Gallagher Capital Advisors LLC Acquires Stake in Broadcom Inc.

Gallagher Capital Advisors LLC has made a new investment in Broadcom Inc. (NASDAQ:AVGO) during the fourth quarter, based on their latest Form 13F filed with the Securities and Exchange Commission. The investment firm purchased 1,809 shares of the semiconductor company, which is estimated to be worth around $419,000.

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Other institutional investors have also recently adjusted their holdings in Broadcom. KFA Private Wealth Group LLC increased its shares by 2.5% during the fourth quarter, owning a total of 1,756 shares worth about $407,000 after acquiring 42 additional shares. Dakota Community Bank & Trust NA raised its investment by 2.7%, now holding 1,685 shares valued at $391,000, following a purchase of 45 shares. Similarly, Bryant Woods Investment Advisors LLC raised its stake by 3.5%, owning 1,317 shares valued at $305,000 after acquiring another 45 shares. Marest Capital LLC boosted its position by 1.0% to 4,539 shares worth $1,052,000 after a purchase of 46 shares. Lastly, Defined Wealth Management LLC's position grew by 0.4%, owning 12,712 shares worth about $2,947,000 after acquiring 47 shares. Collectively, institutional and hedge funds hold approximately 76.43% of Broadcom's stock.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 20,168 shares of Broadcom stock in a transaction on December 24, 2019. The shares were sold at an average price of $238.79, totaling approximately $4,815,916.72. After this sale, Brazeal retains ownership of 321,660 shares valued at around $76,809,191.40, indicating a 5.90% reduction in his position. This sale was disclosed in a filing with the SEC. Additionally, Director Harry L. You sold 6,540 shares on December 17, 2019, at an average price of $240.00, totaling $1,569,600.00. Following this transaction, he owns 30,450 shares valued at approximately $7,308,000, reflecting a 17.68% decrease in his ownership. In the last quarter, insiders sold 191,278 shares totaling about $44,964,800. Company insiders currently own around 2.00% of Broadcom's stock.

Analyst Perspectives on Broadcom

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Several analysts have provided their insights on Broadcom. Susquehanna raised its price target from $200.00 to $225.00, labeling the stock as "positive" in a recent note. HSBC Global Research upgraded Broadcom to a "hold" rating in a report earlier. Jefferies Financial Group also raised their target price from $205.00 to $225.00, suggesting a buy rating. Evercore ISI increased its price target from $201.00 to $250.00, rating the stock as "outperform." Finally, KeyCorp raised its target from $260.00 to $275.00, while three analysts have given a hold rating, and twenty-five have given a buy rating. Currently, consensus ratings indicate a "Moderate Buy" with an average price target of $231.48.

Explore Our Latest Analysis on AVGO

Broadcom Stock Performance

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As of Monday, NASDAQ AVGO opened at $194.96. Broadcom Inc. has shown a 12-month performance with a low of $119.76 and a high of $251.88. The company holds a market cap of $913.85 billion, with a price-to-earnings ratio of 159.02. Broadcom's current ratio stands at 1.17, quick ratio at 1.07, and debt-to-equity ratio at 0.98. The stock's 50-day and 200-day simple moving averages are $222.28 and $193.12, respectively.

Broadcom last reported earnings on December 12, 2019, revealing an EPS of $1.42, which exceeded analysts' expectations of $1.39 by $0.03. The company achieved a return on equity of 28.00% with a net margin of 11.43%. Revenue for the quarter reached $14.05 billion, closely matching analysts’ forecasted $14.07 billion, representing a substantial increase of 51.2% from the same quarter last year. Analysts anticipate that Broadcom Inc. will report an EPS of 5.38 for the current year.

Dividends Announced by Broadcom

Recently, Broadcom announced its intention to pay a quarterly dividend on March 31. Shareholders of record as of March 20 will receive a dividend of $0.59 per share, leading to an annualized dividend of $2.36, which corresponds to a yield of 1.21%. The ex-dividend date is set for March 20. Broadcom currently has a payout ratio of 191.87%.

Overview of Broadcom Inc.

Broadcom Inc. designs, develops, and supplies a wide range of semiconductor devices, focusing on complex digital and mixed-signal complementary metal oxide semiconductor products and analog III-V based devices globally. The company operates primarily in two segments: Semiconductor Solutions and Infrastructure Software.

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This summary was created using automated reporting technology and financial data to provide timely and accurate information about Broadcom and market trends.

Should You Invest in Broadcom Now?

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Financial analysts continually monitor and share their best-performing stock recommendations. Currently, Broadcom is regarded as a Moderate Buy, but there may be other promising stocks that top analysts suggest as better investments.

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