Unigestion Holding SA Has $2.17 Million Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Unigestion Holding SA decreased its holdings in shares of Broadcom Inc. (NASDAQ:AVGOFree Report) by 54.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,945 shares of the semiconductor manufacturer’s stock after selling 2,352 shares during the quarter. Unigestion Holding SA’s holdings in Broadcom were worth $2,171,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Humankind Investments LLC increased its position in shares of Broadcom by 6.7% in the fourth quarter. Humankind Investments LLC now owns 414 shares of the semiconductor manufacturer’s stock worth $462,000 after purchasing an additional 26 shares during the period. KPP Advisory Services LLC increased its position in shares of Broadcom by 1.9% in the fourth quarter. KPP Advisory Services LLC now owns 479 shares of the semiconductor manufacturer’s stock worth $535,000 after purchasing an additional 9 shares during the period. Albar Capital Ltd increased its position in shares of Broadcom by 133.1% in the fourth quarter. Albar Capital Ltd now owns 1,949 shares of the semiconductor manufacturer’s stock worth $2,176,000 after purchasing an additional 1,113 shares during the period. Elo Mutual Pension Insurance Co increased its position in shares of Broadcom by 12.2% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 38,745 shares of the semiconductor manufacturer’s stock worth $43,249,000 after purchasing an additional 4,205 shares during the period. Finally, Intrepid Capital Management Inc. increased its position in shares of Broadcom by 11.8% in the fourth quarter. Intrepid Capital Management Inc. now owns 236 shares of the semiconductor manufacturer’s stock worth $263,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Trading Up 2.4 %

NASDAQ AVGO opened at $1,440.47 on Tuesday. The firm has a market capitalization of $667.54 billion, a P/E ratio of 53.39, a PEG ratio of 2.81 and a beta of 1.17. The business has a fifty day simple moving average of $1,339.88 and a 200 day simple moving average of $1,237.25. Broadcom Inc. has a 12 month low of $795.09 and a 12 month high of $1,449.05. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.05.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AVGO shares. Evercore ISI started coverage on Broadcom in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,620.00 target price on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $1,700.00 target price on shares of Broadcom in a research report on Thursday, March 21st. Mizuho lifted their target price on Broadcom from $1,450.00 to $1,550.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. TD Cowen upgraded Broadcom from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $1,400.00 to $1,500.00 in a research report on Thursday, March 21st. Finally, Citigroup restated a “buy” rating and set a $1,560.00 price target on shares of Broadcom in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, Broadcom presently has an average rating of “Moderate Buy” and an average target price of $1,371.04.

View Our Latest Report on Broadcom

Insider Activity at Broadcom

In other news, insider Mark David Brazeal sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $1,318.97, for a total transaction of $3,297,425.00. Following the completion of the sale, the insider now directly owns 46,974 shares of the company’s stock, valued at approximately $61,957,296.78. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Kenneth Hao sold 9,160 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,388.13, for a total transaction of $12,715,270.80. Following the completion of the transaction, the director now owns 45 shares in the company, valued at approximately $62,465.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark David Brazeal sold 2,500 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $1,318.97, for a total value of $3,297,425.00. Following the transaction, the insider now owns 46,974 shares of the company’s stock, valued at approximately $61,957,296.78. The disclosure for this sale can be found here. In the last three months, insiders sold 26,770 shares of company stock valued at $36,242,096. 2.00% of the stock is owned by insiders.

Broadcom Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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