FDx Advisors Inc. raised its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 991.9% within the third quarter, Holdings Channel.com reviews. The agency owned 7,774 shares of the semiconductor producer’s inventory after buying an extra 7,062 shares through the interval. FDx Advisors Inc.’s holdings in Broadcom had been price $1,341,000 as of its most up-to-date SEC submitting.
Different institutional buyers and hedge funds have additionally made modifications to their positions within the firm. Lion Road Advisors LLC grew its place in Broadcom by 1.9% through the 2nd quarter. Lion Road Advisors LLC now owns 324 shares of the semiconductor producer’s inventory price $520,000 after buying an extra 6 shares over the last quarter. Optimum Funding Advisors grew its place in Broadcom by 0.6% through the 2nd quarter. Optimum Funding Advisors now owns 1,409 shares of the semiconductor producer’s inventory price $2,262,000 after buying an extra 8 shares over the last quarter. Anderson Hoagland & Co. grew its place in Broadcom by 0.3% through the 2nd quarter. Anderson Hoagland & Co. now owns 2,667 shares of the semiconductor producer’s inventory price $4,623,000 after buying an extra 9 shares over the last quarter. Wealth Group Ltd grew its place in Broadcom by 6.0% through the 2nd quarter. Wealth Group Ltd now owns 176 shares of the semiconductor producer’s inventory price $283,000 after buying an extra 10 shares over the last quarter. Lastly, Canandaigua Nationwide Financial institution & Belief Co. boosted its holdings in shares of Broadcom by 1.4% within the 2nd quarter. Canandaigua Nationwide Financial institution & Belief Co. now owns 723 shares of the semiconductor producer’s inventory valued at $1,161,000 after buying an extra 10 shares over the last quarter. Institutional buyers personal 76.43% of the corporate’s inventory.
Broadcom Inventory Efficiency
NASDAQ:AVGO opened at $170.38 on Friday. The agency’s fifty day shifting common value is $171.93 and its 200 day shifting common value is $158.86. Broadcom Inc. has a 1-year low of $90.31 and a 1-year excessive of $186.42. 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 agency has a market cap of $795.77 billion, a price-to-earnings ratio of 148.03, a price-to-earnings-growth ratio of two.07 and a beta of 1.17.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted its quarterly earnings information on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Broadcom had a internet margin of 10.88% and a return on fairness of 30.12%. The agency had income of $13.07 billion for the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical interval final yr, the agency posted $0.95 EPS. Broadcom’s quarterly income was up 47.3% on a year-over-year foundation. On common, sell-side analysts count on that Broadcom Inc. will submit 3.78 EPS for the present yr.
Broadcom Will increase Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Traders of file on Thursday, September nineteenth got a $0.53 dividend. The ex-dividend date of this dividend was Thursday, September nineteenth. This can be a optimistic change from Broadcom’s earlier quarterly dividend of $0.53. This represents a $2.12 annualized dividend and a dividend yield of 1.24%. Broadcom’s payout ratio is at present 184.19%.
Wall Road Analysts Forecast Progress
A number of analysts have just lately commented on the inventory. William Blair assumed protection on shares of Broadcom in a report on Wednesday, September 18th. They issued an “outperform” score on the inventory. Rosenblatt Securities lowered their value goal on shares of Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a report on Friday, September sixth. Benchmark reissued a “purchase” score and set a $210.00 value goal on shares of Broadcom in a report on Friday, September sixth. Truist Monetary elevated their value goal on shares of Broadcom from $204.00 to $205.00 and gave the inventory a “purchase” score in a report on Tuesday, October eighth. Lastly, Morgan Stanley elevated their value goal on shares of Broadcom from $176.00 to $180.00 and gave the inventory an “chubby” score in a report on Friday, September sixth. Two analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has issued a robust purchase score to the corporate. In keeping with information from MarketBeat, the corporate at present has a median score of “Reasonable Purchase” and a consensus goal value of $192.79.
Examine Out Our Newest Analysis Report on Broadcom
Insider Shopping for and Promoting
In different Broadcom information, insider Charlie B. Kawwas offered 25,200 shares of the inventory in a transaction that occurred on Thursday, September nineteenth. The shares had been offered at a median value of $168.27, for a complete worth 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 3.24 % lower of their possession of the inventory. The sale was disclosed in a authorized submitting with the Securities & Change Fee, which is out there by means of the SEC web site. Additionally, CEO Hock E. Tan offered 150,000 shares of the inventory in a transaction that occurred on Tuesday, September twenty fourth. The shares had been offered at a median value of $172.94, for a complete transaction of $25,941,000.00. Following the completion of the sale, the chief government officer now straight owns 1,181,910 shares of the corporate’s inventory, valued at $204,399,515.40. This commerce represents a 11.26 % lower of their place. The disclosure for this sale could be discovered right here. Insiders have offered 311,080 shares of firm inventory price $53,540,590 within the final three months. Company insiders personal 2.00% of the corporate’s inventory.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a deal with complicated digital and combined sign complementary steel 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.
Additional Studying
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