Hudson Capital Management LLC Has $6.65 Million Stock Holdings in Broadcom Inc. (NASDAQ:AVGO)

Hudson Capital Management LLC reduced its position in Broadcom Inc. (NASDAQ:AVGO) by 10.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 28,672 shares of the semiconductor manufacturer’s stock after selling 3,279 shares during the period. Broadcom comprises 2.1% of Hudson Capital Management LLC’s holdings, making the stock its 13th largest position. Hudson Capital Management LLC’s holdings in Broadcom were worth $6,647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kraft Asset Management LLC bought a new position in Broadcom during the fourth quarter worth $209,000. Evolution Wealth Advisors LLC lifted its stake in shares of Broadcom by 22.8% during the 4th quarter. Evolution Wealth Advisors LLC now owns 4,450 shares of the semiconductor manufacturer’s stock worth $1,034,000 after buying an additional 827 shares during the last quarter. Kelleher Financial Advisors boosted its holdings in shares of Broadcom by 103.8% during the 4th quarter. Kelleher Financial Advisors now owns 2,405 shares of the semiconductor manufacturer’s stock worth $558,000 after buying an additional 1,225 shares during the period. Marino Stram & Associates LLC grew its stake in Broadcom by 1.0% in the 4th quarter. Marino Stram & Associates LLC now owns 6,119 shares of the semiconductor manufacturer’s stock valued at $1,419,000 after buying an additional 63 shares during the last quarter. Finally, Magnus Financial Group LLC raised its holdings in Broadcom by 1.3% in the 4th quarter. Magnus Financial Group LLC now owns 18,436 shares of the semiconductor manufacturer’s stock valued at $4,274,000 after acquiring an additional 234 shares during the period. Institutional investors own 76.43% of the company’s stock.

Insider Activity

In other Broadcom news, Director Eddy W. Hartenstein sold 4,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $229.64, for a total value of $918,560.00. Following the sale, the director now owns 46,400 shares in the company, valued at approximately $10,655,296. The trade was a 7.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Charlie B. Kawwas sold 40,000 shares of Broadcom stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $231.98, for a total value of $9,279,200.00. Following the completion of the transaction, the insider now directly owns 696,730 shares in the company, valued at approximately $161,627,425.40. This represents a 5.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,278 shares of company stock valued at $44,964,800. Insiders own 2.00% of the company’s stock.

Broadcom Stock Up 1.8 %

Shares of NASDAQ:AVGO opened at $244.70 on Friday. The company has a fifty day moving average of $207.20 and a 200-day moving average of $180.10. The company has a market capitalization of $1.15 trillion, a PE ratio of 199.59, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.17. Broadcom Inc. has a 52-week low of $117.43 and a 52-week high of $251.88.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, December 12th. The semiconductor manufacturer reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.03. The business had revenue of $14.05 billion for the quarter, compared to analyst estimates of $14.07 billion. Broadcom had a return on equity of 28.00% and a net margin of 11.43%. Broadcom’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.96%. This is a positive change from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Monday, December 23rd. Broadcom’s payout ratio is presently 192.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on AVGO shares. Barclays upped their target price on Broadcom from $205.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 17th. Jefferies Financial Group upped their price objective on Broadcom from $205.00 to $225.00 and gave the company a “buy” rating in a report on Friday, December 13th. Mizuho boosted their target price on shares of Broadcom from $245.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Broadcom from $190.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Morgan Stanley boosted their price objective on shares of Broadcom from $233.00 to $265.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, Broadcom presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.83.

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.