Guidance Point Advisors LLC Purchases 218 Shares of Broadcom Inc. (NASDAQ:AVGO)

Guidance Point Advisors LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,855 shares of the semiconductor manufacturer’s stock after acquiring an additional 218 shares during the period. Guidance Point Advisors LLC’s holdings in Broadcom were worth $894,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC raised its holdings in shares of Broadcom by 2,219.8% during the third quarter. Howard Capital Management Group LLC now owns 3,039 shares of the semiconductor manufacturer’s stock valued at $524,000 after acquiring an additional 2,908 shares in the last quarter. Principal Financial Group Inc. increased its position in Broadcom by 1,019.4% during the 3rd quarter. Principal Financial Group Inc. now owns 7,182,409 shares of the semiconductor manufacturer’s stock valued at $1,238,966,000 after purchasing an additional 6,540,800 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Broadcom by 839.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 122,506 shares of the semiconductor manufacturer’s stock worth $21,132,000 after purchasing an additional 109,459 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Broadcom by 876.2% in the 3rd quarter. Motley Fool Asset Management LLC now owns 187,958 shares of the semiconductor manufacturer’s stock worth $31,477,000 after purchasing an additional 168,703 shares during the period. Finally, Morse Asset Management Inc boosted its stake in shares of Broadcom by 899.9% during the 3rd quarter. Morse Asset Management Inc now owns 66,044 shares of the semiconductor manufacturer’s stock valued at $11,393,000 after purchasing an additional 59,439 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Insider Activity

In related news, Director Henry Samueli sold 663,976 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $181.60, for a total transaction of $120,578,041.60. Following the completion of the sale, the director now owns 38,798,721 shares in the company, valued at approximately $7,045,847,733.60. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eddy W. Hartenstein sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the completion of the transaction, the director now directly owns 46,400 shares in the company, valued at $10,655,296. The trade was a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 745,976 shares of company stock valued at $138,632,902 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several research analyst reports. Susquehanna raised their price objective on shares of Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a report on Friday, December 13th. Citigroup lifted their price target on Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. TD Cowen increased their price objective on Broadcom from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Barclays raised their price objective on Broadcom from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $231.48.

Broadcom Stock Performance

Shares of AVGO stock opened at $172.09 on Thursday. The firm has a market capitalization of $809.16 billion, a PE ratio of 140.37, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a 50 day moving average price of $205.27 and a 200-day moving average price of $196.37. Broadcom Inc. has a 52 week low of $119.76 and a 52 week high of $251.88. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 20th were paid a dividend of $0.59 per share. The ex-dividend date was Thursday, March 20th. This represents a $2.36 dividend on an annualized basis and a yield of 1.37%. Broadcom’s dividend payout ratio is presently 113.46%.

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.