Swiss National Bank Has $1.55 Billion Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Swiss National Bank boosted its position in Broadcom Inc. (NASDAQ:AVGO) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,387,763 shares of the semiconductor manufacturer’s stock after buying an additional 60,329 shares during the quarter. Broadcom makes up about 1.1% of Swiss National Bank’s holdings, making the stock its 9th biggest position. Swiss National Bank owned about 0.30% of Broadcom worth $1,549,090,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Broadcom in the fourth quarter worth $25,000. PSI Advisors LLC increased its holdings in shares of Broadcom by 66.7% during the 4th quarter. PSI Advisors LLC now owns 25 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 10 shares during the period. BKM Wealth Management LLC acquired a new position in shares of Broadcom during the fourth quarter valued at about $29,000. CKW Financial Group bought a new stake in shares of Broadcom in the fourth quarter valued at about $30,000. Finally, Bfsg LLC acquired a new stake in Broadcom during the fourth quarter worth about $35,000. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $1,700.00 price target on shares of Broadcom in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $1,500.00 target price on shares of Broadcom in a research report on Monday, April 8th. Evercore ISI started coverage on shares of Broadcom in a research note on Tuesday, April 16th. They set an “outperform” rating and a $1,620.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and issued a $1,500.00 price objective on shares of Broadcom in a research note on Thursday, March 21st. Finally, Susquehanna lifted their target price on shares of Broadcom from $1,400.00 to $1,550.00 and gave the company a “positive” rating in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, Broadcom has a consensus rating of “Moderate Buy” and an average target price of $1,285.41.

Insider Activity at Broadcom

In other news, Director Eddy W. Hartenstein sold 3,150 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total value of $4,064,571.00. Following the sale, the director now owns 4,643 shares of the company’s stock, valued at $5,991,048.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Broadcom news, Director Eddy W. Hartenstein sold 3,150 shares of Broadcom stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $1,290.34, for a total value of $4,064,571.00. Following the sale, the director now directly owns 4,643 shares in the company, valued at approximately $5,991,048.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Justine Page sold 110 shares of the stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $1,323.00, for a total transaction of $145,530.00. Following the transaction, the director now owns 3,125 shares of the company’s stock, valued at $4,134,375. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,920 shares of company stock valued at $40,306,667. 2.00% of the stock is owned by insiders.

Broadcom Price Performance

NASDAQ AVGO traded down $12.84 on Thursday, hitting $1,230.02. 1,190,263 shares of the company were exchanged, compared to its average volume of 2,888,874. The company has a current ratio of 1.34, a quick ratio of 1.24 and a debt-to-equity ratio of 1.05. Broadcom Inc. has a 1-year low of $601.29 and a 1-year high of $1,438.17. The firm has a 50 day moving average of $1,310.35 and a two-hundred day moving average of $1,144.51. The company has a market cap of $570.02 billion, a P/E ratio of 45.70, a P/E/G ratio of 2.65 and a beta of 1.25.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings data on Thursday, March 7th. The semiconductor manufacturer reported $10.99 EPS for the quarter, beating the consensus estimate of $8.95 by $2.04. Broadcom had a net margin of 29.93% and a return on equity of 47.71%. The business had revenue of $11.96 billion for the quarter, compared to analysts’ expectations of $11.79 billion. During the same period 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. On average, equities analysts predict that Broadcom Inc. will post 35.96 EPS for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 21st were given a $5.25 dividend. This represents a $21.00 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, March 20th. Broadcom’s dividend payout ratio is presently 77.84%.

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.