Broadcom (NASDAQ:AVGO) Shares Down 0.1%

Shares of Broadcom Inc. (NASDAQ:AVGO - Get Free Report) were down 0.1% during mid-day trading on Tuesday . The stock traded as low as $1,302.46 and last traded at $1,309.59. Approximately 343,813 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 2,861,364 shares. The stock had previously closed at $1,310.31.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald boosted 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. Barclays boosted their price target on Broadcom from $1,405.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Wednesday, April 17th. Susquehanna raised their price objective on shares of Broadcom from $1,400.00 to $1,550.00 and gave the stock a "positive" rating in a report on Wednesday, February 28th. Evercore ISI started coverage on shares of Broadcom in a report on Tuesday, April 16th. They set an "outperform" rating and a $1,620.00 target price for the company. Finally, Mizuho lifted their price target on shares of Broadcom from $1,450.00 to $1,550.00 and gave the stock a "buy" rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,285.41.

Broadcom Stock Down 0.5 %

The firm has a market cap of $603.89 billion, a P/E ratio of 48.30, a price-to-earnings-growth ratio of 2.60 and a beta of 1.25. The company's 50-day simple moving average is $1,308.82 and its 200 day simple moving average is $1,157.75. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.34 and a quick ratio of 1.24.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS 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 the consensus estimate of $11.79 billion. During the same quarter last year, the firm earned $9.83 EPS. The firm's revenue for the quarter was up 34.2% compared to the same quarter last year. Research analysts anticipate that Broadcom Inc. will post 35.96 EPS for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders 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 1.61%. The ex-dividend date was Wednesday, March 20th. Broadcom's dividend payout ratio (DPR) is 77.84%.

Insider Activity

In other news, Director Eddy W. Hartenstein sold 3,150 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $1,290.34, for a total value of $4,064,571.00. Following the sale, the director now directly owns 4,643 shares in the company, valued at $5,991,048.62. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Eddy W. Hartenstein sold 3,150 shares of the company's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total value of $4,064,571.00. Following the transaction, the director now directly owns 4,643 shares in the company, valued at $5,991,048.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Justine Page sold 110 shares of Broadcom stock in a transaction dated 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 sale, the director now owns 3,125 shares of the company's stock, valued at approximately $4,134,375. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,920 shares of company stock valued at $40,306,667. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Pathway Financial Advisors LLC lifted its stake in Broadcom by 11.1% in the fourth quarter. Pathway Financial Advisors LLC now owns 933 shares of the semiconductor manufacturer's stock worth $1,041,000 after acquiring an additional 93 shares during the period. Todd Asset Management LLC lifted its position in shares of Broadcom by 26.3% in the 4th quarter. Todd Asset Management LLC now owns 79,765 shares of the semiconductor manufacturer's stock worth $89,038,000 after purchasing an additional 16,608 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Broadcom by 3.0% during the fourth quarter. Benjamin Edwards Inc. now owns 3,141 shares of the semiconductor manufacturer's stock valued at $3,506,000 after purchasing an additional 91 shares in the last quarter. Stegent Equity Advisors Inc. purchased a new position in Broadcom during the fourth quarter valued at approximately $271,000. Finally, Intrust Bank NA lifted its holdings in Broadcom by 1.7% during the fourth quarter. Intrust Bank NA now owns 6,070 shares of the semiconductor manufacturer's stock worth $6,776,000 after buying an additional 99 shares during the period. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

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.