Broadcom Inc. (NASDAQ:AVGO) Stock Holdings Lifted by Garde Capital Inc.

Garde Capital Inc. lifted its position in Broadcom Inc. (NASDAQ:AVGO) by 900.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,120 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,008 shares during the quarter. Garde Capital Inc.’s holdings in Broadcom were worth $1,918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boulder Wealth Advisors LLC acquired a new position in shares of Broadcom in the 3rd quarter valued at about $1,006,000. Inspire Trust Co. N.A. increased its holdings in Broadcom by 2,189.0% in the third quarter. Inspire Trust Co. N.A. now owns 39,210 shares of the semiconductor manufacturer’s stock worth $6,764,000 after buying an additional 37,497 shares during the last quarter. American Trust grew its stake in Broadcom by 863.6% in the 3rd quarter. American Trust now owns 4,240 shares of the semiconductor manufacturer’s stock valued at $731,000 after buying an additional 3,800 shares during the last quarter. Old North State Trust LLC boosted its holdings in Broadcom by 1,590.2% during the third quarter. Old North State Trust LLC now owns 2,941 shares of the semiconductor manufacturer’s stock valued at $507,000 after acquiring an additional 2,767 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Broadcom by 1,114.6% in the third quarter. Franklin Resources Inc. now owns 21,113,921 shares of the semiconductor manufacturer’s stock worth $3,849,270,000 after purchasing an additional 19,375,547 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadcom news, Director Gayla J. Delly sold 750 shares of Broadcom stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $174.53, for a total transaction of $130,897.50. Following the completion of the sale, the director now directly owns 34,750 shares in the company, valued at $6,064,917.50. The trade was a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 20,280 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $177.10, for a total transaction of $3,591,588.00. Following the completion of the transaction, the insider now directly owns 399,460 shares in the company, valued at $70,744,366. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 311,080 shares of company stock worth $53,540,590. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AVGO. The Goldman Sachs Group increased their target price on Broadcom from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Cantor Fitzgerald increased their price objective on Broadcom from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Susquehanna boosted their target price on shares of Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Friday. Hsbc Global Res raised Broadcom to a “hold” rating in a report on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. upped their price target on Broadcom from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $210.63.

Broadcom Stock Down 1.4 %

AVGO stock opened at $180.66 on Friday. Broadcom Inc. has a fifty-two week low of $104.15 and a fifty-two week high of $186.42. The stock has a fifty day moving average of $173.65 and a 200-day moving average of $163.86. The company has a market capitalization of $843.79 billion, a price-to-earnings ratio of 156.96, a PEG ratio of 2.15 and a beta of 1.13. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.94 and a current ratio of 1.04.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $14.05 billion for the quarter, compared to analysts’ expectations of $14.07 billion. Broadcom had a net margin of 10.88% and a return on equity of 30.12%. The business’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, equities research analysts predict that Broadcom Inc. will post 3.79 earnings per share for the current year.

Broadcom Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.31%. This is an increase from Broadcom’s previous quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is presently 184.19%.

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.