Manchester Monetary Inc. raised its place in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 636.0% within the third quarter, in accordance with the corporate in its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The fund owned 3,128 shares of the semiconductor producer’s inventory after buying an extra 2,703 shares through the quarter. Manchester Monetary Inc.’s holdings in Broadcom had been price $540,000 on the finish of the latest reporting interval.
Different hedge funds and different institutional traders additionally not too long ago modified their holdings of the corporate. Swedbank AB lifted its stake in Broadcom by 858.7% within the third quarter. Swedbank AB now owns 18,369,841 shares of the semiconductor producer’s inventory valued at $3,168,798,000 after buying an extra 16,453,718 shares over the past quarter. Raymond James & Associates raised its stake in Broadcom by 855.4% within the third quarter. Raymond James & Associates now owns 12,674,158 shares of the semiconductor producer’s inventory valued at $2,186,292,000 after shopping for an extra 11,347,563 shares through the interval. Worldwide Property Funding Administration LLC lifted its place in shares of Broadcom by 226,130.5% within the third quarter. Worldwide Property Funding Administration LLC now owns 8,246,100 shares of the semiconductor producer’s inventory valued at $14,224,520,000 after shopping for an extra 8,242,455 shares over the past quarter. Pathway Monetary Advisers LLC lifted its place in shares of Broadcom by 156,028.8% within the third quarter. Pathway Monetary Advisers LLC now owns 7,284,970 shares of the semiconductor producer’s inventory valued at $1,256,657,000 after shopping for an extra 7,280,304 shares over the past quarter. Lastly, Mirae Asset International Investments Co. Ltd. boosted its stake in shares of Broadcom by 958.1% through the third quarter. Mirae Asset International Investments Co. Ltd. now owns 3,267,031 shares of the semiconductor producer’s inventory price $564,183,000 after buying an extra 2,958,257 shares through the interval. Institutional traders personal 76.43% of the corporate’s inventory.
Insider Exercise
In associated information, insider Mark David Brazeal offered 20,280 shares of the inventory in a transaction that occurred on Monday, October seventh. The shares had been offered at a mean worth of $177.10, for a complete worth of $3,591,588.00. Following the completion of the transaction, the insider now owns 399,460 shares of the corporate’s inventory, valued at $70,744,366. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is offered at this hyperlink. In different information, CEO Hock E. Tan offered 150,000 shares of the enterprise’s inventory in a transaction dated Tuesday, September twenty fourth. The inventory was offered at a mean worth of $172.94, for a complete transaction of $25,941,000.00. Following the sale, the chief government officer now instantly owns 1,181,910 shares within the firm, valued at roughly $204,399,515.40. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the SEC, which is accessible via the SEC web site. Additionally, insider Mark David Brazeal offered 20,280 shares of the corporate’s inventory in a transaction that occurred on Monday, October seventh. The shares had been offered at a mean worth of $177.10, for a complete worth of $3,591,588.00. Following the completion of the transaction, the insider now instantly owns 399,460 shares of the corporate’s inventory, valued at $70,744,366. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Within the final three months, insiders have offered 311,080 shares of firm inventory price $53,540,590. Company insiders personal 2.00% of the corporate’s inventory.
Broadcom Inventory Efficiency
NASDAQ AVGO opened at $179.24 on Wednesday. The agency’s 50 day easy transferring common is $168.53 and its 200 day easy transferring common is $155.27. The agency has a market capitalization of $834.34 billion, a price-to-earnings ratio of 155.86, a P/E/G ratio of two.99 and a beta of 1.17. The corporate has a present ratio of 1.04, a fast ratio of 0.94 and a debt-to-equity ratio of 1.02. Broadcom Inc. has a 1 12 months low of $82.72 and a 1 12 months excessive of $186.42.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Broadcom had a return on fairness of 30.12% and a internet margin of 10.88%. The agency had income of $13.07 billion for the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical quarter final 12 months, the enterprise posted $0.95 EPS. The corporate’s income was up 47.3% in comparison with the identical quarter final 12 months. As a bunch, analysis analysts anticipate that Broadcom Inc. will put up 3.78 earnings per share for the present fiscal 12 months.
Broadcom Will increase Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of file on Thursday, September nineteenth had been issued a $0.53 dividend. The ex-dividend date of this dividend was Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.18%. It is a increase from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio is 184.35%.
Wall Avenue Analyst Weigh In
A lot of equities analysis analysts not too long ago weighed in on AVGO shares. Rosenblatt Securities dropped their worth goal on Broadcom from $2,400.00 to $240.00 and set a “purchase” ranking on the inventory in a analysis notice on Friday, September sixth. Oppenheimer lower their goal worth on shares of Broadcom from $2,000.00 to $200.00 and set an “outperform” ranking for the corporate in a analysis notice on Tuesday, July sixteenth. JPMorgan Chase & Co. lifted their goal worth on shares of Broadcom from $200.00 to $210.00 and gave the inventory an “obese” ranking in a report on Friday, September sixth. TD Cowen raised shares of Broadcom to a “strong-buy” ranking in a report on Monday, September sixteenth. Lastly, UBS Group lowered their worth goal on Broadcom from $173.50 to $170.00 and set a “purchase” ranking for the corporate in a report on Monday, September ninth. Two analysts have rated the inventory with a maintain ranking, twenty-four have given a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. In accordance with knowledge from MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $191.54.
Learn Our Newest Evaluation on AVGO
Broadcom Firm Profile
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a give attention to complicated digital and blended sign complementary metallic oxide semiconductor primarily based gadgets and analog III-V primarily based merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
Featured Tales
Wish to see what different hedge funds are holding AVGO? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).
Obtain Information & Scores for Broadcom Each day – Enter your e mail handle under to obtain a concise every day abstract of the most recent information and analysts’ scores for Broadcom and associated corporations with MarketBeat.com’s FREE every day e mail e-newsletter.
