Savant Capital LLC Has $4.71 Million Stake in Broadcom Inc. (NASDAQ:AVGO)

Savant Capital LLC lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,217 shares of the semiconductor manufacturer’s stock after purchasing an additional 205 shares during the period. Savant Capital LLC’s holdings in Broadcom were worth $4,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Simon Quick Advisors LLC grew its holdings in shares of Broadcom by 47.2% during the 3rd quarter. Simon Quick Advisors LLC now owns 917 shares of the semiconductor manufacturer’s stock worth $762,000 after purchasing an additional 294 shares in the last quarter. Stratos Wealth Advisors LLC grew its stake in Broadcom by 123.2% during the third quarter. Stratos Wealth Advisors LLC now owns 3,259 shares of the semiconductor manufacturer’s stock worth $2,707,000 after buying an additional 1,799 shares in the last quarter. Hartford Financial Management Inc. increased its holdings in Broadcom by 1.5% in the 3rd quarter. Hartford Financial Management Inc. now owns 1,439 shares of the semiconductor manufacturer’s stock valued at $1,195,000 after buying an additional 21 shares during the period. Independent Advisor Alliance raised its position in shares of Broadcom by 22.0% in the 3rd quarter. Independent Advisor Alliance now owns 15,910 shares of the semiconductor manufacturer’s stock valued at $13,214,000 after buying an additional 2,864 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Broadcom by 28.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,313 shares of the semiconductor manufacturer’s stock worth $1,921,000 after acquiring an additional 509 shares during the period. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,500.00 price target on shares of Broadcom in a report on Monday, April 8th. Benchmark reaffirmed a “buy” rating and issued a $1,720.00 price objective on shares of Broadcom in a research note on Thursday, March 21st. Barclays boosted their target price on Broadcom from $1,405.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $1,700.00 price target on shares of Broadcom in a research note on Thursday, March 21st. Three research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,285.41.

Broadcom Stock Performance

Shares of AVGO opened at $1,242.86 on Thursday. The firm’s fifty day simple moving average is $1,310.35 and its two-hundred day simple moving average is $1,144.51. Broadcom Inc. has a 12 month low of $601.29 and a 12 month high of $1,438.17. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $575.97 billion, a P/E ratio of 46.07, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, topping the consensus estimate of $8.95 by $2.04. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The business had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.79 billion. During the same quarter last year, the firm posted $9.83 earnings per share. The firm’s revenue was up 34.2% on a year-over-year basis. As a group, analysts predict that Broadcom Inc. will post 35.96 EPS for the current year.

Broadcom Announces Dividend

The business 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 $5.25 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $21.00 dividend on an annualized basis and a dividend yield of 1.69%. Broadcom’s payout ratio is presently 77.84%.

About Broadcom

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.