V Sq. Quantitative Administration LLC grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,144.0% throughout the third quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The fund owned 32,381 shares of the semiconductor producer’s inventory after shopping for a further 29,778 shares throughout the interval. Broadcom accounts for about 0.8% of V Sq. Quantitative Administration LLC’s funding portfolio, making the inventory its sixteenth largest place. V Sq. Quantitative Administration LLC’s holdings in Broadcom have been value $5,586,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).
Different hedge funds have additionally just lately modified their holdings of the corporate. Lion Avenue Advisors LLC elevated its place in Broadcom by 1.9% throughout the second quarter. Lion Avenue Advisors LLC now owns 324 shares of the semiconductor producer’s inventory valued at $520,000 after buying a further 6 shares over the past quarter. Buckley Wealth Administration LLC grew its holdings in Broadcom by 0.7% throughout the 1st quarter. Buckley Wealth Administration LLC now owns 1,153 shares of the semiconductor producer’s inventory valued at $1,529,000 after buying a further 8 shares over the past quarter. Legend Monetary Advisors Inc. raised its place in Broadcom by 72.7% within the 1st quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory value $25,000 after buying a further 8 shares throughout the interval. Ascent Wealth Companions LLC lifted its stake in Broadcom by 0.3% within the first quarter. Ascent Wealth Companions LLC now owns 2,964 shares of the semiconductor producer’s inventory value $3,929,000 after buying a further 8 shares over the past quarter. Lastly, O Dell Group LLC boosted its place in shares of Broadcom by 2.3% throughout the first quarter. O Dell Group LLC now owns 356 shares of the semiconductor producer’s inventory valued at $472,000 after shopping for a further 8 shares throughout the interval. Hedge funds and different institutional traders personal 76.43% of the corporate’s inventory.
Analyst Upgrades and Downgrades
AVGO has been the topic of various analysis analyst experiences. StockNews.com lowered Broadcom from a “purchase” score to a “maintain” score in a analysis word on Tuesday, July twenty third. William Blair initiated protection on shares of Broadcom in a analysis word on Wednesday, September 18th. They set an “outperform” score for the corporate. Rosenblatt Securities lower their value goal on shares of Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a report on Friday, September sixth. JPMorgan Chase & Co. boosted their value goal on shares of Broadcom from $200.00 to $210.00 and gave the corporate an “obese” score in a analysis report on Friday, September sixth. Lastly, Mizuho upped their goal value on shares of Broadcom from $190.00 to $220.00 and gave the inventory an “outperform” score in a analysis word on Monday, October 14th. Two analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has assigned a robust purchase score to the corporate’s inventory. In response to MarketBeat.com, the inventory presently has a median score of “Average Purchase” and a consensus value goal of $191.54.
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Insider Shopping for and Promoting at Broadcom
In associated information, insider Charlie B. Kawwas bought 25,200 shares of the agency’s inventory in a transaction dated Thursday, September nineteenth. The inventory was bought at a median value of $168.27, for a complete transaction of $4,240,404.00. Following the sale, the insider now straight owns 753,280 shares of the corporate’s inventory, valued at $126,754,425.60. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is on the market at this hyperlink. In different Broadcom information, insider Charlie B. Kawwas bought 25,200 shares of the enterprise’s inventory in a transaction that occurred on Thursday, September nineteenth. The inventory was bought at a median value of $168.27, for a complete worth of $4,240,404.00. Following the completion of the transaction, the insider now straight owns 753,280 shares of the corporate’s inventory, valued at roughly $126,754,425.60. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which will be accessed by way of this hyperlink. Additionally, CEO Hock E. Tan bought 150,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, September twenty fourth. The inventory was bought at a median value of $172.94, for a complete transaction of $25,941,000.00. Following the sale, the chief govt officer now straight owns 1,181,910 shares within the firm, valued at $204,399,515.40. The commerce was a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Within the final quarter, insiders bought 311,080 shares of firm inventory value $53,540,590. Insiders personal 2.00% of the corporate’s inventory.
Broadcom Value Efficiency
Shares of NASDAQ AVGO opened at $179.89 on Friday. Broadcom Inc. has a 52 week low of $81.83 and a 52 week excessive of $186.42. The enterprise’s 50 day shifting common value is $166.52 and its 200 day shifting common value is $153.25. The corporate has a fast ratio of 0.94, a present ratio of 1.04 and a debt-to-equity ratio of 1.02. The agency has a market cap of $837.37 billion, a P/E ratio of seven.74, a P/E/G ratio of two.99 and a beta of 1.17.
Broadcom (NASDAQ:AVGO – Get Free Report) final launched its quarterly earnings information on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. Broadcom had a internet margin of 10.88% and a return on fairness of 30.12%. The enterprise had income of $13.07 billion for the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical interval within the prior yr, the agency earned $0.95 EPS. The enterprise’s income for the quarter was up 47.3% on a year-over-year foundation. On common, sell-side analysts anticipate that Broadcom Inc. will put up 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The enterprise additionally just lately declared a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth got a dividend of $0.53 per share. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. This represents a $2.12 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, September nineteenth. Broadcom’s dividend payout ratio (DPR) is at the moment 9.12%.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a concentrate on complicated digital and blended sign complementary steel oxide semiconductor primarily based units and analog III-V primarily based merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
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