<div id="readability-page-1"><p>Sanders Morris Harris LLC acquired a new stake in  Broadcom Inc. (NASDAQ:AVGO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities &amp; Exchange Commission. The fund acquired 20,713 shares of the semiconductor manufacturer's stock, valued at approximately $6,833,000. Broadcom accounts for approximately  0.9% of Sanders Morris Harris LLC's portfolio, making the stock its 13th biggest holding.</p><ul><li>Forget the Chips: 4 Industrial Plays for the AI Rebound</li></ul><p>A number of other institutional investors also recently modified their holdings of AVGO. Vanguard Group Inc. lifted its holdings in  Broadcom by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 483,442,939 shares of the semiconductor manufacturer's stock worth $133,261,046,000 after buying an additional 6,222,802 shares during the period.  State Street Corp raised its holdings in shares of  Broadcom by 0.5% during the second quarter. State Street Corp now owns 185,276,987 shares of the semiconductor manufacturer's stock valued at $51,071,601,000 after acquiring an additional 873,963 shares in the last quarter.  Geode Capital Management LLC lifted its stake in  Broadcom by 2.1% in the second quarter. Geode Capital Management LLC now owns 108,610,718 shares of the semiconductor manufacturer's stock worth $29,827,649,000 after acquiring an additional 2,226,585 shares during the period.  Norges Bank purchased a new stake in  Broadcom in the second quarter worth $18,579,549,000.  Finally, Price T Rowe Associates Inc. MD boosted its holdings in  Broadcom by 37.8% in the first 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 acquiring an additional 17,985,046 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors. </p><h2>Broadcom Price Performance</h2><p>Shares of NASDAQ AVGO opened at $326.02 on Thursday. The company has a 50 day simple moving average of $362.96 and a two-hundred day simple moving average of $319.95. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $414.61. The company has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 68.49, a P/E/G ratio of 1.15 and a beta of 1.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.58 and a current ratio of 1.71. </p><ul><li>MRVL, AMZN and MSFT: Breaking Down the Wall Street Controversy</li></ul><p>Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The company had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The firm's quarterly revenue was up 28.2% compared to the same quarter last year.  Analysts expect that  Broadcom Inc. will post 5.38 EPS for the current fiscal year. </p><h2>Broadcom Increases Dividend</h2><p>The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a $0.65 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Broadcom's previous quarterly dividend of $0.59. Broadcom's payout ratio is presently 49.58%. </p><h2>Insider Buying and Selling</h2><ul><li>Super Micro's Sell-Off Is a Mirage—Here’s Why the Rally May Come Back Fast</li></ul><p>In related news, Director Justine Page sold 800 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $361.89, for a total transaction of $289,512.00. Following the sale, the director directly owned 20,582 shares of the company's stock, valued at approximately $7,448,419.98. This represents a 3.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 791,513 shares of company stock worth $287,708,906 in the last quarter. Corporate insiders own  2.00% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several research analysts have commented on the stock. Barclays  restated an &#34;overweight&#34; rating and issued a $500.00 price objective (up from $450.00) on shares of Broadcom in a report on Friday, December 12th. Morgan Stanley boosted their price target on shares of Broadcom from $443.00 to $462.00 and gave the company an &#34;overweight&#34; rating in a research report on Friday, December 12th. Citigroup  restated a &#34;buy&#34; rating and issued a $480.00 price objective (up from $415.00) on shares of Broadcom in a report on Friday, December 12th. Deutsche Bank Aktiengesellschaft  set a $430.00 target price on Broadcom and gave the stock a &#34;buy&#34; rating in a report on Friday, December 12th. Finally, Rosenblatt Securities increased their target price on Broadcom from $400.00 to $440.00 and gave the stock a &#34;buy&#34; rating in a research report on Tuesday, December 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned  a Buy rating and one  has assigned  a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of &#34;Buy&#34; and a consensus target price of $435.96.</p><p><b>Check Out Our Latest Report on AVGO</b></p><h2>Broadcom Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Broadcom</li><li>How to Capture the Benefits of Dividend Increases</li><li>Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock</li><li>Why is the Ex-Dividend Date Significant to Investors?</li><li>Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVZHTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVZHTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Broadcom Right Now?</h2><p>Before you consider Broadcom, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Broadcom wasn't on the list.</p><p>While Broadcom currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

AVGO

<p>Sanders Morris Harris LLC acquired 20,713 shares of Broadcom Inc., valued at approximately $6.83 million, during the third quarter. This acquisition makes Broadcom 0.9% of Sanders Morris Harris LLC's portfolio, ranking as its 13th largest holding. The transaction was disclosed in a 13F filing with the SEC.</p>

Sanders Morris Harris LLC Purchases Shares of 20,713 Broadcom Inc. $AVGO