Integral Investment Advisors Inc. Invests $205,000 in Broadcom Inc. (NASDAQ:AVGO)

Integral Investment Advisors Inc. acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 184 shares of the semiconductor manufacturer’s stock, valued at approximately $205,000.

A number of other hedge funds also recently made changes to their positions in the stock. Tilt Investment Management Holdings PBC purchased a new stake in Broadcom in the 4th quarter worth $2,024,000. Cambridge Trust Co. boosted its stake in shares of Broadcom by 0.6% in the fourth quarter. Cambridge Trust Co. now owns 42,460 shares of the semiconductor manufacturer’s stock worth $47,396,000 after acquiring an additional 261 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Broadcom by 30.6% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 47 shares of the semiconductor manufacturer’s stock worth $52,000 after acquiring an additional 11 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its position in shares of Broadcom by 3.8% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 567 shares of the semiconductor manufacturer’s stock worth $633,000 after purchasing an additional 21 shares in the last quarter. Finally, CapWealth Advisors LLC bought a new stake in Broadcom during the 4th quarter valued at approximately $236,000. 76.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Broadcom news, Director Justine Page sold 110 shares of Broadcom stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $1,323.00, for a total value of $145,530.00. Following the transaction, the director now owns 3,125 shares in the company, valued at $4,134,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kenneth Hao sold 9,160 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,388.13, for a total transaction of $12,715,270.80. Following the completion of the sale, the director now owns 45 shares of the company’s stock, valued at $62,465.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Justine Page sold 110 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $1,323.00, for a total transaction of $145,530.00. Following the completion of the sale, the director now owns 3,125 shares of the company’s stock, valued at $4,134,375. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock worth $40,306,667 in the last three months. 2.00% of the stock is owned by insiders.

Broadcom Stock Down 1.5 %

Shares of AVGO stock traded down $19.88 on Thursday, hitting $1,262.75. The stock had a trading volume of 1,488,193 shares, compared to its average volume of 2,933,378. 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 Inc. has a one year low of $601.29 and a one year high of $1,438.17. The business has a 50 day moving average price of $1,307.00 and a 200 day moving average price of $1,115.19. The company has a market cap of $585.18 billion, a PE ratio of 47.70, a P/E/G ratio of 2.71 and a beta of 1.25.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.95 by $2.04. The firm had revenue of $11.96 billion for the quarter, compared to the consensus estimate of $11.79 billion. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. The company’s quarterly revenue was up 34.2% on a year-over-year basis. During the same period last year, the firm earned $9.83 earnings per share. Research analysts anticipate that Broadcom Inc. will post 35.88 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a $5.25 dividend. This represents a $21.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s payout ratio is 77.84%.

Wall Street Analyst Weigh In

AVGO has been the subject of several recent analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a $1,700.00 price target on shares of Broadcom in a research note on Thursday, March 21st. Cantor Fitzgerald raised their target price on shares of Broadcom from $1,300.00 to $1,600.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Oppenheimer reiterated an “outperform” rating and issued a $1,500.00 price target (up previously from $1,100.00) on shares of Broadcom in a research note on Friday, March 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $1,500.00 target price on shares of Broadcom in a research report on Monday, April 8th. Finally, Rosenblatt Securities restated a “buy” rating and set a $1,500.00 price target on shares of Broadcom in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,285.41.

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.