Disciplined Growth Investors Inc. MN Purchases 1,774 Shares of Broadcom Inc. (NASDAQ:AVGO)

Disciplined Growth Investors Inc. MN grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO) by 1,249.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,916 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,774 shares during the quarter. Disciplined Growth Investors Inc. MN’s holdings in Broadcom were worth $331,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Frisch Financial Group Inc. boosted its holdings in Broadcom by 993.2% in the 3rd quarter. Frisch Financial Group Inc. now owns 1,760 shares of the semiconductor manufacturer’s stock worth $304,000 after buying an additional 1,599 shares during the period. Prestige Wealth Management Group LLC lifted its position in shares of Broadcom by 948.4% during the third quarter. Prestige Wealth Management Group LLC now owns 9,792 shares of the semiconductor manufacturer’s stock worth $1,689,000 after acquiring an additional 8,858 shares in the last quarter. Brophy Wealth Management LLC bought a new position in shares of Broadcom in the third quarter worth $2,282,000. Vestcor Inc grew its position in shares of Broadcom by 804.1% in the third quarter. Vestcor Inc now owns 183,566 shares of the semiconductor manufacturer’s stock valued at $31,665,000 after purchasing an additional 163,263 shares in the last quarter. Finally, High Falls Advisors Inc raised its stake in shares of Broadcom by 1,124.6% during the 3rd quarter. High Falls Advisors Inc now owns 2,939 shares of the semiconductor manufacturer’s stock valued at $507,000 after purchasing an additional 2,699 shares during the period. Hedge funds and other institutional investors own 76.43% of the company’s stock.

Broadcom Price Performance

AVGO stock opened at $178.94 on Tuesday. The firm has a market cap of $835.75 billion, a P/E ratio of 155.60, a P/E/G ratio of 2.11 and a beta of 1.13. The firm’s fifty day moving average is $173.14 and its 200 day moving average is $163.05. Broadcom Inc. has a 52 week low of $95.61 and a 52 week high of $186.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.94 and a current ratio of 1.04.

Analysts Set New Price Targets

AVGO has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on Broadcom from $204.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Mizuho boosted their price objective on shares of Broadcom from $190.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Hsbc Global Res upgraded shares of Broadcom to a “hold” rating in a research note on Tuesday, December 3rd. Cantor Fitzgerald boosted their price target on shares of Broadcom from $200.00 to $225.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Finally, William Blair assumed coverage on Broadcom in a research report on Wednesday, September 18th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $195.96.

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $163.37, for a total transaction of $8,168,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,331,910 shares in the company, valued at $217,594,136.70. This represents a 3.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 20,280 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $177.10, for a total transaction of $3,591,588.00. Following the sale, the insider now directly owns 399,460 shares of the company’s stock, valued at $70,744,366. The trade was a 4.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 311,080 shares of company stock worth $53,540,590 over the last three months. Company insiders own 2.00% of the company’s stock.

Broadcom 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.