Broadcom Inc. (NASDAQ:AVGO) Shares Sold by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lowered its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 64.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,664 shares of the semiconductor manufacturer's stock after selling 10,271 shares during the period. Signal Advisors Wealth LLC's holdings in Broadcom were worth $1,313,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kades & Cheifetz LLC lifted its position in shares of Broadcom by 0.8% during the fourth quarter. Kades & Cheifetz LLC now owns 6,623 shares of the semiconductor manufacturer's stock worth $1,536,000 after purchasing an additional 51 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Broadcom by 0.5% during the fourth quarter. Sivia Capital Partners LLC now owns 9,584 shares of the semiconductor manufacturer's stock valued at $2,222,000 after buying an additional 52 shares during the period. Richardson Financial Services Inc. raised its holdings in shares of Broadcom by 2.4% in the third quarter. Richardson Financial Services Inc. now owns 2,507 shares of the semiconductor manufacturer's stock valued at $415,000 after acquiring an additional 59 shares in the last quarter. Michael S. Ryan Inc. lifted its stake in Broadcom by 0.7% in the fourth quarter. Michael S. Ryan Inc. now owns 8,959 shares of the semiconductor manufacturer's stock worth $2,077,000 after acquiring an additional 61 shares during the period. Finally, Delta Investment Management LLC grew its holdings in Broadcom by 14.9% during the 2nd quarter. Delta Investment Management LLC now owns 510 shares of the semiconductor manufacturer's stock worth $818,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $224.70 on Wednesday. Broadcom Inc. has a 52-week low of $109.02 and a 52-week high of $251.88. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.05 trillion, a PE ratio of 195.22, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The business has a 50-day simple moving average of $199.05 and a 200-day simple moving average of $176.63.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The company had revenue of $14.05 billion during the quarter, compared to analysts' expectations of $14.07 billion. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. Broadcom's quarterly revenue was up 51.2% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. On average, equities analysts expect that Broadcom Inc. will post 3.79 EPS for the current year.

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.05%. The ex-dividend date was Monday, December 23rd. This is a positive change from Broadcom's previous quarterly dividend of $0.53. Broadcom's dividend payout ratio (DPR) is currently 191.87%.

Insider Buying and Selling at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 40,000 shares of the company's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $231.98, for a total transaction of $9,279,200.00. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 20,168 shares of Broadcom stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the completion of the sale, the insider now owns 321,660 shares in the company, valued at approximately $76,809,191.40. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,278 shares of company stock valued at $44,964,800. Corporate insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AVGO shares. Mizuho upped their price target on shares of Broadcom from $245.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price target on Broadcom from $210.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, December 13th. Morgan Stanley upped their price objective on Broadcom from $233.00 to $265.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. Piper Sandler lifted their target price on Broadcom from $200.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, Barclays boosted their target price on shares of Broadcom from $200.00 to $205.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $223.54.

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.