Hansen & Associates Financial Group Inc. Sells 150 Shares of Broadcom Inc. (NASDAQ:AVGO)

Hansen & Associates Financial Group Inc. lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 5.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,636 shares of the semiconductor manufacturer’s stock after selling 150 shares during the quarter. Broadcom comprises 0.3% of Hansen & Associates Financial Group Inc.’s holdings, making the stock its 16th biggest position. Hansen & Associates Financial Group Inc.’s holdings in Broadcom were worth $637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AA Financial Advisors LLC grew its position in Broadcom by 2.7% in the fourth quarter. AA Financial Advisors LLC now owns 17,266 shares of the semiconductor manufacturer’s stock valued at $4,003,000 after acquiring an additional 454 shares during the last quarter. Evernest Financial Advisors LLC grew its position in Broadcom by 54.2% in the fourth quarter. Evernest Financial Advisors LLC now owns 8,531 shares of the semiconductor manufacturer’s stock valued at $1,978,000 after acquiring an additional 3,000 shares during the last quarter. Heritage Financial Services LLC grew its position in Broadcom by 138.2% in the fourth quarter. Heritage Financial Services LLC now owns 5,946 shares of the semiconductor manufacturer’s stock valued at $1,379,000 after acquiring an additional 3,450 shares during the last quarter. Sonora Investment Management Group LLC grew its position in Broadcom by 0.5% in the fourth quarter. Sonora Investment Management Group LLC now owns 122,697 shares of the semiconductor manufacturer’s stock valued at $28,446,000 after acquiring an additional 671 shares during the last quarter. Finally, Oak Harvest Investment Services grew its position in Broadcom by 64.4% in the fourth quarter. Oak Harvest Investment Services now owns 78,325 shares of the semiconductor manufacturer’s stock valued at $18,159,000 after acquiring an additional 30,669 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity

In related news, Director Check Kian Low sold 48,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $235.35, for a total transaction of $11,296,800.00. Following the completion of the sale, the director now directly owns 113,050 shares of the company’s stock, valued at approximately $26,606,317.50. This trade represents a 29.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charlie B. Kawwas sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.98, for a total value of $9,279,200.00. Following the sale, the insider now directly owns 696,730 shares of the company’s stock, valued at $161,627,425.40. This represents a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 191,278 shares of company stock valued at $44,964,800 in the last ninety days. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AVGO shares. UBS Group lifted their target price on Broadcom from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Evercore ISI boosted their price target on Broadcom from $201.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Benchmark restated a “buy” rating and set a $255.00 price target (up from $210.00) on shares of Broadcom in a report on Friday, December 13th. Bank of America boosted their price target on Broadcom from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Mizuho boosted their price target on Broadcom from $245.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $225.04.

Broadcom Stock Performance

NASDAQ:AVGO opened at $221.27 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98. Broadcom Inc. has a 12-month low of $117.43 and a 12-month high of $251.88. The stock has a 50-day moving average price of $213.41 and a 200 day moving average price of $182.02. The stock has a market capitalization of $1.04 trillion, a P/E ratio of 180.48, a P/E/G ratio of 2.16 and a beta of 1.03.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The company had revenue of $14.05 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 51.2% on a year-over-year basis. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal 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 represents a $2.36 annualized dividend and a dividend yield of 1.07%. This is a positive change from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is presently 192.50%.

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.