Harrington Investments INC purchased a brand new place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) in the course of the second quarter, Holdings Channel.com experiences. The agency purchased 129 shares of the semiconductor producer’s inventory, valued at roughly $207,000.
Different hedge funds have additionally modified their holdings of the corporate. Oak Thistle LLC acquired a brand new place in shares of Broadcom in the course of the second quarter valued at $942,000. Mount Lucas Administration LP purchased a brand new place in shares of Broadcom within the 2nd quarter valued at about $279,000. Clearwater Capital Advisors LLC acquired a brand new stake in shares of Broadcom in the course of the 2nd quarter price roughly $246,000. Ballentine Companions LLC raised its stake in shares of Broadcom by 8.5% in the course of the second quarter. Ballentine Companions LLC now owns 7,359 shares of the semiconductor producer’s inventory price $11,815,000 after shopping for an extra 576 shares over the last quarter. Lastly, MRA Advisory Group lifted its holdings in Broadcom by 38.9% within the second quarter. MRA Advisory Group now owns 897 shares of the semiconductor producer’s inventory valued at $1,440,000 after shopping for an extra 251 shares in the course of the interval. 76.43% of the inventory is owned by institutional buyers.
Analyst Upgrades and Downgrades
Quite a lot of analysts have commented on the inventory. Citigroup reaffirmed a “purchase” score and set a $156.00 goal worth on shares of Broadcom in a report on Tuesday, June eleventh. Cantor Fitzgerald reissued an “chubby” score and issued a $200.00 goal worth on shares of Broadcom in a analysis observe on Friday, September sixth. The Goldman Sachs Group boosted their goal worth on Broadcom from $185.00 to $190.00 and gave the inventory a “purchase” score in a analysis report on Friday, September sixth. Evercore ISI lifted their worth goal on shares of Broadcom from $162.00 to $201.00 and gave the inventory an “outperform” score in a analysis observe on Thursday, June thirteenth. Lastly, Melius Analysis started protection on shares of Broadcom in a report on Monday, June third. They set a “purchase” score and a $185.00 worth goal for the corporate. Two equities analysis analysts have rated the inventory with a maintain score and twenty-four have given a purchase score to the inventory. Primarily based on information from MarketBeat.com, the inventory at the moment has a median score of “Average Purchase” and a median goal worth of $189.23.
View Our Newest Evaluation on AVGO
Broadcom Buying and selling Up 5.2 %
NASDAQ AVGO opened at $148.21 on Wednesday. Broadcom Inc. has a 12 month low of $79.51 and a 12 month excessive of $185.16. The corporate has a present ratio of 1.04, a fast ratio of 0.94 and a debt-to-equity ratio of 1.02. The inventory has a 50 day shifting common of $188.66 and a 200-day shifting common of $156.32. The corporate has a market cap of $689.90 billion, a PE ratio of 6.37, a PEG ratio of two.41 and a beta of 1.16.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its quarterly earnings information on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The corporate had income of $13.07 billion in the course of the quarter, in comparison with the consensus estimate of $12.98 billion. Broadcom had a web margin of 10.88% and a return on fairness of 30.12%. The corporate’s quarterly income was up 47.3% on a year-over-year foundation. Throughout the identical quarter final yr, the agency posted $0.95 EPS. On common, equities analysis analysts anticipate that Broadcom Inc. will publish 3.75 EPS for the present fiscal yr.
Broadcom Will increase Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which might be paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth might be paid a $0.53 dividend. This can be a constructive change from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date of this dividend is Thursday, September nineteenth. This represents a $2.12 annualized dividend and a yield of 1.43%. Broadcom’s dividend payout ratio is at the moment 9.12%.
Insider Shopping for and Promoting at Broadcom
In different information, CEO Hock E. Tan offered 7,502 shares of Broadcom inventory in a transaction that occurred on Thursday, July eleventh. The inventory was offered at a median worth of $1,705.95, for a complete transaction of $12,798,036.90. Following the completion of the transaction, the chief govt officer now instantly owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The sale was disclosed in a submitting with the Securities & Alternate Fee, which is accessible via this hyperlink. In different information, CEO Hock E. Tan offered 7,502 shares of the agency’s inventory in a transaction dated Thursday, July eleventh. The shares had been offered at a median worth of $1,705.95, for a complete transaction of $12,798,036.90. Following the completion of the sale, the chief govt officer now owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The transaction was disclosed in a submitting with the SEC, which is accessible via this hyperlink. Additionally, Director Justine Web page offered 2,540 shares of Broadcom inventory in a transaction dated Thursday, June twentieth. The inventory was offered at a median worth of $175.03, for a complete transaction of $444,566.04. Following the sale, the director now instantly owns 27,480 shares of the corporate’s inventory, valued at roughly $4,809,714.48. The disclosure for this sale might be discovered right here. Company insiders personal 2.00% of the corporate’s inventory.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a give attention to advanced digital and combined sign complementary steel 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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