Hexagon Capital Partners LLC Has $136,000 Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Hexagon Capital Partners LLC lessened its holdings in Broadcom Inc. (NASDAQ:AVGO) by 19.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 122 shares of the semiconductor manufacturer’s stock after selling 29 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Broadcom were worth $136,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AVGO. Simon Quick Advisors LLC boosted its holdings in shares of Broadcom by 47.2% in the 3rd quarter. Simon Quick Advisors LLC now owns 917 shares of the semiconductor manufacturer’s stock valued at $762,000 after purchasing an additional 294 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of Broadcom by 123.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,259 shares of the semiconductor manufacturer’s stock valued at $2,707,000 after acquiring an additional 1,799 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Broadcom by 1.5% during the 3rd quarter. Hartford Financial Management Inc. now owns 1,439 shares of the semiconductor manufacturer’s stock valued at $1,195,000 after acquiring an additional 21 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Broadcom by 22.0% during the 3rd quarter. Independent Advisor Alliance now owns 15,910 shares of the semiconductor manufacturer’s stock valued at $13,214,000 after acquiring an additional 2,864 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Broadcom by 28.2% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,313 shares of the semiconductor manufacturer’s stock valued at $1,921,000 after acquiring an additional 509 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.

Insider Activity

In related news, Director Kenneth Hao sold 9,160 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,388.13, for a total value of $12,715,270.80. Following the completion of the sale, the director now directly owns 45 shares of the company’s stock, valued at approximately $62,465.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Kenneth Hao sold 9,160 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $1,388.13, for a total value of $12,715,270.80. Following the completion of the sale, the director now directly owns 45 shares of the company’s stock, valued at approximately $62,465.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Eddy W. Hartenstein sold 3,150 shares of the 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 completion of the sale, the director now directly owns 4,643 shares of the company’s stock, valued at $5,991,048.62. The disclosure for this sale can be found here. Insiders sold a total of 29,920 shares of company stock worth $40,306,667 over the last quarter. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Mizuho raised their price objective on Broadcom from $1,450.00 to $1,550.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Oppenheimer reissued an “outperform” rating and set a $1,500.00 price objective (up previously from $1,100.00) on shares of Broadcom in a report on Friday, March 1st. Cantor Fitzgerald raised their price objective on Broadcom from $1,300.00 to $1,600.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Barclays raised their price objective on Broadcom from $1,405.00 to $1,500.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Benchmark reissued a “buy” rating and set a $1,720.00 price objective on shares of Broadcom in a report on Thursday, March 21st. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,285.41.

Broadcom Trading Down 4.4 %

NASDAQ AVGO opened at $1,242.86 on Thursday. The company has a market cap of $575.97 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 2.65 and a beta of 1.25. Broadcom Inc. has a 52 week low of $601.29 and a 52 week high of $1,438.17. The business has a 50 day moving average price of $1,310.35 and a 200-day moving average price of $1,144.51. 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:AVGO) last released 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. The firm had revenue of $11.96 billion during the quarter, compared to the consensus estimate of $11.79 billion. Broadcom had a return on equity of 47.71% and a net margin of 29.93%. The company’s quarterly revenue was up 34.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.83 earnings per share. As a group, equities analysts expect that Broadcom Inc. will post 35.96 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were issued a dividend of $5.25 per share. The ex-dividend date was Wednesday, March 20th. This represents a $21.00 annualized dividend and a dividend yield of 1.69%. Broadcom’s dividend payout ratio is 77.84%.

About Broadcom

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.