Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 475,134,603 shares of the semiconductor manufacturer's stock after buying an additional 6,573,204 shares during the period. Broadcom accounts for about 1.9% of Vanguard Group Inc.'s investment portfolio, making the stock its 6th biggest position. Vanguard Group Inc. owned about 10.14% of Broadcom worth $110,155,206,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Napatree Capital LLC boosted its holdings in Broadcom by 26.7% during the 4th quarter. Napatree Capital LLC now owns 3,608 shares of the semiconductor manufacturer's stock valued at $836,000 after acquiring an additional 760 shares during the period. Hill Island Financial LLC boosted its stake in shares of Broadcom by 8.9% during the fourth quarter. Hill Island Financial LLC now owns 3,464 shares of the semiconductor manufacturer's stock valued at $803,000 after purchasing an additional 282 shares during the period. Samalin Investment Counsel LLC grew its stake in Broadcom by 1.0% in the 4th quarter. Samalin Investment Counsel LLC now owns 4,983 shares of the semiconductor manufacturer's stock worth $1,155,000 after acquiring an additional 50 shares in the last quarter. Banco de Sabadell S.A raised its position in Broadcom by 1.7% during the 4th quarter. Banco de Sabadell S.A now owns 25,107 shares of the semiconductor manufacturer's stock valued at $5,818,000 after purchasing an additional 425 shares in the last quarter. Finally, Blueprint Investment Partners LLC grew its holdings in Broadcom by 8.1% during the 4th quarter. Blueprint Investment Partners LLC now owns 21,529 shares of the semiconductor manufacturer's stock worth $4,991,000 after acquiring an additional 1,621 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AVGO. Hsbc Global Res upgraded shares of Broadcom to a "hold" rating in a report on Tuesday, December 3rd. Barclays upped their target price on Broadcom from $205.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, January 17th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Broadcom in a research note on Friday, March 7th. Susquehanna lifted their target price on shares of Broadcom from $200.00 to $225.00 and gave the company a "positive" rating in a research report on Friday, December 13th. Finally, Citigroup increased their price objective on Broadcom from $175.00 to $205.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.48.

Broadcom Stock Performance

AVGO traded down $2.27 on Tuesday, reaching $188.98. The company had a trading volume of 7,331,912 shares, compared to its average volume of 28,950,584. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. Broadcom Inc. has a 1 year low of $119.76 and a 1 year high of $251.88. The stock has a market capitalization of $888.57 billion, a PE ratio of 154.13, a P/E/G ratio of 2.29 and a beta of 1.01. The stock has a 50-day moving average price of $213.70 and a 200-day moving average price of $195.64.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, March 20th. Broadcom's dividend payout ratio (DPR) is 113.46%.

Insider Buying and Selling at Broadcom

In other Broadcom 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 owns 696,730 shares of the company's stock, valued at approximately $161,627,425.40. The trade was a 5.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eddy W. Hartenstein sold 4,000 shares of the firm's stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $229.64, for a total transaction of $918,560.00. Following the completion of the sale, the director now owns 46,400 shares of the company's stock, valued at $10,655,296. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,000 shares of company stock worth $21,494,560. 2.00% of the stock is owned by 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.