Guerra Pan Advisors LLC elevated its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 900.0% in the course of the third quarter, HoldingsChannel experiences. The fund owned 24,360 shares of the semiconductor producer’s inventory after buying a further 21,924 shares in the course of the quarter. Broadcom makes up about 3.4% of Guerra Pan Advisors LLC’s portfolio, making the inventory its fifth greatest holding. Guerra Pan Advisors LLC’s holdings in Broadcom had been value $4,202,000 on the finish of the newest reporting interval.
Different institutional buyers and hedge funds have additionally purchased and bought shares of the corporate. AXA S.A. elevated its holdings in Broadcom by 2.7% within the 2nd quarter. AXA S.A. now owns 291,078 shares of the semiconductor producer’s inventory valued at $467,334,000 after shopping for a further 7,608 shares in the course of the interval. Catalyst Monetary Companions LLC lifted its place in Broadcom by 943.3% in the course of the third quarter. Catalyst Monetary Companions LLC now owns 20,136 shares of the semiconductor producer’s inventory value $3,473,000 after shopping for a further 18,206 shares within the final quarter. Whittier Belief Co. lifted its place in Broadcom by 947.2% in the course of the third quarter. Whittier Belief Co. now owns 689,858 shares of the semiconductor producer’s inventory value $119,000,000 after shopping for a further 623,983 shares within the final quarter. Summit Place Monetary Advisors LLC lifted its place in Broadcom by 912.6% in the course of the third quarter. Summit Place Monetary Advisors LLC now owns 9,802 shares of the semiconductor producer’s inventory valued at $1,691,000 after buying a further 8,834 shares in the course of the interval. Lastly, Signaturefd LLC lifted its place in Broadcom by 913.0% in the course of the third quarter. Signaturefd LLC now owns 78,977 shares of the semiconductor producer’s inventory valued at $13,624,000 after buying a further 71,181 shares in the course of the interval. Institutional buyers personal 76.43% of the corporate’s inventory.
Insider Shopping for and Promoting at Broadcom
In different Broadcom information, insider Mark David Brazeal bought 18,900 shares of Broadcom inventory in a transaction dated Wednesday, October ninth. The inventory was bought at a mean worth of $182.88, for a complete worth of $3,456,432.00. Following the transaction, the insider now owns 380,560 shares within the firm, valued at $69,596,812.80. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. In different Broadcom information, insider Mark David Brazeal bought 18,900 shares of Broadcom inventory in a transaction dated Wednesday, October ninth. The inventory was bought at a mean worth of $182.88, for a complete worth of $3,456,432.00. Following the transaction, the insider now owns 380,560 shares within the firm, valued at $69,596,812.80. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is offered at this hyperlink. Additionally, insider Charlie B. Kawwas bought 15,950 shares of Broadcom inventory in a transaction dated Friday, October eleventh. The shares had been bought at a mean worth of $181.44, for a complete worth of $2,893,968.00. Following the completion of the transaction, the insider now owns 737,330 shares within the firm, valued at roughly $133,781,155.20. This represents a 0.00 % lower of their place. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 311,080 shares of firm inventory value $53,540,590 during the last 90 days. Insiders personal 2.00% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Quite a few analysts have lately commented on the corporate. The Goldman Sachs Group upped their worth goal on Broadcom from $185.00 to $190.00 and gave the corporate a “purchase” ranking in a analysis be aware on Friday, September sixth. Rosenblatt Securities lowered their goal worth on Broadcom from $2,400.00 to $240.00 and set a “purchase” ranking for the corporate in a analysis be aware on Friday, September sixth. StockNews.com minimize shares of Broadcom from a “purchase” ranking to a “maintain” ranking in a analysis be aware on Tuesday, July twenty third. Mizuho raised their worth goal on shares of Broadcom from $190.00 to $220.00 and gave the inventory an “outperform” ranking in a analysis be aware on Monday, October 14th. Lastly, Cantor Fitzgerald elevated their worth goal on Broadcom from $200.00 to $225.00 and gave the corporate an “chubby” ranking in a report on Tuesday, October eighth. Two funding analysts have rated the inventory with a maintain ranking, twenty-four have issued a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. Based on MarketBeat, the inventory presently has a mean ranking of “Average Purchase” and a mean goal worth of $192.79.
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Broadcom Inventory Down 1.5 %
Shares of NASDAQ AVGO opened at $176.22 on Wednesday. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 0.94 and a present ratio of 1.04. Broadcom Inc. has a 52 week low of $90.31 and a 52 week excessive of $186.42. The inventory has a market capitalization of $823.05 billion, a P/E ratio of 153.10, a PEG ratio of two.16 and a beta of 1.17. The inventory’s fifty day shifting common is $171.08 and its 200 day shifting common is $158.17.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly 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 return on fairness of 30.12% and a internet margin of 10.88%. The corporate had income of $13.07 billion for the quarter, in comparison with analysts’ expectations of $12.98 billion. Throughout the identical quarter final 12 months, the enterprise earned $0.95 earnings per share. Broadcom’s income was up 47.3% on a year-over-year foundation. Promote-side analysts forecast that Broadcom Inc. will publish 3.78 earnings per share for the present fiscal 12 months.
Broadcom Will increase Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of document on Thursday, September nineteenth got a $0.53 dividend. This represents a $2.12 dividend on an annualized foundation and a yield of 1.20%. The ex-dividend date was Thursday, September nineteenth. This can be a increase from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s payout ratio is at present 184.19%.
About Broadcom
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a deal with 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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