Arlington Financial Advisors LLC Acquires Stake in Broadcom Inc. (NASDAQ:AVGO)

Arlington Financial Advisors LLC recently acquired a new stake in Broadcom Inc. (NASDAQ:AVGO) during the fourth quarter, as indicated in their latest filing with the Securities and Exchange Commission (SEC). The firm purchased 1,250 shares of the semiconductor giant, amounting to an approximate value of $290,000.

Recent Activity by Other Investors

A variety of hedge funds and institutional investors have also been active in trading Broadcom shares recently. Notably, AMF Tjanstepension AB saw significant growth in its position in Broadcom, increasing by 856.9% during the third quarter. The fund now holds 1,014,616 shares valued at around $175 million following the acquisition of an additional 908,585 shares in the last quarter. Other firms, such as Alpha Financial Partners LLC and Wealth Group Ltd., have also made new investments in Broadcom showing growing interest in the semiconductor sector. Redhawk Wealth Advisors Inc. increased their position by 967.3%, holding 6,521 shares valued at approximately $1.1 million after acquiring an additional 5,910 shares. Lastly, Thomasville National Bank increased its holdings by 1,020.2% during the same quarter, now owning 2,330 shares worth about $402,000. Collectively, institutional investors control about 76.43% of Broadcom’s stock.

Insider Trading Activity

In insider trading news, Broadcom's Director Diane M. Bryant sold 15,000 shares of company stock on December 23rd at an average price of $226.68, totaling $3,400,200. Post-transaction, Bryant's ownership in the company dropped by approximately 69.90%, leaving her with 6,460 shares valued at about $1.46 million. Similarly, on January 6th, Director Check Kian Low sold 48,000 shares at an average price of $235.35, in a transaction valued at $11,296,800, reducing his holdings by about 29.80% to 113,050 shares worth approximately $26.6 million. In total, insiders have sold 191,278 shares worth $44.96 million in the last ninety days, representing about 2.00% of the stock owned by company insiders.

Analysts’ Forecasts and Price Targets

Analysts have recently updated their projections on Broadcom's stock. Deutsche Bank Aktiengesellschaft raised their target price from $190.00 to $240.00 with a "buy" rating on December 13th. Rosenblatt Securities reiterated a "buy" rating along with a $240.00 price target. Hsbc Global Research upgraded Broadcom to a "hold" rating. Robert W. Baird raised its price target to $210.00 while giving the stock an "outperform" rating. Jefferies Financial Group lifted its target to $225.00, maintaining a "buy" rating. Among the analysts, three have given a hold rating while twenty-four suggest buying the stock. Currently, Broadcom enjoys a consensus rating of "Moderate Buy" with a price target of approximately $225.04, according to MarketBeat.

Performance Overview

Broadcom shares opened at $235.04 on Wednesday. The stock’s performance over the past year has fluctuated with a 52-week low of $119.76 and a high of $251.88. Some of the company’s financial ratios include a debt-to-equity ratio of 0.98, a quick ratio of 1.07, and a current ratio of 1.17. As of now, the business has a market capitalization of roughly $1.10 trillion with a P/E ratio of 191.71 and a price-to-earnings-growth ratio of 2.42. Broadcom recently reported earnings on December 12th, stating a $1.42 earnings per share (EPS) which surpassed analysts' expectations of $1.39. Their operating revenue for the quarter was reported at $14.05 billion, slightly under the $14.07 billion predicted by analysts, marking a 51.2% increase from the previous year.

Dividend Announcement

Broadcom announced a recent increase in its quarterly dividend, which was distributed on December 31st. Shareholders recorded on December 23rd received a dividend of $0.59 per share, raising the annualized dividend to $2.36 with a yield of 1.00%. This is an improvement from their last dividend of $0.53. The ex-dividend date was also set for December 23rd, with Broadcom's current dividend payout ratio at 192.50%.

Company Overview

(Free Report) Broadcom Inc. specializes in designing and manufacturing various semiconductor devices, focusing on advanced digital and mixed-signal complementary metal oxide semiconductors alongside analog III-V-based products on a global scale. Broadcom operates through two primary segments: Semiconductor Solutions and Infrastructure Software.

finance, investors, acquisition