Moody Lynn & Lieberson LLC Has $90.04 Million Holdings in Broadcom Inc. (NASDAQ:AVGO)

Moody Lynn & Lieberson LLC increased its position in Broadcom Inc. (NASDAQ:AVGO) by 798.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 521,994 shares of the semiconductor manufacturer’s stock after purchasing an additional 463,914 shares during the period. Broadcom accounts for 5.5% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its biggest position. Moody Lynn & Lieberson LLC’s holdings in Broadcom were worth $90,044,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kowal Investment Group LLC increased its stake in shares of Broadcom by 9.4% in the 1st quarter. Kowal Investment Group LLC now owns 850 shares of the semiconductor manufacturer’s stock worth $1,127,000 after acquiring an additional 73 shares in the last quarter. Little House Capital LLC increased its stake in shares of Broadcom by 22.6% during the first quarter. Little House Capital LLC now owns 4,205 shares of the semiconductor manufacturer’s stock valued at $5,573,000 after purchasing an additional 774 shares in the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Broadcom by 5.6% during the first quarter. Miracle Mile Advisors LLC now owns 4,611 shares of the semiconductor manufacturer’s stock valued at $6,111,000 after purchasing an additional 244 shares during the last quarter. CCG Wealth Management LLC boosted its position in shares of Broadcom by 13.5% in the 1st quarter. CCG Wealth Management LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $278,000 after purchasing an additional 25 shares in the last quarter. Finally, Claro Advisors LLC grew its stake in shares of Broadcom by 39.6% in the 1st quarter. Claro Advisors LLC now owns 3,700 shares of the semiconductor manufacturer’s stock worth $4,904,000 after buying an additional 1,050 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $163.37, for a total value of $8,168,500.00. Following the transaction, the chief executive officer now directly owns 1,331,910 shares in the company, valued at $217,594,136.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Hock E. Tan sold 50,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $163.37, for a total transaction of $8,168,500.00. Following the sale, the chief executive officer now owns 1,331,910 shares of the company’s stock, valued at approximately $217,594,136.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hock E. Tan sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $172.94, for a total value of $25,941,000.00. Following the completion of the transaction, the chief executive officer now owns 1,181,910 shares of the company’s stock, valued at $204,399,515.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 311,080 shares of company stock valued at $53,540,590. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several analyst reports. Benchmark reissued a “buy” rating and issued a $210.00 target price on shares of Broadcom in a report on Friday, September 6th. The Goldman Sachs Group increased their price objective on shares of Broadcom from $185.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, September 6th. StockNews.com cut shares of Broadcom from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Oppenheimer reduced their price target on shares of Broadcom from $2,000.00 to $200.00 and set an “outperform” rating for the company in a research report on Tuesday, July 16th. Finally, Morgan Stanley upped their price objective on Broadcom from $176.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Broadcom has a consensus rating of “Moderate Buy” and a consensus target price of $191.54.

Broadcom Stock Performance

NASDAQ:AVGO opened at $173.00 on Monday. The stock has a 50-day simple moving average of $168.18 and a two-hundred day simple moving average of $154.68. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.94 and a current ratio of 1.04. Broadcom Inc. has a 52-week low of $81.83 and a 52-week high of $186.42. The firm has a market capitalization of $805.29 billion, a PE ratio of 7.44, a P/E/G ratio of 2.99 and a beta of 1.17.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, September 5th. The semiconductor manufacturer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Broadcom had a net margin of 10.88% and a return on equity of 30.12%. The company had revenue of $13.07 billion during the quarter, compared to analyst estimates of $12.98 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 47.3% compared to the same quarter last year. Analysts forecast that Broadcom Inc. will post 3.78 EPS for the current year.

Broadcom Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 19th were paid a dividend of $0.53 per share. This is a boost from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.23%. Broadcom’s payout ratio is 9.12%.

About Broadcom

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.