Blake Schutter Theil Wealth Advisors LLC bought a brand new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) in the course of the third quarter, in response to its most up-to-date 13F submitting with the SEC. The agency bought 5,321 shares of the semiconductor producer’s inventory, valued at roughly $918,000.
A number of different giant traders have additionally just lately modified their holdings of AVGO. Delta Asset Administration LLC TN raised its stake in Broadcom by 242.9% within the first quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory valued at $32,000 after shopping for an extra 17 shares over the past quarter. Clear Level Advisors Inc. raised its stake in Broadcom by 310.0% within the 1st quarter. Clear Level Advisors Inc. now owns 41 shares of the semiconductor producer’s inventory value $54,000 after buying an extra 31 shares over the past quarter. Indiana Belief & Funding Administration CO lifted its place in Broadcom by 39.5% in the course of the 2nd quarter. Indiana Belief & Funding Administration CO now owns 53 shares of the semiconductor producer’s inventory value $85,000 after buying an extra 15 shares in the course of the interval. Creekmur Asset Administration LLC grew its stake in Broadcom by 89.7% in the course of the 1st quarter. Creekmur Asset Administration LLC now owns 74 shares of the semiconductor producer’s inventory valued at $98,000 after buying an extra 35 shares over the past quarter. Lastly, Kiely Wealth Advisory Group Inc. acquired a brand new place in shares of Broadcom within the second quarter valued at about $128,000. Institutional traders personal 76.43% of the corporate’s inventory.
Broadcom Buying and selling Down 0.1 %
Shares of Broadcom inventory opened at $183.64 on Friday. Broadcom Inc. has a 1-year low of $90.31 and a 1-year excessive of $186.42. The inventory has a market cap of $857.71 billion, a P/E ratio of 159.55, a P/E/G ratio of two.11 and a beta of 1.17. The inventory’s 50 day easy transferring common is $170.75 and its 200-day easy transferring common is $157.78. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 1.04 and a fast ratio of 0.94.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly earnings information on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share (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 web margin of 10.88%. The agency had income of $13.07 billion in the course of the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical interval final 12 months, the corporate earned $0.95 EPS. The corporate’s quarterly income was up 47.3% on a year-over-year foundation. Analysts predict that Broadcom Inc. will put up 3.78 EPS for the present fiscal 12 months.
Broadcom Will increase Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Monday, September thirtieth. Traders of report on Thursday, September nineteenth had been paid 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 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, September nineteenth. Broadcom’s dividend payout ratio is presently 184.19%.
Wall Road Analysts Forecast Progress
A variety of equities analysis analysts just lately commented on AVGO shares. UBS Group lifted their goal value on Broadcom from $170.00 to $200.00 and gave the inventory a “purchase” score in a report on Monday, November 4th. Benchmark reiterated a “purchase” score and issued a $210.00 value goal on shares of Broadcom in a analysis notice on Friday, September sixth. Truist Monetary boosted their goal value on shares of Broadcom from $204.00 to $205.00 and gave the corporate a “purchase” score in a analysis report on Tuesday, October eighth. William Blair assumed protection on Broadcom in a report on Wednesday, September 18th. They set an “outperform” score on the inventory. Lastly, Morgan Stanley elevated their value goal on shares of Broadcom from $176.00 to $180.00 and gave the inventory an “obese” score in a report on Friday, September sixth. Two equities analysis analysts have rated the inventory with a maintain score, twenty-four have assigned a purchase score and one has issued a powerful purchase score to the corporate’s inventory. Based mostly on information from MarketBeat.com, the corporate presently has a median score of “Average Purchase” and a median value goal of $192.79.
Insider Exercise
In associated information, Director Gayla J. Delly bought 750 shares of Broadcom inventory in a transaction that occurred on Wednesday, September twenty fifth. The shares had been bought at a median value of $174.53, for a complete worth of $130,897.50. Following the completion of the transaction, the director now owns 34,750 shares within the firm, valued at $6,064,917.50. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is on the market by way of this hyperlink. In associated information, Director Gayla J. Delly bought 750 shares of the enterprise’s inventory in a transaction on Wednesday, September twenty fifth. The shares had been bought at a median value of $174.53, for a complete transaction of $130,897.50. Following the completion of the transaction, the director now owns 34,750 shares within the firm, valued at roughly $6,064,917.50. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the SEC, which is accessible by way of the SEC web site. Additionally, insider Charlie B. Kawwas bought 25,200 shares of Broadcom inventory in a transaction dated Thursday, September nineteenth. The inventory was bought at a median value of $168.27, for a complete worth of $4,240,404.00. Following the sale, the insider now instantly owns 753,280 shares of the corporate’s inventory, valued at $126,754,425.60. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale might be discovered right here. Over the past three months, insiders have bought 311,080 shares of firm inventory value $53,540,590. Company 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 advanced digital and blended sign complementary steel 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.
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