Broadcom Inc. (NASDAQ:AVGO) Shares Bought by Nilsine Partners LLC

Nilsine Partners LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,974 shares of the semiconductor manufacturer’s stock after buying an additional 96 shares during the quarter. Broadcom makes up about 2.8% of Nilsine Partners LLC’s portfolio, making the stock its 3rd biggest position. Nilsine Partners LLC’s holdings in Broadcom were worth $26,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Berkshire Bank lifted its position in Broadcom by 39.8% during the 4th quarter. Berkshire Bank now owns 8,392 shares of the semiconductor manufacturer’s stock worth $1,946,000 after buying an additional 2,390 shares in the last quarter. Lebenthal Global Advisors LLC raised its holdings in Broadcom by 6.4% during the fourth quarter. Lebenthal Global Advisors LLC now owns 2,891 shares of the semiconductor manufacturer’s stock worth $670,000 after acquiring an additional 175 shares in the last quarter. Baldwin Wealth Partners LLC MA boosted its position in Broadcom by 1.1% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 9,064 shares of the semiconductor manufacturer’s stock valued at $2,101,000 after purchasing an additional 96 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in Broadcom by 43.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 37,289 shares of the semiconductor manufacturer’s stock valued at $8,645,000 after purchasing an additional 11,382 shares in the last quarter. Finally, tru Independence LLC bought a new stake in shares of Broadcom during the 4th quarter worth approximately $211,000. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Broadcom from $190.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Robert W. Baird boosted their price objective on shares of Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Benchmark reiterated a “buy” rating and issued a $255.00 target price (up from $210.00) on shares of Broadcom in a research note on Friday, December 13th. Cantor Fitzgerald boosted their price target on Broadcom from $200.00 to $225.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Barclays raised their price objective on Broadcom from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $225.04.

Broadcom Stock Performance

Shares of Broadcom stock opened at $215.66 on Friday. The company’s 50 day moving average price is $211.24 and its two-hundred day moving average price is $181.27. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 175.91, a P/E/G ratio of 2.52 and a beta of 1.03. Broadcom Inc. has a fifty-two week low of $117.43 and a fifty-two 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 (NASDAQ:AVGO) last posted its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $14.05 billion during the quarter, compared to the consensus estimate of $14.07 billion. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The business’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. On average, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.09%. This is a positive change from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, December 23rd. Broadcom’s payout ratio is presently 191.87%.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 12,570 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $229.62, for a total transaction of $2,886,323.40. Following the completion of the transaction, the chief financial officer now owns 325,443 shares in the company, valued at approximately $74,728,221.66. This trade represents a 3.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry L. You sold 6,540 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $240.00, for a total transaction of $1,569,600.00. Following the completion of the sale, the director now directly owns 30,450 shares in the company, valued at approximately $7,308,000. This represents a 17.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 191,278 shares of company stock worth $44,964,800. 2.00% of the stock is currently owned by company 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.