Broadcom Inc. (NASDAQ:AVGO) Stock Holdings Lessened by Members Capital Advisors Inc.

Members Capital Advisors Inc. reduced its holdings in Broadcom Inc. (NASDAQ:AVGO) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 240 shares of the semiconductor manufacturer’s stock after selling 50 shares during the quarter. Broadcom comprises approximately 0.8% of Members Capital Advisors Inc.’s investment portfolio, making the stock its 7th biggest holding. Members Capital Advisors Inc.’s holdings in Broadcom were worth $268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. PSI Advisors LLC raised its position in shares of Broadcom by 66.7% during the 4th quarter. PSI Advisors LLC now owns 25 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 10 shares during the period. Macroview Investment Management LLC acquired a new position in shares of Broadcom during the 3rd quarter valued at $29,000. BKM Wealth Management LLC acquired a new position in shares of Broadcom during the 4th quarter valued at $29,000. CKW Financial Group acquired a new position in shares of Broadcom during the 4th quarter valued at $30,000. Finally, Bfsg LLC bought a new stake in shares of Broadcom during the 4th quarter worth $35,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Broadcom in a research report on Thursday, March 21st. StockNews.com lowered Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Benchmark reissued a “buy” rating and set a $1,720.00 target price on shares of Broadcom in a research report on Thursday, March 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $1,700.00 target price on shares of Broadcom in a research report on Thursday, March 21st. Finally, UBS Group lifted their target price on Broadcom to $1,480.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,285.41.

Broadcom Trading Up 0.6 %

AVGO stock traded up $7.63 during trading on Wednesday, hitting $1,256.82. The company had a trading volume of 2,007,720 shares, compared to its average volume of 2,940,795. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $1,304.15 and a 200-day moving average price of $1,129.53. Broadcom Inc. has a 12 month low of $601.29 and a 12 month high of $1,438.17. The stock has a market cap of $582.44 billion, a price-to-earnings ratio of 46.58, a PEG ratio of 2.50 and a beta of 1.25.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share for the quarter, topping the consensus estimate of $8.95 by $2.04. The firm had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.79 billion. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. Broadcom’s revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.83 EPS. As a group, analysts predict that Broadcom Inc. will post 35.88 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were given a dividend of $5.25 per share. This represents a $21.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s payout ratio is 77.84%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Eddy W. Hartenstein sold 3,150 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total transaction of $4,064,571.00. Following the completion of the sale, the director now owns 4,643 shares in the company, valued at approximately $5,991,048.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Eddy W. Hartenstein sold 3,150 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total value of $4,064,571.00. Following the completion of the sale, the director now owns 4,643 shares in the company, valued at approximately $5,991,048.62. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth Hao sold 9,160 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,388.13, for a total transaction of $12,715,270.80. Following the completion of the sale, the director now owns 45 shares of the company’s stock, valued at approximately $62,465.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,920 shares of company stock worth $40,306,667. Insiders own 2.00% of the company’s stock.

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.