Warwick Investment Management Inc. Acquires 275 Shares of Broadcom Inc. (NASDAQ:AVGO)

Warwick Investment Management Inc. boosted its holdings in Broadcom Inc. (NASDAQ:AVGO) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,174 shares of the semiconductor manufacturer’s stock after purchasing an additional 275 shares during the quarter. Warwick Investment Management Inc.’s holdings in Broadcom were worth $736,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Saturna Capital Corp increased its holdings in shares of Broadcom by 4.1% during the fourth quarter. Saturna Capital Corp now owns 1,530,665 shares of the semiconductor manufacturer’s stock valued at $354,869,000 after acquiring an additional 59,650 shares in the last quarter. PFG Advisors increased its holdings in shares of Broadcom by 23.4% during the fourth quarter. PFG Advisors now owns 37,261 shares of the semiconductor manufacturer’s stock valued at $8,639,000 after acquiring an additional 7,061 shares in the last quarter. Summit X LLC increased its holdings in shares of Broadcom by 2,767.4% during the fourth quarter. Summit X LLC now owns 8,172 shares of the semiconductor manufacturer’s stock valued at $1,895,000 after acquiring an additional 7,887 shares in the last quarter. Prosperity Wealth Management Inc. increased its holdings in shares of Broadcom by 6.1% during the fourth quarter. Prosperity Wealth Management Inc. now owns 2,544 shares of the semiconductor manufacturer’s stock valued at $590,000 after acquiring an additional 147 shares in the last quarter. Finally, Prosperity Financial Group Inc. increased its holdings in shares of Broadcom by 15.9% during the fourth quarter. Prosperity Financial Group Inc. now owns 11,209 shares of the semiconductor manufacturer’s stock valued at $2,599,000 after acquiring an additional 1,537 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Up 3.1 %

Shares of NASDAQ AVGO opened at $190.09 on Wednesday. Broadcom Inc. has a one year low of $119.76 and a one year high of $251.88. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The business’s fifty day moving average price is $220.42 and its 200-day moving average price is $193.44. The stock has a market capitalization of $893.79 billion, a PE ratio of 155.05, a P/E/G ratio of 2.29 and a beta of 1.01.

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

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 20th will be given a dividend of $0.59 per share. The ex-dividend date is Thursday, March 20th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.24%. Broadcom’s dividend payout ratio is presently 113.46%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AVGO shares. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of Broadcom in a report on Friday, March 7th. TD Cowen upped their price target on Broadcom from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Evercore ISI upped their price target on Broadcom from $201.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price target on Broadcom from $210.00 to $250.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Finally, Bank of America upped their price target on Broadcom from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, Broadcom currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.48.

Insider Activity

In other Broadcom news, Director Eddy W. Hartenstein sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the transaction, the director now directly owns 46,400 shares in the company, valued at $10,655,296. This represents a 7.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry L. You sold 6,540 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $240.00, for a total value of $1,569,600.00. Following the completion of the transaction, the director now owns 30,450 shares in the company, valued at $7,308,000. This represents a 17.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 191,278 shares of company stock valued at $44,964,800 in the last 90 days. Insiders own 2.00% of the company’s stock.

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.