David J Yvars Group Invests $1.31 Million in Broadcom Inc. (NASDAQ:AVGO)

David J Yvars Group bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,615 shares of the semiconductor manufacturer's stock, valued at approximately $1,314,000. Broadcom comprises about 0.8% of David J Yvars Group's investment portfolio, making the stock its 21st largest position.

A number of other large investors have also made changes to their positions in the company. Bridgewater Advisors Inc. grew its position in shares of Broadcom by 6.1% during the 3rd quarter. Bridgewater Advisors Inc. now owns 15,141 shares of the semiconductor manufacturer's stock valued at $2,714,000 after acquiring an additional 868 shares during the period. Malaga Cove Capital LLC grew its holdings in Broadcom by 1,296.4% during the third quarter. Malaga Cove Capital LLC now owns 9,300 shares of the semiconductor manufacturer's stock valued at $1,604,000 after purchasing an additional 8,634 shares during the period. Ironsides Asset Advisors LLC bought a new stake in Broadcom during the third quarter valued at about $398,000. Walkner Condon Financial Advisors LLC increased its position in Broadcom by 886.9% in the third quarter. Walkner Condon Financial Advisors LLC now owns 3,326 shares of the semiconductor manufacturer's stock worth $574,000 after buying an additional 2,989 shares in the last quarter. Finally, Advisors Management Group Inc. ADV purchased a new position in shares of Broadcom during the 3rd quarter valued at about $898,000. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AVGO. Morgan Stanley increased their target price on shares of Broadcom from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. William Blair assumed coverage on shares of Broadcom in a research report on Wednesday, September 18th. They set an "outperform" rating on the stock. TD Cowen raised shares of Broadcom to a "strong-buy" rating in a report on Monday, September 16th. UBS Group boosted their price objective on Broadcom from $170.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Finally, StockNews.com cut Broadcom from a "buy" rating to a "hold" rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Broadcom Trading Down 0.1 %

NASDAQ AVGO traded down $0.17 during trading on Friday, hitting $183.64. The stock had a trading volume of 13,503,154 shares, compared to its average volume of 18,921,780. The stock has a market capitalization of $857.70 billion, a price-to-earnings ratio of 159.69, a P/E/G ratio of 2.11 and a beta of 1.17. The stock has a 50 day simple moving average of $170.75 and a 200 day simple moving average of $157.78. Broadcom Inc. has a one year low of $90.31 and a one year high of $186.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.94 and a current ratio of 1.04.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.20 by $0.04. The firm had revenue of $13.07 billion during the quarter, compared to analyst estimates of $12.98 billion. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. Broadcom's quarterly revenue was up 47.3% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Sell-side analysts predict that Broadcom Inc. will post 3.78 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.53 per share. This is a positive change from Broadcom's previous quarterly dividend of $0.53. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Thursday, September 19th. Broadcom's payout ratio is currently 184.35%.

Insider Transactions at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 15,950 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $181.44, for a total value of $2,893,968.00. Following the completion of the sale, the insider now directly owns 737,330 shares of the company's stock, valued at $133,781,155.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Broadcom news, insider Charlie B. Kawwas sold 15,950 shares of the company's stock in a transaction on Friday, October 11th. The stock was sold at an average price of $181.44, for a total value of $2,893,968.00. Following the completion of the sale, the insider now directly owns 737,330 shares in the company, valued at approximately $133,781,155.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 18,900 shares of the firm's stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $182.88, for a total value of $3,456,432.00. Following the transaction, the insider now owns 380,560 shares in the company, valued at approximately $69,596,812.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 311,080 shares of company stock worth $53,540,590. 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.