Capital City Trust Co. FL boosted its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 11.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,534 shares of the semiconductor manufacturer’s stock after buying an additional 471 shares during the period. Capital City Trust Co. FL’s holdings in Broadcom were worth $1,119,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Marcus Capital LLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $364,000. BP PLC acquired a new stake in shares of Broadcom in the second quarter valued at approximately $12,135,000. Wesbanco Bank Inc. acquired a new stake in shares of Broadcom in the second quarter valued at approximately $19,879,000. Sigma Investment Counselors Inc. acquired a new stake in shares of Broadcom in the second quarter valued at approximately $286,000. Finally, KBC Group NV acquired a new stake in shares of Broadcom in the second quarter valued at approximately $10,500,000. Hedge funds and other institutional investors own 88.01% of the company’s stock.

Shares of NASDAQ:AVGO traded down $8.75 during midday trading on Thursday, hitting $228.42. The stock had a trading volume of 53,875 shares, compared to its average volume of 4,254,872. Broadcom Inc has a 12 month low of $197.46 and a 12 month high of $285.68. The company has a current ratio of 3.98, a quick ratio of 3.42 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $102.01 billion, a PE ratio of 16.31, a P/E/G ratio of 1.02 and a beta of 0.89.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 6th. The semiconductor manufacturer reported $4.98 EPS for the quarter, topping the Zacks’ consensus estimate of $4.82 by $0.16. Broadcom had a net margin of 58.18% and a return on equity of 28.54%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.06 billion. During the same period in the previous year, the business posted $4.10 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts predict that Broadcom Inc will post 18.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Wednesday, September 19th were given a dividend of $1.75 per share. The ex-dividend date was Tuesday, September 18th. This represents a $7.00 dividend on an annualized basis and a yield of 3.06%. Broadcom’s dividend payout ratio (DPR) is 48.95%.

In other Broadcom news, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction on Monday, September 17th. The shares were sold at an average price of $238.62, for a total transaction of $4,772,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kirsten M. Spears sold 1,194 shares of Broadcom stock in a transaction on Friday, September 28th. The stock was sold at an average price of $246.52, for a total transaction of $294,344.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,194 shares of company stock valued at $13,785,345. Company insiders own 3.30% of the company’s stock.

A number of analysts have recently issued reports on AVGO shares. BidaskClub downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Nomura upgraded shares of Broadcom from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $225.00 to $300.00 in a report on Monday, September 17th. ValuEngine downgraded shares of Broadcom from a “sell” rating to a “strong sell” rating in a report on Thursday, July 12th. Goldman Sachs Group downgraded shares of Broadcom from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $300.00 to $220.00 in a report on Wednesday, July 18th. Finally, UBS Group lowered their price objective on shares of Broadcom from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have given a buy rating to the company’s stock. Broadcom has an average rating of “Buy” and an average price target of $290.77.

Broadcom Profile

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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