Broadcom Inc. (AVGO): What Institutional Ownership Is Telling?

Broadcom Inc. (NASDAQ:AVGO) is on recovery track with 16.97% gain from a 1-year low price of $197.46. The company lost -8.9% to attain the price of $230.96 on 01/03/2019. Throughout the recent session, the prices were hovering between $230.3327 and $246.54. These shares are 26.29% off its target price of $291.67 and the current market capitalization stands at $100.03B. The recent change has given its price a -1.86% deficit over SMA 50 and -15.79% deficit over its 52-week high. The stock witnessed -2.72% declines, -6.91% declines and -3.48% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AVGO’s volatility during a week at 3.98% and during a month it has been found around 4.05%.

Broadcom Inc. (AVGO) Top Holders

Institutional investors currently hold around $89.61 billion or 87.5% in AVGO stock. Look at its top three institutional owners. Capital World Investors owns $10.79 billion in Broadcom Inc., which represents roughly 10.79% of the company’s market cap and approximately 12.04% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 33,632,811 shares of the stock are valued at $8.53 billion. The third largest holder is Capital International Investors, which currently holds $6.97 billion worth of this stock and that ownership represents nearly 6.97% of its market capitalization.

Broadcom Inc. 13F Filings

At the end of September reporting period, 539 institutional holders increased their position in Broadcom Inc. (NASDAQ:AVGO) by some 52,432,969 shares, 518 decreased positions by 62,942,708 and 98 held positions by 238,081,312. That puts total institutional holdings at 353,456,989 shares, according to SEC filings. The stock grabbed 148 new institutional investments totaling 5,322,926 shares while 137 institutional investors sold out their entire positions totaling 4,894,957 shares.

Broadcom Inc. (NASDAQ:AVGO) Insider Trades

Multiple company employees have indulged in significant insider trading. Broadcom Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President and CEO Tan Hock E has sold 20,000 shares of Broadcom Inc. (AVGO) in trading session dated Dec. 17, 2018. These shares are worth $5,129,400 and were traded at $256.47 each. The SEC filing shows that Eggebrecht Lewis C performed a sale of 2,000 shares. The Director disposed these shares by way of transaction on Dec. 14, 2018. The company’s shares were given away at $260.81 per share worth to an income of some $521,620 on account of Eggebrecht Lewis C.

SVP & Chief Sales Officer, Kawwas Charlie B, sold 10,000 common shares of Broadcom Inc. (AVGO) in the open market. In a transaction dated Dec. 13, 2018, the shares were put up for sale at an average price of $259.19, raking in a sum of $2,591,900. After this sale, 106,725 common shares of AVGO are directly owned by the insider, with total stake valued at $24,649,206.

In the transaction dated Dec. 13, 2018, the great number of shares disposed came courtesy the CFO; Krause Thomas H. disposed a total of 22,500 shares at an average price of $257.08, amounting to approximately $5,784,300. The insider now directly owns 107,082 shares worth $24,731,659.

Broadcom Inc. (AVGO) Analyst Guide

Several analysts have released their opinion on Broadcom Inc. (NASDAQ:AVGO), with 12 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 15 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.92 average brokerage recommendation.