Broadcom Inc. (NASDAQ:AVGO) Stock Holdings Lifted by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,268 shares of the semiconductor manufacturer’s stock after buying an additional 307 shares during the quarter. Liberty One Investment Management LLC’s holdings in Broadcom were worth $7,017,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AVGO. NCP Inc. lifted its position in Broadcom by 615.4% in the 2nd quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock valued at $747,000 after purchasing an additional 400 shares during the last quarter. Harmony Asset Management LLC lifted its position in Broadcom by 9.5% in the 2nd quarter. Harmony Asset Management LLC now owns 944 shares of the semiconductor manufacturer’s stock valued at $1,515,000 after purchasing an additional 82 shares during the last quarter. Beck Capital Management LLC lifted its position in Broadcom by 1.7% in the 2nd quarter. Beck Capital Management LLC now owns 4,340 shares of the semiconductor manufacturer’s stock valued at $6,968,000 after purchasing an additional 72 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Broadcom by 36.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 242,040 shares of the semiconductor manufacturer’s stock worth $388,602,000 after buying an additional 64,876 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in shares of Broadcom by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 6,093 shares of the semiconductor manufacturer’s stock worth $9,783,000 after buying an additional 123 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

Broadcom stock opened at $237.44 on Tuesday. The firm’s 50 day simple moving average is $202.01 and its 200-day simple moving average is $178.14. The company has a market cap of $1.11 trillion, a P/E ratio of 193.67, a price-to-earnings-growth ratio of 2.35 and a beta of 1.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. Broadcom Inc. has a fifty-two week low of $112.19 and a fifty-two week high of $251.88.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 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 analysts’ expectations of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, equities research analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.59 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is currently 192.50%.

Analysts Set New Price Targets

A number of analysts have commented on AVGO shares. Morgan Stanley boosted their price target on shares of Broadcom from $233.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Jefferies Financial Group boosted their price target on shares of Broadcom from $205.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Susquehanna boosted their price target on shares of Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Friday, December 13th. Hsbc Global Res upgraded shares of Broadcom to a “hold” rating in a research report on Tuesday, December 3rd. Finally, Barclays boosted their price target on shares of Broadcom from $205.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $225.83.

Insider Buying and Selling

In other Broadcom news, Director Harry L. You sold 6,540 shares of Broadcom stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $240.00, for a total value of $1,569,600.00. Following the completion of the sale, the director now directly owns 30,450 shares in the company, valued at $7,308,000. The trade was a 17.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark David Brazeal sold 20,168 shares of Broadcom stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the completion of the sale, the insider now owns 321,660 shares of the company’s stock, valued at $76,809,191.40. This trade represents a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 191,278 shares of company stock worth $44,964,800. 2.00% of the stock is owned by company insiders.

About Broadcom

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.