Roberts Wealth Advisors LLC Has $482,000 Stock Position in Broadcom Inc. (NASDAQ:AVGO)

Roberts Wealth Advisors LLC cut its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,115 shares of the semiconductor manufacturer’s stock after selling 305 shares during the period. Roberts Wealth Advisors LLC’s holdings in Broadcom were worth $482,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Broadcom by 9.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 655,429 shares of the semiconductor manufacturer’s stock valued at $151,955,000 after buying an additional 56,728 shares during the period. Wall Street Financial Group Inc. bought a new stake in Broadcom during the 4th quarter worth approximately $317,000. Atomi Financial Group Inc. increased its position in Broadcom by 15.6% in the 4th quarter. Atomi Financial Group Inc. now owns 50,287 shares of the semiconductor manufacturer’s stock valued at $11,658,000 after acquiring an additional 6,782 shares during the period. Monterey Private Wealth Inc. raised its stake in shares of Broadcom by 14.8% during the fourth quarter. Monterey Private Wealth Inc. now owns 2,732 shares of the semiconductor manufacturer’s stock valued at $633,000 after acquiring an additional 353 shares during the last quarter. Finally, Transform Wealth LLC lifted its holdings in shares of Broadcom by 5.5% during the fourth quarter. Transform Wealth LLC now owns 181,972 shares of the semiconductor manufacturer’s stock worth $42,188,000 after purchasing an additional 9,505 shares during the period. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Performance

AVGO opened at $240.28 on Friday. Broadcom Inc. has a 1-year low of $117.43 and a 1-year high of $251.88. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 195.99, a PEG ratio of 2.51 and a beta of 1.03. The company’s fifty day moving average price is $205.81 and its two-hundred day moving average price is $179.64. 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 (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The firm had revenue of $14.05 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. The business’s revenue was up 51.2% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. On average, analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.59 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is currently 192.50%.

Insider Activity

In related news, insider Mark David Brazeal sold 20,168 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 321,660 shares of the company’s stock, valued at $76,809,191.40. This trade represents a 5.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Hock E. Tan sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $239.96, for a total transaction of $10,798,200.00. Following the transaction, the chief executive officer now directly owns 842,836 shares in the company, valued at $202,246,926.56. The trade was a 5.07 % decrease in their ownership of the stock. 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. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent research reports. Cantor Fitzgerald increased their price objective on Broadcom from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Citigroup increased their price target on Broadcom from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Hsbc Global Res raised Broadcom to a “hold” rating in a research note on Tuesday, December 3rd. Benchmark reissued a “buy” rating and set a $255.00 target price (up previously from $210.00) on shares of Broadcom in a research report on Friday, December 13th. Finally, TD Cowen raised their price target on shares of Broadcom from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $225.83.

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.