Broadcom Inc. (NASDAQ:AVGO) Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 508,901 shares of the semiconductor manufacturer's stock after selling 13,093 shares during the quarter. Broadcom accounts for approximately 7.2% of Moody Lynn & Lieberson LLC's holdings, making the stock its biggest holding. Moody Lynn & Lieberson LLC's holdings in Broadcom were worth $117,984,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. NCP Inc. raised its stake in Broadcom by 615.4% in the second quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer's stock worth $747,000 after buying an additional 400 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Broadcom by 257.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,167 shares of the semiconductor manufacturer's stock worth $19,535,000 after acquiring an additional 8,760 shares in the last quarter. Pathway Financial Advisers LLC raised its position in shares of Broadcom by 2.0% in the 2nd quarter. Pathway Financial Advisers LLC now owns 4,666 shares of the semiconductor manufacturer's stock worth $7,280,000 after acquiring an additional 91 shares in the last quarter. IMS Capital Management lifted its stake in shares of Broadcom by 999.2% during the 2nd quarter. IMS Capital Management now owns 6,650 shares of the semiconductor manufacturer's stock worth $10,677,000 after purchasing an additional 6,045 shares during the last quarter. Finally, Ted Buchan & Co bought a new stake in Broadcom during the second quarter valued at about $1,700,000. Institutional investors own 76.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AVGO. Barclays boosted their price objective on shares of Broadcom from $205.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price target on Broadcom from $210.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. Citigroup raised their price objective on Broadcom from $175.00 to $205.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Jefferies Financial Group upped their target price on Broadcom from $205.00 to $225.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Morgan Stanley lowered their price target on Broadcom from $265.00 to $246.00 and set an "overweight" rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $225.04.

Insider Buying and Selling

In other news, insider Charlie B. Kawwas sold 40,000 shares of Broadcom stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.98, for a total value of $9,279,200.00. Following the sale, the insider now directly owns 696,730 shares of the company's stock, valued at $161,627,425.40. The trade was a 5.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Diane M. Bryant sold 15,000 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $226.68, for a total value of $3,400,200.00. Following the completion of the transaction, the director now directly owns 6,460 shares of the company's stock, valued at approximately $1,464,352.80. This represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,278 shares of company stock valued at $44,964,800. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

AVGO stock traded up $5.61 during trading on Friday, hitting $221.27. 41,097,327 shares of the company traded hands, compared to its average volume of 27,719,020. Broadcom Inc. has a 1 year low of $117.43 and a 1 year high of $251.88. The company has a market cap of $1.04 trillion, a PE ratio of 180.48, a P/E/G ratio of 2.16 and a beta of 1.03. The stock's 50-day simple moving average is $213.41 and its 200 day simple moving average is $181.93. 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 (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $14.05 billion during the quarter, compared to analyst estimates of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The business's quarterly revenue was up 51.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a dividend of $0.59 per share. This is a positive change from Broadcom's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.07%. Broadcom's dividend payout ratio (DPR) is 192.50%.

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.