Disciplined Investors L.L.C. Makes New Investment in Broadcom Inc. (NASDAQ:AVGO)

Disciplined Investors L.L.C. purchased a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,794 shares of the semiconductor manufacturer’s stock, valued at approximately $630,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. SevenBridge Financial Group LLC grew its position in shares of Broadcom by 3.2% during the 4th quarter. SevenBridge Financial Group LLC now owns 6,576 shares of the semiconductor manufacturer’s stock valued at $1,546,000 after acquiring an additional 205 shares during the period. Martin Investment Management LLC purchased a new position in Broadcom during the fourth quarter valued at $243,000. OneAscent Financial Services LLC grew its holdings in Broadcom by 23.5% during the fourth quarter. OneAscent Financial Services LLC now owns 3,240 shares of the semiconductor manufacturer’s stock valued at $751,000 after purchasing an additional 617 shares during the period. Huntington National Bank increased its position in Broadcom by 2.7% in the fourth quarter. Huntington National Bank now owns 1,084,742 shares of the semiconductor manufacturer’s stock worth $251,487,000 after buying an additional 28,223 shares in the last quarter. Finally, Private Portfolio Partners LLC raised its stake in shares of Broadcom by 8.1% in the fourth quarter. Private Portfolio Partners LLC now owns 5,864 shares of the semiconductor manufacturer’s stock worth $1,359,000 after buying an additional 437 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. TD Cowen boosted their price objective on Broadcom from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price objective on shares of Broadcom from $205.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, December 13th. William Blair reaffirmed an “outperform” rating on shares of Broadcom in a report on Friday, March 7th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Broadcom in a report on Friday, March 7th. Finally, Evercore ISI upped their price objective on Broadcom from $201.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Three analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $231.48.

Broadcom Price Performance

NASDAQ:AVGO opened at $172.09 on Thursday. The firm has a market capitalization of $809.16 billion, a price-to-earnings ratio of 140.37, a PEG ratio of 2.29 and a beta of 1.01. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The business has a 50 day simple moving average of $205.27 and a 200-day simple moving average of $196.37. Broadcom Inc. has a 1 year low of $119.76 and a 1 year high of $251.88.

Broadcom Announces Dividend

The company also recently disclosed 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. This represents a $2.36 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 20th. Broadcom’s payout ratio is 113.46%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Eddy W. Hartenstein sold 4,000 shares of the business’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 transaction of $918,560.00. Following the completion of the transaction, the director now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $194.65, for a total value of $5,839,500.00. Following the transaction, the insider now directly owns 490,956 shares in the company, valued at approximately $95,564,585.40. This represents a 5.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 745,976 shares of company stock worth $138,632,902 over the last quarter. Insiders own 2.00% of the company’s stock.

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.