Broadcom Inc. (NASDAQ:AVGO) Holdings Trimmed by Willner & Heller LLC

Willner & Heller LLC decreased its position in Broadcom Inc. (NASDAQ:AVGO) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,554 shares of the semiconductor manufacturer’s stock after selling 358 shares during the period. Broadcom accounts for about 1.7% of Willner & Heller LLC’s investment portfolio, making the stock its 10th biggest position. Willner & Heller LLC’s holdings in Broadcom were worth $1,983,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. NCP Inc. lifted its stake in shares of Broadcom by 615.4% during the second quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock worth $747,000 after buying an additional 400 shares during the period. Interval Partners LP purchased a new position in Broadcom during the second quarter valued at approximately $5,820,000. Mill Creek Capital Advisors LLC lifted its stake in shares of Broadcom by 17.1% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 796 shares of the semiconductor manufacturer’s stock valued at $1,278,000 after purchasing an additional 116 shares during the period. CreativeOne Wealth LLC raised its position in shares of Broadcom by 91.6% in the second quarter. CreativeOne Wealth LLC now owns 12,449 shares of the semiconductor manufacturer’s stock worth $19,988,000 after acquiring an additional 5,952 shares during the period. Finally, Semmax Financial Advisors Inc. boosted its position in Broadcom by 411.4% during the second quarter. Semmax Financial Advisors Inc. now owns 946 shares of the semiconductor manufacturer’s stock worth $1,519,000 after purchasing an additional 761 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Citigroup boosted their target price on shares of Broadcom from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Susquehanna lifted their price target on Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a report on Friday, December 13th. Cantor Fitzgerald lifted their price target on shares of Broadcom from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler increased their price objective on Broadcom from $200.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Broadcom from $190.00 to $240.00 and gave the company a “buy” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $225.83.

Insiders Place Their Bets

In other news, Director Diane M. Bryant sold 15,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $226.68, for a total value of $3,400,200.00. Following the sale, the director now owns 6,460 shares in the company, valued at approximately $1,464,352.80. The trade was a 69.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Harry L. You sold 6,540 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $240.00, for a total transaction of $1,569,600.00. Following the sale, the director now directly owns 30,450 shares in the company, valued at $7,308,000. This represents a 17.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 191,278 shares of company stock valued at $44,964,800 in the last three months. Company insiders own 2.00% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $240.31 on Wednesday. The stock has a fifty day moving average of $203.18 and a 200-day moving average of $178.65. The company has a market capitalization of $1.13 trillion, a PE ratio of 196.01, a price-to-earnings-growth ratio of 2.48 and a beta of 1.03. Broadcom Inc. has a one year low of $117.43 and a one year high of $251.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. The business had revenue of $14.05 billion during the quarter, compared to analyst estimates of $14.07 billion. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. Broadcom’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.59 dividend. This is an increase from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is currently 192.50%.

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.