Kowal Funding Group LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 16.4% within the second quarter, in keeping with the corporate in its most up-to-date disclosure with the Securities and Trade Fee (SEC). The fund owned 989 shares of the semiconductor producer’s inventory after buying a further 139 shares in the course of the interval. Kowal Funding Group LLC’s holdings in Broadcom have been value $1,588,000 as of its most up-to-date SEC submitting.
A number of different giant traders additionally lately purchased and bought shares of the inventory. Merriman Wealth Administration LLC boosted its holdings in shares of Broadcom by 27.0% within the second quarter. Merriman Wealth Administration LLC now owns 442 shares of the semiconductor producer’s inventory valued at $710,000 after buying a further 94 shares in the course of the interval. Symmetry Investments LP bought a brand new stake in Broadcom within the 2nd quarter valued at $2,569,000. Kayne Anderson Rudnick Funding Administration LLC boosted its stake in Broadcom by 2,948.9% in the course of the 2nd quarter. Kayne Anderson Rudnick Funding Administration LLC now owns 14,452 shares of the semiconductor producer’s inventory value $23,204,000 after buying a further 13,978 shares in the course of the interval. Ensign Peak Advisors Inc grew its place in Broadcom by 19.1% in the course of the 2nd quarter. Ensign Peak Advisors Inc now owns 524,537 shares of the semiconductor producer’s inventory value $842,160,000 after buying a further 84,196 shares over the last quarter. Lastly, RiverGlades Household Workplaces LLC acquired a brand new place in Broadcom within the second quarter valued at $210,000. Institutional traders and hedge funds personal 76.43% of the corporate’s inventory.
Insider Transactions at Broadcom
In different Broadcom information, CEO Hock E. Tan bought 50,000 shares of the inventory in a transaction on Tuesday, September seventeenth. The inventory was bought at a mean value of $163.37, for a complete transaction of $8,168,500.00. Following the sale, the chief govt officer now owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. The sale was disclosed in a authorized submitting with the SEC, which is out there by way of this hyperlink. In associated information, CEO Hock E. Tan bought 50,000 shares of the enterprise’s inventory in a transaction dated Tuesday, September seventeenth. The shares have been bought at a mean value of $163.37, for a complete worth of $8,168,500.00. Following the completion of the transaction, the chief govt officer now owns 1,331,910 shares of the corporate’s inventory, valued at roughly $217,594,136.70. The sale was disclosed in a submitting with the Securities & Trade Fee, which is out there at the SEC web site. Additionally, CEO Hock E. Tan bought 7,502 shares of the agency’s inventory in a transaction dated Thursday, July eleventh. The inventory was bought at a mean value of $1,705.95, for a complete transaction of $12,798,036.90. Following the sale, the chief govt officer now straight owns 138,191 shares within the firm, valued at $235,746,936.45. The disclosure for this sale may be discovered right here. Company insiders personal 2.00% of the corporate’s inventory.
Analyst Rankings Modifications
A variety of equities analysts lately issued experiences on the corporate. Benchmark reissued a “purchase” score and set a $210.00 value goal on shares of Broadcom in a report on Friday, September sixth. Melius Analysis assumed protection on Broadcom in a analysis observe on Monday, June third. They issued a “purchase” score and a $185.00 goal value on the inventory. Sanford C. Bernstein upped their value goal on Broadcom from $160.00 to $195.00 and gave the inventory an “outperform” score in a analysis observe on Thursday, June thirteenth. TD Cowen upgraded shares of Broadcom to a “strong-buy” score in a analysis report on Monday, September sixteenth. Lastly, Wells Fargo & Firm boosted their value goal on shares of Broadcom from $143.00 to $170.00 and gave the corporate an “equal weight” score in a analysis observe on Thursday, June thirteenth. Two funding analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has given a robust purchase score to the inventory. Primarily based on knowledge from MarketBeat.com, Broadcom presently has a consensus score of “Reasonable Purchase” and a mean goal value of $189.23.
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Broadcom Inventory Up 2.2 %
AVGO opened at $171.10 on Friday. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 0.94 and a present ratio of 1.04. The corporate has a market cap of $796.45 billion, a price-to-earnings ratio of seven.36, a PEG ratio of two.55 and a beta of 1.16. Broadcom Inc. has a one 12 months low of $79.51 and a one 12 months excessive of $185.16. The enterprise’s fifty day transferring common is $156.81 and its two-hundred day transferring common is $146.91.
Broadcom (NASDAQ:AVGO – Get Free Report) final launched its quarterly earnings knowledge on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, topping the consensus estimate 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 12 months, the agency earned $0.95 EPS. The enterprise’s income for the quarter was up 47.3% in comparison with the identical quarter final 12 months. Analysts anticipate that Broadcom Inc. will submit 3.77 EPS for the present fiscal 12 months.
Broadcom Will increase Dividend
The agency additionally lately declared a quarterly dividend, which will likely be paid on Monday, September thirtieth. Stockholders of document on Thursday, September nineteenth will likely be given a $0.53 dividend. The ex-dividend date of this dividend is Thursday, September nineteenth. This can be a constructive 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 dividend payout ratio is at the moment 9.12%.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a concentrate on complicated digital and blended 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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