Investors sold shares of Broadcom Inc (NASDAQ:AVGO) on strength during trading on Tuesday following insider selling activity. $341.58 million flowed into the stock on the tick-up and $443.03 million flowed out of the stock on the tick-down, for a money net flow of $101.45 million out of the stock. Of all stocks tracked, Broadcom had the 0th highest net out-flow for the day. Broadcom traded up $5.47 for the day and closed at $299.31Specifically, Director Donald Macleod sold 5,223 shares of Broadcom stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $233.65, for a total transaction of $1,220,353.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of Broadcom stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $254.99, for a total transaction of $5,099,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,223 shares of company stock valued at $12,145,554. Insiders own 3.30% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Broadcom from a “hold” rating to a “sell” rating in a research report on Tuesday. SunTrust Banks lifted their price target on shares of Broadcom to $339.00 and gave the company a “buy” rating in a research report on Friday, March 15th. They noted that the move was a valuation call. Jefferies Financial Group lifted their price target on shares of Broadcom from $314.00 to $341.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Citigroup assumed coverage on shares of Broadcom in a research report on Friday, March 15th. They set a “buy” rating for the company. Finally, BMO Capital Markets lifted their price target on shares of Broadcom from $250.00 to $270.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and thirty-one have assigned a buy rating to the company. Broadcom currently has a consensus rating of “Buy” and an average target price of $299.08.

The company has a debt-to-equity ratio of 1.47, a current ratio of 1.27 and a quick ratio of 1.14. The stock has a market capitalization of $114.99 billion, a PE ratio of 15.90, a P/E/G ratio of 1.25 and a beta of 0.67.

Broadcom (NASDAQ:AVGO) last released its earnings results on Thursday, March 14th. The semiconductor manufacturer reported $5.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.32 by $1.23. The firm had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Broadcom had a net margin of 30.50% and a return on equity of 30.31%. Broadcom’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $5.12 EPS. As a group, research analysts forecast that Broadcom Inc will post 18.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Thursday, March 21st will be paid a $2.65 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $10.60 annualized dividend and a yield of 3.54%. Broadcom’s payout ratio is currently 56.29%.

Hedge funds have recently added to or reduced their stakes in the business. Lincoln National Corp grew its stake in shares of Broadcom by 4.1% during the 4th quarter. Lincoln National Corp now owns 929 shares of the semiconductor manufacturer’s stock valued at $236,000 after buying an additional 37 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Broadcom by 2.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,432 shares of the semiconductor manufacturer’s stock valued at $346,000 after buying an additional 41 shares during the period. Signature Wealth Management Group grew its stake in shares of Broadcom by 1.9% during the 4th quarter. Signature Wealth Management Group now owns 2,389 shares of the semiconductor manufacturer’s stock valued at $607,000 after buying an additional 44 shares during the period. Capital City Trust Co. FL grew its stake in shares of Broadcom by 1.0% during the 4th quarter. Capital City Trust Co. FL now owns 4,579 shares of the semiconductor manufacturer’s stock valued at $1,164,000 after buying an additional 45 shares during the period. Finally, Navellier & Associates Inc grew its stake in shares of Broadcom by 2.0% during the 4th quarter. Navellier & Associates Inc now owns 2,283 shares of the semiconductor manufacturer’s stock valued at $581,000 after buying an additional 45 shares during the period. 85.76% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Investors Sell Shares of Broadcom (AVGO) on Strength After Insider Selling” was originally published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://theolympiareport.com/2019/03/20/investors-sell-shares-of-broadcom-avgo-on-strength-after-insider-selling.html.

About Broadcom (NASDAQ:AVGO)

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.

Further Reading: Understanding Market Liquidity

Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.com's FREE daily email newsletter.