Sentry Funding Administration LLC raised its place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 795.4% throughout the third quarter, in keeping with the corporate in its most up-to-date 13F submitting with the SEC. The fund owned 18,947 shares of the semiconductor producer’s inventory after buying an extra 16,831 shares throughout the quarter. Broadcom accounts for 1.4% of Sentry Funding Administration LLC’s portfolio, making the inventory its ninth largest place. Sentry Funding Administration LLC’s holdings in Broadcom have been price $3,268,000 on the finish of the latest reporting interval.
Quite a lot of different hedge funds have additionally modified their holdings of the corporate. Nvwm LLC raised its place in Broadcom by 17.1% throughout the 1st quarter. Nvwm LLC now owns 1,556 shares of the semiconductor producer’s inventory price $2,070,000 after shopping for an extra 227 shares over the past quarter. Zevenbergen Capital Investments LLC raised its holdings in shares of Broadcom by 5.7% throughout the first quarter. Zevenbergen Capital Investments LLC now owns 31,700 shares of the semiconductor producer’s inventory price $42,015,000 after buying an extra 1,700 shares over the past quarter. Mitsubishi UFJ Asset Administration UK Ltd. acquired a brand new place in Broadcom throughout the first quarter valued at $2,121,000. Illinois Municipal Retirement Fund boosted its holdings in Broadcom by 26.3% within the first quarter. Illinois Municipal Retirement Fund now owns 26,844 shares of the semiconductor producer’s inventory valued at $35,579,000 after buying an extra 5,584 shares over the past quarter. Lastly, Forsta AP Fonden grew its place in Broadcom by 7.9% throughout the 1st quarter. Forsta AP Fonden now owns 121,964 shares of the semiconductor producer’s inventory price $161,652,000 after buying an extra 8,900 shares throughout the interval. 76.43% of the inventory is owned by institutional buyers and hedge funds.
Broadcom Value Efficiency
AVGO inventory opened at $183.81 on Friday. Broadcom Inc. has a 1 yr low of $89.90 and a 1 yr excessive of $186.42. The agency has a market capitalization of $858.50 billion, a PE ratio of 159.70, a price-to-earnings-growth ratio of 1.99 and a beta of 1.17. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 1.04 and a fast ratio of 0.94. The enterprise has a 50 day easy shifting common of $169.80 and a 200-day easy shifting common of $156.94.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share (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 enterprise had income of $13.07 billion throughout the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical interval final yr, the corporate earned $0.95 EPS. The corporate’s income for the quarter was up 47.3% on a year-over-year foundation. Equities analysis analysts anticipate that Broadcom Inc. will put up 3.78 earnings per share for the present fiscal yr.
Broadcom Will increase Dividend
The corporate additionally not too long ago declared 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. The ex-dividend date was Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.15%. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is at the moment 184.19%.
Insider Exercise at Broadcom
In different Broadcom information, insider Charlie B. Kawwas offered 25,200 shares of the agency’s inventory in a transaction on Thursday, September nineteenth. The inventory was offered at a mean value of $168.27, for a complete transaction of $4,240,404.00. Following the completion of the sale, the insider now owns 753,280 shares of the corporate’s inventory, valued at $126,754,425.60. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there via the SEC web site. In different Broadcom information, insider Mark David Brazeal offered 18,900 shares of Broadcom inventory in a transaction dated Wednesday, October ninth. The shares have been offered at a mean value of $182.88, for a complete transaction of $3,456,432.00. Following the completion of the sale, the insider now straight owns 380,560 shares within the firm, valued at $69,596,812.80. This commerce represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there at the SEC web site. Additionally, insider Charlie B. Kawwas offered 25,200 shares of the corporate’s inventory in a transaction that occurred on Thursday, September nineteenth. The inventory was offered at a mean value of $168.27, for a complete transaction of $4,240,404.00. Following the completion of the transaction, the insider now owns 753,280 shares within the firm, valued at roughly $126,754,425.60. This represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale may be discovered right here. Over the past three months, insiders have offered 311,080 shares of firm inventory price $53,540,590. Insiders personal 2.00% of the corporate’s inventory.
Analyst Upgrades and Downgrades
A number of brokerages have not too long ago issued studies on AVGO. Rosenblatt Securities decreased their value goal on Broadcom from $2,400.00 to $240.00 and set a “purchase” score for the corporate in a report on Friday, September sixth. StockNews.com lower shares of Broadcom from a “purchase” score to a “maintain” score in a analysis be aware on Tuesday, July twenty third. Oppenheimer decreased their goal value on shares of Broadcom from $2,000.00 to $200.00 and set an “outperform” score for the corporate in a analysis be aware on Tuesday, July sixteenth. Mizuho raised their value goal on shares of Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” score in a analysis report on Monday, October 14th. Lastly, Truist Monetary upped their value goal on shares of Broadcom from $204.00 to $205.00 and gave the inventory a “purchase” score in a analysis report on Tuesday, October eighth. Two analysis analysts have rated the inventory with a maintain score, twenty-four have assigned a purchase score and one has assigned a robust purchase score to the corporate’s inventory. In response to MarketBeat, the corporate at the moment has a consensus score of “Average Purchase” and a consensus goal value of $192.79.
View Our Newest Evaluation on AVGO
About Broadcom
Broadcom Inc designs, develops, and provides varied semiconductor units with a give attention to advanced digital and blended sign complementary metallic oxide semiconductor primarily based units and analog III-V primarily based merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
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