Montecito Financial institution & Belief lifted its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,134.1% within the third quarter, in accordance with its most up-to-date 13F submitting with the SEC. The agency owned 20,783 shares of the semiconductor producer’s inventory after buying an extra 19,099 shares throughout the quarter. Montecito Financial institution & Belief’s holdings in Broadcom had been price $3,585,000 as of its most up-to-date SEC submitting.
Different institutional buyers and hedge funds have additionally modified their holdings of the corporate. Delta Asset Administration LLC TN lifted its stake in Broadcom by 242.9% within the 1st quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory valued at $32,000 after buying an extra 17 shares within the final quarter. Clear Level Advisors Inc. lifted its stake in Broadcom by 310.0% within the 1st quarter. Clear Level Advisors Inc. now owns 41 shares of the semiconductor producer’s inventory valued at $54,000 after buying an extra 31 shares within the final quarter. Indiana Belief & Funding Administration CO lifted its stake in Broadcom by 39.5% within the 2nd quarter. Indiana Belief & Funding Administration CO now owns 53 shares of the semiconductor producer’s inventory valued at $85,000 after buying an extra 15 shares within the final quarter. Creekmur Asset Administration LLC lifted its stake in Broadcom by 89.7% within the 1st quarter. Creekmur Asset Administration LLC now owns 74 shares of the semiconductor producer’s inventory valued at $98,000 after buying an extra 35 shares within the final quarter. Lastly, Kiely Wealth Advisory Group Inc. purchased a brand new stake in Broadcom within the 2nd quarter valued at roughly $128,000. 76.43% of the inventory is at present owned by institutional buyers and hedge funds.
Insider Shopping for and Promoting
In different Broadcom information, CEO Hock E. Tan bought 50,000 shares of Broadcom inventory in a transaction dated Tuesday, September seventeenth. The inventory was bought at a median worth of $163.37, for a complete worth of $8,168,500.00. Following the transaction, the chief government officer now owns 1,331,910 shares within the firm, valued at $217,594,136.70. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is accessible at this hyperlink. In different Broadcom information, insider Charlie B. Kawwas bought 15,950 shares of Broadcom 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 owns 737,330 shares within the firm, valued at $133,781,155.20. The commerce was a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a authorized submitting with the SEC, which is accessible at this hyperlink. Additionally, CEO Hock E. Tan bought 50,000 shares of Broadcom inventory in a transaction dated Tuesday, September seventeenth. The shares had been bought at a median worth of $163.37, for a complete worth of $8,168,500.00. Following the completion of the transaction, the chief government officer now owns 1,331,910 shares within the firm, valued at roughly $217,594,136.70. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. During the last quarter, insiders have bought 311,080 shares of firm inventory price $53,540,590. Firm insiders personal 2.00% of the corporate’s inventory.
Broadcom Inventory Down 0.1 %
AVGO opened at $183.64 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. Broadcom Inc. has a fifty-two week low of $90.31 and a fifty-two week excessive of $186.42. The corporate has a market capitalization of $857.71 billion, a P/E ratio of 159.55, a P/E/G ratio of two.11 and a beta of 1.17. The inventory has a fifty day shifting common of $170.75 and a 200-day shifting common of $157.78.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The corporate had income of $13.07 billion for the quarter, in comparison with analysts’ expectations of $12.98 billion. Throughout the identical quarter final yr, the enterprise earned $0.95 earnings per share. Broadcom’s income was up 47.3% on a year-over-year foundation. On common, equities analysts anticipate that Broadcom Inc. will publish 3.78 EPS for the present yr.
Broadcom Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Monday, September thirtieth. Buyers of file on Thursday, September nineteenth got a $0.53 dividend. The ex-dividend date was Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.15%. It is a enhance from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is presently 184.19%.
Analyst Upgrades and Downgrades
AVGO has been the subject of a number of analysis experiences. Benchmark restated a “purchase” score and issued a $210.00 goal worth on shares of Broadcom in a analysis notice on Friday, September sixth. Cantor Fitzgerald upped their worth goal on Broadcom from $200.00 to $225.00 and gave the inventory an “obese” score in a analysis notice on Tuesday, October eighth. StockNews.com minimize Broadcom from a “purchase” score to a “maintain” score in a analysis notice on Tuesday, July twenty third. William Blair began protection on Broadcom in a analysis notice on Wednesday, September 18th. They set an “outperform” score on the inventory. Lastly, Morgan Stanley upped their worth goal on Broadcom from $176.00 to $180.00 and gave the inventory an “obese” score in a analysis notice on Friday, September sixth. Two equities analysis 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 line with MarketBeat, the corporate has a consensus score of “Reasonable Purchase” and a median worth goal of $192.79.
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Broadcom Profile
Broadcom Inc designs, develops, and provides varied 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.
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