J. W. Coons Advisors LLC Has $2.83 Million Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

J. W. Coons Advisors LLC lessened its position in Broadcom Inc. (NASDAQ:AVGO) by 6.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,198 shares of the semiconductor manufacturer’s stock after selling 901 shares during the period. J. W. Coons Advisors LLC’s holdings in Broadcom were worth $2,828,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Waverton Investment Management Ltd boosted its stake in shares of Broadcom by 69.0% in the 4th quarter. Waverton Investment Management Ltd now owns 2,180 shares of the semiconductor manufacturer’s stock valued at $505,000 after purchasing an additional 890 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Broadcom by 1.2% in the 4th quarter. Capital Advisors Ltd. LLC now owns 6,866 shares of the semiconductor manufacturer’s stock valued at $1,592,000 after purchasing an additional 83 shares in the last quarter. Midwest Capital Advisors LLC acquired a new stake in shares of Broadcom in the 4th quarter valued at $209,000. Colonial River Investments LLC boosted its stake in shares of Broadcom by 8.6% in the 4th quarter. Colonial River Investments LLC now owns 13,864 shares of the semiconductor manufacturer’s stock valued at $3,214,000 after purchasing an additional 1,099 shares in the last quarter. Finally, Birchcreek Wealth Management LLC raised its holdings in shares of Broadcom by 63.9% in the fourth quarter. Birchcreek Wealth Management LLC now owns 2,258 shares of the semiconductor manufacturer’s stock valued at $523,000 after buying an additional 880 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Broadcom Stock Performance

Shares of AVGO stock opened at $202.54 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.17 and a quick ratio of 1.07. The stock has a market cap of $949.38 billion, a PE ratio of 165.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.02. The stock has a 50-day moving average of $228.49 and a 200-day moving average of $191.31. Broadcom Inc. has a one year low of $119.76 and a one year high of $251.88.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, December 12th. The semiconductor manufacturer reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.03. The company had revenue of $14.05 billion during the quarter, compared to analysts’ expectations of $14.07 billion. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. Broadcom’s revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.59 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This is a positive change from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.36 annualized dividend and a dividend yield of 1.17%. Broadcom’s payout ratio is currently 191.87%.

Insider Activity at Broadcom

In related news, insider Charlie B. Kawwas sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.98, for a total value of $9,279,200.00. Following the completion of the transaction, the insider now directly owns 696,730 shares in the company, valued at approximately $161,627,425.40. The trade was a 5.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hock E. Tan sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $239.96, for a total value of $10,798,200.00. Following the completion of the transaction, the chief executive officer now owns 842,836 shares of the company’s stock, valued at $202,246,926.56. This represents a 5.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 191,278 shares of company stock worth $44,964,800. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on AVGO shares. Morgan Stanley cut their price target on Broadcom from $265.00 to $246.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Barclays lifted their price target on Broadcom from $205.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $240.00 price target on shares of Broadcom in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lifted their price target on Broadcom from $190.00 to $240.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, UBS Group lifted their price target on Broadcom from $170.00 to $200.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat.com, Broadcom presently has an average rating of “Moderate Buy” and an average price target of $225.04.

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.