Foundations Investment Advisors LLC Has $8.65 Million Holdings in Broadcom Inc. (NASDAQ:AVGO)

Foundations Investment Advisors LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 43.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,289 shares of the semiconductor manufacturer's stock after purchasing an additional 11,382 shares during the quarter. Foundations Investment Advisors LLC's holdings in Broadcom were worth $8,645,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. NCP Inc. boosted its stake in Broadcom by 615.4% during the 2nd quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer's stock valued at $747,000 after purchasing an additional 400 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in Broadcom by 257.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,167 shares of the semiconductor manufacturer's stock worth $19,535,000 after purchasing an additional 8,760 shares during the period. New Century Financial Group LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at $376,000. RiverFront Investment Group LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at $2,778,000. Finally, Farmers National Bank raised its position in Broadcom by 3.7% in the second quarter. Farmers National Bank now owns 5,919 shares of the semiconductor manufacturer's stock worth $9,503,000 after acquiring an additional 211 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, Director Eddy W. Hartenstein sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the completion of the sale, the director now owns 46,400 shares in the company, valued at approximately $10,655,296. This trade represents a 7.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 40,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $231.98, for a total value of $9,279,200.00. Following the sale, the insider now owns 696,730 shares in the company, valued at approximately $161,627,425.40. This represents a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,278 shares of company stock worth $44,964,800. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVGO. Cantor Fitzgerald increased their price objective on Broadcom from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Benchmark reissued a "buy" rating and issued a $255.00 price target (up previously from $210.00) on shares of Broadcom in a research note on Friday, December 13th. Morgan Stanley cut their price objective on Broadcom from $265.00 to $246.00 and set an "overweight" rating on the stock in a report on Tuesday. Robert W. Baird raised their target price on shares of Broadcom from $195.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, Rosenblatt Securities restated a "buy" rating and set a $240.00 price target on shares of Broadcom in a report on Wednesday, December 11th. 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 presently has an average rating of "Moderate Buy" and a consensus target price of $225.04.

Broadcom Stock Up 4.5 %

AVGO stock traded up $9.31 during trading hours on Thursday, hitting $215.66. The company's stock had a trading volume of 42,311,581 shares, compared to its average volume of 31,396,859. The stock has a 50 day moving average price of $211.24 and a two-hundred day moving average price of $181.27. Broadcom Inc. has a 12 month low of $117.43 and a 12 month high of $251.88. The company has a market capitalization of $1.01 trillion, a PE ratio of 175.91, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98.

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

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.59 dividend. This is an increase from Broadcom's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, December 23rd. Broadcom's payout ratio is currently 191.87%.

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.