Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Macroview Investment Management LLC

Macroview Investment Management LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 36.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49 shares of the semiconductor manufacturer’s stock after purchasing an additional 13 shares during the quarter. Macroview Investment Management LLC’s holdings in Broadcom were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in AVGO. BKM Wealth Management LLC acquired a new position in shares of Broadcom during the 4th quarter valued at about $29,000. CKW Financial Group purchased a new stake in shares of Broadcom during the 4th quarter worth about $30,000. Indiana Trust & Investment Management CO purchased a new stake in shares of Broadcom during the 3rd quarter worth about $32,000. VitalStone Financial LLC grew 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 worth $40,000 after purchasing an additional 25 shares during the period. Finally, Rise Advisors LLC grew 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 worth $44,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Up 1.4 %

Shares of AVGO stock traded up $18.37 during mid-day trading on Tuesday, reaching $1,329.06. 1,846,905 shares of the company were exchanged, compared to its average volume of 2,960,500. Broadcom Inc. has a fifty-two week low of $601.29 and a fifty-two week high of $1,438.17. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.24 and a current ratio of 1.34. The company has a market capitalization of $615.91 billion, a P/E ratio of 48.76, a P/E/G ratio of 2.74 and a beta of 1.25. The business’s 50 day simple moving average is $1,304.36 and its 200 day simple moving average is $1,110.50.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.95 by $2.04. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The firm had revenue of $11.96 billion for the quarter, compared to analysts’ expectations of $11.79 billion. During the same period last year, the business posted $9.83 earnings per share. The firm’s revenue for the quarter was up 34.2% on a year-over-year basis. Research analysts predict that Broadcom Inc. will post 35.95 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were paid a dividend of $5.25 per share. This represents a $21.00 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s dividend payout ratio (DPR) is presently 77.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AVGO. Rosenblatt Securities reiterated a “buy” rating and set a $1,500.00 target price on shares of Broadcom in a report on Thursday, March 21st. StockNews.com cut Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. UBS Group boosted their target price on Broadcom to $1,480.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Oppenheimer reiterated an “outperform” rating and set a $1,500.00 target price (up previously from $1,100.00) on shares of Broadcom in a report on Friday, March 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $1,500.00 target price on shares of Broadcom in a report on Monday, April 8th. Three investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,281.09.

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total transaction of $2,624,500.00. Following the transaction, the chief executive officer now directly owns 168,096 shares in the company, valued at $220,583,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Broadcom news, CEO Hock E. Tan sold 2,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total value of $2,624,500.00. Following the sale, the chief executive officer now directly owns 168,096 shares in the company, valued at $220,583,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $4,064,571.00. Following the completion of the sale, the director now owns 4,643 shares in the company, valued at $5,991,048.62. The disclosure for this sale can be found here. Insiders have sold 29,920 shares of company stock worth $40,306,667 over the last ninety days. 2.00% of the stock is 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.