Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 557.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,950 shares of the semiconductor manufacturer's stock after acquiring an additional 6,740 shares during the period. Broadcom accounts for about 3.4% of Mizuho Securities Co. Ltd.'s investment portfolio, making the stock its 8th largest holding. Mizuho Securities Co. Ltd.'s holdings in Broadcom were worth $1,371,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hillsdale Investment Management Inc. boosted its holdings in shares of Broadcom by 35.5% during the 1st quarter. Hillsdale Investment Management Inc. now owns 420 shares of the semiconductor manufacturer's stock valued at $557,000 after acquiring an additional 110 shares during the last quarter. Alley Investment Management Company LLC bought a new position in Broadcom in the 1st quarter worth $272,000. Resurgent Financial Advisors LLC grew its holdings in Broadcom by 14.2% during the first quarter. Resurgent Financial Advisors LLC now owns 514 shares of the semiconductor manufacturer's stock valued at $681,000 after purchasing an additional 64 shares during the period. Trustmark National Bank Trust Department increased its position in Broadcom by 3.4% in the first quarter. Trustmark National Bank Trust Department now owns 3,188 shares of the semiconductor manufacturer's stock worth $4,225,000 after buying an additional 104 shares in the last quarter. Finally, PAX Financial Group LLC raised its stake in shares of Broadcom by 16.8% in the first quarter. PAX Financial Group LLC now owns 230 shares of the semiconductor manufacturer's stock worth $305,000 after buying an additional 33 shares during the period. Institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AVGO. Benchmark reissued a "buy" rating and issued a $210.00 price objective on shares of Broadcom in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their target price on Broadcom from $200.00 to $210.00 and gave the stock an "overweight" rating in a research report on Friday, September 6th. The Goldman Sachs Group lifted their price objective on shares of Broadcom from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, September 6th. Rosenblatt Securities dropped their price objective on shares of Broadcom from $2,400.00 to $240.00 and set a "buy" rating for the company in a report on Friday, September 6th. Finally, Morgan Stanley lifted their target price on Broadcom from $176.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Broadcom has a consensus rating of "Moderate Buy" and an average price target of $192.79.

Broadcom Stock Performance

NASDAQ:AVGO traded down $5.54 during trading hours on Friday, hitting $164.84. 20,836,160 shares of the company were exchanged, compared to its average volume of 17,858,028. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.04 and a quick ratio of 0.94. Broadcom Inc. has a 52-week low of $90.31 and a 52-week high of $186.42. The stock has a market capitalization of $769.90 billion, a price-to-earnings ratio of 143.21, a PEG ratio of 1.94 and a beta of 1.17. The company's 50 day moving average price is $172.84 and its 200-day moving average price is $159.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its 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 company 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%. The firm's quarterly revenue was up 47.3% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. As a group, research analysts forecast that Broadcom Inc. will post 3.78 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, September 19th. This is a boost from Broadcom's previous quarterly dividend of $0.53. Broadcom's payout ratio is 184.19%.

Insider Transactions at Broadcom

In related news, insider Charlie B. Kawwas sold 15,950 shares of Broadcom stock in a transaction dated 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 sale, the insider now directly owns 737,330 shares in the company, valued at approximately $133,781,155.20. The trade was a 2.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Hock E. Tan sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $163.37, for a total value of $8,168,500.00. Following the completion of the transaction, the chief executive officer now owns 1,331,910 shares in the company, valued at approximately $217,594,136.70. This trade represents a 3.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 311,080 shares of company stock worth $53,540,590 over the last quarter. 2.00% of the stock is currently owned by insiders.

Broadcom Company 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.