50 Shares in Broadcom Inc. (NASDAQ:AVGO) Purchased by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. bought a new stake in shares of Broadcom Inc. (NASDAQ:AVGO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50 shares of the semiconductor manufacturer’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Schnieders Capital Management LLC bought a new position in Broadcom during the 4th quarter valued at about $682,000. Fountainhead AM LLC bought a new position in Broadcom during the 4th quarter valued at about $1,161,000. F M Investments LLC lifted its stake in Broadcom by 9.7% during the 4th quarter. F M Investments LLC now owns 681 shares of the semiconductor manufacturer’s stock valued at $760,000 after acquiring an additional 60 shares during the period. Yousif Capital Management LLC lifted its stake in Broadcom by 3.4% during the 4th quarter. Yousif Capital Management LLC now owns 60,786 shares of the semiconductor manufacturer’s stock valued at $67,852,000 after acquiring an additional 2,027 shares during the period. Finally, Weatherly Asset Management L. P. lifted its stake in Broadcom by 15.9% during the 4th quarter. Weatherly Asset Management L. P. now owns 393 shares of the semiconductor manufacturer’s stock valued at $439,000 after acquiring an additional 54 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AVGO. Mizuho upped their target price on shares of Broadcom from $1,450.00 to $1,550.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Rosenblatt Securities reissued a “buy” rating and issued a $1,500.00 price objective on shares of Broadcom in a report on Thursday, March 21st. StockNews.com downgraded shares of Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Benchmark reissued a “buy” rating and issued a $1,720.00 price objective on shares of Broadcom in a report on Thursday, March 21st. Finally, Cantor Fitzgerald raised their price objective on shares of Broadcom from $1,300.00 to $1,600.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and an average target price of $1,285.41.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 5,000 shares of Broadcom stock in a transaction on Monday, March 25th. The shares were sold at an average price of $1,344.00, for a total transaction of $6,720,000.00. Following the completion of the transaction, the insider now directly owns 16,575 shares of the company’s stock, valued at $22,276,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Broadcom news, Director Eddy W. Hartenstein sold 3,150 shares of Broadcom stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total transaction of $4,064,571.00. Following the completion of the transaction, the director now directly owns 4,643 shares of the company’s stock, valued at $5,991,048.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 5,000 shares of Broadcom stock in a transaction on Monday, March 25th. The stock was sold at an average price of $1,344.00, for a total transaction of $6,720,000.00. Following the transaction, the insider now directly owns 16,575 shares of the company’s stock, valued at $22,276,800. The disclosure for this sale can be found here. Insiders sold 29,920 shares of company stock valued at $40,306,667 over the last three months. 2.00% of the stock is owned by company insiders.

Broadcom Price Performance

Shares of AVGO stock traded up $24.73 on Tuesday, reaching $1,249.19. The company’s stock had a trading volume of 2,198,693 shares, compared to its average volume of 2,952,703. The stock’s fifty day simple moving average is $1,304.25 and its 200-day simple moving average is $1,128.64. Broadcom Inc. has a 1 year low of $601.29 and a 1 year high of $1,438.17. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $578.90 billion, a price-to-earnings ratio of 46.30, a price-to-earnings-growth ratio of 2.46 and a beta of 1.25.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share for the quarter, beating analysts’ consensus estimates of $8.95 by $2.04. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. The firm had revenue of $11.96 billion during the quarter, compared to analyst estimates of $11.79 billion. During the same period last year, the firm posted $9.83 earnings per share. Broadcom’s revenue for the quarter was up 34.2% compared to the same quarter last year. Analysts forecast that Broadcom Inc. will post 35.88 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were issued a $5.25 dividend. This represents a $21.00 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s dividend payout ratio (DPR) is presently 77.84%.

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.