Nations Monetary Group Inc. IA ADV elevated its place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1,062.6% in the course of the third quarter, in response to the corporate in its most up-to-date Type 13F submitting with the SEC. The fund owned 69,210 shares of the semiconductor producer’s inventory after buying a further 63,257 shares in the course of the quarter. Broadcom makes up about 0.9% of Nations Monetary Group Inc. IA ADV’s holdings, making the inventory its twenty first largest place. Nations Monetary Group Inc. IA ADV’s holdings in Broadcom had been price $11,939,000 on the finish of the newest reporting interval.
A number of different hedge funds and different institutional buyers have additionally added to or lowered their stakes within the firm. Delta Asset Administration LLC TN boosted its stake in Broadcom by 242.9% within the first quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory valued at $32,000 after buying a further 17 shares over the last quarter. Clear Level Advisors Inc. boosted its stake in Broadcom by 310.0% within the first quarter. Clear Level Advisors Inc. now owns 41 shares of the semiconductor producer’s inventory valued at $54,000 after buying a further 31 shares over the last quarter. Indiana Belief & Funding Administration CO boosted its stake in Broadcom by 39.5% within the second quarter. Indiana Belief & Funding Administration CO now owns 53 shares of the semiconductor producer’s inventory valued at $85,000 after buying a further 15 shares over the last quarter. Creekmur Asset Administration LLC boosted its stake in Broadcom by 89.7% within the first quarter. Creekmur Asset Administration LLC now owns 74 shares of the semiconductor producer’s inventory valued at $98,000 after buying a further 35 shares over the last quarter. Lastly, Kiely Wealth Advisory Group Inc. bought a brand new place in Broadcom within the second quarter valued at about $128,000. 76.43% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Broadcom Inventory Efficiency
Broadcom inventory opened at $170.38 on Friday. The agency’s 50 day easy transferring common is $171.93 and its 200 day easy transferring common is $158.86. 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. 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.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted its quarterly earnings information on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, beating 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 final 12 months, the corporate posted $0.95 EPS. As a bunch, analysts count on that Broadcom Inc. will put up 3.78 earnings per share for the present fiscal 12 months.
Broadcom Will increase Dividend
The enterprise additionally not too long ago disclosed a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of file on Thursday, September nineteenth got a dividend of $0.53 per share. The ex-dividend date was Thursday, September nineteenth. This represents a $2.12 annualized dividend and a dividend yield of 1.24%. It is a enhance from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is 184.19%.
Insider Exercise
In associated information, CEO Hock E. Tan offered 150,000 shares of the inventory in a transaction on Tuesday, September twenty fourth. The shares had been offered at a mean worth of $172.94, for a complete transaction of $25,941,000.00. Following the transaction, the chief govt officer now owns 1,181,910 shares of the corporate’s inventory, valued at roughly $204,399,515.40. This commerce represents a 11.26 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of this hyperlink. Additionally, Director Gayla J. Delly offered 750 shares of the inventory in a transaction on Wednesday, September twenty fifth. The shares had been offered at a mean worth of $174.53, for a complete transaction of $130,897.50. Following the transaction, the director now instantly owns 34,750 shares within the firm, valued at roughly $6,064,917.50. This represents a 2.11 % lower of their place. The disclosure for this sale may be discovered right here. Within the final quarter, insiders have offered 311,080 shares of firm inventory price $53,540,590. 2.00% of the inventory is at the moment owned by company insiders.
Analysts Set New Worth Targets
AVGO has been the subject of quite a few analysis analyst studies. Morgan Stanley boosted their goal worth on shares of Broadcom from $176.00 to $180.00 and gave the corporate an “obese” score in a analysis notice on Friday, September sixth. Cantor Fitzgerald boosted their goal worth on shares of Broadcom from $200.00 to $225.00 and gave the corporate an “obese” score in a analysis notice on Tuesday, October eighth. TD Cowen raised shares of Broadcom to a “strong-buy” score in a analysis report on Monday, September sixteenth. Rosenblatt Securities lowered their worth goal on shares of Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a analysis report on Friday, September sixth. Lastly, Mizuho boosted their worth goal on shares of Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” score in a analysis report on Monday, October 14th. Two funding analysts have rated the inventory with a maintain score, twenty-four have assigned a purchase score and one has issued a powerful purchase score to the corporate’s inventory. In accordance with information from MarketBeat.com, the corporate has a mean score of “Average Purchase” and a consensus worth goal of $192.79.
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Broadcom Firm Profile
Broadcom Inc designs, develops, and provides varied semiconductor units with a deal with complicated digital and blended sign complementary steel oxide semiconductor based mostly units and analog III-V based mostly merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
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