Nisa Investment Advisors LLC decreased its stake in shares of Broadcom Ltd (NASDAQ:AVGO) by 1.5% during the 4th quarter, Holdings Channel reports. The firm owned 101,328 shares of the semiconductor manufacturer’s stock after selling 1,505 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Broadcom were worth $26,031,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AVGO. Bristol Advisors LLC bought a new position in Broadcom in the fourth quarter worth about $1,618,000. Appleton Partners Inc. MA lifted its holdings in Broadcom by 7.2% in the fourth quarter. Appleton Partners Inc. MA now owns 21,812 shares of the semiconductor manufacturer’s stock worth $5,604,000 after acquiring an additional 1,461 shares during the last quarter. Daiwa SB Investments Ltd. lifted its holdings in Broadcom by 0.7% in the fourth quarter. Daiwa SB Investments Ltd. now owns 39,430 shares of the semiconductor manufacturer’s stock worth $10,130,000 after acquiring an additional 280 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its holdings in Broadcom by 15.4% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 26,302 shares of the semiconductor manufacturer’s stock worth $6,757,000 after acquiring an additional 3,508 shares during the last quarter. Finally, Rockland Trust Co. bought a new position in Broadcom in the fourth quarter worth about $329,000. 88.48% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Ltd (AVGO) traded up $0.79 during midday trading on Friday, hitting $264.29. 1,980,000 shares of the company were exchanged, compared to its average volume of 3,180,000. Broadcom Ltd has a fifty-two week low of $175.40 and a fifty-two week high of $285.68. The company has a quick ratio of 5.68, a current ratio of 6.26 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $107,820.00, a price-to-earnings ratio of 67.25, a PEG ratio of 1.16 and a beta of 1.04.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Wednesday, December 6th. The semiconductor manufacturer reported $4.59 EPS for the quarter, beating the Zacks’ consensus estimate of $4.52 by $0.07. Broadcom had a net margin of 10.18% and a return on equity of 28.64%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the business earned $3.47 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. analysts forecast that Broadcom Ltd will post 16.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, December 18th. This is a positive change from Broadcom’s previous quarterly dividend of $1.02. Broadcom’s dividend payout ratio (DPR) is currently 178.12%.

A number of equities analysts have issued reports on the stock. BidaskClub cut shares of Broadcom from a “hold” rating to a “sell” rating in a report on Thursday. Vetr cut shares of Broadcom from a “buy” rating to a “hold” rating and set a $273.40 target price on the stock. in a report on Wednesday. Oppenheimer reissued a “buy” rating on shares of Broadcom in a report on Friday, December 15th. Mizuho reissued a “buy” rating and issued a $310.00 target price on shares of Broadcom in a report on Thursday, December 14th. Finally, Nomura raised their target price on shares of Broadcom to $330.00 and gave the stock a “buy” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $302.66.

In related news, SVP Bryan Ingram sold 794 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $258.60, for a total transaction of $205,328.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Hock E. Tan sold 789 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $264.38, for a total transaction of $208,595.82. The disclosure for this sale can be found here. Insiders have sold 86,674 shares of company stock worth $22,311,790 in the last quarter. Company insiders own 3.60% of the company’s stock.

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About Broadcom

Broadcom Limited is a designer, developer and global supplier of a range of semiconductor devices with a focus on digital and mixed signal complementary metal oxide semiconductor (CMOS)-based devices and analog III-V based products. 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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