Caldwell Investment Management Ltd. Buys 6,200 Shares of Broadcom Inc. (NASDAQ:AVGO)

Caldwell Investment Management Ltd. boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 144.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 10,500 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,200 shares during the period. Broadcom comprises 1.7% of Caldwell Investment Management Ltd.’s holdings, making the stock its 12th largest position. Caldwell Investment Management Ltd.’s holdings in Broadcom were worth $2,470,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AVGO. NCP Inc. lifted its stake in Broadcom by 615.4% in the 2nd quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock valued at $747,000 after purchasing an additional 400 shares during the last quarter. Primecap Management Co. CA lifted its position in Broadcom by 61.4% during the second quarter. Primecap Management Co. CA now owns 95,428 shares of the semiconductor manufacturer’s stock worth $153,213,000 after acquiring an additional 36,317 shares during the last quarter. Virtu Financial LLC acquired a new stake in Broadcom during the second quarter worth approximately $2,116,000. Financial & Tax Architects LLC lifted its position in Broadcom by 20.1% during the second quarter. Financial & Tax Architects LLC now owns 925 shares of the semiconductor manufacturer’s stock worth $1,486,000 after acquiring an additional 155 shares during the last quarter. Finally, E Fund Management Co. Ltd. lifted its position in Broadcom by 18.8% during the second quarter. E Fund Management Co. Ltd. now owns 11,981 shares of the semiconductor manufacturer’s stock worth $19,236,000 after acquiring an additional 1,894 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Up 1.5 %

Shares of NASDAQ:AVGO opened at $228.00 on Thursday. The company has a market capitalization of $1.07 trillion, a PE ratio of 198.09, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03. Broadcom Inc. has a 52-week low of $109.02 and a 52-week high of $251.88. The company has a fifty day moving average of $199.05 and a 200-day moving average of $176.63. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.94 and a current ratio of 1.04.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $14.05 billion during the quarter, compared to the consensus estimate of $14.07 billion. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. Broadcom’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. On average, equities analysts predict that Broadcom Inc. will post 3.79 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.04%. This is an increase 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 is presently 191.87%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AVGO. UBS Group raised their price objective on shares of Broadcom from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Hsbc Global Res raised shares of Broadcom to a “hold” rating in a report on Tuesday, December 3rd. Barclays raised their target price on shares of Broadcom from $200.00 to $205.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Morgan Stanley raised their target price on shares of Broadcom from $233.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Finally, Robert W. Baird raised their target price on shares of Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $223.54.

Insider Activity at Broadcom

In other Broadcom news, Director Check Kian Low sold 48,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $235.35, for a total transaction of $11,296,800.00. Following the sale, the director now owns 113,050 shares of the company’s stock, valued at approximately $26,606,317.50. This represents a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 20,168 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the sale, the insider now directly owns 321,660 shares in the company, valued at $76,809,191.40. This trade represents a 5.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,278 shares of company stock worth $44,964,800 over the last three months. Company insiders own 2.00% of the company’s stock.

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.