Broadcom Inc. (NASDAQ:AVGO) Shares Sold by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. reduced its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 145,594 shares of the semiconductor manufacturer's stock after selling 5,776 shares during the quarter. Broadcom comprises about 3.2% of China Universal Asset Management Co. Ltd.'s investment portfolio, making the stock its 5th largest holding. China Universal Asset Management Co. Ltd.'s holdings in Broadcom were worth $33,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of AVGO. AMF Tjanstepension AB raised its position in Broadcom by 856.9% in the 3rd quarter. AMF Tjanstepension AB now owns 1,014,616 shares of the semiconductor manufacturer's stock worth $175,101,000 after purchasing an additional 908,585 shares during the last quarter. Czech National Bank raised its position in shares of Broadcom by 1,042.3% during the 3rd quarter. Czech National Bank now owns 948,249 shares of the semiconductor manufacturer's stock valued at $163,573,000 after acquiring an additional 865,238 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Broadcom by 1,136.4% in the 3rd quarter. GAMMA Investing LLC now owns 85,610 shares of the semiconductor manufacturer's stock valued at $14,768,000 after purchasing an additional 78,686 shares during the period. WealthBridge Capital Management LLC boosted its position in shares of Broadcom by 986.0% in the 3rd quarter. WealthBridge Capital Management LLC now owns 3,801 shares of the semiconductor manufacturer's stock worth $656,000 after purchasing an additional 3,451 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its stake in shares of Broadcom by 806.0% during the third quarter. Azzad Asset Management Inc. ADV now owns 36,774 shares of the semiconductor manufacturer's stock worth $6,344,000 after purchasing an additional 32,715 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, Director Eddy W. Hartenstein sold 4,000 shares of the company's stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the transaction, the director now directly owns 46,400 shares of the company's stock, valued at $10,655,296. This represents a 7.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 20,168 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $238.79, for a total value of $4,815,916.72. Following the transaction, the insider now owns 321,660 shares in the company, valued at $76,809,191.40. The trade was a 5.90 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 191,278 shares of company stock worth $44,964,800. 2.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AVGO. Robert W. Baird raised their target price on Broadcom from $195.00 to $210.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Susquehanna lifted their price objective on shares of Broadcom from $200.00 to $225.00 and gave the stock a "positive" rating in a research note on Friday, December 13th. JPMorgan Chase & Co. upped their target price on shares of Broadcom from $210.00 to $250.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Mizuho lifted their price target on shares of Broadcom from $245.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 10th. Finally, TD Cowen upped their price objective on shares of Broadcom from $210.00 to $240.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $225.04.

Broadcom Stock Performance

Shares of Broadcom stock traded down $6.49 during trading on Friday, hitting $224.87. 22,084,864 shares of the stock were exchanged, compared to its average volume of 30,350,260. Broadcom Inc. has a 1-year low of $119.76 and a 1-year high of $251.88. The stock has a market capitalization of $1.05 trillion, a price-to-earnings ratio of 183.42, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company has a fifty day moving average price of $218.50 and a 200-day moving average price of $183.74. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.03. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. The firm had revenue of $14.05 billion for the quarter, compared to the consensus estimate of $14.07 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The business's revenue was up 51.2% compared to the same quarter last year. As a group, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were given a $0.59 dividend. The ex-dividend date was Monday, December 23rd. This is a positive change from Broadcom's previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 1.05%. Broadcom's dividend payout ratio is presently 192.50%.

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.