Buffington Mohr McNeal boosted its place in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,103.4% within the third quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the Securities & Change Fee. The fund owned 32,563 shares of the semiconductor producer’s inventory after shopping for a further 29,857 shares throughout the quarter. Buffington Mohr McNeal’s holdings in Broadcom have been price $5,617,000 on the finish of the newest quarter.
A number of different institutional buyers and hedge funds have additionally lately purchased and bought shares of AVGO. Lion Avenue Advisors LLC elevated its holdings in shares of Broadcom by 1.9% throughout the 2nd quarter. Lion Avenue Advisors LLC now owns 324 shares of the semiconductor producer’s inventory valued at $520,000 after buying a further 6 shares over the last quarter. Buckley Wealth Administration LLC lifted its holdings in Broadcom by 0.7% within the 1st quarter. Buckley Wealth Administration LLC now owns 1,153 shares of the semiconductor producer’s inventory price $1,529,000 after buying a further 8 shares over the last quarter. Legend Monetary Advisors Inc. boosted its place in Broadcom by 72.7% throughout the first quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory price $25,000 after buying a further 8 shares throughout the interval. Ascent Wealth Companions LLC grew its holdings in Broadcom by 0.3% throughout the first quarter. Ascent Wealth Companions LLC now owns 2,964 shares of the semiconductor producer’s inventory valued at $3,929,000 after buying a further 8 shares over the last quarter. Lastly, O Dell Group LLC raised its place in shares of Broadcom by 2.3% within the first quarter. O Dell Group LLC now owns 356 shares of the semiconductor producer’s inventory valued at $472,000 after buying a further 8 shares throughout the interval. Institutional buyers and hedge funds personal 76.43% of the corporate’s inventory.
Analyst Scores Adjustments
A lot of analysis analysts lately issued experiences on AVGO shares. Morgan Stanley raised their goal value on shares of Broadcom from $176.00 to $180.00 and gave the corporate an “chubby” score in a analysis be aware on Friday, September sixth. Oppenheimer lowered their value goal on Broadcom from $2,000.00 to $200.00 and set an “outperform” score on the inventory in a analysis report on Tuesday, July sixteenth. Mizuho boosted their value goal on Broadcom from $190.00 to $220.00 and gave the inventory an “outperform” score in a analysis report on Monday, October 14th. UBS Group decreased their goal value on Broadcom from $173.50 to $170.00 and set a “purchase” score for the corporate in a analysis be aware on Monday, September ninth. Lastly, JPMorgan Chase & Co. lifted their value goal on Broadcom from $200.00 to $210.00 and gave the inventory an “chubby” score in a analysis report on Friday, September sixth. Two analysis analysts have rated the inventory with a maintain score, twenty-four have assigned a purchase score and one has given a robust purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, Broadcom presently has a median score of “Reasonable Purchase” and a median value goal of $191.54.
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Broadcom Inventory Efficiency
NASDAQ:AVGO opened at $179.89 on Friday. The inventory has a market capitalization of $837.37 billion, a P/E ratio of seven.74, a price-to-earnings-growth ratio of two.99 and a beta of 1.17. The corporate has a present ratio of 1.04, a fast ratio of 0.94 and a debt-to-equity ratio of 1.02. Broadcom Inc. has a 1 12 months low of $81.83 and a 1 12 months excessive of $186.42. The agency has a 50 day transferring common of $166.52 and a 200-day transferring common of $153.25.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted its quarterly earnings knowledge 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 corporate had income of $13.07 billion for the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical quarter within the earlier 12 months, the agency earned $0.95 earnings per share. The enterprise’s income was up 47.3% on a year-over-year foundation. As a gaggle, sell-side analysts anticipate that Broadcom Inc. will submit 3.78 EPS for the present fiscal 12 months.
Broadcom Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth got a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, September nineteenth. It is a increase from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is presently 9.12%.
Insiders Place Their Bets
In different information, CEO Hock E. Tan bought 50,000 shares of the inventory in a transaction that occurred on Tuesday, September seventeenth. The shares have been bought at a median value of $163.37, for a complete transaction of $8,168,500.00. Following the sale, the chief government officer now straight owns 1,331,910 shares of the corporate’s inventory, valued at $217,594,136.70. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is on the market by this hyperlink. In different information, CEO Hock E. Tan bought 150,000 shares of the corporate’s inventory in a transaction on Tuesday, September twenty fourth. The inventory was bought at a median value of $172.94, for a complete transaction of $25,941,000.00. Following the transaction, the chief government officer now owns 1,181,910 shares of the corporate’s inventory, valued at $204,399,515.40. 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 on the market by this hyperlink. Additionally, CEO Hock E. Tan bought 50,000 shares of Broadcom inventory in a transaction dated Tuesday, September seventeenth. The inventory was bought at a median value of $163.37, for a complete worth of $8,168,500.00. Following the completion of the sale, the chief government officer now owns 1,331,910 shares of the corporate’s inventory, valued at roughly $217,594,136.70. The commerce was 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 bought 311,080 shares of firm inventory valued at $53,540,590. Insiders personal 2.00% of the corporate’s inventory.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a give attention to complicated digital and blended sign complementary steel oxide semiconductor based mostly gadgets and analog III-V based mostly merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
Additional Studying
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