Brilliant Futures Wealth Administration LLC. elevated its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 991.2% within the 2nd quarter, in accordance with its most up-to-date 13F submitting with the Securities & Trade Fee. The institutional investor owned 16,739 shares of the semiconductor producer’s inventory after buying an extra 15,205 shares through the quarter. Broadcom accounts for about 12.7% of Brilliant Futures Wealth Administration LLC.’s portfolio, making the inventory its largest place. Brilliant Futures Wealth Administration LLC.’s holdings in Broadcom have been value $26,875,000 as of its most up-to-date SEC submitting.
A number of different hedge funds additionally lately modified their holdings of AVGO. Lion Avenue Advisors LLC elevated its holdings in Broadcom by 1.9% within the 2nd quarter. Lion Avenue Advisors LLC now owns 324 shares of the semiconductor producer’s inventory value $520,000 after shopping for an extra 6 shares within the final quarter. Horizon Household Wealth Inc. elevated its holdings in Broadcom by 1.3% within the 4th quarter. Horizon Household Wealth Inc. now owns 640 shares of the semiconductor producer’s inventory value $715,000 after shopping for an extra 8 shares within the final quarter. Tucker Asset Administration LLC elevated its holdings in Broadcom by 12.5% within the 4th quarter. Tucker Asset Administration LLC now owns 72 shares of the semiconductor producer’s inventory value $80,000 after shopping for an extra 8 shares within the final quarter. Buckley Wealth Administration LLC elevated 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 value $1,529,000 after shopping for an extra 8 shares within the final quarter. Lastly, Legend Monetary Advisors Inc. elevated 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 value $25,000 after shopping for an extra 8 shares within the final quarter. Institutional buyers personal 76.43% of the corporate’s inventory.
Broadcom Inventory Up 6.8 %
NASDAQ AVGO opened at $158.27 on Thursday. 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 inventory has a market cap of $736.73 billion, a PE ratio of 6.81, a P/E/G ratio of two.41 and a beta of 1.16. The inventory’s 50 day shifting common is $188.37 and its 200 day shifting common is $156.34.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share 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 enterprise 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 corporate posted $0.95 EPS. The agency’s income for the quarter was up 47.3% in comparison with the identical quarter final yr. Analysis analysts predict that Broadcom Inc. will submit 3.75 EPS for the present fiscal yr.
Broadcom Will increase Dividend
The agency additionally lately declared a quarterly dividend, which will probably be paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth will probably be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.34%. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date is Thursday, September nineteenth. Broadcom’s dividend payout ratio is presently 9.12%.
Analyst Scores Modifications
A number of equities analysis analysts lately commented on the corporate. Evercore ISI lifted their value goal on Broadcom from $162.00 to $201.00 and gave the inventory an “outperform” score in a report on Thursday, June thirteenth. Oppenheimer decreased their value goal on Broadcom from $2,000.00 to $200.00 and set an “outperform” score for the corporate in a report on Tuesday, July sixteenth. Cantor Fitzgerald reiterated an “obese” score and issued a $200.00 value goal on shares of Broadcom in a report on Friday, September sixth. Truist Monetary boosted their value goal on Broadcom from $156.60 to $204.50 and gave the corporate a “purchase” score in a analysis word on Thursday, June thirteenth. Lastly, Mizuho boosted their value goal on Broadcom from $162.50 to $190.00 and gave the corporate a “purchase” score in a analysis word on Thursday, June thirteenth. Two analysts have rated the inventory with a maintain score and twenty-four have given a purchase score to the corporate. In accordance with information from MarketBeat, the corporate has a consensus score of “Average Purchase” and a consensus value goal of $189.23.
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Insiders Place Their Bets
In different Broadcom information, CEO Hock E. Tan offered 7,502 shares of the corporate’s inventory in a transaction that occurred on Thursday, July eleventh. The inventory was offered at a median value of $1,705.95, for a complete worth of $12,798,036.90. Following the completion of the transaction, the chief govt officer now straight owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is obtainable at the SEC web site. In different Broadcom information, CEO Hock E. Tan offered 7,502 shares of the corporate’s inventory in a transaction that occurred on Thursday, July eleventh. The inventory was offered at a median value of $1,705.95, for a complete worth of $12,798,036.90. Following the completion of the transaction, the chief govt officer now straight owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is obtainable at the SEC web site. Additionally, Director Justine Web page offered 2,540 shares of the inventory in a transaction that occurred on Thursday, June twentieth. The shares have been offered at a median value of $175.03, for a complete worth of $444,566.04. Following the transaction, the director now owns 27,480 shares of the corporate’s inventory, valued at $4,809,714.48. The disclosure for this sale will be discovered right here. 2.00% of the inventory is at the moment owned by company insiders.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a deal with advanced digital and combined sign complementary steel 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.
Additional Studying
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