Capital International Ltd. CA Has $134.10 Million Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Capital International Ltd. CA decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 578,409 shares of the semiconductor manufacturer's stock after selling 32,883 shares during the quarter. Broadcom comprises approximately 5.5% of Capital International Ltd. CA's portfolio, making the stock its 2nd biggest holding. Capital International Ltd. CA's holdings in Broadcom were worth $134,098,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AVGO. Canton Hathaway LLC purchased a new position in Broadcom during the fourth quarter worth about $26,000. Rialto Wealth Management LLC purchased a new stake in Broadcom in the fourth quarter valued at approximately $26,000. Sellwood Investment Partners LLC bought a new stake in Broadcom during the fourth quarter valued at approximately $32,000. Bellevue Asset Management LLC purchased a new position in Broadcom in the 4th quarter worth approximately $33,000. Finally, Synergy Investment Management LLC bought a new position in shares of Broadcom in the 4th quarter worth $35,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Up 2.1 %

Broadcom stock traded up $3.48 during mid-day trading on Tuesday, reaching $169.69. The stock had a trading volume of 6,499,652 shares, compared to its average volume of 32,226,846. The company has a market capitalization of $797.89 billion, a price-to-earnings ratio of 138.41, a PEG ratio of 2.29 and a beta of 1.05. 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 Inc. has a one year low of $122.33 and a one year high of $251.88. The company has a 50-day moving average price of $188.43 and a two-hundred day moving average price of $196.17.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a $0.59 dividend. The ex-dividend date was Thursday, March 20th. This represents a $2.36 annualized dividend and a yield of 1.39%. Broadcom's dividend payout ratio (DPR) is presently 113.46%.

Broadcom declared that its Board of Directors has authorized a stock buyback program on Monday, April 7th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 1.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AVGO shares. William Blair reissued an "outperform" rating on shares of Broadcom in a research note on Friday, March 7th. Barclays decreased their price objective on Broadcom from $260.00 to $215.00 and set an "overweight" rating on the stock in a report on Tuesday. Truist Financial increased their price target on shares of Broadcom from $260.00 to $267.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price objective on shares of Broadcom in a report on Friday, March 7th. Finally, Mizuho reduced their target price on shares of Broadcom from $260.00 to $250.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $229.48.

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 25,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $180.00, for a total transaction of $4,500,000.00. Following the transaction, the insider now directly owns 465,956 shares of the company's stock, valued at $83,872,080. This represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Monday, April 14th. The stock was sold at an average price of $185.00, for a total value of $148,000.00. Following the completion of the sale, the director now directly owns 25,380 shares of the company's stock, valued at $4,695,300. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 719,776 shares of company stock valued at $131,065,542. Corporate insiders own 2.00% of the company's stock.

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.