3,767,181 Shares in Broadcom Inc. (NASDAQ:AVGO) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Broadcom Inc. (NASDAQ:AVGO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,767,181 shares of the semiconductor manufacturer’s stock, valued at approximately $873,383,000. Broadcom makes up about 1.7% of Universal Beteiligungs und Servicegesellschaft mbH’s portfolio, making the stock its 7th biggest holding. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Broadcom at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn FI LLC acquired a new stake in Broadcom during the 4th quarter worth approximately $3,561,000. Employees Retirement System of Texas increased its position in shares of Broadcom by 2.1% during the fourth quarter. Employees Retirement System of Texas now owns 945,949 shares of the semiconductor manufacturer’s stock worth $219,309,000 after purchasing an additional 19,080 shares in the last quarter. Brucke Financial Inc. acquired a new position in Broadcom during the fourth quarter worth approximately $1,487,000. Azzad Asset Management Inc. ADV grew its stake in shares of Broadcom by 1.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,400 shares of the semiconductor manufacturer’s stock valued at $8,671,000 after purchasing an additional 626 shares during the last quarter. Finally, Omnia Family Wealth LLC raised its position in Broadcom by 11.2% during the fourth quarter. Omnia Family Wealth LLC now owns 2,611 shares of the semiconductor manufacturer’s stock worth $605,000 after acquiring an additional 264 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadcom

In other Broadcom news, Director Eddy W. Hartenstein sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $229.64, for a total transaction of $918,560.00. Following the sale, the director now directly owns 46,400 shares of the company’s stock, valued at $10,655,296. The trade was a 7.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 20,168 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $238.79, for a total value of $4,815,916.72. Following the sale, the insider now owns 321,660 shares of the company’s stock, valued at approximately $76,809,191.40. The trade was a 5.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,738 shares of company stock worth $43,395,200 over the last quarter. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Citigroup increased their target price on Broadcom from $175.00 to $205.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Broadcom from $260.00 to $267.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Evercore ISI raised their target price on Broadcom from $201.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Robert W. Baird raised their price target on shares of Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.48.

Broadcom Price Performance

AVGO stock opened at $195.57 on Thursday. Broadcom Inc. has a 1 year low of $119.76 and a 1 year high of $251.88. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. The stock has a 50-day moving average price of $215.81 and a two-hundred day moving average price of $194.61. The stock has a market cap of $919.56 billion, a PE ratio of 159.52, a price-to-earnings-growth ratio of 2.29 and a beta of 1.01.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, March 20th. Broadcom’s dividend payout ratio is 113.46%.

Broadcom 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.