Broadcom Inc. (NASDAQ:AVGO) Stock Holdings Increased by Montag A & Associates Inc.

Montag A & Associates Inc. boosted its position in shares of Broadcom Inc. (NASDAQ:AVGOFree Report) by 1.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,830 shares of the semiconductor manufacturer’s stock after acquiring an additional 57 shares during the period. Montag A & Associates Inc.’s holdings in Broadcom were worth $4,012,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC lifted its position in shares of Broadcom by 76.5% during the 3rd quarter. Rise Advisors LLC now owns 30 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 13 shares during the period. Bollard Group LLC acquired a new position in Broadcom in the second quarter valued at about $26,000. Macroview Investment Management LLC bought a new stake in Broadcom during the third quarter worth about $29,000. Indiana Trust & Investment Management CO acquired a new stake in shares of Broadcom during the third quarter worth approximately $32,000. Finally, VitalStone Financial LLC boosted its holdings in shares of Broadcom by 71.4% in the 1st quarter. VitalStone Financial LLC now owns 60 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 78.81% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the topic of several research reports. Oppenheimer upped their price objective on Broadcom from $990.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Monday, December 4th. Summit Insights upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Rosenblatt Securities reiterated a “buy” rating and set a $1,000.00 price target on shares of Broadcom in a research report on Monday, December 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $1,300.00 price objective on shares of Broadcom in a report on Monday. Finally, TD Cowen lifted their target price on shares of Broadcom from $900.00 to $1,000.00 and gave the stock a “market perform” rating in a report on Friday, December 8th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Broadcom presently has an average rating of “Moderate Buy” and a consensus target price of $981.45.

View Our Latest Research Report on Broadcom

Insiders Place Their Bets

In related news, CFO Kirsten M. Spears sold 2,500 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $1,043.14, for a total value of $2,607,850.00. Following the sale, the chief financial officer now directly owns 26,880 shares of the company’s stock, valued at $28,039,603.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Hock E. Tan sold 20,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $1,089.69, for a total value of $21,793,800.00. Following the completion of the sale, the chief executive officer now directly owns 229,796 shares in the company, valued at $250,406,403.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kirsten M. Spears sold 2,500 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $1,043.14, for a total transaction of $2,607,850.00. Following the sale, the chief financial officer now owns 26,880 shares of the company’s stock, valued at $28,039,603.20. The disclosure for this sale can be found here. Insiders sold 45,443 shares of company stock worth $50,151,532 over the last three months. Insiders own 2.20% of the company’s stock.

Broadcom Stock Down 1.4 %

Broadcom stock traded down $18.44 during midday trading on Monday, reaching $1,265.00. The stock had a trading volume of 2,422,595 shares, compared to its average volume of 2,664,939. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.56 and a current ratio of 2.82. Broadcom Inc. has a 1-year low of $572.10 and a 1-year high of $1,295.97. The stock has a market capitalization of $592.20 billion, a P/E ratio of 38.56, a price-to-earnings-growth ratio of 2.37 and a beta of 1.25. The firm’s fifty day simple moving average is $1,124.64 and its 200-day simple moving average is $965.40.

Broadcom (NASDAQ:AVGOGet Free Report) last issued its quarterly earnings results on Thursday, December 7th. The semiconductor manufacturer reported $11.06 EPS for the quarter, beating the consensus estimate of $10.96 by $0.10. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Broadcom had a return on equity of 73.43% and a net margin of 39.31%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.75 earnings per share. As a group, analysts expect that Broadcom Inc. will post 42.71 EPS for the current fiscal year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th were given a dividend of $5.25 per share. This is an increase from Broadcom’s previous quarterly dividend of $4.60. This represents a $21.00 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, December 19th. Broadcom’s payout ratio is currently 63.75%.

Broadcom Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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