Northstar Advisory Group LLC Purchases 41 Shares of Broadcom Inc. (NASDAQ:AVGO)

Northstar Advisory Group LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,007 shares of the semiconductor manufacturer’s stock after buying an additional 41 shares during the period. Northstar Advisory Group LLC’s holdings in Broadcom were worth $1,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BKM Wealth Management LLC bought a new stake in shares of Broadcom in the 4th quarter valued at approximately $29,000. Bollard Group LLC bought a new stake in shares of Broadcom during the 2nd quarter worth approximately $26,000. Rise Advisors LLC lifted its stake in shares of Broadcom by 76.5% during the 3rd quarter. Rise Advisors LLC now owns 30 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Macroview Investment Management LLC bought a new stake in shares of Broadcom during the 3rd quarter worth approximately $29,000. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Broadcom during the 3rd quarter worth approximately $32,000. 76.43% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Kirsten M. Spears sold 2,500 shares of Broadcom stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $1,043.14, for a total value of $2,607,850.00. Following the completion of the transaction, the chief financial officer now owns 26,880 shares in the company, valued at approximately $28,039,603.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Charlie B. Kawwas sold 5,000 shares of Broadcom stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $1,344.00, for a total value of $6,720,000.00. Following the completion of the transaction, the insider now owns 16,575 shares in the company, valued at approximately $22,276,800. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $1,043.14, for a total value of $2,607,850.00. Following the sale, the chief financial officer now owns 26,880 shares of the company’s stock, valued at $28,039,603.20. The disclosure for this sale can be found here. Insiders sold a total of 19,810 shares of company stock valued at $26,107,692 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Performance

Shares of AVGO opened at $1,326.00 on Thursday. The stock has a 50-day moving average of $1,267.55 and a two-hundred day moving average of $1,061.46. Broadcom Inc. has a one year low of $601.29 and a one year high of $1,438.17. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.24 and a current ratio of 1.34. The stock has a market cap of $614.49 billion, a P/E ratio of 48.88, a P/E/G ratio of 2.81 and a beta of 1.26.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, topping analysts’ consensus estimates of $8.95 by $2.04. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The company had revenue of $11.96 billion during the quarter, compared to analysts’ expectations of $11.79 billion. During the same quarter in the previous year, the firm posted $9.83 EPS. The firm’s revenue was up 34.2% compared to the same quarter last year. As a group, research analysts predict that Broadcom Inc. will post 36.8 EPS for the current year.

Broadcom Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 21st will be issued a $5.25 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $21.00 annualized dividend and a dividend yield of 1.58%. Broadcom’s dividend payout ratio (DPR) is presently 77.84%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AVGO. Barclays began coverage on Broadcom in a report on Wednesday, March 20th. They set an “overweight” rating and a $1,405.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and set a $1,325.00 price objective on shares of Broadcom in a report on Friday, January 19th. Mizuho raised their price objective on Broadcom from $1,450.00 to $1,550.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. StockNews.com downgraded Broadcom from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $1,500.00 price target (up from $1,100.00) on shares of Broadcom in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Broadcom currently has an average rating of “Moderate Buy” and an average target price of $1,230.18.

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.