Broadcom Inc. (NASDAQ:AVGO) Shares Acquired by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC grew its stake in Broadcom Inc. (NASDAQ:AVGO) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 411 shares of the semiconductor manufacturer’s stock after purchasing an additional 16 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Broadcom were worth $459,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVGO. AtonRa Partners acquired a new stake in Broadcom during the third quarter worth about $206,000. Miracle Mile Advisors LLC grew its position in Broadcom by 1.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 3,983 shares of the semiconductor manufacturer’s stock worth $3,308,000 after purchasing an additional 40 shares during the last quarter. Means Investment CO. Inc. grew its position in Broadcom by 40.7% in the 3rd quarter. Means Investment CO. Inc. now owns 377 shares of the semiconductor manufacturer’s stock worth $313,000 after purchasing an additional 109 shares during the last quarter. Northstar Asset Management LLC grew its position in Broadcom by 34.0% in the 3rd quarter. Northstar Asset Management LLC now owns 315 shares of the semiconductor manufacturer’s stock worth $262,000 after purchasing an additional 80 shares during the last quarter. Finally, Sage Mountain Advisors LLC grew its position in Broadcom by 2.1% in the 3rd quarter. Sage Mountain Advisors LLC now owns 6,379 shares of the semiconductor manufacturer’s stock worth $5,298,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Up 3.2 %

AVGO traded up $39.54 on Friday, reaching $1,278.11. 2,489,755 shares of the company traded hands, compared to its average volume of 2,435,058. The stock’s 50 day moving average price is $1,308.66 and its 200-day moving average price is $1,147.78. Broadcom Inc. has a 52-week low of $601.29 and a 52-week high of $1,438.17. The company has a market cap of $592.30 billion, a price-to-earnings ratio of 47.37, a PEG ratio of 2.52 and a beta of 1.25. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.34 and a quick ratio of 1.24.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, beating analysts’ consensus estimates of $8.95 by $2.04. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. The firm had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.79 billion. During the same period in the previous year, the firm posted $9.83 earnings per share. The firm’s revenue was up 34.2% on a year-over-year basis. On average, sell-side analysts expect that Broadcom Inc. will post 35.96 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a $5.25 dividend. This represents a $21.00 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s dividend payout ratio is 77.84%.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a $1,700.00 target price on shares of Broadcom in a research report on Thursday, March 21st. Rosenblatt Securities restated a “buy” rating and issued a $1,500.00 target price on shares of Broadcom in a research report on Thursday, March 21st. The Goldman Sachs Group restated a “buy” rating and issued a $1,325.00 target price on shares of Broadcom in a research report on Friday, January 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,500.00 price objective on shares of Broadcom in a report on Monday, April 8th. Finally, Mizuho boosted their target price on Broadcom from $1,450.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,285.41.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $1,316.46, for a total value of $3,291,150.00. Following the completion of the sale, the insider now directly owns 41,974 shares of the company’s stock, valued at $55,257,092.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Eddy W. Hartenstein sold 3,150 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total transaction of $4,064,571.00. Following the completion of the sale, the director now directly owns 4,643 shares of the company’s stock, valued at approximately $5,991,048.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 2,500 shares of the company’s stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $1,316.46, for a total transaction of $3,291,150.00. Following the sale, the insider now directly owns 41,974 shares of the company’s stock, valued at $55,257,092.04. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock valued at $40,306,667 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.