Bay Harbor Wealth Administration LLC raised its place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 858.4% throughout the third quarter, in response to its most up-to-date disclosure with the Securities and Alternate Fee (SEC). The institutional investor owned 853 shares of the semiconductor producer’s inventory after buying an extra 764 shares throughout the quarter. Bay Harbor Wealth Administration LLC’s holdings in Broadcom have been value $147,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally modified their holdings of the corporate. Castleview Companions LLC raised its stake in Broadcom by 1,030.8% throughout the third quarter. Castleview Companions LLC now owns 147 shares of the semiconductor producer’s inventory valued at $25,000 after buying an extra 134 shares throughout the interval. Delta Asset Administration LLC TN grew its holdings in Broadcom by 242.9% throughout the 1st quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory valued at $32,000 after shopping for an extra 17 shares within the final quarter. Redmont Wealth Advisors LLC purchased a brand new stake in shares of Broadcom throughout the first quarter valued at roughly $36,000. Tsfg LLC lifted its holdings in shares of Broadcom by 1,073.7% within the third quarter. Tsfg LLC now owns 223 shares of the semiconductor producer’s inventory value $38,000 after shopping for an extra 204 shares within the final quarter. Lastly, Krane Funds Advisors LLC purchased a brand new place in shares of Broadcom throughout the third quarter value $42,000. 76.43% of the inventory is at present owned by institutional traders.
Broadcom Inventory Up 4.2 %
Shares of AVGO opened at $179.24 on Wednesday. The agency has a market capitalization of $834.34 billion, a P/E ratio of 155.86, a P/E/G ratio of two.99 and a beta of 1.17. Broadcom Inc. has a 12-month low of $82.72 and a 12-month excessive of $186.42. The agency has a fifty day shifting common value of $168.53 and a 200-day shifting common value of $155.27. 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 (NASDAQ:AVGO – Get Free Report) final issued its earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Broadcom had a web 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 corporate’s income for the quarter was up 47.3% in comparison with the identical quarter final yr. Equities analysis analysts count on that Broadcom Inc. will put up 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of document on Thursday, September nineteenth got a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, September nineteenth. This can be a constructive change from Broadcom’s earlier quarterly dividend of $0.53. This represents a $2.12 dividend on an annualized foundation and a yield of 1.18%. Broadcom’s payout ratio is 184.35%.
Wall Avenue Analysts Forecast Progress
A number of analysts have commented on AVGO shares. Oppenheimer decreased their value goal on shares of Broadcom from $2,000.00 to $200.00 and set an “outperform” ranking on the inventory in a analysis be aware on Tuesday, July sixteenth. JPMorgan Chase & Co. raised their value goal on Broadcom from $200.00 to $210.00 and gave the corporate an “obese” ranking in a report on Friday, September sixth. The Goldman Sachs Group upped their value goal on Broadcom from $185.00 to $190.00 and gave the inventory a “purchase” ranking in a report on Friday, September sixth. Cantor Fitzgerald raised their goal value on shares of Broadcom from $200.00 to $225.00 and gave the corporate an “obese” ranking in a report on Tuesday, October eighth. Lastly, StockNews.com lower shares of Broadcom from a “purchase” ranking to a “maintain” ranking in a analysis report on Tuesday, July twenty third. Two analysis analysts have rated the inventory with a maintain ranking, twenty-four have assigned a purchase ranking and one has given a powerful purchase ranking to the corporate. In line with knowledge from MarketBeat.com, the corporate at present has a consensus ranking of “Average Purchase” and a mean goal value of $191.54.
Learn Our Newest Evaluation on AVGO
Insiders Place Their Bets
In different information, CEO Hock E. Tan bought 50,000 shares of the agency’s inventory in a transaction on Tuesday, September seventeenth. The inventory was bought at a mean value of $163.37, for a complete transaction of $8,168,500.00. Following the transaction, the chief government officer now owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. In different Broadcom information, CEO Hock E. Tan bought 50,000 shares of the inventory in a transaction dated Tuesday, September seventeenth. The shares have been bought at a mean value of $163.37, for a complete transaction of $8,168,500.00. Following the transaction, the chief government officer now straight owns 1,331,910 shares within the firm, valued at $217,594,136.70. This represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the Securities & Alternate Fee, which is offered at the SEC web site. Additionally, Director Gayla J. Delly bought 750 shares of the agency’s inventory in a transaction dated Wednesday, September twenty fifth. The shares have been bought at a mean value of $174.53, for a complete transaction of $130,897.50. Following the transaction, the director now straight owns 34,750 shares within the firm, valued at $6,064,917.50. This commerce represents a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Within the final ninety days, insiders bought 311,080 shares of firm inventory value $53,540,590. 2.00% of the inventory is at present owned by firm insiders.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a give attention to advanced digital and blended sign complementary metallic 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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