Freemont Administration S.A. lessened its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 83.2% throughout the 2nd quarter, in keeping with its most up-to-date submitting with the Securities and Trade Fee (SEC). The agency owned 1,800 shares of the semiconductor producer’s inventory after promoting 8,900 shares throughout the interval. Broadcom accounts for about 1.4% of Freemont Administration S.A.’s portfolio, making the inventory its fifteenth largest place. Freemont Administration S.A.’s holdings in Broadcom had been value $2,890,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
Different institutional traders additionally just lately added to or decreased their stakes within the firm. Lion Road Advisors LLC raised its place in Broadcom by 1.9% throughout the second quarter. Lion Road Advisors LLC now owns 324 shares of the semiconductor producer’s inventory value $520,000 after buying a further 6 shares throughout the interval. Horizon Household Wealth Inc. boosted its place in Broadcom by 1.3% throughout the fourth quarter. Horizon Household Wealth Inc. now owns 640 shares of the semiconductor producer’s inventory value $715,000 after buying a further 8 shares over the last quarter. Tucker Asset Administration LLC grew its stake in Broadcom by 12.5% throughout the 4th quarter. Tucker Asset Administration LLC now owns 72 shares of the semiconductor producer’s inventory valued at $80,000 after buying a further 8 shares within the final quarter. Buckley Wealth Administration LLC raised its holdings in Broadcom by 0.7% within the 1st quarter. Buckley Wealth Administration LLC now owns 1,153 shares of the semiconductor producer’s inventory valued at $1,529,000 after buying a further 8 shares over the last quarter. Lastly, Legend Monetary Advisors Inc. raised its holdings in Broadcom by 72.7% within the 1st quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory valued at $25,000 after buying a further 8 shares over the last quarter. Hedge funds and different institutional traders personal 76.43% of the corporate’s inventory.
Insider Shopping for and Promoting
In different Broadcom information, CEO Hock E. Tan bought 7,502 shares of the inventory in a transaction dated Thursday, July eleventh. The inventory was bought at a median worth of $1,705.95, for a complete worth of $12,798,036.90. Following the sale, the chief govt officer now owns 138,191 shares of the corporate’s inventory, valued at roughly $235,746,936.45. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible via the SEC web site. In different Broadcom information, CEO Hock E. Tan bought 7,502 shares of the inventory in a transaction dated Thursday, July eleventh. The inventory was bought at a median worth of $1,705.95, for a complete worth of $12,798,036.90. Following the sale, the chief govt officer now owns 138,191 shares of the corporate’s inventory, valued at roughly $235,746,936.45. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is accessible via the SEC web site. Additionally, Director Justine Web page bought 2,540 shares of the inventory in a transaction dated Thursday, June twentieth. The shares had been bought at a median worth of $175.03, for a complete worth of $444,566.04. Following the completion of the sale, the director now straight owns 27,480 shares within the firm, valued at roughly $4,809,714.48. The disclosure for this sale could be discovered right here. 2.00% of the inventory is owned by company insiders.
Analyst Upgrades and Downgrades
A variety of analysis companies have just lately issued stories on AVGO. 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 report on Friday, September sixth. StockNews.com minimize Broadcom from a “purchase” ranking to a “maintain” ranking in a report on Tuesday, July twenty third. Evercore ISI lifted their worth goal on Broadcom from $162.00 to $201.00 and gave the inventory an “outperform” ranking in a report on Thursday, June thirteenth. Financial institution of America reissued a “purchase” ranking and issued a $215.00 worth goal (up beforehand from $200.00) on shares of Broadcom in a report on Monday, June twenty fourth. Lastly, Cantor Fitzgerald reaffirmed an “chubby” ranking and set a $200.00 goal worth on shares of Broadcom in a analysis notice on Friday, September sixth. Two funding analysts have rated the inventory with a maintain ranking and twenty-four have issued a purchase ranking to the inventory. In keeping with knowledge from MarketBeat.com, Broadcom presently has a median ranking of “Reasonable Purchase” and a consensus worth goal of $189.23.
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Broadcom Worth Efficiency
AVGO opened at $148.21 on Wednesday. The inventory’s 50-day shifting common worth is $188.66 and its 200 day shifting common worth is $156.32. Broadcom Inc. has a 12-month low of $79.51 and a 12-month excessive of $185.16. The corporate has a present ratio of 1.04, a fast ratio of 0.94 and a debt-to-equity ratio of 1.02. The agency has a market cap of $689.90 billion, a price-to-earnings ratio of 6.37, a PEG ratio of two.41 and a beta of 1.16.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted its earnings outcomes 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 for the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical quarter within the prior 12 months, the corporate earned $0.95 EPS. Broadcom’s income was up 47.3% on a year-over-year foundation. As a gaggle, sell-side analysts count on that Broadcom Inc. will submit 3.75 earnings per share for the present 12 months.
Broadcom Will increase Dividend
The corporate additionally just lately introduced a quarterly dividend, which might be paid on Monday, September thirtieth. Traders of report on Thursday, September nineteenth might be paid a dividend of $0.53 per share. It is a optimistic change from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date is Thursday, September nineteenth. This represents a $2.12 annualized dividend and a yield of 1.43%. Broadcom’s dividend payout ratio is presently 9.12%.
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.
Additional Studying
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