Himension Capital Singapore PTE. LTD. Purchases 4,949 Shares of Broadcom Inc. (NASDAQ:AVGO)

Himension Capital Singapore PTE. LTD. grew its position in shares of Broadcom Inc. (NASDAQ:AVGOFree Report) by 66.3% in the 4th quarter, Holdings Channel reports. The firm owned 12,419 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,949 shares during the quarter. Broadcom accounts for about 1.3% of Himension Capital Singapore PTE. LTD.’s portfolio, making the stock its 15th largest holding. Himension Capital Singapore PTE. LTD.’s holdings in Broadcom were worth $13,863,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Horizon Family Wealth Inc. increased its stake in shares of Broadcom by 1.3% in the 4th quarter. Horizon Family Wealth Inc. now owns 640 shares of the semiconductor manufacturer’s stock valued at $715,000 after acquiring an additional 8 shares in the last quarter. BetterWealth LLC increased its stake in shares of Broadcom by 1.5% in the 4th quarter. BetterWealth LLC now owns 602 shares of the semiconductor manufacturer’s stock valued at $672,000 after acquiring an additional 9 shares in the last quarter. Sargent Investment Group LLC increased its stake in shares of Broadcom by 1.6% in the 4th quarter. Sargent Investment Group LLC now owns 557 shares of the semiconductor manufacturer’s stock valued at $622,000 after acquiring an additional 9 shares in the last quarter. Centric Wealth Management increased its stake in shares of Broadcom by 1.6% in the 4th quarter. Centric Wealth Management now owns 579 shares of the semiconductor manufacturer’s stock valued at $646,000 after acquiring an additional 9 shares in the last quarter. Finally, Rise Advisors LLC increased its stake in shares of Broadcom by 33.3% in the 4th quarter. Rise Advisors LLC now owns 40 shares of the semiconductor manufacturer’s stock valued at $44,000 after acquiring an additional 10 shares in the last quarter. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Broadcom in a research report on Monday, May 13th. They issued a “buy” rating and a $1,550.00 price target for the company. Oppenheimer reissued an “outperform” rating and issued a $1,500.00 price target (up previously from $1,100.00) on shares of Broadcom in a research report on Friday, March 1st. Rosenblatt Securities reissued a “buy” rating and issued a $1,500.00 price target on shares of Broadcom in a research report on Thursday, March 21st. Evercore ISI initiated coverage on shares of Broadcom in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $1,620.00 price target for the company. Finally, Melius initiated coverage on shares of Broadcom in a research report on Monday, June 3rd. They issued a “buy” rating and a $1,850.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,341.16.

View Our Latest Research Report on Broadcom

Broadcom Stock Performance

Broadcom stock traded up $5.37 during midday trading on Friday, reaching $1,406.64. The stock had a trading volume of 1,785,903 shares, compared to its average volume of 2,459,353. Broadcom Inc. has a 12 month low of $788.78 and a 12 month high of $1,445.40. The firm’s 50-day moving average price is $1,338.08 and its 200 day moving average price is $1,230.38. The firm has a market capitalization of $651.87 billion, a PE ratio of 52.14, a P/E/G ratio of 2.80 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.34 and a debt-to-equity ratio of 1.05.

Broadcom (NASDAQ:AVGOGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The semiconductor manufacturer reported $10.99 earnings per share for the quarter, beating the consensus estimate of $8.95 by $2.04. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The firm had revenue of $11.96 billion for the quarter, compared to analysts’ expectations of $11.79 billion. During the same period in the prior year, the business posted $9.83 earnings per share. The company’s revenue was up 34.2% on a year-over-year basis. As a group, research analysts predict that Broadcom Inc. will post 36.06 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Charlie B. Kawwas sold 5,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $1,344.00, for a total transaction of $6,720,000.00. Following the sale, the insider now directly owns 16,575 shares in the company, valued at $22,276,800. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Justine Page sold 110 shares of the business’s 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 completion of the transaction, the director now owns 3,125 shares of the company’s stock, valued at $4,134,375. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charlie B. Kawwas sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 16,575 shares of the company’s stock, valued at approximately $22,276,800. The disclosure for this sale can be found here. Insiders have sold a total of 29,920 shares of company stock worth $40,306,667 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Broadcom Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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