Stokes Family Office LLC Sells 430 Shares of Broadcom Inc. (NASDAQ:AVGO)

Stokes Family Office LLC trimmed its position in Broadcom Inc. (NASDAQ:AVGO) by 25.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,232 shares of the semiconductor manufacturer’s stock after selling 430 shares during the period. Stokes Family Office LLC’s holdings in Broadcom were worth $1,375,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AVGO. J.W. Cole Advisors Inc. boosted its position in Broadcom by 28.2% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,313 shares of the semiconductor manufacturer’s stock valued at $1,921,000 after buying an additional 509 shares during the last quarter. Bangor Savings Bank boosted its position in Broadcom by 8.6% in the 3rd quarter. Bangor Savings Bank now owns 428 shares of the semiconductor manufacturer’s stock valued at $355,000 after buying an additional 34 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Broadcom by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 202,700 shares of the semiconductor manufacturer’s stock valued at $168,359,000 after buying an additional 2,900 shares during the last quarter. Advisor Resource Council boosted its position in Broadcom by 14.9% in the 3rd quarter. Advisor Resource Council now owns 772 shares of the semiconductor manufacturer’s stock valued at $641,000 after buying an additional 100 shares during the last quarter. Finally, Strategic Investment Advisors MI lifted its stake in shares of Broadcom by 85.8% in the 3rd quarter. Strategic Investment Advisors MI now owns 5,818 shares of the semiconductor manufacturer’s stock valued at $4,833,000 after purchasing an additional 2,687 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Hock E. Tan sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total value of $2,624,500.00. Following the completion of the transaction, the chief executive officer now owns 168,096 shares in the company, valued at approximately $220,583,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Hock E. Tan sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total value of $2,624,500.00. Following the completion of the transaction, the chief executive officer now owns 168,096 shares in the company, valued at approximately $220,583,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 110 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $1,323.00, for a total value of $145,530.00. Following the completion of the transaction, the director now owns 3,125 shares of the company’s stock, valued at approximately $4,134,375. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock worth $40,306,667 in the last quarter. Corporate insiders own 2.00% of the company’s stock.

Broadcom Stock Up 3.2 %

Shares of AVGO traded up $39.54 during midday trading on Friday, hitting $1,278.11. The stock had a trading volume of 2,487,939 shares, compared to its average volume of 2,905,354. The company has a 50 day simple moving average of $1,309.02 and a two-hundred day simple moving average of $1,145.17. Broadcom Inc. has a twelve month low of $601.29 and a twelve month high of $1,438.17. The firm has a market cap of $592.30 billion, a price-to-earnings ratio of 47.37, a price-to-earnings-growth ratio of 2.53 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 released its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.95 by $2.04. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The firm had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.79 billion. During the same quarter last year, the business posted $9.83 EPS. The company’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, analysts anticipate that Broadcom Inc. will post 35.96 EPS for the current year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $1,500.00 price target on shares of Broadcom in a research note on Monday, April 8th. The Goldman Sachs Group reissued a “buy” rating and issued a $1,325.00 price target on shares of Broadcom in a research note on Friday, January 19th. Benchmark reissued a “buy” rating and issued a $1,720.00 price target on shares of Broadcom in a research note on Thursday, March 21st. UBS Group increased their price target on Broadcom to $1,480.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Evercore ISI assumed coverage on Broadcom in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $1,620.00 price target on the stock. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and an average price target of $1,285.41.

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.