Broadcom Inc. (NASDAQ:AVGO) Shares Acquired by Financial Perspectives Inc

Financial Perspectives Inc boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 0.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,106 shares of the semiconductor manufacturer’s stock after acquiring an additional 9 shares during the period. Broadcom comprises approximately 1.9% of Financial Perspectives Inc’s investment portfolio, making the stock its 13th largest position. Financial Perspectives Inc’s holdings in Broadcom were worth $4,583,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. PSI Advisors LLC grew its holdings in Broadcom by 66.7% during the 4th quarter. PSI Advisors LLC now owns 25 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 10 shares in the last quarter. Macroview Investment Management LLC acquired a new position in Broadcom during the 3rd quarter worth $29,000. BKM Wealth Management LLC acquired a new position in Broadcom during the 4th quarter worth $29,000. CKW Financial Group bought a new position in shares of Broadcom in the 4th quarter worth about $30,000. Finally, Rise Advisors LLC lifted its position in shares of Broadcom by 33.3% in the 4th quarter. Rise Advisors LLC now owns 40 shares of the semiconductor manufacturer’s stock worth $44,000 after buying an additional 10 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Up 2.0 %

Shares of AVGO stock traded up $24.73 during trading hours on Tuesday, reaching $1,249.19. 2,198,693 shares of the stock traded hands, compared to its average volume of 2,952,703. Broadcom Inc. has a 1-year low of $601.29 and a 1-year high of $1,438.17. The business has a fifty day moving average price of $1,304.30 and a 200 day moving average price of $1,125.79. 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 firm has a market capitalization of $578.90 billion, a PE ratio of 46.21, a PEG ratio of 2.46 and a beta of 1.25.

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 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 business had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. During the same quarter in the previous year, the business earned $9.83 earnings per share. The firm’s revenue was up 34.2% compared to the same quarter last year. On average, equities research analysts forecast that Broadcom Inc. will post 35.88 EPS for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were paid a $5.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $21.00 annualized dividend and a yield of 1.68%. Broadcom’s dividend payout ratio is presently 77.84%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AVGO. Evercore ISI began coverage on shares of Broadcom in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,620.00 price target on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,500.00 target price on shares of Broadcom in a research note on Monday, April 8th. Susquehanna boosted their target price on shares of Broadcom from $1,400.00 to $1,550.00 and gave the company a “positive” rating in a research note on Wednesday, February 28th. StockNews.com lowered shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Oppenheimer reissued an “outperform” rating and set a $1,500.00 target price (up from $1,100.00) on shares of Broadcom in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,285.41.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $1,344.00, for a total value of $6,720,000.00. Following the transaction, the insider now owns 16,575 shares in the company, valued at approximately $22,276,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Hock E. Tan sold 2,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $1,312.25, for a total transaction of $2,624,500.00. Following the completion of the sale, the chief executive officer now directly owns 168,096 shares of the company’s stock, valued at approximately $220,583,976. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 5,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $1,344.00, for a total transaction of $6,720,000.00. Following the sale, the insider now directly owns 16,575 shares of the company’s stock, valued at $22,276,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,920 shares of company stock worth $40,306,667. 2.00% of the stock is currently owned by company insiders.

Broadcom Company 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.