Crew Capital Management Ltd. Invests $239,000 in Broadcom Inc. (NASDAQ:AVGO)

Crew Capital Management Ltd. purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 214 shares of the semiconductor manufacturer’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PDS Planning Inc boosted its stake in Broadcom by 2.5% during the 3rd quarter. PDS Planning Inc now owns 1,618 shares of the semiconductor manufacturer’s stock valued at $1,344,000 after purchasing an additional 40 shares in the last quarter. Cavalier Investments LLC boosted its stake in Broadcom by 3.7% during the 3rd quarter. Cavalier Investments LLC now owns 1,969 shares of the semiconductor manufacturer’s stock valued at $1,635,000 after purchasing an additional 70 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Broadcom by 9.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 99,621 shares of the semiconductor manufacturer’s stock valued at $82,743,000 after purchasing an additional 8,644 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in Broadcom by 2.4% during the 3rd quarter. FAS Wealth Partners Inc. now owns 3,960 shares of the semiconductor manufacturer’s stock valued at $3,289,000 after purchasing an additional 93 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in Broadcom by 8.7% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 45,098 shares of the semiconductor manufacturer’s stock valued at $37,457,000 after purchasing an additional 3,618 shares in the last quarter. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Broadcom news, insider Mark David Brazeal sold 2,500 shares of Broadcom stock in a transaction that occurred on Wednesday, April 10th. The stock was sold at an average price of $1,316.46, for a total transaction of $3,291,150.00. Following the sale, the insider now directly owns 41,974 shares of the company’s stock, valued at $55,257,092.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Charlie B. Kawwas sold 5,000 shares of Broadcom stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $1,344.00, for a total value of $6,720,000.00. Following the completion of the transaction, the insider now owns 16,575 shares in the company, valued at $22,276,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 2,500 shares of Broadcom stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $1,316.46, for a total transaction of $3,291,150.00. Following the completion of the transaction, the insider now owns 41,974 shares of the company’s stock, valued at approximately $55,257,092.04. The disclosure for this sale can be found here. Insiders have sold a total of 29,920 shares of company stock valued at $40,306,667 over the last three months. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Performance

Shares of NASDAQ:AVGO traded down $5.45 during midday trading on Monday, hitting $1,338.62. The company’s stock had a trading volume of 1,336,653 shares, compared to its average volume of 2,915,600. The stock has a market capitalization of $620.34 billion, a price-to-earnings ratio of 49.58, a PEG ratio of 2.74 and a beta of 1.25. The stock’s 50 day simple moving average is $1,306.70 and its 200 day simple moving average is $1,137.84. Broadcom Inc. has a fifty-two week low of $601.29 and a fifty-two week high of $1,438.17. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.24 and a current ratio of 1.34.

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

Broadcom Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a dividend of $5.25 per share. This represents a $21.00 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, March 20th. Broadcom’s dividend payout ratio (DPR) is presently 77.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Evercore ISI assumed coverage on Broadcom in a research note on Tuesday, April 16th. They set an “outperform” rating and a $1,620.00 price objective for the company. Mizuho raised their price objective on Broadcom from $1,450.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. StockNews.com lowered Broadcom from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Susquehanna raised their price objective on Broadcom from $1,400.00 to $1,550.00 and gave the stock a “positive” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $1,700.00 target price on shares of Broadcom in a report on Thursday, March 21st. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,285.41.

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.