Laffer Tengler Investments Inc. lifted its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 830.4% within the third quarter, in line with the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 104,830 shares of the semiconductor producer’s inventory after buying a further 93,563 shares throughout the quarter. Broadcom accounts for roughly 3.7% of Laffer Tengler Investments Inc.’s funding portfolio, making the inventory its 2nd largest place. Laffer Tengler Investments Inc.’s holdings in Broadcom have been value $18,083,000 on the finish of the latest quarter.
Plenty of different institutional traders and hedge funds have additionally lately modified their holdings of AVGO. Vanguard Group Inc. lifted its place in Broadcom by 3.0% within the first quarter. Vanguard Group Inc. now owns 44,651,273 shares of the semiconductor producer’s inventory value $59,181,244,000 after shopping for a further 1,303,462 shares over the past quarter. Swedbank AB lifted 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 shopping for a further 16,453,718 shares over the past quarter. Van ECK Associates Corp lifted 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 shopping for a further 11,453,554 shares over the past quarter. Raymond James & Associates lifted 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 shopping for a further 11,347,563 shares over the past quarter. Lastly, Nationwide Pension Service lifted 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 shopping for a further 7,550,878 shares over the past quarter. 76.43% of the inventory is owned by hedge funds and different institutional traders.
Broadcom Worth Efficiency
Shares of AVGO inventory opened at $170.38 on Friday. Broadcom Inc. has a fifty-two week low of $90.31 and a fifty-two week excessive of $186.42. The agency has a market capitalization of $795.77 billion, a price-to-earnings ratio of 148.03, a PEG ratio of two.07 and a beta of 1.17. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 0.94 and a present ratio of 1.04. The inventory’s 50-day easy transferring common is $171.93 and its 200-day easy transferring common is $158.86.
Broadcom (NASDAQ:AVGO – Get Free Report) final launched its 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. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The agency had income of $13.07 billion throughout the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical quarter within the earlier yr, the corporate posted $0.95 earnings per share. The corporate’s income was up 47.3% in comparison with the identical quarter final yr. As a gaggle, equities analysts forecast that Broadcom Inc. will submit 3.78 earnings per share for the present fiscal yr.
Broadcom Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which was paid on Monday, September thirtieth. Traders of file on Thursday, September nineteenth have been issued a dividend of $0.53 per share. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date was Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.24%. Broadcom’s payout ratio is 184.19%.
Wall Road Analyst Weigh In
AVGO has been the topic of quite a few analyst stories. Morgan Stanley raised their value goal on Broadcom from $176.00 to $180.00 and gave the inventory an “obese” score in a analysis report on Friday, September sixth. StockNews.com downgraded Broadcom from a “purchase” score to a “maintain” score in a analysis report on Tuesday, July twenty third. TD Cowen upgraded Broadcom to a “strong-buy” score in a analysis report on Monday, September sixteenth. The Goldman Sachs Group lifted their goal value on Broadcom from $185.00 to $190.00 and gave the inventory a “purchase” score in a analysis report on Friday, September sixth. Lastly, JPMorgan Chase & Co. lifted their goal value on Broadcom from $200.00 to $210.00 and gave the inventory an “obese” score in a analysis report on Friday, September sixth. Two analysis analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has assigned a robust purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the corporate presently has a mean score of “Reasonable Purchase” and a mean goal value of $192.79.
View Our Newest Evaluation on AVGO
Insider Shopping for and Promoting
In different Broadcom information, insider Mark David Brazeal offered 18,900 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, October ninth. The inventory was offered at a mean value of $182.88, for a complete worth of $3,456,432.00. Following the completion of the transaction, the insider now straight owns 380,560 shares of the corporate’s inventory, valued at roughly $69,596,812.80. The commerce was a 4.73 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the SEC, which could be accessed by this hyperlink. Additionally, insider Charlie B. Kawwas offered 15,950 shares of the enterprise’s inventory in a transaction that occurred on Friday, October eleventh. The shares have been offered at a mean value of $181.44, for a complete worth of $2,893,968.00. Following the completion of the transaction, the insider now straight owns 737,330 shares of the corporate’s inventory, valued at $133,781,155.20. The commerce was a 2.12 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Insiders offered 311,080 shares of firm inventory valued at $53,540,590 during the last quarter. 2.00% of the inventory is at present owned by firm insiders.
Broadcom Firm Profile
Broadcom Inc designs, develops, and provides varied semiconductor units with a concentrate on complicated digital and blended sign complementary metallic 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.
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