 Moser Wealth Advisors LLC increased its stake in  Broadcom Inc. (NASDAQ:AVGO – Free Report) by 29.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 478 shares of the semiconductor manufacturer’s stock after purchasing an additional 108 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Broadcom were worth $132,000 at the end of the most recent quarter.
Moser Wealth Advisors LLC increased its stake in  Broadcom Inc. (NASDAQ:AVGO – Free Report) by 29.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 478 shares of the semiconductor manufacturer’s stock after purchasing an additional 108 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Broadcom were worth $132,000 at the end of the most recent quarter. 
Several other institutional investors have also bought and sold shares of AVGO. Nuveen LLC acquired a new stake in Broadcom in the first quarter worth about $6,649,117,000. Price T Rowe Associates Inc. MD boosted its position in shares of Broadcom by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer’s stock valued at $10,968,270,000 after purchasing an additional 17,985,046 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Broadcom by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer’s stock valued at $5,333,384,000 after purchasing an additional 4,550,647 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Broadcom by 36.9% during the 1st quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer’s stock valued at $2,638,512,000 after purchasing an additional 4,245,345 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Broadcom by 16.0% during the 1st quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer’s stock valued at $4,941,498,000 after purchasing an additional 4,077,910 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company’s stock.
Broadcom Price Performance
Shares of AVGO opened at $385.98 on Thursday. The company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 98.46, a P/E/G ratio of 2.10 and a beta of 1.20. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The business’s 50-day moving average is $336.06 and its 200-day moving average is $280.64.
Broadcom Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. The ex-dividend date was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.6%. Broadcom’s dividend payout ratio (DPR) is currently 60.20%.
Insider Buying and Selling at Broadcom
In related news, insider Mark David Brazeal sold 16,558 shares of Broadcom stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company’s stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Company insiders own 2.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have commented on AVGO shares. UBS Group set a $415.00 price objective on shares of Broadcom and gave the company a “buy” rating in a research note on Tuesday, October 14th. Macquarie initiated coverage on shares of Broadcom in a research note on Monday, September 15th. They set an “outperform” rating and a $420.00 price objective for the company. Rosenblatt Securities upped their target price on Broadcom from $340.00 to $400.00 and gave the company a “buy” rating in a report on Friday, September 5th. Wells Fargo & Company upped their target price on Broadcom from $255.00 to $345.00 and gave the company an “equal weight” rating in a report on Friday, September 5th. Finally, Weiss Ratings upgraded Broadcom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $372.52.
Check Out Our Latest Analysis on AVGO
Broadcom Company Profile
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.
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