Broadcom Inc. (NASDAQ:AVGO) Shares Acquired by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 54.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,024 shares of the semiconductor manufacturer’s stock after purchasing an additional 360 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Broadcom were worth $1,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Choreo LLC lifted its stake in Broadcom by 3.0% in the fourth quarter. Choreo LLC now owns 4,396 shares of the semiconductor manufacturer’s stock valued at $4,907,000 after buying an additional 128 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Broadcom by 4.2% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,636 shares of the semiconductor manufacturer’s stock valued at $4,059,000 after buying an additional 148 shares during the last quarter. Mather Group LLC. lifted its stake in Broadcom by 6.9% in the fourth quarter. Mather Group LLC. now owns 5,098 shares of the semiconductor manufacturer’s stock valued at $5,690,000 after buying an additional 330 shares during the last quarter. Gilbert & Cook Inc. lifted its stake in Broadcom by 4.9% in the fourth quarter. Gilbert & Cook Inc. now owns 837 shares of the semiconductor manufacturer’s stock valued at $934,000 after buying an additional 39 shares during the last quarter. Finally, Red Wave Investments LLC lifted its stake in Broadcom by 22.0% in the fourth quarter. Red Wave Investments LLC now owns 493 shares of the semiconductor manufacturer’s stock valued at $550,000 after buying an additional 89 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AVGO. Mizuho boosted their price objective on Broadcom from $1,450.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. StockNews.com cut Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. restated an “overweight” rating and set a $1,700.00 price target on shares of Broadcom in a research note on Thursday, March 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $1,500.00 price objective on shares of Broadcom in a report on Thursday, March 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $1,720.00 price objective on shares of Broadcom in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,285.41.

Insider Activity

In other news, Director Justine Page sold 110 shares of the company’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $1,323.00, for a total transaction of $145,530.00. Following the completion of the transaction, the director now directly owns 3,125 shares of the company’s stock, valued at $4,134,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Justine Page sold 110 shares of the stock in a transaction 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 completion of the transaction, the director now owns 3,125 shares in the company, valued at $4,134,375. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hock E. Tan sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total transaction of $2,624,500.00. Following the sale, the chief executive officer now directly owns 168,096 shares in the company, valued at $220,583,976. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock worth $40,306,667 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Down 0.4 %

NASDAQ AVGO traded down $5.69 on Monday, reaching $1,338.38. The company had a trading volume of 575,261 shares, compared to its average volume of 2,906,619. The stock has a market cap of $620.23 billion, a price-to-earnings ratio of 49.54, a PEG ratio of 2.74 and a beta of 1.25. Broadcom Inc. has a 52 week low of $601.29 and a 52 week high of $1,438.17. The stock’s 50 day moving average is $1,306.70 and its 200-day moving average is $1,137.84. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.05.

Broadcom (NASDAQ:AVGO) last issued its 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 during the quarter, compared to the consensus estimate of $11.79 billion. During the same quarter in the prior year, the firm earned $9.83 earnings per share. The business’s quarterly revenue was up 34.2% on a year-over-year basis. Equities analysts predict that Broadcom Inc. will post 35.96 earnings per share for the current year.

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a $5.25 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $21.00 annualized dividend and a dividend yield of 1.57%. Broadcom’s dividend payout ratio is presently 77.84%.

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.