Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Motiv8 Investments LLC

Motiv8 Investments LLC increased its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 28.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,639 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,453 shares during the quarter. Broadcom comprises 1.1% of Motiv8 Investments LLC’s investment portfolio, making the stock its 24th biggest position. Motiv8 Investments LLC’s holdings in Broadcom were worth $1,539,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Alecta Tjanstepension Omsesidigt purchased a new position in Broadcom during the fourth quarter worth about $240,588,000. Proficio Capital Partners LLC raised its stake in Broadcom by 33,786.7% during the fourth quarter. Proficio Capital Partners LLC now owns 4,527,603 shares of the semiconductor manufacturer’s stock worth $1,049,679,000 after purchasing an additional 4,514,242 shares during the period. WT Wealth Management purchased a new position in Broadcom during the fourth quarter worth about $236,000. Kovack Advisors Inc. raised its stake in Broadcom by 8.1% during the fourth quarter. Kovack Advisors Inc. now owns 34,380 shares of the semiconductor manufacturer’s stock worth $7,971,000 after purchasing an additional 2,570 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in Broadcom by 2.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 1,757,800 shares of the semiconductor manufacturer’s stock worth $407,528,000 after purchasing an additional 37,700 shares during the period. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other 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 value of $9,279,200.00. Following the completion of the transaction, the insider now owns 696,730 shares in the company, valued at approximately $161,627,425.40. This represents a 5.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Diane M. Bryant sold 15,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $226.68, for a total transaction of $3,400,200.00. Following the completion of the transaction, the director now owns 6,460 shares of the company’s stock, valued at approximately $1,464,352.80. The trade was a 69.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,278 shares of company stock worth $44,964,800. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of analyst reports. Bank of America lifted their target price on shares of Broadcom from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. UBS Group boosted their price target on shares of Broadcom from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Morgan Stanley reduced their price target on shares of Broadcom from $265.00 to $246.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. Jefferies Financial Group boosted their price target on shares of Broadcom from $205.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Mizuho boosted their price target on shares of Broadcom from $245.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $225.04.

Broadcom Trading Up 0.8 %

NASDAQ AVGO opened at $199.29 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. Broadcom Inc. has a 52 week low of $119.76 and a 52 week high of $251.88. The stock has a market capitalization of $934.16 billion, a PE ratio of 162.56, a price-to-earnings-growth ratio of 2.29 and a beta of 1.02. The firm has a 50 day moving average of $227.44 and a two-hundred day moving average of $191.86.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The company had revenue of $14.05 billion during the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 51.2% on a year-over-year basis. As a group, research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.59 dividend. This is a boost from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $2.36 annualized dividend and a dividend yield of 1.18%. Broadcom’s dividend payout ratio is presently 191.87%.

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.