Broadcom Inc. (NASDAQ:AVGO) Position Increased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 19.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,836 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,229 shares during the period. Broadcom comprises about 1.2% of Motley Fool Asset Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Motley Fool Asset Management LLC’s holdings in Broadcom were worth $15,444,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Impact Partnership Wealth LLC boosted its stake in Broadcom by 151.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 141 shares of the semiconductor manufacturer’s stock worth $117,000 after purchasing an additional 85 shares during the period. Boston Trust Walden Corp lifted its position in Broadcom by 0.6% in the 3rd quarter. Boston Trust Walden Corp now owns 2,381 shares of the semiconductor manufacturer’s stock worth $1,978,000 after buying an additional 15 shares in the last quarter. Strategic Blueprint LLC lifted its position in Broadcom by 8.1% in the 3rd quarter. Strategic Blueprint LLC now owns 1,058 shares of the semiconductor manufacturer’s stock worth $879,000 after buying an additional 79 shares in the last quarter. Washington Trust Advisors Inc. lifted its position in Broadcom by 87.0% in the 3rd quarter. Washington Trust Advisors Inc. now owns 288 shares of the semiconductor manufacturer’s stock worth $239,000 after buying an additional 134 shares in the last quarter. Finally, Capital Asset Advisory Services LLC lifted its position in Broadcom by 6.1% in the 3rd quarter. Capital Asset Advisory Services LLC now owns 830 shares of the semiconductor manufacturer’s stock worth $726,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Price Performance

NASDAQ:AVGO traded up $37.60 on Thursday, reaching $1,294.42. The stock had a trading volume of 3,035,701 shares, compared to its average volume of 2,942,063. The company has a market capitalization of $599.86 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Broadcom Inc. has a 1-year low of $601.29 and a 1-year high of $1,438.17. 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 stock has a fifty day moving average price of $1,304.73 and a 200-day moving average price of $1,130.68.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. During the same period in the prior year, the business earned $9.83 earnings per share. Broadcom’s quarterly revenue was up 34.2% on a year-over-year basis. Research analysts forecast that Broadcom Inc. will post 35.88 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors 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 1.62%. Broadcom’s dividend payout ratio is currently 77.84%.

Insider Activity at Broadcom

In related news, CEO Hock E. Tan sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $1,312.25, for a total value 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 available at this link. In other Broadcom news, CEO Hock E. Tan sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $1,312.25, for a total value of $2,624,500.00. Following the completion of the sale, the chief executive officer now owns 168,096 shares of the company’s stock, valued at $220,583,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kirsten M. Spears sold 3,000 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $1,343.14, for a total transaction of $4,029,420.00. Following the sale, the chief financial officer now directly owns 43,459 shares of the company’s stock, valued at approximately $58,371,521.26. 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. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,500.00 target price on shares of Broadcom in a research report on Monday, April 8th. StockNews.com downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Mizuho raised their price target on shares of Broadcom from $1,450.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. restated an “overweight” rating and set a $1,700.00 price target on shares of Broadcom in a report on Thursday, March 21st. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,500.00 price target on shares of Broadcom in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.