5,475 Shares in Broadcom Inc. (NASDAQ:AVGO) Purchased by Guardian Partners Inc.

Guardian Partners Inc. bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,475 shares of the semiconductor manufacturer’s stock, valued at approximately $1,255,000.

A number of other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Broadcom during the fourth quarter worth about $353,204,000. Knights of Columbus Asset Advisors LLC grew its position in Broadcom by 1.1% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 80,674 shares of the semiconductor manufacturer’s stock worth $18,704,000 after buying an additional 862 shares in the last quarter. Marietta Investment Partners LLC grew its position in Broadcom by 2.2% during the fourth quarter. Marietta Investment Partners LLC now owns 24,948 shares of the semiconductor manufacturer’s stock worth $5,784,000 after buying an additional 538 shares in the last quarter. Umpqua Bank acquired a new stake in Broadcom during the fourth quarter worth about $369,000. Finally, Intellus Advisors LLC acquired a new stake in Broadcom during the fourth quarter worth about $13,093,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In other news, CEO Hock E. Tan sold 45,000 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $239.96, for a total value of $10,798,200.00. Following the completion of the transaction, the chief executive officer now owns 842,836 shares of the company’s stock, valued at $202,246,926.56. The trade was a 5.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Diane M. Bryant sold 15,000 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $226.68, for a total transaction of $3,400,200.00. Following the completion of the transaction, the director now directly owns 6,460 shares of the company’s stock, valued at $1,464,352.80. This trade represents a 69.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 172,168 shares of company stock worth $40,508,877. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AVGO shares. Hsbc Global Res raised Broadcom to a “hold” rating in a report on Tuesday, December 3rd. Benchmark reaffirmed a “buy” rating and set a $255.00 price objective on shares of Broadcom in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on Broadcom from $190.00 to $240.00 and gave the company a “buy” rating in a report on Friday, December 13th. Robert W. Baird lifted their price objective on Broadcom from $195.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Piper Sandler lifted their price objective on Broadcom from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $231.48.

Broadcom Stock Performance

Shares of Broadcom stock opened at $191.66 on Friday. The firm has a fifty day moving average of $214.38 and a two-hundred day moving average of $195.08. The stock has a market capitalization of $901.18 billion, a price-to-earnings ratio of 156.33, a PEG ratio of 2.29 and a beta of 1.01. Broadcom Inc. has a 52 week low of $119.76 and a 52 week high of $251.88. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 20th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Thursday, March 20th. Broadcom’s payout ratio is 113.46%.

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.