings in Broadcom were worth $1,387,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AVGO. NCP Inc. grew its holdings in Broadcom by 615.4% in the 2nd quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock valued at $747,000 after buying an additional 400 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Broadcom by 9.2% in the second quarter. Brown Brothers Harriman & Co. now owns 4,947 shares of the semiconductor manufacturer’s stock valued at $7,943,000 after purchasing an additional 416 shares during the period. One Capital Management LLC increased its position in Broadcom by 331.2% during the second quarter. One Capital Management LLC now owns 2,850 shares of the semiconductor manufacturer’s stock worth $4,576,000 after purchasing an additional 2,189 shares during the last quarter. WealthPLAN Partners LLC raised its stake in Broadcom by 12.4% during the second quarter. WealthPLAN Partners LLC now owns 1,351 shares of the semiconductor manufacturer’s stock worth $2,169,000 after purchasing an additional 149 shares during the period. Finally, Luts & Greenleigh Group Inc. acquired a new position in shares of Broadcom in the 2nd quarter valued at $426,000. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other news, Director Eddy W. Hartenstein sold 4,000 shares of Broadcom stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the completion of the transaction, the director now owns 46,400 shares in the company, valued at approximately $10,655,296. This trade represents a 7.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $239.96, for a total value of $10,798,200.00. Following the sale, the chief executive officer now directly owns 842,836 shares in the company, valued at approximately $202,246,926.56. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,278 shares of company stock valued at $44,964,800 over the last three months. 2.00% of the stock is owned by insiders.

Broadcom Stock Performance

Broadcom stock opened at $224.70 on Wednesday. Broadcom Inc. has a 52 week low of $109.02 and a 52 week high of $251.88. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.05 trillion, a P/E ratio of 195.22, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The stock has a 50 day moving average of $199.05 and a 200-day moving average of $176.63.

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

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.05%. This is an increase from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is 191.87%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group upped their price objective on Broadcom from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group raised their price objective on Broadcom from $205.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Deutsche Bank Aktiengesellschaft boosted their target price on Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Citigroup raised their price target on shares of Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and a consensus target price of $223.54.

Broadcom Profile

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.