Graphene Investments SAS Has $2.88 Million Holdings in Broadcom Inc. (NASDAQ:AVGO)

Graphene Investments SAS decreased its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 24.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,400 shares of the semiconductor manufacturer’s stock after selling 4,000 shares during the period. Graphene Investments SAS’s holdings in Broadcom were worth $2,875,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AVGO. Ameliora Wealth Management Ltd. lifted its holdings in shares of Broadcom by 17.5% during the fourth quarter. Ameliora Wealth Management Ltd. now owns 31,465 shares of the semiconductor manufacturer’s stock worth $7,295,000 after buying an additional 4,680 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position in Broadcom by 1.1% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 222,363 shares of the semiconductor manufacturer’s stock worth $51,539,000 after acquiring an additional 2,500 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Broadcom by 10.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 644,200 shares of the semiconductor manufacturer’s stock valued at $149,351,000 after purchasing an additional 59,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Broadcom by 500.8% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 152,414 shares of the semiconductor manufacturer’s stock valued at $35,336,000 after purchasing an additional 127,044 shares during the period. Finally, Telligent Fund LP acquired a new stake in Broadcom in the 4th quarter worth $10,665,000. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

Shares of Broadcom stock opened at $224.87 on Monday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $219.76 and a 200 day simple moving average of $184.32. Broadcom Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $251.88. The firm has a market cap of $1.05 trillion, a P/E ratio of 183.42, a P/E/G ratio of 2.42 and a beta of 1.02.

Broadcom (NASDAQ:AVGO) last released 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. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The company had revenue of $14.05 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same period last year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. Sell-side analysts predict 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 given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, December 23rd. This is an increase from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 1.05%. Broadcom’s dividend payout ratio is presently 192.50%.

Insider Activity

In other news, insider Charlie B. Kawwas sold 40,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $231.98, for a total value of $9,279,200.00. Following the transaction, the insider now owns 696,730 shares of the company’s stock, valued at $161,627,425.40. This represents a 5.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Diane M. Bryant sold 15,000 shares of Broadcom stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $226.68, for a total value of $3,400,200.00. Following the sale, the director now directly owns 6,460 shares of the company’s stock, valued at approximately $1,464,352.80. This trade represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 191,278 shares of company stock valued at $44,964,800. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AVGO. Bank of America upped their price objective on shares of Broadcom from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Hsbc Global Res upgraded Broadcom to a “hold” rating in a research report on Tuesday, December 3rd. Mizuho lifted their price objective on Broadcom from $245.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Citigroup upped their target price on Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler lifted their price target on shares of Broadcom from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $225.04.

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.