Kera Capital Partners Inc. Purchases New Holdings in Broadcom Inc. (NASDAQ:AVGO)

Kera Capital Partners Inc. bought a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,939 shares of the semiconductor manufacturer's stock, valued at approximately $681,000.

A number of other institutional investors have also recently made changes to their positions in the company. NCP Inc. lifted its holdings in shares of Broadcom by 615.4% in the second quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer's stock worth $747,000 after buying an additional 400 shares in the last quarter. AE Wealth Management LLC lifted its stake in Broadcom by 20.5% in the 2nd quarter. AE Wealth Management LLC now owns 4,681 shares of the semiconductor manufacturer's stock worth $7,515,000 after purchasing an additional 797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Broadcom by 2,948.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,452 shares of the semiconductor manufacturer's stock valued at $23,204,000 after purchasing an additional 13,978 shares during the period. Kowal Investment Group LLC grew its position in shares of Broadcom by 16.4% during the 2nd quarter. Kowal Investment Group LLC now owns 989 shares of the semiconductor manufacturer's stock valued at $1,588,000 after purchasing an additional 139 shares in the last quarter. Finally, Circle Wealth Management LLC increased its holdings in shares of Broadcom by 109.9% in the second quarter. Circle Wealth Management LLC now owns 1,146 shares of the semiconductor manufacturer's stock worth $1,840,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Trading Up 3.5 %

AVGO traded up $8.03 during trading on Monday, hitting $237.44. 31,036,592 shares of the stock traded hands, compared to its average volume of 41,590,264. The firm has a 50-day moving average of $202.01 and a 200 day moving average of $178.14. Broadcom Inc. has a 12-month low of $112.19 and a 12-month high of $251.88. The firm has a market capitalization of $1.11 trillion, a P/E ratio of 193.67, a price-to-earnings-growth ratio of 2.35 and a beta of 1.03. 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 (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.03. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The company had revenue of $14.05 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the business posted $0.98 earnings per share. Broadcom's revenue for the quarter was up 51.2% on a year-over-year basis. Equities research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

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

Wall Street Analysts Forecast Growth

AVGO has been the subject of several research analyst reports. UBS Group lifted their price objective on Broadcom from $170.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Barclays upped their price objective on shares of Broadcom from $205.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday. Truist Financial lifted their target price on shares of Broadcom from $205.00 to $245.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Rosenblatt Securities reissued a "buy" rating and issued a $240.00 price target on shares of Broadcom in a report on Wednesday, December 11th. Finally, Hsbc Global Res raised shares of Broadcom to a "hold" rating in a report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $225.83.

Insider Activity at Broadcom

In related news, Director Diane M. Bryant sold 15,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 6,460 shares in the company, valued at $1,464,352.80. The trade was a 69.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eddy W. Hartenstein sold 4,000 shares of the firm's stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total transaction of $918,560.00. Following the completion of the sale, the director now owns 46,400 shares of the company's stock, valued at $10,655,296. This trade represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,278 shares of company stock worth $44,964,800 over the last quarter. 2.00% of the stock is owned by corporate insiders.

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.