1,516 Shares in Broadcom Inc. (NASDAQ:AVGO) Purchased by Swan Global Investments LLC

Swan Global Investments LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,516 shares of the semiconductor manufacturer's stock, valued at approximately $351,000.

A number of other hedge funds have also modified their holdings of AVGO. Optimum Investment Advisors boosted its holdings in shares of Broadcom by 2.9% during the fourth quarter. Optimum Investment Advisors now owns 13,519 shares of the semiconductor manufacturer's stock worth $3,134,000 after purchasing an additional 375 shares during the last quarter. Guardian Partners Inc. purchased a new stake in Broadcom in the 4th quarter valued at about $1,255,000. KLP Kapitalforvaltning AS acquired a new position in shares of Broadcom during the 4th quarter valued at about $353,204,000. Knights of Columbus Asset Advisors LLC boosted its position in shares of Broadcom by 1.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 80,674 shares of the semiconductor manufacturer's stock worth $18,704,000 after acquiring an additional 862 shares during the last quarter. Finally, Marietta Investment Partners LLC increased its position in Broadcom by 2.2% during the fourth quarter. Marietta Investment Partners LLC now owns 24,948 shares of the semiconductor manufacturer's stock worth $5,784,000 after purchasing an additional 538 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AVGO has been the subject of several research reports. Mizuho lowered their price objective on shares of Broadcom from $260.00 to $250.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. TD Cowen upped their price target on Broadcom from $210.00 to $240.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Evercore ISI boosted their target price on Broadcom from $201.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Truist Financial boosted their price objective on shares of Broadcom from $260.00 to $267.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. upped their price target on Broadcom from $210.00 to $250.00 and gave the stock an "overweight" rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $231.48.

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Insider Activity

In related news, insider Charlie B. Kawwas sold 40,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was 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 owns 696,730 shares of the company's stock, valued at $161,627,425.40. This trade represents a 5.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Check Kian Low sold 48,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $235.35, for a total transaction of $11,296,800.00. Following the completion of the sale, the director now owns 113,050 shares in the company, valued at approximately $26,606,317.50. This trade represents a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $21,494,560 over the last three months. Corporate insiders own 2.00% of the company's stock.

Broadcom Stock Performance

Shares of NASDAQ AVGO traded down $0.91 during midday trading on Tuesday, reaching $190.34. 6,844,934 shares of the company traded hands, compared to its average volume of 28,950,584. The company has a market cap of $894.96 billion, a price-to-earnings ratio of 155.34, a PEG ratio of 2.29 and a beta of 1.01. The stock has a 50-day moving average price of $213.70 and a 200 day moving average price of $195.64. Broadcom Inc. has a 52 week low of $119.76 and a 52 week high of $251.88. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Thursday, March 20th. Broadcom's dividend payout ratio (DPR) is presently 113.46%.

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.