FRG Household Wealth Advisors LLC elevated its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 910.0% through the second quarter, in response to its most up-to-date submitting with the SEC. The institutional investor owned 101,797 shares of the semiconductor producer’s inventory after buying a further 91,718 shares through the interval. Broadcom accounts for 23.7% of FRG Household Wealth Advisors LLC’s funding portfolio, making the inventory its largest place. FRG Household Wealth Advisors LLC’s holdings in Broadcom have been value $163,438,000 as of its most up-to-date submitting with the SEC.
Different giant buyers have additionally added to or diminished their stakes within the firm. Barry Funding Advisors LLC bought a brand new place in shares of Broadcom through the 4th quarter valued at $228,000. Vise Applied sciences Inc. boosted its stake in Broadcom by 49.9% through the fourth quarter. Vise Applied sciences Inc. now owns 2,901 shares of the semiconductor producer’s inventory valued at $3,238,000 after shopping for a further 966 shares through the interval. Soar Monetary LLC bought a brand new place in Broadcom through the fourth quarter value about $2,690,000. Barings LLC elevated its stake in Broadcom by 36.1% within the 4th quarter. Barings LLC now owns 494 shares of the semiconductor producer’s inventory value $551,000 after buying a further 131 shares over the last quarter. Lastly, Capital Worldwide Ltd. CA raised its holdings in shares of Broadcom by 1.7% within the 4th quarter. Capital Worldwide Ltd. CA now owns 78,268 shares of the semiconductor producer’s inventory valued at $87,367,000 after buying a further 1,310 shares within the final quarter. Institutional buyers 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 corporate’s inventory in a transaction that occurred on Thursday, July eleventh. The inventory was bought at a mean value of $1,705.95, for a complete transaction of $12,798,036.90. Following the transaction, the chief government officer now owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which might be accessed via this hyperlink. In different information, CEO Hock E. Tan bought 7,502 shares of the agency’s inventory in a transaction that occurred on Thursday, July eleventh. The inventory was bought at a mean value of $1,705.95, for a complete worth of $12,798,036.90. Following the completion of the transaction, the chief government officer now owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The transaction was disclosed in a doc filed with the SEC, which is offered at the SEC web site. Additionally, Director Justine Web page bought 2,540 shares of the corporate’s inventory in a transaction on Thursday, June twentieth. The inventory was bought at a mean value of $175.03, for a complete worth of $444,566.04. Following the completion of the sale, the director now immediately owns 27,480 shares within the firm, valued at $4,809,714.48. The disclosure for this sale might be discovered right here. 2.00% of the inventory is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysis corporations not too long ago weighed in on AVGO. Piper Sandler upped their value goal on shares of Broadcom from $165.00 to $200.00 and gave the inventory an “obese” score in a analysis report on Thursday, June thirteenth. TD Cowen elevated their value goal on shares of Broadcom from $175.00 to $210.00 and gave the inventory a “purchase” score in a report on Tuesday, July sixteenth. Jefferies Monetary Group lifted their value goal on shares of Broadcom from $155.00 to $205.00 and gave the inventory a “purchase” score in a report on Thursday, June thirteenth. UBS Group minimize their goal value on shares of Broadcom from $173.50 to $170.00 and set a “purchase” score for the corporate in a analysis report on Monday. Lastly, Wells Fargo & Firm lifted their value goal on Broadcom from $143.00 to $170.00 and gave the inventory an “equal weight” score in a analysis notice on Thursday, June thirteenth. Two analysts have rated the inventory with a maintain score and twenty-four have issued a purchase score to the corporate’s inventory. In keeping with knowledge from MarketBeat, the inventory at the moment has a mean score of “Average Purchase” and a consensus goal value of $189.23.
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Broadcom Buying and selling Up 6.8 %
AVGO opened at $158.27 on Thursday. The agency has a market capitalization of $736.73 billion, a price-to-earnings ratio of 6.81, a PEG ratio of two.41 and a beta of 1.16. Broadcom Inc. has a one 12 months low of $79.51 and a one 12 months excessive of $185.16. The enterprise has a 50 day easy shifting common of $188.37 and a two-hundred day easy shifting common of $156.34. 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 introduced its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. The corporate had income of $13.07 billion through the quarter, in comparison with analyst estimates of $12.98 billion. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The agency’s income was up 47.3% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency posted $0.95 earnings per share. Analysts predict that Broadcom Inc. will put up 3.75 EPS for the present 12 months.
Broadcom Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which will probably be paid on Monday, September thirtieth. Buyers of document on Thursday, September nineteenth will probably be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, September nineteenth. This represents a $2.12 annualized dividend and a dividend yield of 1.34%. It is a enhance from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s payout ratio is at the moment 9.12%.
About Broadcom
Broadcom Inc designs, develops, and provides varied 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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