Broadcom Inc. (NASDAQ:AVGO) Shares Sold by Central Valley Advisors LLC

Central Valley Advisors LLC lowered its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 78.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,798 shares of the semiconductor manufacturer's stock after selling 17,710 shares during the period. Central Valley Advisors LLC's holdings in Broadcom were worth $1,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kades & Cheifetz LLC raised its stake in Broadcom by 0.8% during the 4th quarter. Kades & Cheifetz LLC now owns 6,623 shares of the semiconductor manufacturer's stock worth $1,536,000 after acquiring an additional 51 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Broadcom by 0.5% during the 4th quarter. Sivia Capital Partners LLC now owns 9,584 shares of the semiconductor manufacturer's stock worth $2,222,000 after acquiring an additional 52 shares in the last quarter. HCR Wealth Advisors grew its position in Broadcom by 0.4% during the 4th quarter. HCR Wealth Advisors now owns 12,322 shares of the semiconductor manufacturer's stock worth $2,857,000 after purchasing an additional 53 shares during the last quarter. Richardson Financial Services Inc. grew its position in Broadcom by 2.4% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,507 shares of the semiconductor manufacturer's stock worth $415,000 after purchasing an additional 59 shares during the last quarter. Finally, Meyer Handelman Co. grew its position in Broadcom by 2.0% during the 4th quarter. Meyer Handelman Co. now owns 3,073 shares of the semiconductor manufacturer's stock worth $712,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

AVGO traded up $8.03 during midday trading on Friday, reaching $237.44. 31,036,592 shares of the company's stock were exchanged, compared to its average volume of 41,590,264. 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 stock has a market capitalization of $1.11 trillion, a PE ratio of 193.67, a P/E/G ratio of 2.35 and a beta of 1.03. The business's 50-day moving average price is $200.93 and its 200 day moving average price is $177.60. Broadcom Inc. has a 1-year low of $112.19 and a 1-year high of $251.88.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.03. The company had revenue of $14.05 billion during the quarter, compared to analysts' expectations of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The firm's quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 earnings per share. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.36 dividend on an annualized basis and a yield of 0.99%. This is a boost from Broadcom's previous quarterly dividend of $0.53. Broadcom's payout ratio is presently 192.50%.

Analyst Ratings Changes

AVGO has been the topic of several research reports. Hsbc Global Res raised shares of Broadcom to a "hold" rating in a research report on Tuesday, December 3rd. Bank of America raised their price objective on shares of Broadcom from $215.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Susquehanna raised their price objective on shares of Broadcom from $200.00 to $225.00 and gave the stock a "positive" rating in a research report on Friday, December 13th. UBS Group lifted their target price on shares of Broadcom from $170.00 to $200.00 and gave the company a "buy" rating in a report on Monday, November 4th. Finally, Mizuho lifted their target price on shares of Broadcom from $245.00 to $260.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $225.83.

Insiders Place Their Bets

In other news, Director Eddy W. Hartenstein sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $229.64, for a total value of $918,560.00. Following the completion of the transaction, the director now owns 46,400 shares of the company's stock, valued at $10,655,296. The trade was a 7.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Diane M. Bryant sold 15,000 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $226.68, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,278 shares of company stock worth $44,964,800. Insiders own 2.00% of the company's stock.

Broadcom 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.