Dantai Capital Ltd Increases Investment in Broadcom Inc.

Dantai Capital Ltd has significantly increased its investment in Broadcom Inc. (NASDAQ:AVGO) during the third quarter, with a remarkable boost of 900.0% as reported in its latest filing with the Securities and Exchange Commission. Following the acquisition of an additional 7,695 shares, Dantai now holds a total of 8,550 shares of Broadcom's stock. This investment represents about 1.9% of Dantai's portfolio, making Broadcom its 21st largest investment. According to the latest filings, Dantai's shares in Broadcom are valued at approximately $1,475,000.

Other Institutional Investors' Moves

In addition to Dantai Capital, several other large investors have either increased or decreased their stakes in Broadcom. For instance, NCP Inc. has raised its position by 615.4% during the second quarter, now holding 465 shares worth $747,000 after purchasing an additional 400 shares. Meanwhile, Stanley Laman Group Ltd. increased its stake by 8.6%, owning 1,435 shares valued at $2,304,000 after adding 114 shares. Brookstone Capital Management has made a remarkable increase of 1,088.3%, acquiring 35,423 shares valued at $56,873,000, following a purchase of 32,442 shares. Insight Wealth Partners LLC has also grown its position by 13.2%, holding 727 shares worth about $1,168,000 after buying 85 more shares. Gradient Investments LLC has increased its holdings by 9.1%, now possessing 13,856 shares valued at $22,246,000. Institutional investors collectively own around 76.43% of Broadcom’s stock.

Analysts' Price Targets for Broadcom

Broadcom has recently been the focus of various research analyses. A report from Benchmark reiterated a "buy" rating while setting a price target of $210.00 for the stock. Similarly, Goldman Sachs has adjusted its price target from $185.00 to $190.00, maintaining a "buy" rating. Rosenblatt Securities reaffirmed its "buy" rating with a price target of $240.00, while JPMorgan Chase raised its price target from $200.00 to $210.00 and classified the stock as “overweight”. HSBC Global Research upgraded Broadcom to a "hold" rating. Among analysts, three have rated the stock as a hold, whereas twenty-four analysts have given it a buy rating. Current consensus suggests a "Moderate Buy" with an average price target of $212.08.

Insider Trading Activity

Recently, insider trading activities have also been noteworthy. Charlie B. Kawwas sold 15,950 shares on October 11th, at an average price of $181.44, resulting in a total sale of about $2,893,968. Following this sale, Kawwas' direct ownership dropped to 737,330 shares, valued at approximately $133,781,155.20, marking a 2.12% decrease in his stake. Additionally, Mark David Brazeal sold 18,900 shares on October 9th for an average price of $182.88, totaling around $3,456,432. His remaining shares now total 380,560, valued at about $69,596,812.80, reflecting a 4.73% decrease in ownership. Over the past three months, company insiders have sold 311,080 shares worth approximately $53,540,590. Insiders collectively own around 2.00% of Broadcom’s stock.

Broadcom's Financial Performance

Broadcom's stock opened at $213.90 recently. The company has shown substantial growth, with a 50-day moving average of $173.65 and a 200-day moving average at $163.86. Broadcom’s market capitalization stands at $999.04 billion, with a P/E ratio of 156.96 and a P/E/G ratio of 2.15. It has recorded a 52-week low of $104.15 and a high of $213.90. Broadcom's latest quarterly earnings report, issued on December 12th, reflected earnings of $1.42 per share, exceeding analysts' estimates by $0.03. The company's revenue during this quarter amounted to $14.05 billion, slightly below the expected $14.07 billion, indicating a year-over-year revenue increase of 51.2%. Analysts forecast a yearly EPS of 3.79 for Broadcom.

Dividend Announcement

The company has also announced an upcoming quarterly dividend of $0.59 per share, payable on December 31st to investors on record by December 23rd. This represents an increase from the prior dividend of $0.53 per share, translating to an annualized dividend of $2.36 and a yield of 1.10%. Broadcom’s payout ratio currently stands at 184.19%.

About Broadcom Inc.

Broadcom Inc. is a global leader in designing, developing, and supplying a variety of semiconductor devices. Their focus lies in producing complex digital devices, mixed signal components, and analog-based products, primarily in two key segments: Semiconductor Solutions and Infrastructure Software.

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