Telos Capital Management Inc. Has $937,000 Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Telos Capital Management Inc. trimmed its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,041 shares of the semiconductor manufacturer’s stock after selling 69 shares during the quarter. Telos Capital Management Inc.’s holdings in Broadcom were worth $937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AVGO. GHP Investment Advisors Inc. lifted its position in shares of Broadcom by 1.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 3,357 shares of the semiconductor manufacturer’s stock worth $778,000 after buying an additional 57 shares during the period. McHugh Group LLC acquired a new position in Broadcom during the fourth quarter worth $1,948,000. Silver Oak Securities Incorporated lifted its holdings in shares of Broadcom by 32.6% during the fourth quarter. Silver Oak Securities Incorporated now owns 25,236 shares of the semiconductor manufacturer’s stock valued at $5,945,000 after acquiring an additional 6,198 shares during the period. Etesian Wealth Advisors Inc. boosted its stake in shares of Broadcom by 5.2% in the 4th quarter. Etesian Wealth Advisors Inc. now owns 2,219 shares of the semiconductor manufacturer’s stock valued at $514,000 after purchasing an additional 109 shares in the last quarter. Finally, Spirepoint Private Client LLC grew its holdings in shares of Broadcom by 2.3% in the 4th quarter. Spirepoint Private Client LLC now owns 87,568 shares of the semiconductor manufacturer’s stock worth $20,302,000 after purchasing an additional 1,929 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Broadcom Stock Down 2.8 %

NASDAQ:AVGO opened at $224.87 on Monday. Broadcom Inc. has a 1 year low of $119.76 and a 1 year high of $251.88. The stock has a 50-day moving average price of $219.76 and a two-hundred day moving average price of $184.32. The stock has a market cap of $1.05 trillion, a price-to-earnings ratio of 183.42, a PEG ratio of 2.42 and a beta of 1.02. The company has a current ratio of 1.17, a quick ratio of 1.07 and a debt-to-equity ratio of 0.98.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.03. The business had revenue of $14.05 billion during the quarter, compared to analyst estimates of $14.07 billion. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. Broadcom’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date was Monday, December 23rd. Broadcom’s dividend payout ratio (DPR) is presently 192.50%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AVGO. Benchmark reiterated a “buy” rating and issued a $255.00 target price (up previously from $210.00) on shares of Broadcom in a research note on Friday, December 13th. Mizuho lifted their price objective on Broadcom from $245.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft increased their target price on Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Susquehanna lifted their price target on Broadcom from $200.00 to $225.00 and gave the company a “positive” rating in a report on Friday, December 13th. Finally, Robert W. Baird increased their price objective on shares of Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Three analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $225.04.

Insider Activity at Broadcom

In other news, Director Check Kian Low sold 48,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $235.35, for a total value of $11,296,800.00. Following the sale, the director now directly owns 113,050 shares in the company, valued at $26,606,317.50. The trade was a 29.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Diane M. Bryant sold 15,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $226.68, for a total value of $3,400,200.00. Following the transaction, the director now directly owns 6,460 shares of the company’s stock, valued at $1,464,352.80. This represents a 69.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 191,278 shares of company stock valued at $44,964,800. 2.00% of the stock is owned by corporate insiders.

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.