Farmers & Retailers Investments Inc. raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 889.6% through the third quarter, in response to its most up-to-date submitting with the Securities and Change Fee (SEC). The fund owned 236,760 shares of the semiconductor producer’s inventory after buying a further 212,836 shares through the quarter. Broadcom makes up 1.3% of Farmers & Retailers Investments Inc.’s portfolio, making the inventory its thirteenth greatest place. Farmers & Retailers Investments Inc.’s holdings in Broadcom had been value $40,841,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).
A number of different hedge funds additionally just lately added to or lowered their stakes in AVGO. Delta Asset Administration LLC TN boosted its holdings in shares of Broadcom by 242.9% within 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 a further 17 shares through the interval. Clear Level Advisors Inc. grew its place in shares of Broadcom by 310.0% through the first quarter. Clear Level Advisors Inc. now owns 41 shares of the semiconductor producer’s inventory value $54,000 after buying a further 31 shares over the past quarter. Ruedi Wealth Administration Inc. grew its place in shares of Broadcom by 104.0% through the first quarter. Ruedi Wealth Administration Inc. now owns 51 shares of the semiconductor producer’s inventory value $68,000 after buying a further 26 shares over the past quarter. Indiana Belief & Funding Administration CO boosted its stake in Broadcom by 39.5% through the 2nd quarter. Indiana Belief & Funding Administration CO now owns 53 shares of the semiconductor producer’s inventory valued at $85,000 after buying a further 15 shares through the interval. Lastly, Creekmur Asset Administration LLC grew its place in Broadcom by 89.7% within the 1st quarter. Creekmur Asset Administration LLC now owns 74 shares of the semiconductor producer’s inventory value $98,000 after buying a further 35 shares over the past quarter. 76.43% of the inventory is owned by institutional buyers and hedge funds.
Wall Avenue Analyst Weigh In
A number of equities analysts have just lately issued stories on AVGO shares. JPMorgan Chase & Co. boosted their worth goal on Broadcom from $200.00 to $210.00 and gave the inventory an “obese” score in a analysis report on Friday, September sixth. UBS Group lowered their worth goal on Broadcom from $173.50 to $170.00 and set a “purchase” score for the corporate in a analysis report on Monday, September ninth. Morgan Stanley raised their worth goal on Broadcom from $176.00 to $180.00 and gave the corporate an “obese” score in a report on Friday, September sixth. StockNews.com downgraded shares of Broadcom from a “purchase” score to a “maintain” score in a report on Tuesday, July twenty third. Lastly, Mizuho raised their goal worth on shares of Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” score in a analysis be aware on Monday, October 14th. Two analysis analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has given a robust purchase score to the corporate’s inventory. Primarily based on knowledge from MarketBeat, Broadcom at the moment has a median score of “Average Purchase” and a consensus goal worth of $191.54.
Learn Our Newest Evaluation on Broadcom
Insider Shopping for and Promoting at Broadcom
In different information, CEO Hock E. Tan bought 50,000 shares of the agency’s inventory in a transaction dated Tuesday, September seventeenth. The inventory was bought at a median worth of $163.37, for a complete transaction of $8,168,500.00. Following the completion of the sale, the chief government officer now straight owns 1,331,910 shares of the corporate’s inventory, valued at $217,594,136.70. This commerce represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible at 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 had been bought at a median worth 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 $217,594,136.70. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which will be accessed by way of this hyperlink. Additionally, insider Mark David Brazeal bought 18,900 shares of the agency’s inventory in a transaction on Wednesday, October ninth. The shares had been bought at a median worth of $182.88, for a complete transaction of $3,456,432.00. Following the transaction, the insider now owns 380,560 shares within the firm, valued at $69,596,812.80. This represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Insiders have bought 311,080 shares of firm inventory value $53,540,590 over the past 90 days. 2.00% of the inventory is at the moment owned by company insiders.
Broadcom Value Efficiency
Shares of NASDAQ:AVGO opened at $168.92 on Friday. The corporate has a market cap of $788.95 billion, a P/E ratio of 146.76, a price-to-earnings-growth ratio of two.84 and a beta of 1.17. The corporate’s fifty day shifting common is $168.94 and its two-hundred day shifting common is $156.03. The corporate has a fast ratio of 0.94, a present ratio of 1.04 and a debt-to-equity ratio of 1.02. Broadcom Inc. has a 12-month low of $86.00 and a 12-month excessive of $186.42.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its quarterly earnings knowledge 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. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The agency had income of $13.07 billion through the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical interval within the prior yr, the enterprise earned $0.95 EPS. The enterprise’s income for the quarter was up 47.3% on a year-over-year foundation. Equities analysts anticipate that Broadcom Inc. will publish 3.78 earnings per share for the present fiscal yr.
Broadcom Will increase Dividend
The corporate additionally just lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Traders of document on Thursday, September nineteenth got a dividend of $0.53 per share. It is a increase 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 dividend on an annualized foundation and a yield of 1.26%. Broadcom’s dividend payout ratio (DPR) is presently 184.19%.
About Broadcom
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a concentrate on complicated digital and combined sign complementary steel 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.
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