Chartwell Investment Partners LLC grew its holdings in Broadcom Inc (NASDAQ:AVGO) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,921 shares of the semiconductor manufacturer’s stock after buying an additional 353 shares during the period. Chartwell Investment Partners LLC’s holdings in Broadcom were worth $2,081,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Broadcom by 6.6% during the third quarter. Vanguard Group Inc. now owns 33,632,811 shares of the semiconductor manufacturer’s stock worth $8,298,223,000 after purchasing an additional 2,094,847 shares in the last quarter. Vanguard Group Inc grew its position in Broadcom by 6.6% during the third quarter. Vanguard Group Inc now owns 33,632,811 shares of the semiconductor manufacturer’s stock worth $8,298,223,000 after buying an additional 2,094,847 shares during the period. Oregon Public Employees Retirement Fund grew its position in Broadcom by 26,295.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,950,143 shares of the semiconductor manufacturer’s stock worth $47,000 after buying an additional 11,904,869 shares during the period. FMR LLC grew its position in Broadcom by 3.8% during the fourth quarter. FMR LLC now owns 10,192,760 shares of the semiconductor manufacturer’s stock worth $2,591,815,000 after buying an additional 374,911 shares during the period. Finally, Geode Capital Management LLC grew its position in Broadcom by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 5,111,832 shares of the semiconductor manufacturer’s stock worth $1,297,609,000 after buying an additional 63,639 shares during the period. 86.93% of the stock is owned by institutional investors and hedge funds.

In related news, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $291.27, for a total transaction of $5,825,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Charlie B. Kawwas sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $304.51, for a total transaction of $3,045,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,824 shares of company stock worth $20,089,519. 3.30% of the stock is owned by company insiders.

Several research analysts have weighed in on the stock. KeyCorp restated an “overweight” rating and set a $335.00 target price (up from $310.00) on shares of Broadcom in a research report on Tuesday, April 2nd. Cowen lowered shares of Broadcom from an “outperform” rating to a “market perform” rating and set a $280.00 target price on the stock. in a research report on Friday, February 22nd. Citigroup assumed coverage on shares of Broadcom in a research report on Friday, March 15th. They set a “buy” rating on the stock. Barclays upped their target price on shares of Broadcom from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, SunTrust Banks upped their target price on shares of Broadcom to $339.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty-two have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $301.99.

AVGO stock opened at $316.40 on Tuesday. The company has a market capitalization of $122.48 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.44 and a beta of 0.68. Broadcom Inc has a 12 month low of $197.46 and a 12 month high of $317.52. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 1.47.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, March 14th. The semiconductor manufacturer reported $5.55 EPS for the quarter, beating the consensus estimate of $4.32 by $1.23. The business had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.83 billion. Broadcom had a net margin of 30.50% and a return on equity of 30.31%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $5.12 earnings per share. Equities analysts anticipate that Broadcom Inc will post 17.65 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $2.65 per share. The ex-dividend date was Wednesday, March 20th. This represents a $10.60 dividend on an annualized basis and a yield of 3.35%. Broadcom’s dividend payout ratio (DPR) is currently 56.29%.

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About Broadcom

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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