Mather Group LLC. Has $11.04 Million Stake in Broadcom Inc. (NASDAQ:AVGO)

Mather Group LLC. cut its holdings in Broadcom Inc. (NASDAQ:AVGO) by 7.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,609 shares of the semiconductor manufacturer’s stock after selling 3,933 shares during the period. Mather Group LLC.’s holdings in Broadcom were worth $11,038,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Welch Group LLC grew its holdings in Broadcom by 814.0% in the 4th quarter. Welch Group LLC now owns 16,863 shares of the semiconductor manufacturer’s stock valued at $3,973,000 after buying an additional 15,018 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in shares of Broadcom by 8.0% in the fourth quarter. Brown Lisle Cummings Inc. now owns 2,755 shares of the semiconductor manufacturer’s stock valued at $639,000 after acquiring an additional 205 shares during the period. Pennsylvania Capital Management Inc. ADV acquired a new stake in shares of Broadcom in the fourth quarter worth $453,000. Commonwealth Financial Services LLC increased its position in Broadcom by 14.8% during the fourth quarter. Commonwealth Financial Services LLC now owns 7,732 shares of the semiconductor manufacturer’s stock worth $1,793,000 after acquiring an additional 997 shares during the period. Finally, Tandem Capital Management Corp ADV acquired a new position in Broadcom during the 4th quarter valued at $218,000. 76.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays raised their price target on shares of Broadcom from $205.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. TD Cowen boosted their price target on Broadcom from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Susquehanna raised their price objective on Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on Broadcom from $210.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, UBS Group upped their target price on Broadcom from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.04.

Insider Transactions at Broadcom

In other news, Director Check Kian Low sold 48,000 shares of Broadcom stock in a transaction that occurred 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 completion of the sale, the director now owns 113,050 shares in the company, valued at $26,606,317.50. The trade was a 29.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eddy W. Hartenstein sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were 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. This represents a 7.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,278 shares of company stock worth $44,964,800 over the last 90 days. 2.00% of the stock is owned by insiders.

Broadcom Stock Down 0.3 %

Shares of NASDAQ AVGO opened at $231.36 on Friday. Broadcom Inc. has a 12-month low of $119.76 and a 12-month high of $251.88. The firm’s 50-day simple moving average is $217.07 and its 200 day simple moving average is $183.40. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.08 trillion, a price-to-earnings ratio of 188.71, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02.

Broadcom (NASDAQ:AVGO) last announced its earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $14.05 billion for the quarter, compared to analyst estimates of $14.07 billion. Broadcom had a net margin of 11.43% and a return on equity of 28.00%. Broadcom’s quarterly revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. On average, research analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.59 dividend. This is a boost from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is 192.50%.

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.