Lindbrook Capital LLC grew its place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 903.7% throughout the third quarter, in line with its most up-to-date 13F submitting with the Securities and Change Fee. The fund owned 69,265 shares of the semiconductor producer’s inventory after buying a further 62,364 shares throughout the quarter. Broadcom makes up about 1.1% of Lindbrook Capital LLC’s funding portfolio, making the inventory its 14th largest place. Lindbrook Capital LLC’s holdings in Broadcom had been price $11,948,000 on the finish of the latest reporting interval.
Different hedge funds additionally just lately purchased and bought shares of the corporate. Castleview Companions LLC grew its stake in shares of 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 shopping for a further 134 shares over the last quarter. Delta Asset Administration LLC TN boosted 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 buying a further 17 shares throughout the interval. Tsfg LLC grew its place in Broadcom by 1,073.7% throughout the third quarter. Tsfg LLC now owns 223 shares of the semiconductor producer’s inventory price $38,000 after buying a further 204 shares over the last quarter. Krane Funds Advisors LLC bought a brand new place in Broadcom within the third quarter price roughly $42,000. Lastly, Highline Wealth Companions LLC purchased a brand new stake in Broadcom within the third quarter valued at roughly $45,000. Institutional buyers personal 76.43% of the corporate’s inventory.
Analyst Scores Adjustments
A number of brokerages just lately commented on AVGO. Morgan Stanley lifted their goal worth on shares of Broadcom from $176.00 to $180.00 and gave the inventory an “chubby” score in a analysis be aware on Friday, September sixth. Rosenblatt Securities decreased their worth goal on shares of Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a analysis report on Friday, September sixth. Benchmark reiterated a “purchase” score and set a $210.00 goal worth on shares of Broadcom in a report on Friday, September sixth. Truist Monetary boosted their worth goal on Broadcom from $204.00 to $205.00 and gave the corporate a “purchase” score in a report on Tuesday, October eighth. Lastly, StockNews.com reduce Broadcom from a “purchase” score to a “maintain” score in a report on Tuesday, July twenty third. Two analysts have rated the inventory with a maintain score, twenty-four have assigned a purchase score and one has assigned a robust purchase score to the corporate’s inventory. In response to MarketBeat.com, Broadcom has a median score of “Average Purchase” and a median goal worth of $192.79.
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Broadcom Inventory Efficiency
Shares of AVGO inventory opened at $176.22 on Wednesday. The corporate has a market capitalization of $823.05 billion, a price-to-earnings ratio of 153.10, a price-to-earnings-growth ratio of two.16 and a beta of 1.17. 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 one yr low of $90.31 and a one yr excessive of $186.42. The corporate’s 50-day transferring common is $171.08 and its 200 day transferring common is $158.17.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The corporate had income of $13.07 billion throughout the quarter, in comparison with the consensus estimate 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% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the agency earned $0.95 earnings per share. Promote-side analysts anticipate that Broadcom Inc. will submit 3.78 EPS for the present fiscal yr.
Broadcom Will increase Dividend
The agency additionally just lately declared a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of report on Thursday, September nineteenth had been issued a dividend of $0.53 per share. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.20%. The ex-dividend date was Thursday, September nineteenth. Broadcom’s dividend payout ratio is presently 184.19%.
Insider Exercise at Broadcom
In different Broadcom information, CEO Hock E. Tan bought 150,000 shares of the corporate’s inventory in a transaction dated Tuesday, September twenty fourth. The shares had been bought at a median worth of $172.94, for a complete transaction of $25,941,000.00. Following the transaction, the chief government officer now owns 1,181,910 shares within the firm, valued at roughly $204,399,515.40. This represents a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. In different Broadcom information, CEO Hock E. Tan bought 50,000 shares of the enterprise’s 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 completion of the sale, the chief government officer now straight owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. The commerce was a 0.00 % lower of their place. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible by means of this hyperlink. Additionally, CEO Hock E. Tan bought 150,000 shares of the agency’s inventory in a transaction on Tuesday, September twenty fourth. The inventory was bought at a median worth of $172.94, for a complete worth of $25,941,000.00. Following the completion of the transaction, the chief government officer now owns 1,181,910 shares within the firm, valued at roughly $204,399,515.40. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Insiders have bought 311,080 shares of firm inventory valued at $53,540,590 over the past ninety days. Insiders personal 2.00% of the corporate’s inventory.
Broadcom Firm Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a concentrate on complicated digital and blended sign complementary metallic oxide semiconductor based mostly units and analog III-V based mostly merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
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