Broadcom Inc. (NASDAQ:AVGO) Shares Acquired by Stokes Family Office LLC

Stokes Family Office LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,830 shares of the semiconductor manufacturer’s stock after purchasing an additional 150 shares during the period. Stokes Family Office LLC’s holdings in Broadcom were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Platinum Investment Management Ltd. lifted its stake in shares of Broadcom by 35.9% in the 4th quarter. Platinum Investment Management Ltd. now owns 527,301 shares of the semiconductor manufacturer’s stock valued at $122,249,000 after purchasing an additional 139,433 shares during the last quarter. West Tower Group LLC lifted its stake in shares of Broadcom by 42.9% in the 4th quarter. West Tower Group LLC now owns 1,000 shares of the semiconductor manufacturer’s stock valued at $232,000 after purchasing an additional 300 shares during the last quarter. Saiph Capital LLC acquired a new position in shares of Broadcom in the 4th quarter valued at $285,000. Brooklyn FI LLC acquired a new position in shares of Broadcom in the 4th quarter valued at $3,561,000. Finally, Boston Partners lifted its stake in shares of Broadcom by 17.7% in the 4th quarter. Boston Partners now owns 36,391 shares of the semiconductor manufacturer’s stock valued at $8,437,000 after purchasing an additional 5,460 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Down 3.0 %

NASDAQ:AVGO opened at $188.67 on Wednesday. The stock’s 50 day moving average price is $216.48 and its 200 day moving average price is $194.61. The company has a market capitalization of $887.12 billion, a PE ratio of 153.89, a P/E/G ratio of 2.29 and a beta of 1.01. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. Broadcom Inc. has a 52-week low of $119.76 and a 52-week high of $251.88.

Broadcom Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $2.36 dividend on an annualized basis and a yield of 1.25%. Broadcom’s payout ratio is 113.46%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AVGO shares. Bank of America increased their target price on Broadcom from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Robert W. Baird upped their price target on Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Jefferies Financial Group upped their price target on Broadcom from $205.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Hsbc Global Res upgraded Broadcom to a “hold” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler upped their price target on Broadcom from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and an average price target of $231.48.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 20,168 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $238.79, for a total transaction of $4,815,916.72. Following the completion of the sale, the insider now directly owns 321,660 shares of the company’s stock, valued at approximately $76,809,191.40. This trade represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Check Kian Low sold 48,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $235.35, for a total value of $11,296,800.00. Following the sale, the director now directly owns 113,050 shares of the company’s stock, valued at $26,606,317.50. The trade was a 29.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,738 shares of company stock valued at $43,395,200. 2.00% of the stock is owned by company insiders.

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.