YHB Funding Advisors Inc. grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,068.5% through the third quarter, in accordance with its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The agency owned 10,937 shares of the semiconductor producer’s inventory after buying an extra 10,001 shares through the interval. YHB Funding Advisors Inc.’s holdings in Broadcom had been price $1,887,000 as of its most up-to-date SEC submitting.
Various different institutional buyers and hedge funds additionally not too long ago purchased and offered shares of the enterprise. Legend Monetary Advisors Inc. grew its place in shares of Broadcom by 72.7% through the first quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory price $25,000 after shopping for an extra 8 shares within the final quarter. Castleview Companions LLC grew its place in shares of Broadcom by 1,030.8% through the third quarter. Castleview Companions LLC now owns 147 shares of the semiconductor producer’s inventory price $25,000 after shopping for an extra 134 shares within the final quarter. Richardson Capital Administration LLC acquired a brand new place in shares of Broadcom through the first quarter price about $29,000. Delta Asset Administration LLC TN grew its place in shares of Broadcom by 242.9% through the first quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory price $32,000 after shopping for an extra 17 shares within the final quarter. Lastly, Redmont Wealth Advisors LLC acquired a brand new place in shares of Broadcom through the first quarter price about $36,000. 76.43% of the inventory is at present owned by hedge funds and different institutional buyers.
Broadcom Value Efficiency
Broadcom inventory opened at $173.00 on Friday. Broadcom Inc. has a 12 month low of $81.83 and a 12 month excessive of $186.42. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 1.04 and a fast ratio of 0.94. The enterprise has a 50 day easy shifting common of $168.03 and a 200-day easy shifting common of $154.41. The inventory has a market capitalization of $805.29 billion, a PE ratio of seven.44, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The agency had income of $13.07 billion through the quarter, in comparison with analysts’ expectations of $12.98 billion. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. Broadcom’s income was up 47.3% in comparison with the identical quarter final yr. Throughout the identical quarter within the prior yr, the enterprise posted $0.95 earnings per share. Equities analysts predict that Broadcom Inc. will submit 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of document on Thursday, September nineteenth got a $0.53 dividend. It is a enhance from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date of this dividend was Thursday, September nineteenth. This represents a $2.12 annualized dividend and a yield of 1.23%. Broadcom’s dividend payout ratio is presently 9.12%.
Analyst Rankings Modifications
Various brokerages not too long ago issued reviews on AVGO. StockNews.com downgraded Broadcom from a “purchase” ranking to a “maintain” ranking in a report on Tuesday, July twenty third. Rosenblatt Securities lowered their worth goal on Broadcom from $2,400.00 to $240.00 and set a “purchase” ranking for the corporate in a report on Friday, September sixth. Cantor Fitzgerald upped their worth goal on Broadcom from $200.00 to $225.00 and gave the corporate an “obese” ranking in a report on Tuesday, October eighth. TD Cowen raised Broadcom to a “strong-buy” ranking in a report on Monday, September sixteenth. Lastly, Truist Monetary upped their worth goal on Broadcom from $204.00 to $205.00 and gave the corporate a “purchase” ranking in a report on Tuesday, October eighth. Two analysis analysts have rated the inventory with a maintain ranking, twenty-four have issued a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat, the inventory presently has a median ranking of “Reasonable Purchase” and a median worth goal of $191.54.
View Our Newest Evaluation on AVGO
Insiders Place Their Bets
In different Broadcom information, insider Charlie B. Kawwas offered 25,200 shares of the inventory in a transaction on Thursday, September nineteenth. The inventory was offered at a median worth of $168.27, for a complete worth of $4,240,404.00. Following the completion of the transaction, the insider now owns 753,280 shares within the firm, valued at roughly $126,754,425.60. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which may be accessed via this hyperlink. In different Broadcom information, insider Charlie B. Kawwas offered 25,200 shares of the corporate’s inventory in a transaction on Thursday, September nineteenth. The inventory was offered at a median worth of $168.27, for a complete worth of $4,240,404.00. Following the sale, the insider now owns 753,280 shares of the corporate’s inventory, valued at roughly $126,754,425.60. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible via the SEC web site. Additionally, CEO Hock E. Tan offered 50,000 shares of the corporate’s inventory in a transaction on Tuesday, September seventeenth. The shares had been offered at a median worth of $163.37, for a complete worth of $8,168,500.00. Following the completion of the sale, the chief govt officer now immediately owns 1,331,910 shares within the firm, valued at $217,594,136.70. This commerce represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Over the past quarter, insiders offered 311,080 shares of firm inventory price $53,540,590. 2.00% of the inventory is owned by company insiders.
Broadcom Profile
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a deal with complicated digital and blended sign complementary metallic oxide semiconductor based mostly gadgets and analog III-V based mostly merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
See Additionally
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