Fortitude Household Workplace LLC elevated its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,045.5% within the third quarter, HoldingsChannel stories. The fund owned 3,780 shares of the semiconductor producer’s inventory after buying a further 3,450 shares in the course of the quarter. Fortitude Household Workplace LLC’s holdings in Broadcom had been price $652,000 on the finish of the latest quarter.
A number of different hedge funds additionally not too long ago added to or lowered their stakes within the enterprise. Castleview Companions LLC lifted its stake in Broadcom by 1,030.8% in the course of the third quarter. Castleview Companions LLC now owns 147 shares of the semiconductor producer’s inventory price $25,000 after buying a further 134 shares within the final quarter. Delta Asset Administration LLC TN lifted its stake in Broadcom by 242.9% in the course of the first quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory price $32,000 after buying a further 17 shares within the final quarter. Tsfg LLC lifted its stake in Broadcom by 1,073.7% in the course of the third quarter. Tsfg LLC now owns 223 shares of the semiconductor producer’s inventory price $38,000 after buying a further 204 shares within the final quarter. Krane Funds Advisors LLC acquired a brand new place in Broadcom in the course of the third quarter price $42,000. Lastly, Redmont Wealth Advisors LLC lifted its stake in Broadcom by 900.0% in the course of the third quarter. Redmont Wealth Advisors LLC now owns 270 shares of the semiconductor producer’s inventory price $47,000 after buying a further 243 shares within the final quarter. 76.43% of the inventory is presently owned by hedge funds and different institutional buyers.
Broadcom Inventory Efficiency
Shares of AVGO inventory opened at $168.92 on Friday. The inventory’s 50-day transferring common is $168.94 and its two-hundred day transferring common is $156.03. The agency has a market cap of $788.95 billion, a price-to-earnings ratio of 146.76, a PEG ratio of two.84 and a beta of 1.17. Broadcom Inc. has a 1 yr low of $86.00 and a 1 yr excessive of $186.42. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 0.94 and a present ratio of 1.04.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly earnings knowledge on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. The corporate had income of $13.07 billion for the quarter, in comparison with analyst estimates of $12.98 billion. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The enterprise’s quarterly income was up 47.3% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the corporate posted $0.95 earnings per share. Analysts predict that Broadcom Inc. will publish 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of document on Thursday, September nineteenth had been issued a dividend of $0.53 per share. This can be a optimistic change from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date of this dividend was Thursday, September nineteenth. This represents a $2.12 annualized dividend and a dividend yield of 1.26%. Broadcom’s dividend payout ratio (DPR) is presently 184.19%.
Insider Shopping for and Promoting
In associated information, insider Charlie B. Kawwas bought 15,950 shares of the agency’s inventory in a transaction dated Friday, October eleventh. The inventory was bought at a median worth of $181.44, for a complete transaction of $2,893,968.00. Following the transaction, the insider now owns 737,330 shares of the corporate’s inventory, valued at $133,781,155.20. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is offered by means of this hyperlink. In associated information, insider Mark David Brazeal bought 20,280 shares of the agency’s inventory in a transaction dated Monday, October seventh. The inventory was bought at a median worth of $177.10, for a complete transaction of $3,591,588.00. Following the transaction, the insider now owns 399,460 shares of the corporate’s inventory, valued at $70,744,366. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is offered by means of this hyperlink. Additionally, insider Charlie B. Kawwas bought 15,950 shares of the agency’s inventory in a transaction dated Friday, October eleventh. The inventory was bought at a median worth of $181.44, for a complete worth of $2,893,968.00. Following the transaction, the insider now straight owns 737,330 shares within the firm, valued at roughly $133,781,155.20. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders have bought a complete of 311,080 shares of firm inventory valued at $53,540,590 during the last quarter. 2.00% of the inventory is presently owned by insiders.
Analyst Rankings Modifications
Various analysis analysts have commented on the corporate. Mizuho upped their worth goal on Broadcom from $190.00 to $220.00 and gave the inventory an “outperform” ranking in a analysis notice on Monday, October 14th. Truist Monetary elevated their worth goal on Broadcom from $204.00 to $205.00 and gave the corporate a “purchase” ranking in a analysis notice on Tuesday, October eighth. JPMorgan Chase & Co. elevated their worth goal on Broadcom from $200.00 to $210.00 and gave the corporate an “obese” ranking in a analysis notice on Friday, September sixth. Benchmark reiterated a “purchase” ranking and issued a $210.00 worth goal on shares of Broadcom in a analysis notice on Friday, September sixth. Lastly, Cantor Fitzgerald elevated their worth goal on Broadcom from $200.00 to $225.00 and gave the corporate an “obese” ranking in a analysis notice on Tuesday, October eighth. Two funding analysts have rated the inventory with a maintain ranking, twenty-four have assigned a purchase ranking and one has issued a robust purchase ranking to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a median ranking of “Reasonable Purchase” and a consensus goal worth of $191.54.
Examine Out Our Newest Inventory Evaluation on AVGO
Broadcom Firm Profile
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a deal with advanced digital and combined sign complementary steel oxide semiconductor primarily based gadgets and analog III-V primarily based merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
See Additionally
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