Calamos Advisors LLC Has $154.05 Million Stake in Broadcom Inc. (NASDAQ:AVGO)

Calamos Advisors LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 138,004 shares of the semiconductor manufacturer's stock after selling 8,024 shares during the quarter. Broadcom accounts for about 0.7% of Calamos Advisors LLC's holdings, making the stock its 16th biggest holding. Calamos Advisors LLC's holdings in Broadcom were worth $154,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVGO. Cantor Fitzgerald Investment Advisor L.P raised its holdings in Broadcom by 94.4% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 75,090 shares of the semiconductor manufacturer's stock valued at $47,283,000 after acquiring an additional 36,458 shares in the last quarter. Fairfield Bush & CO. raised its holdings in Broadcom by 2.6% during the first quarter. Fairfield Bush & CO. now owns 4,945 shares of the semiconductor manufacturer's stock worth $3,114,000 after purchasing an additional 123 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Broadcom by 20.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 509,603 shares of the semiconductor manufacturer's stock worth $320,887,000 after purchasing an additional 87,945 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Broadcom by 1.1% during the first quarter. Loomis Sayles & Co. L P now owns 40,357 shares of the semiconductor manufacturer's stock worth $25,412,000 after purchasing an additional 420 shares in the last quarter. Finally, Ergoteles LLC acquired a new stake in Broadcom during the first quarter worth approximately $1,095,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other news, Director Justine Page sold 110 shares of Broadcom stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $1,323.00, for a total transaction of $145,530.00. Following the completion of the transaction, the director now owns 3,125 shares of the company's stock, valued at approximately $4,134,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Justine Page sold 110 shares of Broadcom stock in a transaction on Wednesday, April 10th. The stock was sold at an average price of $1,323.00, for a total transaction of $145,530.00. Following the completion of the transaction, the director now owns 3,125 shares of the company's stock, valued at approximately $4,134,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Charlie B. Kawwas sold 5,000 shares of the business's stock in a transaction dated 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 approximately $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 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AVGO. 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. JPMorgan Chase & Co. restated an "overweight" rating and set a $1,700.00 target price on shares of Broadcom in a research report on Thursday, March 21st. Susquehanna raised their target price on shares of Broadcom from $1,400.00 to $1,550.00 and gave the stock a "positive" rating in a research report on Wednesday, February 28th. Benchmark restated a "buy" rating and set a $1,720.00 target price on shares of Broadcom in a research report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $1,500.00 target price on shares of Broadcom in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,285.41.

Broadcom Price Performance

Shares of NASDAQ AVGO traded down $23.64 during trading on Thursday, hitting $1,258.99. 2,486,763 shares of the company were exchanged, compared to its average volume of 2,947,770. The company has a market cap of $583.44 billion, a price-to-earnings ratio of 46.66, a PEG ratio of 2.71 and a beta of 1.25. Broadcom Inc. has a 1 year low of $601.29 and a 1 year high of $1,438.17. The firm's fifty day moving average price is $1,306.69 and its 200 day moving average price is $1,116.18. 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 issued its earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, topping the consensus estimate of $8.95 by $2.04. The company had revenue of $11.96 billion for the quarter, compared to analyst estimates of $11.79 billion. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. The business's revenue was up 34.2% on a year-over-year basis. During the same period in the previous year, the firm earned $9.83 EPS. On average, sell-side analysts expect that Broadcom Inc. will post 35.88 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were paid a dividend of $5.25 per share. This represents a $21.00 annualized dividend and a dividend yield of 1.67%. The ex-dividend date 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.