Broadcom Inc (NASDAQ:AVGO) insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $254.99, for a total transaction of $5,099,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:AVGO opened at $260.82 on Friday. The company has a quick ratio of 3.41, a current ratio of 3.90 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $103.99 billion, a PE ratio of 13.85, a PEG ratio of 1.15 and a beta of 0.73. Broadcom Inc has a 1-year low of $197.46 and a 1-year high of $273.85.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, December 6th. The semiconductor manufacturer reported $5.85 earnings per share for the quarter, beating analysts’ consensus estimates of $5.58 by $0.27. The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.40 billion. Broadcom had a net margin of 58.80% and a return on equity of 29.03%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.59 earnings per share. Research analysts anticipate that Broadcom Inc will post 18.59 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Wednesday, December 19th were given a $2.65 dividend. This represents a $10.60 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Tuesday, December 18th. This is a positive change from Broadcom’s previous quarterly dividend of $1.75. Broadcom’s payout ratio is currently 56.29%.

Several large investors have recently bought and sold shares of the company. Kirr Marbach & Co. LLC IN acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $5,542,000. Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Broadcom in the fourth quarter valued at approximately $3,340,000. Campbell Newman Asset Management Inc. grew its holdings in Broadcom by 1.5% in the fourth quarter. Campbell Newman Asset Management Inc. now owns 3,266 shares of the semiconductor manufacturer’s stock valued at $830,000 after purchasing an additional 47 shares during the period. First American Bank grew its holdings in Broadcom by 1.8% in the fourth quarter. First American Bank now owns 43,859 shares of the semiconductor manufacturer’s stock valued at $11,152,000 after purchasing an additional 792 shares during the period. Finally, Davis R M Inc. purchased a new stake in Broadcom in the fourth quarter valued at approximately $497,000. 86.33% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently commented on AVGO. Morgan Stanley reduced their price objective on shares of Broadcom from $265.00 to $261.00 and set an “equal weight” rating for the company in a research note on Monday, January 7th. Wells Fargo & Co reiterated a “market perform” rating and issued a $265.00 price objective on shares of Broadcom in a research note on Wednesday, November 28th. Deutsche Bank reiterated a “buy” rating and issued a $310.00 price objective on shares of Broadcom in a research note on Thursday, November 8th. Mizuho reiterated a “buy” rating on shares of Broadcom in a research note on Friday, October 5th. Finally, BidaskClub cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Nine analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Broadcom currently has a consensus rating of “Buy” and an average target price of $288.93.

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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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