Holistic Financial Partners Sells 1,311 Shares of Broadcom Inc. (NASDAQ:AVGO)

Holistic Financial Partners reduced its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,984 shares of the semiconductor manufacturer’s stock after selling 1,311 shares during the quarter. Broadcom accounts for about 0.7% of Holistic Financial Partners’ holdings, making the stock its 27th biggest holding. Holistic Financial Partners’ holdings in Broadcom were worth $1,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthstream Advisors Inc. increased its stake in shares of Broadcom by 1.5% in the fourth quarter. Wealthstream Advisors Inc. now owns 4,661 shares of the semiconductor manufacturer’s stock valued at $1,081,000 after buying an additional 70 shares during the period. Crestwood Advisors Group LLC boosted its holdings in Broadcom by 8.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 180,542 shares of the semiconductor manufacturer’s stock worth $41,857,000 after acquiring an additional 14,542 shares in the last quarter. IFP Advisors Inc boosted its holdings in Broadcom by 35.7% in the fourth quarter. IFP Advisors Inc now owns 48,398 shares of the semiconductor manufacturer’s stock worth $11,221,000 after acquiring an additional 12,735 shares in the last quarter. Rowlandmiller & PARTNERS.ADV bought a new position in Broadcom in the fourth quarter worth approximately $104,000. Finally, Waverton Investment Management Ltd lifted its holdings in shares of Broadcom by 69.0% in the fourth quarter. Waverton Investment Management Ltd now owns 2,180 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 890 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity at Broadcom

In other Broadcom news, Director Harry L. You sold 6,540 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $240.00, for a total transaction of $1,569,600.00. Following the transaction, the director now owns 30,450 shares in the company, valued at approximately $7,308,000. This represents a 17.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eddy W. Hartenstein sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the transaction, the director now owns 46,400 shares in the company, valued at $10,655,296. This trade represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,278 shares of company stock worth $44,964,800 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Broadcom Stock Down 2.6 %

AVGO opened at $202.54 on Wednesday. The company has a market cap of $949.38 billion, a P/E ratio of 165.21, a P/E/G ratio of 2.29 and a beta of 1.02. The business’s 50-day moving average price is $228.49 and its 200-day moving average price is $191.31. 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 $119.76 and a 12 month high of $251.88.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.03. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The firm had revenue of $14.05 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s quarterly revenue was up 51.2% on a year-over-year basis. On average, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Monday, December 23rd. This is an increase from Broadcom’s previous quarterly dividend of $0.53. Broadcom’s payout ratio is currently 191.87%.

Wall Street Analyst Weigh In

AVGO has been the topic of a number of recent research reports. Citigroup raised their target price on Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird raised their target price on Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Jefferies Financial Group raised their target price on Broadcom from $205.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Susquehanna lifted their price target on Broadcom from $200.00 to $225.00 and gave the company a “positive” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their price target on Broadcom from $210.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.04.

Broadcom 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.