Bridgewater Advisors Inc. grew its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 6.1% within the third quarter, in keeping with the corporate in its most up-to-date Kind 13F submitting with the Securities & Alternate Fee. The institutional investor owned 15,141 shares of the semiconductor producer’s inventory after buying a further 868 shares through the interval. Bridgewater Advisors Inc.’s holdings in Broadcom have been price $2,714,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
Different institutional buyers have additionally modified their holdings of the corporate. Swedbank AB grew its stake in shares of Broadcom by 858.7% through the third quarter. Swedbank AB now owns 18,369,841 shares of the semiconductor producer’s inventory price $3,168,798,000 after buying a further 16,453,718 shares within the final quarter. Van ECK Associates Corp grew its stake in shares of Broadcom by 917.8% through the third quarter. Van ECK Associates Corp now owns 12,701,500 shares of the semiconductor producer’s inventory price $2,203,837,000 after buying a further 11,453,554 shares within the final quarter. Raymond James & Associates grew its stake in shares of Broadcom by 855.4% through the third quarter. Raymond James & Associates now owns 12,674,158 shares of the semiconductor producer’s inventory price $2,186,292,000 after buying a further 11,347,563 shares within the final quarter. Worldwide Property Funding Administration LLC grew its stake in shares of Broadcom by 226,130.5% through the third quarter. Worldwide Property Funding Administration LLC now owns 8,246,100 shares of the semiconductor producer’s inventory price $14,224,520,000 after buying a further 8,242,455 shares within the final quarter. Lastly, Nationwide Pension Service grew its stake in shares of Broadcom by 1,045.4% through the third quarter. Nationwide Pension Service now owns 8,273,157 shares of the semiconductor producer’s inventory price $1,427,120,000 after buying a further 7,550,878 shares within the final quarter. Institutional buyers and hedge funds personal 76.43% of the corporate’s inventory.
Broadcom Buying and selling Down 0.1 %
Shares of Broadcom inventory opened at $183.64 on Friday. Broadcom Inc. has a 52-week low of $90.31 and a 52-week excessive of $186.42. 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 corporate’s 50-day easy shifting common is $170.75 and its 200-day easy shifting common is $157.78. The agency has a market cap of $857.71 billion, a price-to-earnings ratio of 159.55, a price-to-earnings-growth ratio of two.11 and a beta of 1.17.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly 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 web margin of 10.88% and a return on fairness of 30.12%. The enterprise had income of $13.07 billion for the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical interval within the earlier yr, the enterprise posted $0.95 earnings per share. The enterprise’s income was up 47.3% in comparison with the identical quarter final yr. As a gaggle, equities analysis analysts anticipate that Broadcom Inc. will publish 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The corporate additionally lately declared a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of report on Thursday, September nineteenth have been paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.15%. It is a optimistic change from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date of this dividend was Thursday, September nineteenth. Broadcom’s payout ratio is 184.19%.
Insider Transactions at Broadcom
In different Broadcom information, CEO Hock E. Tan offered 50,000 shares of the corporate’s inventory in a transaction dated Tuesday, September seventeenth. The shares have been offered at a median value of $163.37, for a complete transaction of $8,168,500.00. Following the transaction, the chief government officer now instantly owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which could be accessed by this hyperlink. In different Broadcom information, CEO Hock E. Tan offered 50,000 shares of the corporate’s inventory in a transaction dated Tuesday, September seventeenth. The shares have been offered at a median value of $163.37, for a complete transaction of $8,168,500.00. Following the transaction, the chief government officer now instantly owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a submitting with the SEC, which could be accessed by this hyperlink. Additionally, insider Mark David Brazeal offered 20,280 shares of the corporate’s inventory in a transaction dated Monday, October seventh. The inventory was offered at a median value of $177.10, for a complete transaction of $3,591,588.00. Following the transaction, the insider now owns 399,460 shares within the firm, valued at $70,744,366. The commerce was a 0.00 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Insiders have offered a complete of 311,080 shares of firm inventory price $53,540,590 over the past ninety days. 2.00% of the inventory is at the moment owned by firm insiders.
Wall Road Analyst Weigh In
Various equities analysts lately commented on AVGO shares. JPMorgan Chase & Co. boosted their goal value on shares of Broadcom from $200.00 to $210.00 and gave the inventory an “obese” ranking in a analysis be aware on Friday, September sixth. StockNews.com minimize shares of Broadcom from a “purchase” ranking to a “maintain” ranking in a analysis report on Tuesday, July twenty third. Benchmark reissued a “purchase” ranking and issued a $210.00 value goal on shares of Broadcom in a analysis report on Friday, September sixth. Truist Monetary boosted their value goal on shares of Broadcom from $204.00 to $205.00 and gave the corporate a “purchase” ranking in a analysis report on Tuesday, October eighth. Lastly, UBS Group boosted their value goal on shares of Broadcom from $170.00 to $200.00 and gave the corporate a “purchase” ranking in a analysis report on Monday, November 4th. Two funding analysts have rated the inventory with a maintain ranking, twenty-four have assigned a purchase ranking and one has assigned a robust purchase ranking to the inventory. In keeping with knowledge from MarketBeat, the corporate has a median ranking of “Reasonable Purchase” and a consensus value goal of $192.79.
Broadcom Profile
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a deal with complicated digital and blended sign complementary metallic 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.
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