Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,140 shares of the semiconductor manufacturer's stock after purchasing an additional 2,004 shares during the quarter. Broadcom comprises approximately 2.6% of Independent Solutions Wealth Management LLC's portfolio, making the stock its 6th biggest position. Independent Solutions Wealth Management LLC's holdings in Broadcom were worth $11,856,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. DCF Advisers LLC grew its holdings in shares of Broadcom by 40.0% during the fourth quarter. DCF Advisers LLC now owns 7,000 shares of the semiconductor manufacturer's stock worth $1,623,000 after purchasing an additional 2,000 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Broadcom by 4.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 297,571 shares of the semiconductor manufacturer's stock worth $68,989,000 after buying an additional 13,936 shares during the last quarter. RWQ Financial Management Services Inc. grew its stake in Broadcom by 675.6% during the 4th quarter. RWQ Financial Management Services Inc. now owns 80,688 shares of the semiconductor manufacturer's stock worth $18,707,000 after buying an additional 70,285 shares during the last quarter. Holderness Investments Co. increased its position in Broadcom by 2.9% during the fourth quarter. Holderness Investments Co. now owns 38,543 shares of the semiconductor manufacturer's stock worth $8,936,000 after buying an additional 1,100 shares during the period. Finally, Whittier Trust Co. lifted its stake in Broadcom by 2.4% in the fourth quarter. Whittier Trust Co. now owns 706,677 shares of the semiconductor manufacturer's stock valued at $163,836,000 after buying an additional 16,819 shares during the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Broadcom

In related news, insider Mark David Brazeal sold 20,168 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the transaction, the insider now directly owns 321,660 shares in the company, valued at approximately $76,809,191.40. This represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 45,000 shares of Broadcom stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $239.96, for a total value of $10,798,200.00. Following the completion of the sale, the chief executive officer now owns 842,836 shares of the company's stock, valued at $202,246,926.56. This trade represents a 5.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 157,168 shares of company stock worth $37,108,677. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

AVGO traded down $0.41 during midday trading on Monday, reaching $191.25. 33,115,698 shares of the company's stock were exchanged, compared to its average volume of 28,963,826. 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 $899.25 billion, a PE ratio of 156.00, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The business's 50-day moving average price is $213.70 and its 200 day moving average price is $195.64.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 20th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Thursday, March 20th. Broadcom's payout ratio is currently 113.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Broadcom from $210.00 to $250.00 and gave the stock an "overweight" rating in a research report on Friday, December 13th. TD Cowen lifted their price objective on shares of Broadcom from $210.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Truist Financial upped their target price on shares of Broadcom from $260.00 to $267.00 and gave the company a "buy" rating in a report on Friday, March 7th. Mizuho lowered their price target on Broadcom from $260.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, Bank of America upped their price target on Broadcom from $215.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $231.48.

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.