Dudley Capital Management LLC Purchases 990 Shares of Broadcom Inc. (NASDAQ:AVGO)

Dudley Capital Management LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,070 shares of the semiconductor manufacturer’s stock after buying an additional 990 shares during the period. Broadcom makes up about 1.4% of Dudley Capital Management LLC’s holdings, making the stock its 19th largest holding. Dudley Capital Management LLC’s holdings in Broadcom were worth $2,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Haverford Trust Co boosted its position in shares of Broadcom by 2.3% during the 4th quarter. Haverford Trust Co now owns 21,415 shares of the semiconductor manufacturer’s stock valued at $4,965,000 after acquiring an additional 475 shares during the last quarter. Prudential Financial Inc. lifted its position in Broadcom by 1.4% during the fourth quarter. Prudential Financial Inc. now owns 4,568,975 shares of the semiconductor manufacturer’s stock valued at $1,059,271,000 after purchasing an additional 64,201 shares during the last quarter. Hirtle Callaghan & Co LLC purchased a new position in Broadcom in the 4th quarter worth approximately $204,000. Interchange Capital Partners LLC increased its holdings in shares of Broadcom by 4.1% in the 4th quarter. Interchange Capital Partners LLC now owns 7,502 shares of the semiconductor manufacturer’s stock worth $1,740,000 after buying an additional 297 shares during the last quarter. Finally, ICW Investment Advisors LLC raised its position in shares of Broadcom by 2.5% during the 4th quarter. ICW Investment Advisors LLC now owns 17,393 shares of the semiconductor manufacturer’s stock valued at $4,032,000 after buying an additional 420 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Broadcom Price Performance

AVGO opened at $191.25 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17. The stock has a market capitalization of $899.25 billion, a PE ratio of 156.00, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01. The stock’s 50 day moving average price is $213.70 and its 200-day moving average price is $195.64. Broadcom Inc. has a 52-week low of $119.76 and a 52-week high of $251.88.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, March 20th. Broadcom’s payout ratio is currently 113.46%.

Insiders Place Their Bets

In related news, Director Check Kian Low sold 48,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $235.35, for a total transaction of $11,296,800.00. Following the transaction, the director now owns 113,050 shares in the company, valued at $26,606,317.50. The trade was a 29.80 % 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 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 transaction, the director now directly owns 46,400 shares of the company’s stock, valued at approximately $10,655,296. The trade was a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,000 shares of company stock worth $21,494,560. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AVGO has been the topic of a number of research analyst reports. Barclays increased their target price on Broadcom from $205.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 17th. KeyCorp increased their price objective on Broadcom from $260.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Broadcom in a research report on Friday, March 7th. Citigroup increased their price target on shares of Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Bank of America boosted their price objective on shares of Broadcom from $215.00 to $250.00 and gave the stock a “buy” 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $231.48.

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.