Francis Financial Inc. Has $986,000 Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Francis Financial Inc. grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO) by 102.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,252 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,153 shares during the period. Francis Financial Inc.’s holdings in Broadcom were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVGO. Regent Peak Wealth Advisors LLC lifted its holdings in shares of Broadcom by 3.0% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 13,309 shares of the semiconductor manufacturer’s stock worth $3,086,000 after purchasing an additional 386 shares in the last quarter. Watts Gwilliam & Co. LLC lifted its stake in shares of Broadcom by 21.7% in the fourth quarter. Watts Gwilliam & Co. LLC now owns 9,763 shares of the semiconductor manufacturer’s stock valued at $2,232,000 after buying an additional 1,744 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Broadcom by 9.8% during the fourth quarter. Fortitude Family Office LLC now owns 4,150 shares of the semiconductor manufacturer’s stock valued at $962,000 after buying an additional 370 shares during the last quarter. Marotta Asset Management bought a new stake in shares of Broadcom during the fourth quarter worth about $223,000. Finally, Baker Tilly Wealth Management LLC raised its holdings in shares of Broadcom by 2.5% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,188 shares of the semiconductor manufacturer’s stock worth $1,898,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 76.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AVGO. Morgan Stanley boosted their price objective on Broadcom from $246.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Benchmark reissued a “buy” rating and issued a $255.00 price target on shares of Broadcom in a research report on Friday, March 7th. William Blair restated an “outperform” rating on shares of Broadcom in a research note on Friday, March 7th. Truist Financial upped their target price on shares of Broadcom from $260.00 to $267.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Mizuho dropped their price target on shares of Broadcom from $260.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $229.48.

Insider Activity at Broadcom

In other Broadcom news, insider Mark David Brazeal sold 30,000 shares of Broadcom stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $194.65, for a total transaction of $5,839,500.00. Following the completion of the transaction, the insider now owns 490,956 shares of the company’s stock, valued at $95,564,585.40. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 800 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $185.00, for a total value of $148,000.00. Following the sale, the director now owns 25,380 shares in the company, valued at approximately $4,695,300. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 719,776 shares of company stock worth $131,065,542. Corporate insiders own 2.00% of the company’s stock.

Broadcom Price Performance

NASDAQ AVGO opened at $208.26 on Friday. The company has a market cap of $979.23 billion, a PE ratio of 169.87, a price-to-earnings-growth ratio of 2.29 and a beta of 1.04. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.98. The firm’s 50-day simple moving average is $182.95 and its two-hundred day simple moving average is $197.33. Broadcom Inc. has a 52 week low of $128.50 and a 52 week high of $251.88.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 20th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, March 20th. Broadcom’s dividend payout ratio (DPR) is presently 113.46%.

Broadcom declared that its board has approved a share repurchase plan on Monday, April 7th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.