Kozak & Associates Inc. Increases Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Kozak & Associates Inc. boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 60.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,847 shares of the semiconductor manufacturer’s stock after buying an additional 2,196 shares during the period. Broadcom makes up about 0.3% of Kozak & Associates Inc.’s holdings, making the stock its 20th biggest position. Kozak & Associates Inc.’s holdings in Broadcom were worth $1,360,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AVGO. NCP Inc. boosted its position in shares of Broadcom by 615.4% during the 2nd quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock worth $747,000 after purchasing an additional 400 shares in the last quarter. Strategic Financial Concepts LLC increased its position in shares of Broadcom by 80,715.3% in the second quarter. Strategic Financial Concepts LLC now owns 206,079 shares of the semiconductor manufacturer’s stock valued at $3,309,000 after buying an additional 205,824 shares in the last quarter. MainStreet Investment Advisors LLC acquired a new position in shares of Broadcom during the 2nd quarter worth $7,042,000. Otter Creek Advisors LLC grew its stake in Broadcom by 16.2% in the 2nd quarter. Otter Creek Advisors LLC now owns 4,080 shares of the semiconductor manufacturer’s stock valued at $6,551,000 after acquiring an additional 570 shares during the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Broadcom by 168.8% in the second quarter. Acadian Asset Management LLC now owns 33,044 shares of the semiconductor manufacturer’s stock valued at $53,046,000 after purchasing an additional 20,753 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Performance

NASDAQ:AVGO traded up $2.29 during mid-day trading on Monday, hitting $234.84. 19,749,447 shares of the company traded hands, compared to its average volume of 25,218,867. Broadcom Inc. has a one year low of $105.20 and a one year high of $251.88. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 1.02. The firm has a market cap of $1.10 trillion, a price-to-earnings ratio of 204.03, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. The stock’s fifty day moving average price is $191.27 and its 200-day moving average price is $173.87.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $14.07 billion. Broadcom had a net margin of 10.88% and a return on equity of 30.12%. The company’s revenue was up 51.2% on a year-over-year basis. During the same period last year, the firm earned $0.98 EPS. Research analysts anticipate that Broadcom Inc. will post 3.79 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed 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 is a positive change from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is 191.87%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. TD Cowen raised their price objective on Broadcom from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Robert W. Baird upped their target price on Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. William Blair assumed coverage on Broadcom in a research report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Jefferies Financial Group raised their target price on Broadcom from $205.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $240.00 target price on shares of Broadcom in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $221.88.

Insider Buying and Selling

In other Broadcom news, insider Charlie B. Kawwas sold 15,950 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $181.44, for a total transaction of $2,893,968.00. Following the transaction, the insider now directly owns 737,330 shares in the company, valued at $133,781,155.20. This trade represents a 2.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hock E. Tan sold 45,000 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $239.96, for a total value of $10,798,200.00. Following the completion of the sale, the chief executive officer now owns 842,836 shares of the company’s stock, valued at $202,246,926.56. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,128 shares of company stock worth $29,820,640. 2.00% of the stock is owned by insiders.

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.