Walkner Condon Monetary Advisors LLC lifted its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 886.9% through the third quarter, in line with the corporate in its most up-to-date disclosure with the Securities & Trade Fee. The institutional investor owned 3,326 shares of the semiconductor producer’s inventory after buying an extra 2,989 shares through the quarter. Walkner Condon Monetary Advisors LLC’s holdings in Broadcom had been value $574,000 on the finish of the latest reporting interval.
Quite a few different hedge funds and different institutional traders have additionally modified their holdings of AVGO. Swedbank AB raised its place in Broadcom by 858.7% within the third quarter. Swedbank AB now owns 18,369,841 shares of the semiconductor producer’s inventory value $3,168,798,000 after buying an extra 16,453,718 shares within the final quarter. Van ECK Associates Corp raised its place in Broadcom by 917.8% within the third quarter. Van ECK Associates Corp now owns 12,701,500 shares of the semiconductor producer’s inventory value $2,203,837,000 after buying an extra 11,453,554 shares within the final quarter. Raymond James & Associates raised its place in Broadcom by 855.4% within the third quarter. Raymond James & Associates now owns 12,674,158 shares of the semiconductor producer’s inventory value $2,186,292,000 after buying an extra 11,347,563 shares within the final quarter. Worldwide Property Funding Administration LLC raised its place in Broadcom by 226,130.5% within the third quarter. Worldwide Property Funding Administration LLC now owns 8,246,100 shares of the semiconductor producer’s inventory value $14,224,520,000 after buying an extra 8,242,455 shares within the final quarter. Lastly, Nationwide Pension Service raised its place in Broadcom by 1,045.4% within the third quarter. Nationwide Pension Service now owns 8,273,157 shares of the semiconductor producer’s inventory value $1,427,120,000 after buying an extra 7,550,878 shares within the final quarter. 76.43% of the inventory is at the moment owned by institutional traders.
Insider Shopping for and Promoting
In associated information, insider Charlie B. Kawwas offered 15,950 shares of the enterprise’s inventory in a transaction that occurred on Friday, October eleventh. The inventory was offered at a median value of $181.44, for a complete worth of $2,893,968.00. Following the completion of the sale, the insider now instantly owns 737,330 shares within the firm, valued at roughly $133,781,155.20. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is on the market by way of this hyperlink. In different information, CEO Hock E. Tan offered 50,000 shares of the corporate’s inventory in a transaction that occurred on Tuesday, September seventeenth. The inventory was offered at a median value of $163.37, for a complete transaction of $8,168,500.00. Following the completion of the transaction, the chief government officer now instantly owns 1,331,910 shares within the firm, valued at $217,594,136.70. The commerce was a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the Securities & Trade Fee, which may be accessed by way of the SEC web site. Additionally, insider Charlie B. Kawwas offered 15,950 shares of the corporate’s inventory in a transaction that occurred on Friday, October eleventh. The inventory was offered at a median value of $181.44, for a complete worth of $2,893,968.00. Following the transaction, the insider now owns 737,330 shares of the corporate’s inventory, valued at roughly $133,781,155.20. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Within the final ninety days, insiders offered 311,080 shares of firm inventory value $53,540,590. 2.00% of the inventory is at the moment owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages have commented on AVGO. TD Cowen upgraded shares of Broadcom to a “strong-buy” ranking in a analysis report on Monday, September sixteenth. JPMorgan Chase & Co. lifted their value goal on Broadcom from $200.00 to $210.00 and gave the inventory an “chubby” ranking in a analysis observe on Friday, September sixth. William Blair assumed protection on Broadcom in a analysis observe on Wednesday, September 18th. They issued an “outperform” ranking on the inventory. The Goldman Sachs Group lifted their value goal on Broadcom from $185.00 to $190.00 and gave the inventory a “purchase” ranking in a analysis observe on Friday, September sixth. Lastly, Truist Monetary lifted their value goal on Broadcom from $204.00 to $205.00 and gave the inventory a “purchase” ranking in a analysis observe on Tuesday, October eighth. Two analysis analysts have rated the inventory with a maintain ranking, twenty-four have given a purchase ranking and one has issued a robust purchase ranking to the inventory. In accordance with information from MarketBeat.com, the inventory has a consensus ranking of “Reasonable Purchase” and a median value goal of $192.79.
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Broadcom Buying and selling Down 0.1 %
Shares of NASDAQ AVGO opened at $183.64 on Friday. The inventory has a market cap of $857.71 billion, a price-to-earnings ratio of 159.55, a PEG ratio of two.11 and a beta of 1.17. The enterprise has a 50 day easy transferring common of $170.75 and a 200 day easy transferring common of $157.78. Broadcom Inc. has a 52 week low of $90.31 and a 52 week excessive of $186.42. 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 (NASDAQ:AVGO – Get Free Report) final posted its 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 internet margin of 10.88%. The agency had income of $13.07 billion through the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical interval within the earlier yr, the corporate earned $0.95 EPS. The corporate’s income for the quarter was up 47.3% on a year-over-year foundation. On common, analysis analysts predict that Broadcom Inc. will put up 3.78 earnings per share for the present fiscal yr.
Broadcom Will increase Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Monday, September thirtieth. Buyers of document on Thursday, September nineteenth had been issued a $0.53 dividend. It is a optimistic change 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 was Thursday, September nineteenth. Broadcom’s payout ratio is 184.19%.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a concentrate on advanced digital and blended sign complementary metallic oxide semiconductor primarily based gadgets and analog III-V primarily based merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
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