Broadcom Inc. (NASDAQ:AVGO) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,041 shares of the semiconductor manufacturer’s stock after selling 69 shares during the period. Telos Capital Management Inc.’s holdings in Broadcom were worth $937,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. GHP Investment Advisors Inc. raised its position in shares of Broadcom by 1.7% during the fourth quarter. GHP Investment Advisors Inc. now owns 3,357 shares of the semiconductor manufacturer’s stock worth $778,000 after purchasing an additional 57 shares during the period. McHugh Group LLC purchased a new position in Broadcom in the 4th quarter worth about $1,948,000. Silver Oak Securities Incorporated raised its holdings in Broadcom by 32.6% during the 4th quarter. Silver Oak Securities Incorporated now owns 25,236 shares of the semiconductor manufacturer’s stock worth $5,945,000 after buying an additional 6,198 shares during the period. Etesian Wealth Advisors Inc. lifted its stake in Broadcom by 5.2% during the fourth quarter. Etesian Wealth Advisors Inc. now owns 2,219 shares of the semiconductor manufacturer’s stock valued at $514,000 after buying an additional 109 shares in the last quarter. Finally, Spirepoint Private Client LLC boosted its holdings in shares of Broadcom by 2.3% in the fourth quarter. Spirepoint Private Client LLC now owns 87,568 shares of the semiconductor manufacturer’s stock worth $20,302,000 after buying an additional 1,929 shares during the period. 76.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AVGO has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Broadcom from $210.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Jefferies Financial Group increased their target price on Broadcom from $205.00 to $225.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barclays lifted their price target on Broadcom from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Susquehanna increased their price objective on Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a research note on Friday, December 13th. Finally, Benchmark reaffirmed a “buy” rating and set a $255.00 target price (up previously from $210.00) on shares of Broadcom in a research note on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.04.

Broadcom Stock Down 2.8 %

Broadcom stock opened at $224.87 on Monday. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 183.42, a P/E/G ratio of 2.42 and a beta of 1.02. The firm has a fifty day moving average price of $219.76 and a two-hundred day moving average price of $184.32. Broadcom Inc. has a fifty-two week low of $119.76 and a fifty-two week high of $251.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.03. The firm had revenue of $14.05 billion during the quarter, compared to the consensus estimate of $14.07 billion. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The firm’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.59 dividend. This is an increase from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, December 23rd. This represents a $2.36 annualized dividend and a dividend yield of 1.05%. Broadcom’s dividend payout ratio (DPR) is presently 192.50%.

Insider Buying and Selling

In other news, Director Diane M. Bryant sold 15,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $226.68, for a total transaction of $3,400,200.00. Following the transaction, the director now owns 6,460 shares in the company, valued at approximately $1,464,352.80. The trade was a 69.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eddy W. Hartenstein sold 4,000 shares of the stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $229.64, for a total transaction of $918,560.00. Following the completion of the sale, the director now owns 46,400 shares of the company’s stock, valued at approximately $10,655,296. The trade was a 7.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 191,278 shares of company stock valued at $44,964,800. 2.00% of the stock is owned by company insiders.

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.