Cutter & CO Brokerage Inc. grew its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 899.2% in the course of the third quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee. The agency owned 16,566 shares of the semiconductor producer’s inventory after buying an extra 14,908 shares in the course of the interval. Cutter & CO Brokerage Inc.’s holdings in Broadcom have been value $2,858,000 as of its most up-to-date submitting with the Securities and Trade Fee.
A lot of different hedge funds have additionally modified their holdings of AVGO. China Common Asset Administration Co. Ltd. lifted its holdings in Broadcom by 56.3% in the course of the 1st quarter. China Common Asset Administration Co. Ltd. now owns 10,823 shares of the semiconductor producer’s inventory valued at $14,345,000 after buying an extra 3,898 shares over the past quarter. Hardy Reed LLC purchased a brand new place in shares of Broadcom within the first quarter valued at roughly $232,000. Regent Peak Wealth Advisors LLC boosted its holdings in shares of Broadcom by 1.0% within the 1st quarter. Regent Peak Wealth Advisors LLC now owns 1,256 shares of the semiconductor producer’s inventory value $1,665,000 after buying an extra 12 shares within the final quarter. Pullen Funding Administration LLC acquired a brand new place in shares of Broadcom within the 1st quarter value roughly $411,000. Lastly, Valley Brook Capital Group Inc. grew its place in Broadcom by 5.5% in the course of the 1st quarter. Valley Brook Capital Group Inc. now owns 1,725 shares of the semiconductor producer’s inventory value $2,286,000 after buying an extra 90 shares over the past quarter. 76.43% of the inventory is owned by institutional traders and hedge funds.
Broadcom Inventory Down 0.5 %
Shares of NASDAQ AVGO opened at $168.92 on Friday. Broadcom Inc. has a 52-week low of $86.00 and a 52-week excessive of $186.42. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 0.94 and a present ratio of 1.04. The inventory has a market cap of $788.95 billion, a P/E ratio of 146.76, a P/E/G ratio of two.84 and a beta of 1.17. The agency has a 50 day transferring common value of $168.94 and a 200 day transferring common value of $156.03.
Broadcom (NASDAQ:AVGO – Get Free Report) final launched its quarterly earnings knowledge on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The enterprise had income of $13.07 billion in the course of the quarter, in comparison with analysts’ expectations of $12.98 billion. Broadcom had a web margin of 10.88% and a return on fairness of 30.12%. The agency’s quarterly income was up 47.3% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the corporate earned $0.95 EPS. Analysts anticipate that Broadcom Inc. will publish 3.78 EPS for the present yr.
Broadcom Will increase Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of file on Thursday, September nineteenth have been issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Thursday, September nineteenth. It is a enhance from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s payout ratio is 184.19%.
Analysts Set New Worth Targets
A lot of analysis companies have commented on AVGO. Benchmark reissued a “purchase” score and issued a $210.00 value goal on shares of Broadcom in a analysis notice on Friday, September sixth. StockNews.com lowered shares of Broadcom from a “purchase” score to a “maintain” score in a report on Tuesday, July twenty third. UBS Group dropped their goal value on shares of Broadcom from $173.50 to $170.00 and set a “purchase” score for the corporate in a analysis notice on Monday, September ninth. Oppenheimer decreased their value goal on shares of Broadcom from $2,000.00 to $200.00 and set an “outperform” score on the inventory in a analysis notice on Tuesday, July sixteenth. Lastly, Morgan Stanley boosted their value goal on shares of Broadcom from $176.00 to $180.00 and gave the inventory an “obese” score in a analysis report on Friday, September sixth. Two analysis analysts have rated the inventory with a maintain score, twenty-four have given a purchase score and one has issued a robust purchase score to the inventory. In line with MarketBeat.com, Broadcom at the moment has a consensus score of “Average Purchase” and a median goal value of $191.54.
Get Our Newest Inventory Report on Broadcom
Insider Exercise at Broadcom
In different Broadcom information, CEO Hock E. Tan bought 50,000 shares of the agency’s inventory in a transaction that occurred on Tuesday, September seventeenth. The shares have been bought at a median value of $163.37, for a complete transaction of $8,168,500.00. Following the sale, the chief govt officer now straight owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible via this hyperlink. In different information, CEO Hock E. Tan bought 50,000 shares of the inventory in a transaction on Tuesday, September seventeenth. The shares have been bought at a median value of $163.37, for a complete transaction of $8,168,500.00. Following the completion of the sale, the chief govt officer now owns 1,331,910 shares of the corporate’s inventory, valued at $217,594,136.70. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is obtainable at this hyperlink. Additionally, insider Charlie B. Kawwas bought 25,200 shares of the enterprise’s inventory in a transaction on Thursday, September nineteenth. The shares have been bought at a median value of $168.27, for a complete transaction of $4,240,404.00. Following the completion of the sale, the insider now straight owns 753,280 shares within the firm, valued at $126,754,425.60. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Within the final three months, insiders bought 311,080 shares of firm inventory value $53,540,590. 2.00% of the inventory is owned by firm insiders.
Broadcom Firm Profile
Broadcom Inc designs, develops, and provides numerous 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.
Learn Extra
Obtain Information & Scores for Broadcom Day by day – Enter your e mail handle beneath to obtain a concise each day abstract of the most recent information and analysts’ scores for Broadcom and associated firms with MarketBeat.com’s FREE each day e mail e-newsletter.
