Broadcom Inc. (NASDAQ:AVGO) is F M Investments LLC's 8th Largest Position

F M Investments LLC grew its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,109 shares of the semiconductor manufacturer's stock after buying an additional 11,161 shares during the quarter. Broadcom accounts for about 2.7% of F M Investments LLC's portfolio, making the stock its 8th largest holding. F M Investments LLC's holdings in Broadcom were worth $73,055,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AVGO. Howard Capital Management Group LLC lifted its holdings in Broadcom by 2,219.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 3,039 shares of the semiconductor manufacturer's stock worth $524,000 after buying an additional 2,908 shares during the period. Principal Financial Group Inc. lifted its position in shares of Broadcom by 1,019.4% in the 3rd quarter. Principal Financial Group Inc. now owns 7,182,409 shares of the semiconductor manufacturer's stock worth $1,238,966,000 after purchasing an additional 6,540,800 shares during the period. Financial Avengers Inc. boosted its position in shares of Broadcom by 904.3% during the 3rd quarter. Financial Avengers Inc. now owns 472 shares of the semiconductor manufacturer's stock worth $81,000 after purchasing an additional 425 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Broadcom in the third quarter valued at approximately $972,000. Finally, Empire Financial Management Company LLC boosted its position in shares of Broadcom by 820.7% during the third quarter. Empire Financial Management Company LLC now owns 20,274 shares of the semiconductor manufacturer's stock valued at $3,497,000 after buying an additional 18,072 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

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Analyst Ratings Changes

AVGO has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Broadcom from $246.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Barclays raised their target price on Broadcom from $205.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, January 17th. Citigroup dropped their price target on Broadcom from $220.00 to $210.00 and set a "buy" rating on the stock in a research report on Friday. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of Broadcom in a research note on Friday, March 7th. Finally, Benchmark reiterated a "buy" rating and issued a $255.00 price objective on shares of Broadcom in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, Broadcom presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.68.

Broadcom Trading Down 2.5 %

Shares of AVGO stock traded down $4.51 during trading hours on Monday, reaching $177.43. 12,323,518 shares of the stock were exchanged, compared to its average volume of 31,291,717. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The company's 50-day moving average price is $195.52 and its 200-day moving average price is $196.11. Broadcom Inc. has a 12-month low of $119.76 and a 12-month high of $251.88. The firm has a market capitalization of $834.27 billion, a price-to-earnings ratio of 144.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05.

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, March 20th. Broadcom's dividend payout ratio is 113.46%.

Broadcom declared that its board has initiated a stock repurchase plan on Monday, April 7th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor manufacturer to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other Broadcom news, Director Henry Samueli sold 663,976 shares of the business's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $181.60, for a total value of $120,578,041.60. Following the completion of the transaction, the director now directly owns 38,798,721 shares in the company, valued at approximately $7,045,847,733.60. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark David Brazeal sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $194.65, for a total transaction of $5,839,500.00. Following the completion of the sale, the insider now owns 490,956 shares of the company's stock, valued at approximately $95,564,585.40. This trade represents a 5.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.