Dohj LLC Purchases New Stake in Broadcom Inc. (NASDAQ:AVGO)

Dohj LLC acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter, Holdings Channel reports. The firm acquired 512 shares of the semiconductor manufacturer’s stock, valued at approximately $572,000.

Several other large investors have also recently added to or reduced their stakes in AVGO. Stuart Chaussee & Associates Inc. bought a new position in Broadcom during the 4th quarter worth $25,000. PSI Advisors LLC increased its position in Broadcom by 66.7% during the 4th quarter. PSI Advisors LLC now owns 25 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 10 shares during the period. Macroview Investment Management LLC bought a new position in Broadcom during the 3rd quarter worth $29,000. BKM Wealth Management LLC acquired a new stake in shares of Broadcom during the 4th quarter worth $29,000. Finally, CKW Financial Group acquired a new stake in shares of Broadcom during the 4th quarter worth $30,000. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Benchmark reissued a “buy” rating and set a $1,720.00 target price on shares of Broadcom in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $1,500.00 target price on shares of Broadcom in a report on Monday, April 8th. Cantor Fitzgerald increased their target price on Broadcom from $1,300.00 to $1,600.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Evercore ISI assumed coverage on Broadcom in a report on Tuesday, April 16th. They set an “outperform” rating and a $1,620.00 target price on the stock. Finally, Rosenblatt Securities reissued a “buy” rating and set a $1,500.00 target price on shares of Broadcom in a report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,285.41.

Broadcom Trading Up 3.8 %

Shares of AVGO stock traded up $49.65 during mid-day trading on Friday, reaching $1,344.07. 2,409,983 shares of the stock traded hands, compared to its average volume of 2,322,994. The stock’s fifty day simple moving average is $1,306.70 and its two-hundred day simple moving average is $1,135.99. Broadcom Inc. has a 1-year low of $601.29 and a 1-year high of $1,438.17. The company has a market cap of $622.87 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of 2.74 and a beta of 1.25. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.05.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, beating analysts’ consensus estimates of $8.95 by $2.04. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The firm had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. During the same period last year, the firm posted $9.83 earnings per share. The business’s revenue for the quarter was up 34.2% on a year-over-year basis. On average, research analysts anticipate that Broadcom Inc. will post 35.96 EPS for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a dividend of $5.25 per share. The ex-dividend date was Wednesday, March 20th. This represents a $21.00 dividend on an annualized basis and a dividend yield of 1.56%. Broadcom’s dividend payout ratio (DPR) is 77.84%.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total transaction of $2,624,500.00. Following the completion of the transaction, the chief executive officer now directly owns 168,096 shares in the company, valued at $220,583,976. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Broadcom news, CEO Hock E. Tan sold 2,000 shares of Broadcom stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $1,312.25, for a total value of $2,624,500.00. Following the completion of the sale, the chief executive officer now directly owns 168,096 shares in the company, valued at $220,583,976. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark David Brazeal sold 2,500 shares of Broadcom stock in a transaction that occurred 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 completion of the sale, the insider now owns 46,974 shares of the company’s stock, valued at $61,957,296.78. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock worth $40,306,667 over the last ninety days. 2.00% of the stock is owned by insiders.

Broadcom Company 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.