30,067 Shares in Broadcom Inc. (NASDAQ:AVGO) Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in Broadcom Inc. (NASDAQ:AVGO) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 30,067 shares of the semiconductor manufacturer’s stock, valued at approximately $6,971,000. Broadcom makes up about 2.7% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 3rd largest position.

Other large investors also recently modified their holdings of the company. Oribel Capital Management LP purchased a new position in shares of Broadcom during the 4th quarter valued at approximately $3,385,000. Sepio Capital LP raised its holdings in Broadcom by 27.8% in the fourth quarter. Sepio Capital LP now owns 1,839 shares of the semiconductor manufacturer’s stock valued at $426,000 after acquiring an additional 400 shares in the last quarter. Ruggaard & Associates LLC bought a new position in Broadcom during the 4th quarter valued at $243,000. Darden Wealth Group Inc grew its holdings in Broadcom by 16.3% during the 4th quarter. Darden Wealth Group Inc now owns 22,025 shares of the semiconductor manufacturer’s stock worth $5,106,000 after acquiring an additional 3,085 shares in the last quarter. Finally, MIG Capital LLC bought a new stake in shares of Broadcom in the 4th quarter worth about $356,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Trading Down 5.0 %

Shares of AVGO stock opened at $146.29 on Friday. The firm has a market capitalization of $687.85 billion, a PE ratio of 119.32, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. 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 Inc. has a 1 year low of $119.76 and a 1 year high of $251.88. The stock has a fifty day moving average of $201.57 and a two-hundred day moving average of $196.19.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were given a $0.59 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $2.36 dividend on an annualized basis and a yield of 1.61%. Broadcom’s dividend payout ratio is presently 113.46%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 663,976 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $181.60, for a total transaction of $120,578,041.60. Following the completion of the transaction, the director now directly owns 38,798,721 shares of the company’s stock, valued at approximately $7,045,847,733.60. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Check Kian Low sold 48,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 113,050 shares in the company, valued at $26,606,317.50. This represents a 29.80 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 745,976 shares of company stock valued at $138,632,902. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AVGO shares. Robert W. Baird increased their price target on shares of Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Susquehanna increased their target price on Broadcom from $200.00 to $225.00 and gave the stock a “positive” rating in a report on Friday, December 13th. KeyCorp boosted their price target on Broadcom from $260.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Mizuho lowered their target price on shares of Broadcom from $260.00 to $250.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and a consensus target price of $231.48.

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.