Juncture Wealth Strategies LLC Purchases 3,041 Shares of Broadcom Inc. (NASDAQ:AVGO)

Juncture Wealth Strategies LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 897.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,380 shares of the semiconductor manufacturer’s stock after buying an additional 3,041 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in Broadcom were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AVGO. Public Employees Retirement System of Ohio grew its stake in Broadcom by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 227,015 shares of the semiconductor manufacturer’s stock worth $253,405,000 after buying an additional 14,121 shares during the last quarter. Optimist Retirement Group LLC bought a new stake in shares of Broadcom during the fourth quarter valued at approximately $3,229,000. Studio Investment Management LLC grew its stake in shares of Broadcom by 25.4% during the fourth quarter. Studio Investment Management LLC now owns 2,527 shares of the semiconductor manufacturer’s stock valued at $2,821,000 after purchasing an additional 512 shares during the last quarter. Contour Asset Management LLC grew its stake in shares of Broadcom by 7.1% during the fourth quarter. Contour Asset Management LLC now owns 103,462 shares of the semiconductor manufacturer’s stock valued at $115,489,000 after purchasing an additional 6,879 shares during the last quarter. Finally, Oarsman Capital Inc. grew its stake in shares of Broadcom by 2.9% during the fourth quarter. Oarsman Capital Inc. now owns 3,188 shares of the semiconductor manufacturer’s stock valued at $3,559,000 after purchasing an additional 90 shares during the last quarter. 76.43% of the stock is owned by institutional investors.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 18,900 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $182.88, for a total value of $3,456,432.00. Following the completion of the transaction, the insider now owns 380,560 shares of the company’s stock, valued at approximately $69,596,812.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Mark David Brazeal sold 18,900 shares of Broadcom stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $182.88, for a total value of $3,456,432.00. Following the completion of the transaction, the insider now owns 380,560 shares of the company’s stock, valued at $69,596,812.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Charlie B. Kawwas sold 25,200 shares of Broadcom stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $168.27, for a total transaction of $4,240,404.00. Following the completion of the transaction, the insider now directly owns 753,280 shares of the company’s stock, valued at approximately $126,754,425.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 295,130 shares of company stock valued at $50,646,622. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. William Blair assumed coverage on shares of Broadcom in a research note on Wednesday, September 18th. They set an “outperform” rating on the stock. Cantor Fitzgerald increased their price target on shares of Broadcom from $200.00 to $225.00 and gave the company an “overweight” rating in a research note on Tuesday. Bank of America restated a “buy” rating and issued a $215.00 price objective (up from $200.00) on shares of Broadcom in a report on Monday, June 24th. UBS Group cut their price objective on shares of Broadcom from $173.50 to $170.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Finally, TD Cowen upgraded shares of Broadcom to a “strong-buy” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $190.29.

Broadcom Trading Down 2.3 %

Shares of NASDAQ:AVGO opened at $181.48 on Friday. Broadcom Inc. has a 12 month low of $81.83 and a 12 month high of $186.42. The company has a quick ratio of 0.94, a current ratio of 1.04 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $162.91 and its 200 day simple moving average is $151.64. The firm has a market cap of $847.62 billion, a price-to-earnings ratio of 157.67, a PEG ratio of 2.99 and a beta of 1.17.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 5th. The semiconductor manufacturer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $12.98 billion. Broadcom had a net margin of 10.88% and a return on equity of 30.12%. The firm’s quarterly revenue was up 47.3% on a year-over-year basis. During the same period last year, the business posted $0.95 earnings per share. As a group, research analysts forecast that Broadcom Inc. will post 3.78 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were given a $0.53 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $2.12 dividend on an annualized basis and a yield of 1.17%. This is an increase from Broadcom’s previous quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is 184.19%.

Broadcom Company 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.