Northwestern Mutual Wealth Administration Co. grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 9.9% throughout the second quarter, in accordance with the corporate in its most up-to-date disclosure with the SEC. The fund owned 46,857 shares of the semiconductor producer’s inventory after shopping for an extra 4,240 shares throughout the quarter. Northwestern Mutual Wealth Administration Co.’s holdings in Broadcom have been price $75,308,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional traders have additionally just lately modified their holdings of the corporate. Legend Monetary Advisors Inc. lifted its holdings in shares of Broadcom by 72.7% throughout the first quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory price $25,000 after buying an extra 8 shares throughout the interval. Richardson Capital Administration LLC acquired a brand new place in Broadcom within the first quarter valued at $29,000. Delta Asset Administration LLC TN lifted its holdings 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 shopping for an extra 17 shares throughout the interval. Redmont Wealth Advisors LLC acquired a brand new place in Broadcom within the first quarter valued at $36,000. Lastly, Creekmur Asset Administration LLC acquired a brand new place in Broadcom within the fourth quarter valued at $43,000. Institutional traders personal 76.43% of the corporate’s inventory.
Insiders Place Their Bets
In different Broadcom information, insider Charlie B. Kawwas offered 25,200 shares of the agency’s inventory in a transaction 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 sale, the insider now owns 753,280 shares of the corporate’s inventory, valued at roughly $126,754,425.60. The sale was disclosed in a authorized submitting with the SEC, which is out there via this hyperlink. In different information, Director Gayla J. Delly offered 750 shares of the agency’s inventory in a transaction dated Wednesday, September twenty fifth. The shares have been offered at a median worth of $174.53, for a complete worth of $130,897.50. Following the completion of the sale, the director now straight owns 34,750 shares of the corporate’s inventory, valued at roughly $6,064,917.50. The transaction was disclosed in a submitting with the SEC, which is out there at the SEC web site. Additionally, insider Charlie B. Kawwas offered 25,200 shares of the agency’s inventory in a transaction dated Thursday, September nineteenth. The inventory was offered at a median worth of $168.27, for a complete transaction of $4,240,404.00. Following the completion of the sale, the insider now straight owns 753,280 shares of the corporate’s inventory, valued at $126,754,425.60. The disclosure for this sale could be discovered right here. Insiders have offered a complete of 233,452 shares of firm inventory valued at $51,278,838 within the final quarter. Insiders personal 2.00% of the corporate’s inventory.
Broadcom Worth Efficiency
AVGO inventory opened at $172.69 on Monday. 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 52 week low of $80.89 and a 52 week excessive of $185.16. The agency’s fifty day shifting common is $158.00 and its 200 day shifting common is $148.25. The agency has a market cap of $803.85 billion, a P/E ratio of seven.43, a P/E/G ratio of two.78 and a beta of 1.16.
Broadcom (NASDAQ:AVGO – Get Free Report) final launched its earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, beating 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 corporate had income of $13.07 billion for the quarter, in comparison with analyst estimates of $12.98 billion. Throughout the identical quarter final yr, the agency earned $0.95 EPS. The agency’s quarterly income was up 47.3% in comparison with the identical quarter final yr. Analysis analysts predict that Broadcom Inc. will submit 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The corporate additionally just lately declared a quarterly dividend, which can be paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth can be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized foundation and a yield of 1.23%. The ex-dividend date is Thursday, September nineteenth. This can be a optimistic change from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio (DPR) is 9.12%.
Wall Road Analysts Forecast Progress
A number of equities analysts just lately issued studies on the inventory. Financial institution of America restated a “purchase” score and issued a $215.00 goal worth (up beforehand from $200.00) on shares of Broadcom in a report on Monday, June twenty fourth. Melius initiated protection on shares of Broadcom in a report on Monday, June third. They set a “purchase” score and a $185.00 worth goal on the inventory. JPMorgan Chase & Co. upped their worth goal on shares of Broadcom from $200.00 to $210.00 and gave the corporate an “obese” score in a report on Friday, September sixth. Citigroup reiterated a “purchase” score and set a $156.00 worth goal on shares of Broadcom in a report on Tuesday, June eleventh. Lastly, Morgan Stanley boosted their goal worth on shares of Broadcom from $176.00 to $180.00 and gave the inventory an “obese” score in a analysis report on Friday, September sixth. Two analysts have rated the inventory with a maintain score, twenty-four have assigned a purchase score and one has given a robust purchase score to the corporate’s inventory. Based on MarketBeat, Broadcom has a consensus score of “Reasonable Purchase” and a consensus goal worth of $189.23.
Test Out Our Newest Report on AVGO
Broadcom Profile
Broadcom Inc designs, develops, and provides varied semiconductor units with a give attention to advanced 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.
Advisable 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 & Scores for Broadcom Each day – Enter your electronic mail handle under to obtain a concise every day abstract of the most recent information and analysts’ rankings for Broadcom and associated corporations with MarketBeat.com’s FREE every day electronic mail e-newsletter.
