PFG Investments LLC trimmed its holdings in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 9.0% within the second quarter, in response to its most up-to-date disclosure with the Securities & Trade Fee. The fund owned 2,480 shares of the semiconductor producer’s inventory after promoting 245 shares through the quarter. PFG Investments LLC’s holdings in Broadcom have been value $3,982,000 on the finish of the newest quarter.
A number of different institutional buyers and hedge funds have additionally added to or diminished their stakes within the inventory. Ashton Thomas Personal Wealth LLC boosted its place in Broadcom by 12.0% within the 2nd quarter. Ashton Thomas Personal Wealth LLC now owns 11,128 shares of the semiconductor producer’s inventory valued at $17,866,000 after shopping for a further 1,191 shares over the last quarter. Invera Wealth Advisors LLC lifted its stake in shares of Broadcom by 9.6% through the second quarter. Invera Wealth Advisors LLC now owns 916 shares of the semiconductor producer’s inventory valued at $1,570,000 after buying a further 80 shares through the interval. Fairbanks Capital Administration Inc. boosted its holdings in Broadcom by 2.5% within the second quarter. Fairbanks Capital Administration Inc. now owns 2,864 shares of the semiconductor producer’s inventory valued at $4,598,000 after buying a further 70 shares over the last quarter. Harrington Investments INC acquired a brand new stake in Broadcom within the second quarter value about $207,000. Lastly, Oak Thistle LLC purchased a brand new stake in Broadcom through the 2nd quarter value about $942,000. Institutional buyers and hedge funds personal 76.43% of the corporate’s inventory.
Analysts Set New Value Targets
AVGO has been the topic of a number of analyst reviews. Melius assumed protection on shares of Broadcom in a analysis report on Monday, June third. They set a “purchase” score and a $185.00 worth goal for the corporate. The Goldman Sachs Group lifted their goal worth on shares of Broadcom from $185.00 to $190.00 and gave the inventory a “purchase” score in a report on Friday, September sixth. Piper Sandler elevated their worth goal on Broadcom from $165.00 to $200.00 and gave the corporate an “obese” score in a analysis notice on Thursday, June thirteenth. UBS Group decreased their worth goal on Broadcom from $173.50 to $170.00 and set a “purchase” score for the corporate in a analysis notice on Monday. Lastly, StockNews.com lowered Broadcom from a “purchase” score to a “maintain” score in a analysis notice on Tuesday, July twenty third. Two analysts have rated the inventory with a maintain score and twenty-four have issued a purchase score to the corporate. In keeping with information from MarketBeat, the inventory presently has a consensus score of “Reasonable Purchase” and a consensus worth goal of $189.23.
View Our Newest Analysis Report on Broadcom
Broadcom Inventory Up 5.2 %
Shares of Broadcom inventory opened at $148.21 on Wednesday. Broadcom Inc. has a 52-week low of $79.51 and a 52-week excessive of $185.16. 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 enterprise’s 50 day easy transferring common is $188.66 and its 200 day easy transferring common is $156.32. The agency has a market cap of $689.90 billion, a PE ratio of 6.37, a P/E/G ratio of two.41 and a beta of 1.16.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The enterprise had income of $13.07 billion through 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 agency’s income was up 47.3% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the corporate posted $0.95 earnings per share. On common, analysts predict that Broadcom Inc. will submit 3.75 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 will likely be paid on Monday, September thirtieth. Stockholders of document on Thursday, September nineteenth will likely be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.43%. It is a enhance from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio is presently 9.12%.
Insiders Place Their Bets
In different information, Director Justine Web page bought 2,540 shares of the enterprise’s inventory in a transaction dated Thursday, June twentieth. The shares have been bought at a mean worth of $175.03, for a complete transaction of $444,566.04. Following the transaction, the director now instantly owns 27,480 shares within the firm, valued at roughly $4,809,714.48. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which will be accessed via the SEC web site. In associated information, CEO Hock E. Tan bought 7,502 shares of the inventory in a transaction on Thursday, July eleventh. The inventory was bought at a mean worth of $1,705.95, for a complete worth of $12,798,036.90. Following the sale, the chief government officer now owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The transaction was disclosed in a doc filed with the SEC, which will be accessed via this hyperlink. Additionally, Director Justine Web page bought 2,540 shares of Broadcom inventory in a transaction on Thursday, June twentieth. The inventory was bought at a mean worth of $175.03, for a complete transaction of $444,566.04. Following the transaction, the director now instantly owns 27,480 shares of the corporate’s inventory, valued at $4,809,714.48. The disclosure for this sale will be discovered right here. Insiders personal 2.00% of the corporate’s inventory.
Broadcom Firm Profile
Broadcom Inc designs, develops, and provides varied semiconductor units with a deal with complicated digital and combined 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.
See Additionally
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