Convergence Monetary LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,028.0% within the third quarter, in line with the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 26,915 shares of the semiconductor producer’s inventory after buying an extra 24,529 shares throughout the quarter. Broadcom accounts for roughly 1.0% of Convergence Monetary LLC’s holdings, making the inventory its twenty third largest place. Convergence Monetary LLC’s holdings in Broadcom have been price $4,643,000 as of its most up-to-date SEC submitting.
Different institutional traders and hedge funds additionally not too long ago modified their holdings of the corporate. Vanguard Group Inc. boosted its stake in Broadcom by 3.0% throughout the first quarter. Vanguard Group Inc. now owns 44,651,273 shares of the semiconductor producer’s inventory valued at $59,181,244,000 after shopping for an extra 1,303,462 shares within the final quarter. Swedbank AB boosted its stake in Broadcom by 858.7% throughout the third quarter. Swedbank AB now owns 18,369,841 shares of the semiconductor producer’s inventory valued at $3,168,798,000 after shopping for an extra 16,453,718 shares within the final quarter. Raymond James & Associates boosted its stake in Broadcom by 855.4% throughout the third quarter. Raymond James & Associates now owns 12,674,158 shares of the semiconductor producer’s inventory valued at $2,186,292,000 after shopping for an extra 11,347,563 shares within the final quarter. Worldwide Property Funding Administration LLC lifted its holdings in shares of Broadcom by 226,130.5% throughout the third quarter. Worldwide Property Funding Administration LLC now owns 8,246,100 shares of the semiconductor producer’s inventory valued at $14,224,520,000 after buying an extra 8,242,455 shares over the past quarter. Lastly, Jennison Associates LLC boosted its place in shares of Broadcom by 43.9% within the 1st quarter. Jennison Associates LLC now owns 4,141,025 shares of the semiconductor producer’s inventory valued at $5,488,556,000 after buying an extra 1,263,957 shares throughout the interval. Institutional traders personal 76.43% of the corporate’s inventory.
Insider Transactions at Broadcom
In different information, Director Gayla J. Delly offered 750 shares of Broadcom inventory in a transaction that occurred on Wednesday, September twenty fifth. The inventory was offered at a mean worth of $174.53, for a complete transaction of $130,897.50. Following the sale, the director now owns 34,750 shares of the corporate’s inventory, valued at roughly $6,064,917.50. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Change Fee, which will be accessed by way of the SEC web site. In different Broadcom information, CEO Hock E. Tan offered 10,000 shares of the corporate’s inventory in a transaction on Tuesday, October 1st. The inventory was offered at a mean worth of $167.14, for a complete worth of $1,671,400.00. Following the sale, the chief government officer now straight owns 1,171,910 shares within the firm, valued at $195,873,037.40. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which is out there at this hyperlink. Additionally, Director Gayla J. Delly offered 750 shares of the corporate’s inventory in a transaction on Wednesday, September twenty fifth. The shares have been offered at a mean worth of $174.53, for a complete worth of $130,897.50. Following the completion of the sale, the director now owns 34,750 shares within the firm, valued at $6,064,917.50. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Within the final quarter, insiders have offered 311,080 shares of firm inventory valued at $53,540,590. 2.00% of the inventory is owned by company insiders.
Analyst Upgrades and Downgrades
A variety of equities analysts not too long ago weighed in on the corporate. William Blair assumed protection on Broadcom in a analysis report on Wednesday, September 18th. They issued an “outperform” ranking for the corporate. The Goldman Sachs Group elevated 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. Oppenheimer decreased their worth goal on Broadcom from $2,000.00 to $200.00 and set an “outperform” ranking for the corporate in a analysis report on Tuesday, July sixteenth. Morgan Stanley raised their worth goal on Broadcom from $176.00 to $180.00 and gave the inventory an “obese” ranking in a analysis report on Friday, September sixth. Lastly, JPMorgan Chase & Co. raised their worth goal on Broadcom from $200.00 to $210.00 and gave the inventory an “obese” ranking in a analysis report on Friday, September sixth. Two equities analysis analysts have rated the inventory with a maintain ranking, twenty-four have assigned a purchase ranking and one has assigned a powerful purchase ranking to the inventory. Based mostly on knowledge from MarketBeat, Broadcom presently has a mean ranking of “Average Purchase” and a mean goal worth of $191.54.
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Broadcom Inventory Efficiency
Shares of NASDAQ AVGO opened at $172.02 on Tuesday. The corporate has a fast ratio of 0.94, a present ratio of 1.04 and a debt-to-equity ratio of 1.02. The enterprise’s 50 day transferring common is $168.26 and its two-hundred day transferring common is $154.95. The corporate has a market cap of $800.73 billion, a P/E ratio of seven.40, a P/E/G ratio of two.99 and a beta of 1.17. Broadcom Inc. has a 12 month low of $82.72 and a 12 month excessive of $186.42.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its quarterly earnings knowledge 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 corporate had income of $13.07 billion for the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical quarter final yr, the agency earned $0.95 EPS. Broadcom’s income for the quarter was up 47.3% in comparison with the identical quarter final yr. On common, equities analysts count on that Broadcom Inc. will put up 3.78 EPS for the present yr.
Broadcom Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of document on Thursday, September nineteenth have been issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, September nineteenth. This can be a optimistic change from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is presently 9.12%.
Broadcom Profile
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a deal with complicated digital and blended sign complementary steel 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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