B. Metzler seel. Sohn & Co. Holding AG Makes New $80.51 Million Investment in Broadcom Inc. (NASDAQ:AVGO)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 466,724 shares of the semiconductor manufacturer's stock, valued at approximately $80,507,000. Broadcom makes up about 0.8% of B. Metzler seel. Sohn & Co. Holding AG's holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Stonebridge Capital Advisors LLC increased its stake in Broadcom by 18.9% in the 1st quarter. Stonebridge Capital Advisors LLC now owns 226 shares of the semiconductor manufacturer's stock worth $300,000 after acquiring an additional 36 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Broadcom by 80.5% in the first quarter. Gamco Investors INC. ET AL now owns 897 shares of the semiconductor manufacturer's stock worth $1,189,000 after purchasing an additional 400 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in Broadcom by 6.2% during the first quarter. Epoch Investment Partners Inc. now owns 395,266 shares of the semiconductor manufacturer's stock valued at $523,890,000 after purchasing an additional 23,162 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Broadcom by 297.2% in the 1st quarter. Lazard Asset Management LLC now owns 523,732 shares of the semiconductor manufacturer's stock worth $694,158,000 after buying an additional 391,877 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC increased its holdings in shares of Broadcom by 75.5% in the 1st quarter. Steel Grove Capital Advisors LLC now owns 918 shares of the semiconductor manufacturer's stock worth $1,217,000 after buying an additional 395 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on AVGO. JPMorgan Chase & Co. increased their price target on shares of Broadcom from $200.00 to $210.00 and gave the company an "overweight" rating in a report on Friday, September 6th. William Blair initiated coverage on Broadcom in a research report on Wednesday, September 18th. They set an "outperform" rating on the stock. Morgan Stanley raised their price target on Broadcom from $176.00 to $180.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. TD Cowen raised shares of Broadcom to a "strong-buy" rating in a research note on Monday, September 16th. Finally, UBS Group upped their price target on shares of Broadcom from $170.00 to $200.00 and gave the company a "buy" rating in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.79.

Broadcom Price Performance

AVGO traded up $0.06 during trading on Friday, reaching $164.00. 2,805,906 shares of the stock were exchanged, compared to its average volume of 29,231,244. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.04 and a quick ratio of 0.94. The business's 50 day moving average price is $173.77 and its two-hundred day moving average price is $160.37. Broadcom Inc. has a 1 year low of $90.31 and a 1 year high of $186.42. The company has a market capitalization of $765.98 billion, a price-to-earnings ratio of 141.23, a P/E/G ratio of 1.94 and a beta of 1.17.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. The company had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $12.98 billion. During the same period in the previous year, the firm posted $0.95 EPS. Broadcom's revenue was up 47.3% on a year-over-year basis. As a group, equities research analysts anticipate that Broadcom Inc. will post 3.78 earnings per share for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were paid a $0.53 dividend. This is a positive change from Broadcom's previous quarterly dividend of $0.53. This represents a $2.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, September 19th. Broadcom's payout ratio is currently 184.19%.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 20,280 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $177.10, for a total value of $3,591,588.00. Following the transaction, the insider now owns 399,460 shares in the company, valued at approximately $70,744,366. The trade was a 4.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Hock E. Tan sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $163.37, for a total value of $8,168,500.00. Following the sale, the chief executive officer now owns 1,331,910 shares of the company's stock, valued at approximately $217,594,136.70. This trade represents a 3.62 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 311,080 shares of company stock worth $53,540,590. 2.00% of the stock is currently owned by company insiders.

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.