Jupiter Wealth Administration LLC decreased its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 5.3% in the course of the third quarter, based on the corporate in its most up-to-date submitting with the SEC. The institutional investor owned 23,311 shares of the semiconductor producer’s inventory after promoting 1,310 shares in the course of the quarter. Broadcom accounts for about 2.1% of Jupiter Wealth Administration LLC’s funding portfolio, making the inventory its 14th greatest holding. Jupiter Wealth Administration LLC’s holdings in Broadcom have been value $4,021,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally added to or lowered their stakes within the firm. Forge First Asset Administration Inc. purchased a brand new place in Broadcom in the course of the 1st quarter valued at $8,808,000. M&G Plc purchased a brand new place in shares of Broadcom in the course of the first quarter valued at about $588,782,000. First Basis Advisors boosted its holdings in Broadcom by 1.1% in the course of the first quarter. First Basis Advisors now owns 6,873 shares of the semiconductor producer’s inventory value $9,109,000 after buying an extra 78 shares over the last quarter. Jupiter Asset Administration Ltd. grew its place in Broadcom by 34.9% within the 1st quarter. Jupiter Asset Administration Ltd. now owns 10,129 shares of the semiconductor producer’s inventory value $13,425,000 after buying an extra 2,622 shares within the final quarter. Lastly, Nicolet Advisory Companies LLC elevated its stake in Broadcom by 42.7% within the 1st quarter. Nicolet Advisory Companies LLC now owns 692 shares of the semiconductor producer’s inventory valued at $923,000 after shopping for an extra 207 shares over the last quarter. Institutional traders and hedge funds personal 76.43% of the corporate’s inventory.
Broadcom Inventory Efficiency
Broadcom inventory opened at $170.38 on Friday. Broadcom Inc. has a 1-year low of $90.31 and a 1-year excessive of $186.42. 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 agency has a market capitalization of $795.77 billion, a PE ratio of 148.03, a price-to-earnings-growth ratio of two.07 and a beta of 1.17. The agency’s 50 day easy transferring common is $171.93 and its 200 day easy transferring common is $158.86.
Broadcom (NASDAQ:AVGO – Get Free Report) final launched its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. The agency had income of $13.07 billion for the quarter, in comparison with analysts’ expectations of $12.98 billion. Broadcom had a web margin of 10.88% and a return on fairness of 30.12%. The enterprise’s quarterly income was up 47.3% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency posted $0.95 earnings per share. As a bunch, analysts anticipate that Broadcom Inc. will publish 3.78 earnings per share for the present fiscal yr.
Broadcom Will increase Dividend
The agency additionally just lately declared a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of document on Thursday, September nineteenth got a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, September nineteenth. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is 184.19%.
Wall Road Analysts Forecast Progress
A number of analysis corporations have just lately issued experiences on AVGO. Mizuho upped their goal worth on Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” score in a report on Monday, October 14th. Benchmark reaffirmed a “purchase” score and set a $210.00 goal worth on shares of Broadcom in a analysis report on Friday, September sixth. StockNews.com downgraded shares of Broadcom from a “purchase” score to a “maintain” score in a report on Tuesday, July twenty third. TD Cowen upgraded shares of Broadcom to a “strong-buy” score in a report on Monday, September sixteenth. Lastly, Rosenblatt Securities dropped their goal worth on shares of Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a analysis be aware on Friday, September sixth. Two analysis analysts have rated the inventory with a maintain score, twenty-four have given a purchase score and one has issued a robust purchase score to the corporate’s inventory. Primarily based on information from MarketBeat.com, Broadcom presently has a consensus score of “Average Purchase” and a median worth goal of $192.79.
Test Out Our Newest Inventory Evaluation on Broadcom
Insider Shopping for and Promoting
In different Broadcom information, insider Charlie B. Kawwas offered 25,200 shares of the enterprise’s inventory in a transaction that occurred on Thursday, September nineteenth. The shares have been offered at a median worth of $168.27, for a complete worth of $4,240,404.00. Following the completion of the transaction, the insider now owns 753,280 shares of the corporate’s inventory, valued at $126,754,425.60. The commerce was a 3.24 % lower of their place. The transaction was disclosed in a submitting with the Securities & Trade Fee, which is offered at this hyperlink. Additionally, Director Gayla J. Delly offered 750 shares of the agency’s inventory in a transaction on Wednesday, September twenty fifth. The shares have been offered at a median worth of $174.53, for a complete transaction of $130,897.50. Following the sale, the director now owns 34,750 shares within the firm, valued at roughly $6,064,917.50. This commerce represents a 2.11 % lower of their place. The disclosure for this sale may be discovered right here. During the last three months, insiders have offered 311,080 shares of firm inventory value $53,540,590. Insiders personal 2.00% of the corporate’s inventory.
About Broadcom
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a concentrate on 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.
Beneficial Tales
Wish to see what different hedge funds are holding AVGO? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO – Free Report).
Obtain Information & Rankings for Broadcom Day by day – Enter your electronic mail deal with beneath to obtain a concise each day abstract of the most recent information and analysts’ scores for Broadcom and associated corporations with MarketBeat.com’s FREE each day electronic mail e-newsletter.
