We Are One Seven LLC lifted its holdings in Broadcom Inc (NASDAQ:AVGO) by 311.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,063 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,562 shares during the period. We Are One Seven LLC’s holdings in Broadcom were worth $620,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Accurate Investment Solutions Inc. acquired a new stake in Broadcom during the 4th quarter valued at $25,000. Ruggie Capital Group acquired a new stake in Broadcom during the 4th quarter valued at $25,000. AlphaOne Investment Services LLC acquired a new stake in Broadcom during the 4th quarter valued at $25,000. Advisors Preferred LLC acquired a new stake in Broadcom during the 4th quarter valued at $32,000. Finally, CX Institutional grew its holdings in Broadcom by 555.6% during the 1st quarter. CX Institutional now owns 118 shares of the semiconductor manufacturer’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. 86.93% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on AVGO shares. Morgan Stanley lowered their price target on shares of Broadcom from $265.00 to $261.00 and set an “equal weight” rating for the company in a report on Monday, January 7th. Mizuho raised their price target on shares of Broadcom from $295.00 to $305.00 and gave the company a “buy” rating in a report on Friday, March 15th. BidaskClub lowered shares of Broadcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 5th. JPMorgan Chase & Co. raised their price objective on shares of Broadcom from $325.00 to $365.00 in a report on Monday, March 18th. Finally, ValuEngine raised shares of Broadcom from a “hold” rating to a “buy” rating in a report on Monday, December 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $301.16.

In related news, SVP Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $304.51, for a total value of $3,045,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas H. Krause sold 14,494 shares of Broadcom stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $295.45, for a total transaction of $4,282,252.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,824 shares of company stock worth $25,189,319. Insiders own 3.30% of the company’s stock.

Broadcom stock opened at $307.51 on Thursday. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.14 and a current ratio of 1.27. Broadcom Inc has a 1 year low of $197.46 and a 1 year high of $307.77. The stock has a market capitalization of $120.12 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 1.42 and a beta of 0.68.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, March 14th. The semiconductor manufacturer reported $5.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.32 by $1.23. Broadcom had a net margin of 30.50% and a return on equity of 30.31%. The company had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period last year, the firm posted $5.12 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts expect that Broadcom Inc will post 17.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a $2.65 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $10.60 dividend on an annualized basis and a dividend yield of 3.45%. Broadcom’s payout ratio is currently 56.29%.

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Broadcom Company 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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