Broadcom Inc. (NASDAQ:AVGO) Shares Sold by Epic Trust Investment Advisors LLC

Epic Trust Investment Advisors LLC lessened its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 250 shares of the semiconductor manufacturer’s stock after selling 37 shares during the period. Epic Trust Investment Advisors LLC’s holdings in Broadcom were worth $279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of Broadcom by 9.5% during the third quarter. Commonwealth Equity Services LLC now owns 99,621 shares of the semiconductor manufacturer’s stock valued at $82,743,000 after acquiring an additional 8,644 shares during the period. YHB Investment Advisors Inc. boosted its position in shares of Broadcom by 8.3% during the third quarter. YHB Investment Advisors Inc. now owns 819 shares of the semiconductor manufacturer’s stock worth $680,000 after buying an additional 63 shares during the period. RMR Wealth Builders increased its position in Broadcom by 6.5% in the 3rd quarter. RMR Wealth Builders now owns 6,362 shares of the semiconductor manufacturer’s stock valued at $5,284,000 after acquiring an additional 388 shares during the period. Deltec Asset Management LLC raised its stake in Broadcom by 5.6% during the 3rd quarter. Deltec Asset Management LLC now owns 9,412 shares of the semiconductor manufacturer’s stock valued at $7,817,000 after acquiring an additional 500 shares in the last quarter. Finally, Accurate Wealth Management LLC increased its holdings in shares of Broadcom by 13.3% during the third quarter. Accurate Wealth Management LLC now owns 1,769 shares of the semiconductor manufacturer’s stock valued at $1,565,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO traded down $34.82 during trading on Tuesday, reaching $1,303.80. The stock had a trading volume of 1,242,598 shares, compared to its average volume of 2,894,758. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.34 and a quick ratio of 1.24. The stock has a market capitalization of $604.21 billion, a PE ratio of 48.86, a P/E/G ratio of 2.74 and a beta of 1.25. The business’s 50-day moving average price is $1,308.57 and its 200 day moving average price is $1,140.88. Broadcom Inc. has a 52 week low of $601.29 and a 52 week high of $1,438.17.

Broadcom (NASDAQ:AVGO) last issued its 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 net margin of 29.93% and a return on equity of 47.71%. The company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. During the same quarter last year, the firm earned $9.83 EPS. The company’s revenue for the quarter was up 34.2% on a year-over-year basis. As a group, equities analysts predict that Broadcom Inc. will post 35.96 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a $5.25 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $21.00 annualized dividend and a yield of 1.61%. Broadcom’s dividend payout ratio (DPR) is presently 77.84%.

Insider Transactions at Broadcom

In related news, Director Eddy W. Hartenstein sold 3,150 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total transaction of $4,064,571.00. Following the sale, the director now directly owns 4,643 shares in the company, valued at $5,991,048.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Kenneth Hao sold 9,160 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1,388.13, for a total value of $12,715,270.80. Following the sale, the director now directly owns 45 shares of the company’s stock, valued at approximately $62,465.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Eddy W. Hartenstein sold 3,150 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total value of $4,064,571.00. Following the completion of the sale, the director now owns 4,643 shares in the company, valued at approximately $5,991,048.62. The disclosure for this sale can be found here. Insiders have sold a total of 29,920 shares of company stock valued at $40,306,667 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on AVGO shares. JPMorgan Chase & Co. restated an “overweight” rating and issued a $1,700.00 price objective on shares of Broadcom in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,500.00 price objective on shares of Broadcom in a research report on Monday, April 8th. StockNews.com cut Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. TD Cowen raised Broadcom from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $1,400.00 to $1,500.00 in a research note on Thursday, March 21st. Finally, Barclays upped their price objective on shares of Broadcom from $1,405.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Broadcom has an average rating of “Moderate Buy” and a consensus target price of $1,285.41.

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.