1,420 Shares in Broadcom Inc. (NASDAQ:AVGO) Acquired by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,420 shares of the semiconductor manufacturer’s stock, valued at approximately $329,000.

Several other institutional investors also recently made changes to their positions in the stock. DF Dent & Co. Inc. acquired a new position in Broadcom in the fourth quarter valued at $257,000. Guidance Point Advisors LLC raised its holdings in shares of Broadcom by 6.0% in the 4th quarter. Guidance Point Advisors LLC now owns 3,855 shares of the semiconductor manufacturer’s stock worth $894,000 after purchasing an additional 218 shares during the period. Grant Private Wealth Management Inc acquired a new position in shares of Broadcom in the 4th quarter valued at about $1,869,000. Arete Wealth Advisors LLC grew its holdings in shares of Broadcom by 30.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 38,866 shares of the semiconductor manufacturer’s stock worth $9,041,000 after purchasing an additional 9,081 shares during the period. Finally, Motley Fool Asset Management LLC increased its position in Broadcom by 14.4% during the 4th quarter. Motley Fool Asset Management LLC now owns 215,006 shares of the semiconductor manufacturer’s stock worth $49,847,000 after purchasing an additional 27,048 shares in the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Broadcom from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, December 13th. KeyCorp upped their price target on shares of Broadcom from $260.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Morgan Stanley increased their price target on Broadcom from $246.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Citigroup boosted their price objective on Broadcom from $175.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their target price on Broadcom from $210.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $231.48.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $172.09 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $809.16 billion, a price-to-earnings ratio of 140.37, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. Broadcom Inc. has a twelve month low of $119.76 and a twelve month high of $251.88. The business has a 50 day simple moving average of $205.27 and a 200-day simple moving average of $196.37.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, March 20th. This represents a $2.36 annualized dividend and a yield of 1.37%. Broadcom’s payout ratio is 113.46%.

Insiders Place Their Bets

In other news, Director Henry Samueli sold 663,976 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $181.60, for a total transaction of $120,578,041.60. Following the completion of the transaction, the director now directly owns 38,798,721 shares of the company’s stock, valued at approximately $7,045,847,733.60. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Check Kian Low sold 48,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $235.35, for a total value of $11,296,800.00. Following the sale, the director now owns 113,050 shares in the company, valued at $26,606,317.50. The trade was a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 745,976 shares of company stock valued at $138,632,902. Company insiders own 2.00% of the company’s stock.

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.