Oliver Lagore Vanvalin Investment Group Buys 11 Shares of Broadcom Inc. (NASDAQ:AVGO)

Oliver Lagore Vanvalin Investment Group boosted its stake in Broadcom Inc. (NASDAQ:AVGO) by 30.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47 shares of the semiconductor manufacturer’s stock after acquiring an additional 11 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Broadcom were worth $52,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AVGO. Macroview Investment Management LLC bought a new stake in shares of Broadcom during the 3rd quarter valued at $29,000. BKM Wealth Management LLC bought a new stake in shares of Broadcom during the 4th quarter valued at $29,000. CKW Financial Group bought a new stake in shares of Broadcom during the 4th quarter valued at $30,000. VitalStone Financial LLC boosted its holdings in shares of Broadcom by 71.4% during the 1st quarter. VitalStone Financial LLC now owns 60 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 25 shares in the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of Broadcom by 33.3% during the 4th quarter. Rise Advisors LLC now owns 40 shares of the semiconductor manufacturer’s stock valued at $44,000 after buying an additional 10 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AVGO shares. Benchmark restated a “buy” rating and set a $1,720.00 target price on shares of Broadcom in a report on Thursday, March 21st. The Goldman Sachs Group restated a “buy” rating and set a $1,325.00 target price on shares of Broadcom in a report on Friday, January 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,500.00 price target on shares of Broadcom in a research report on Monday, April 8th. Evercore ISI started coverage on Broadcom in a research report on Tuesday. They issued an “outperform” rating and a $1,620.00 price target for the company. Finally, StockNews.com lowered Broadcom from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Three equities 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,285.41.

Broadcom Price Performance

NASDAQ AVGO opened at $1,258.99 on Friday. Broadcom Inc. has a 52 week low of $601.29 and a 52 week high of $1,438.17. The firm has a market capitalization of $583.44 billion, a P/E ratio of 46.66, a PEG ratio of 2.62 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $1,306.69 and a 200-day moving average price of $1,116.18.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $11.79 billion. During the same quarter in the prior year, the firm earned $9.83 EPS. The business’s revenue for the quarter was up 34.2% compared to the same quarter last year. Equities research analysts anticipate that Broadcom Inc. will post 35.88 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a dividend of $5.25 per share. This represents a $21.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s payout ratio is currently 77.84%.

Insider Activity

In other news, insider Mark David Brazeal sold 2,500 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $1,318.97, for a total transaction of $3,297,425.00. Following the completion of the sale, the insider now owns 46,974 shares of the company’s stock, valued at approximately $61,957,296.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Eddy W. Hartenstein sold 3,150 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,290.34, for a total transaction of $4,064,571.00. Following the completion of the transaction, the director now directly owns 4,643 shares in the company, valued at approximately $5,991,048.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark David Brazeal sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $1,318.97, for a total value of $3,297,425.00. Following the transaction, the insider now owns 46,974 shares of the company’s stock, valued at $61,957,296.78. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock valued at $40,306,667 in the last quarter. 2.00% of the stock is currently owned by insiders.

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.