Cardano Risk Management B.V. Has $263.81 Million Stake in Broadcom Inc. (NASDAQ:AVGO)

Cardano Risk Management B.V. lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,137,908 shares of the semiconductor manufacturer’s stock after selling 11,834 shares during the period. Broadcom accounts for about 4.0% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 8th biggest holding. Cardano Risk Management B.V.’s holdings in Broadcom were worth $263,813,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. NCP Inc. boosted its stake in shares of Broadcom by 615.4% in the second quarter. NCP Inc. now owns 465 shares of the semiconductor manufacturer’s stock worth $747,000 after acquiring an additional 400 shares during the period. William Blair Investment Management LLC bought a new position in shares of Broadcom in the second quarter worth about $27,647,000. Inspire Advisors LLC bought a new position in shares of Broadcom in the second quarter worth about $211,000. Diversify Wealth Management LLC bought a new position in shares of Broadcom in the second quarter worth about $39,213,000. Finally, WINTON GROUP Ltd boosted its stake in shares of Broadcom by 5,483.6% in the second quarter. WINTON GROUP Ltd now owns 11,949 shares of the semiconductor manufacturer’s stock worth $19,184,000 after acquiring an additional 11,735 shares during the period. Institutional investors own 76.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AVGO shares. Truist Financial upped their price objective on Broadcom from $205.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Robert W. Baird boosted their target price on Broadcom from $195.00 to $210.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Bank of America boosted their target price on Broadcom from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Morgan Stanley boosted their target price on Broadcom from $233.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $240.00 target price on shares of Broadcom in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $223.54.

Broadcom Trading Up 0.4 %

Shares of NASDAQ AVGO traded up $1.00 during midday trading on Monday, hitting $225.31. The company’s stock had a trading volume of 9,932,934 shares, compared to its average volume of 24,012,330. The company has a current ratio of 1.04, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $196.90 and its two-hundred day moving average is $175.71. Broadcom Inc. has a 12-month low of $109.02 and a 12-month high of $251.88. The firm has a market cap of $1.06 trillion, a P/E ratio of 195.75, a price-to-earnings-growth ratio of 2.15 and a beta of 1.03.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.03. Broadcom had a return on equity of 30.12% and a net margin of 10.88%. The company had revenue of $14.05 billion for the quarter, compared to analysts’ expectations of $14.07 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Broadcom’s revenue was up 51.2% compared to the same quarter last year. As a group, equities research analysts expect that Broadcom Inc. will post 3.79 EPS for the current year.

Broadcom Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.59 dividend. The ex-dividend date was Monday, December 23rd. This represents a $2.36 annualized dividend and a yield of 1.05%. This is a boost from Broadcom’s previous quarterly dividend of $0.53. Broadcom’s dividend payout ratio is 191.87%.

Insider Buying and Selling

In other news, CEO Hock E. Tan sold 45,000 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $239.96, for a total value of $10,798,200.00. Following the completion of the sale, the chief executive officer now owns 842,836 shares of the company’s stock, valued at $202,246,926.56. This trade represents a 5.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harry L. You sold 6,540 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $240.00, for a total value of $1,569,600.00. Following the completion of the sale, the director now directly owns 30,450 shares of the company’s stock, valued at $7,308,000. The trade was a 17.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,278 shares of company stock valued at $44,964,800 over the last quarter. 2.00% of the stock is owned by corporate insiders.

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.