Broadcom Inc (AVGO) is Sustainable Insight Capital Management LLC’s 7th Largest Position

Sustainable Insight Capital Management LLC raised its position in Broadcom Inc (NASDAQ:AVGO) by 166.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,400 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,000 shares during the period. Broadcom makes up about 2.5% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 7th largest holding. Sustainable Insight Capital Management LLC’s holdings in Broadcom were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BTIM Corp. increased its stake in Broadcom by 1.7% in the 1st quarter. BTIM Corp. now owns 1,883 shares of the semiconductor manufacturer’s stock worth $566,000 after acquiring an additional 32 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Broadcom by 9.1% in the 1st quarter. Parkside Financial Bank & Trust now owns 395 shares of the semiconductor manufacturer’s stock worth $119,000 after acquiring an additional 33 shares during the last quarter. Lindbrook Capital LLC increased its stake in Broadcom by 5.4% in the 1st quarter. Lindbrook Capital LLC now owns 662 shares of the semiconductor manufacturer’s stock worth $199,000 after acquiring an additional 34 shares during the last quarter. Lincoln National Corp increased its stake in Broadcom by 4.1% in the 4th quarter. Lincoln National Corp now owns 929 shares of the semiconductor manufacturer’s stock worth $236,000 after acquiring an additional 37 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its stake in Broadcom by 1.4% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,948 shares of the semiconductor manufacturer’s stock worth $886,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.

In other Broadcom news, insider Kirsten M. Spears sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $306.31, for a total transaction of $1,225,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $315.07, for a total value of $6,301,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 87,824 shares of company stock valued at $26,390,919 in the last ninety days. 3.30% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on AVGO shares. Mizuho upped their price objective on Broadcom from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, March 15th. JPMorgan Chase & Co. upped their price objective on Broadcom from $325.00 to $365.00 in a report on Monday, March 18th. KeyCorp upped their price objective on Broadcom from $335.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. BidaskClub upgraded Broadcom from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 24th. Finally, Citigroup started coverage on Broadcom in a report on Friday, March 15th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $304.88.

AVGO traded up $4.08 during midday trading on Tuesday, reaching $276.67. 57,866 shares of the company’s stock traded hands, compared to its average volume of 2,792,660. The firm has a market capitalization of $114.75 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.35 and a beta of 0.68. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.27 and a quick ratio of 1.14. Broadcom Inc has a 52 week low of $197.46 and a 52 week high of $323.20.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, March 14th. The semiconductor manufacturer reported $5.55 EPS for the quarter, beating analysts’ consensus estimates of $4.32 by $1.23. The business had revenue of $5.79 billion during the quarter, compared to analyst estimates of $5.83 billion. Broadcom had a return on equity of 30.31% and a net margin of 30.50%. Broadcom’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.12 EPS. As a group, sell-side analysts expect that Broadcom Inc will post 17.65 EPS for the current fiscal year.

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Broadcom Profile

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Further Reading: Asset Allocation, Balancing Your Investments

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc (NASDAQ:AVGO).

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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