Broadcom Inc. (NASDAQ:AVGO) is Schear Investment Advisers LLC’s 7th Largest Position

Schear Investment Advisers LLC increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,108 shares of the semiconductor manufacturer’s stock after purchasing an additional 26 shares during the quarter. Broadcom accounts for 3.4% of Schear Investment Advisers LLC’s investment portfolio, making the stock its 7th largest position. Schear Investment Advisers LLC’s holdings in Broadcom were worth $3,469,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. BKM Wealth Management LLC acquired a new stake in Broadcom in the 4th quarter valued at about $29,000. CKW Financial Group acquired a new stake in Broadcom in the 4th quarter valued at about $30,000. Macroview Investment Management LLC acquired a new stake in Broadcom in the 3rd quarter valued at about $29,000. PrairieView Partners LLC grew its stake in Broadcom by 178.6% in the 4th quarter. PrairieView Partners LLC now owns 39 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 25 shares during the last quarter. Finally, Rise Advisors LLC grew its stake in Broadcom by 33.3% in the 4th quarter. Rise Advisors LLC now owns 40 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity at Broadcom

In related news, Director Justine Page sold 110 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $1,323.00, for a total value of $145,530.00. Following the transaction, the director now owns 3,125 shares in the company, valued at $4,134,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Justine Page sold 110 shares of Broadcom stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $1,323.00, for a total transaction of $145,530.00. Following the sale, the director now owns 3,125 shares in the company, valued at $4,134,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eddy W. Hartenstein sold 3,150 shares of Broadcom stock in a transaction that occurred 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 sale, the director now owns 4,643 shares in the company, valued at approximately $5,991,048.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,920 shares of company stock worth $40,306,667. Company insiders own 2.00% of the company’s stock.

Broadcom Trading Down 3.3 %

Shares of AVGO stock traded down $41.99 during trading hours on Friday, hitting $1,217.00. 2,081,861 shares of the company were exchanged, compared to its average volume of 2,934,295. The firm has a market cap of $563.98 billion, a PE ratio of 45.98, a PEG ratio of 2.62 and a beta of 1.25. Broadcom Inc. has a 1 year low of $601.29 and a 1 year high of $1,438.17. 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 fifty day moving average of $1,306.69 and a 200 day moving average of $1,116.18.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, beating the consensus estimate of $8.95 by $2.04. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. The firm had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. During the same quarter last year, the firm posted $9.83 earnings per share. Broadcom’s revenue for the quarter was up 34.2% compared to the same quarter last year. Analysts expect that Broadcom Inc. will post 35.88 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $5.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $21.00 annualized dividend and a yield of 1.73%. Broadcom’s payout ratio is 77.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AVGO shares. TD Cowen raised shares of Broadcom from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $1,400.00 to $1,500.00 in a research note on Thursday, March 21st. Oppenheimer reaffirmed an “outperform” rating and set a $1,500.00 price target (up from $1,100.00) on shares of Broadcom in a research note on Friday, March 1st. Barclays raised their price target on shares of Broadcom from $1,405.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group raised their price target on shares of Broadcom to $1,480.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Evercore ISI began coverage on shares of Broadcom in a research note on Tuesday. They set an “outperform” rating and a $1,620.00 price target on the stock. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,285.41.

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.