Broadcom Inc. (NASDAQ:AVGO) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,801 shares of the semiconductor manufacturer’s stock after purchasing an additional 551 shares during the period. Unigestion Holding SA’s holdings in Broadcom were worth $3,895,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AVGO. Aster Capital Management DIFC Ltd bought a new position in Broadcom in the fourth quarter worth about $6,971,000. Oribel Capital Management LP acquired a new position in shares of Broadcom during the fourth quarter valued at $3,385,000. Sepio Capital LP grew its position in shares of Broadcom by 27.8% during the fourth quarter. Sepio Capital LP now owns 1,839 shares of the semiconductor manufacturer’s stock worth $426,000 after acquiring an additional 400 shares during the last quarter. Ruggaard & Associates LLC acquired a new stake in shares of Broadcom in the 4th quarter worth about $243,000. Finally, Darden Wealth Group Inc boosted its stake in Broadcom by 16.3% during the 4th quarter. Darden Wealth Group Inc now owns 22,025 shares of the semiconductor manufacturer’s stock valued at $5,106,000 after purchasing an additional 3,085 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom Price Performance

NASDAQ AVGO opened at $146.29 on Friday. The company has a 50 day simple moving average of $201.57 and a 200-day simple moving average of $196.19. Broadcom Inc. has a 52-week low of $119.76 and a 52-week high of $251.88. The firm has a market capitalization of $687.85 billion, a price-to-earnings ratio of 119.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 20th. Broadcom’s dividend payout ratio (DPR) is currently 113.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AVGO. Susquehanna boosted their price objective on Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Friday, December 13th. KeyCorp raised their price target on Broadcom from $260.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, March 7th. William Blair reiterated an “outperform” rating on shares of Broadcom in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $255.00 target price on shares of Broadcom in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $231.48.

Insider Activity

In other news, Director Check Kian Low sold 48,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $235.35, for a total transaction of $11,296,800.00. Following the completion of the sale, the director now directly owns 113,050 shares of the company’s stock, valued at $26,606,317.50. This trade represents a 29.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Henry Samueli sold 663,976 shares of Broadcom stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $181.60, for a total value of $120,578,041.60. Following the sale, the director now owns 38,798,721 shares of the company’s stock, valued at approximately $7,045,847,733.60. This represents a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 745,976 shares of company stock worth $138,632,902 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

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.