Raymond James & Associates lifted its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 855.4% within the third quarter, Holdings Channel.com stories. The agency owned 12,674,158 shares of the semiconductor producer’s inventory after buying a further 11,347,563 shares throughout the quarter. Broadcom makes up about 1.3% of Raymond James & Associates’ holdings, making the inventory its eighth largest holding. Raymond James & Associates’ holdings in Broadcom had been value $2,186,292,000 as of its most up-to-date SEC submitting.
Quite a few different hedge funds and different institutional traders have additionally not too long ago modified their holdings of AVGO. Legend Monetary Advisors Inc. boosted its holdings in shares of Broadcom by 72.7% within the 1st quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory valued at $25,000 after shopping for a further 8 shares within the final quarter. Richardson Capital Administration LLC acquired a brand new stake in Broadcom within the first quarter valued at roughly $29,000. Delta Asset Administration LLC TN boosted its stake in Broadcom by 242.9% within the first quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory valued at $32,000 after buying a further 17 shares within the final quarter. Redmont Wealth Advisors LLC acquired a brand new place in shares of Broadcom throughout the first quarter value $36,000. Lastly, Tsfg LLC elevated its place in shares of Broadcom by 1,073.7% throughout the third quarter. Tsfg LLC now owns 223 shares of the semiconductor producer’s inventory value $38,000 after buying a further 204 shares within the final quarter. 76.43% of the inventory is at present owned by institutional traders.
Broadcom Value Efficiency
NASDAQ:AVGO opened at $179.89 on Monday. The corporate has a 50 day shifting common worth of $166.52 and a 200-day shifting common worth of $153.25. Broadcom Inc. has a 1-year low of $81.83 and a 1-year excessive of $186.42. The agency has a market cap of $837.37 billion, a price-to-earnings ratio of seven.74, a price-to-earnings-growth ratio of two.99 and a beta of 1.17. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 1.04 and a fast ratio of 0.94.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly earnings knowledge on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 throughout the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical quarter within the prior 12 months, the agency posted $0.95 earnings per share. The corporate’s income was up 47.3% in comparison with the identical quarter final 12 months. Equities analysis analysts forecast that Broadcom Inc. will submit 3.78 EPS for the present 12 months.
Broadcom Will increase Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth had been issued a $0.53 dividend. This can be a optimistic change 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 of this dividend was Thursday, September nineteenth. Broadcom’s dividend payout ratio (DPR) is presently 9.12%.
Analyst Scores Adjustments
A number of analysis analysts not too long ago weighed in on the corporate. UBS Group dropped their goal worth on Broadcom from $173.50 to $170.00 and set a “purchase” score on the inventory in a analysis word on Monday, September ninth. Benchmark restated a “purchase” score and set a $210.00 worth goal on shares of Broadcom in a analysis word on Friday, September sixth. Financial institution of America reaffirmed a “purchase” score and issued a $215.00 worth goal (up from $200.00) on shares of Broadcom in a analysis report on Monday, June twenty fourth. Rosenblatt Securities dropped their goal worth on shares of Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a analysis report on Friday, September sixth. Lastly, JPMorgan Chase & Co. raised their worth goal on shares of Broadcom from $200.00 to $210.00 and gave the inventory an “chubby” score in a report on Friday, September sixth. Two analysts have rated the inventory with a maintain score, twenty-four have given a purchase score and one has given a powerful purchase score to the corporate’s inventory. Based on knowledge from MarketBeat, the corporate presently has a median score of “Average Purchase” and a median worth goal of $191.54.
Verify Out Our Newest Inventory Report on AVGO
Insider Exercise
In associated information, CEO Hock E. Tan offered 150,000 shares of Broadcom inventory in a transaction on Tuesday, September twenty fourth. The shares had been offered at a median worth of $172.94, for a complete worth of $25,941,000.00. Following the sale, the chief govt officer now owns 1,181,910 shares of the corporate’s inventory, valued at roughly $204,399,515.40. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which will be accessed by the SEC web site. In associated information, CEO Hock E. Tan offered 150,000 shares of the corporate’s inventory in a transaction dated Tuesday, September twenty fourth. The shares had been offered at a median worth of $172.94, for a complete transaction of $25,941,000.00. Following the completion of the transaction, the chief govt officer now owns 1,181,910 shares within the firm, valued at $204,399,515.40. This represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is out there at the SEC web site. Additionally, insider Charlie B. Kawwas offered 15,950 shares of Broadcom inventory in a transaction dated Friday, October eleventh. The inventory was offered at a median worth of $181.44, for a complete worth of $2,893,968.00. Following the completion of the sale, the insider now owns 737,330 shares within the firm, valued at roughly $133,781,155.20. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Insiders offered 311,080 shares of firm inventory value $53,540,590 during the last three months. 2.00% of the inventory is at present owned by company insiders.
About Broadcom
Broadcom Inc designs, develops, and provides numerous semiconductor units with a give attention to complicated digital and combined 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.
Additional Studying
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