RPG Funding Advisory LLC acquired a brand new stake in Broadcom Inc. (NASDAQ:AVGO – Free Report) within the 2nd quarter, Holdings Channel reviews. The agency acquired 150 shares of the semiconductor producer’s inventory, valued at roughly $241,000.
A number of different hedge funds and different institutional traders have additionally modified their holdings of the inventory. Vanguard Group Inc. boosted its holdings in Broadcom by 3.0% within the 1st quarter. Vanguard Group Inc. now owns 44,651,273 shares of the semiconductor producer’s inventory valued at $59,181,244,000 after buying an extra 1,303,462 shares through the interval. Capital Worldwide Traders raised its holdings in Broadcom by 4.5% within the 4th quarter. Capital Worldwide Traders now owns 23,330,880 shares of the semiconductor producer’s inventory valued at $26,044,294,000 after buying an extra 1,006,223 shares within the final quarter. Norges Financial institution purchased a brand new stake in shares of Broadcom within the 4th quarter value roughly $6,225,987,000. Northern Belief Corp grew its holdings in shares of Broadcom by 3.7% through the 4th quarter. Northern Belief Corp now owns 4,825,465 shares of the semiconductor producer’s inventory value $5,386,425,000 after buying an extra 170,063 shares within the final quarter. Lastly, Jennison Associates LLC raised its stake in shares of Broadcom by 43.9% within the first quarter. Jennison Associates LLC now owns 4,141,025 shares of the semiconductor producer’s inventory valued at $5,488,556,000 after buying an extra 1,263,957 shares within the final quarter. Institutional traders and hedge funds personal 76.43% of the corporate’s inventory.
Analysts Set New Value Targets
AVGO has been the subject of a number of analyst reviews. Melius assumed protection on shares of Broadcom in a report on Monday, June third. They issued a “purchase” score and a $185.00 worth goal on the inventory. Financial institution of America reiterated a “purchase” score and set a $215.00 goal worth (up from $200.00) on shares of Broadcom in a analysis report on Monday, June twenty fourth. Wells Fargo & Firm elevated their worth goal on shares of Broadcom from $143.00 to $170.00 and gave the inventory an “equal weight” score in a analysis report on Thursday, June thirteenth. Morgan Stanley raised their worth goal on shares of Broadcom from $176.00 to $180.00 and gave the inventory an “chubby” score in a analysis word on Friday, September sixth. Lastly, Benchmark reiterated a “purchase” score and issued a $210.00 worth goal on shares of Broadcom in a analysis word on Friday, September sixth. Two analysts have rated the inventory with a maintain score and twenty-four have assigned a purchase score to the corporate. In line with MarketBeat, the inventory presently has a consensus score of “Average Purchase” and a mean worth goal of $189.23.
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Broadcom Inventory Up 6.8 %
Shares of Broadcom inventory opened at $158.27 on Thursday. Broadcom Inc. has a 12 month low of $79.51 and a 12 month excessive of $185.16. The enterprise has a fifty day easy shifting common of $188.37 and a 200 day easy shifting common of $156.34. The corporate has a fast ratio of 0.94, a present ratio of 1.04 and a debt-to-equity ratio of 1.02. The inventory has a market cap of $736.73 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of two.41 and a beta of 1.16.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The enterprise had income of $13.07 billion for the quarter, in comparison with the consensus estimate of $12.98 billion. Broadcom had a web margin of 10.88% and a return on fairness of 30.12%. Broadcom’s income for the quarter was up 47.3% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate posted $0.95 EPS. Analysis analysts predict that Broadcom Inc. will put up 3.75 EPS for the present 12 months.
Broadcom Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Monday, September thirtieth. Traders of file on Thursday, September nineteenth might be given a $0.53 dividend. The ex-dividend date is Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.34%. This can be a increase from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio is at present 9.12%.
Insider Shopping for and Promoting
In different Broadcom information, Director Justine Web page offered 2,540 shares of the inventory in a transaction dated Thursday, June twentieth. The inventory was offered at a mean worth of $175.03, for a complete worth of $444,566.04. Following the completion of the sale, the director now straight owns 27,480 shares within the firm, valued at $4,809,714.48. The sale was disclosed in a submitting with the Securities & Trade Fee, which will be accessed by means of this hyperlink. In different Broadcom information, CEO Hock E. Tan offered 7,502 shares of Broadcom inventory in a transaction that occurred on Thursday, July eleventh. The shares have been offered at a mean worth of $1,705.95, for a complete worth of $12,798,036.90. Following the transaction, the chief government officer now owns 138,191 shares of the corporate’s inventory, valued at $235,746,936.45. The sale was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. Additionally, Director Justine Web page offered 2,540 shares of the inventory in a transaction on Thursday, June twentieth. The inventory was offered at a mean worth of $175.03, for a complete transaction of $444,566.04. Following the sale, the director now straight owns 27,480 shares of the corporate’s inventory, valued at roughly $4,809,714.48. The disclosure for this sale will be discovered right here. 2.00% of the inventory is at present owned by firm insiders.
About Broadcom
Broadcom Inc designs, develops, and provides numerous semiconductor units with a give attention to complicated digital and combined sign complementary metallic 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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