Silicon Valley Capital Companions elevated its holdings in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 7,987.0% through the third quarter, HoldingsChannel.com reviews. The institutional investor owned 62,351 shares of the semiconductor producer’s inventory after buying an extra 61,580 shares through the quarter. Broadcom contains about 1.4% of Silicon Valley Capital Companions’ funding portfolio, making the inventory its 18th greatest holding. Silicon Valley Capital Companions’ holdings in Broadcom had been value $10,755,000 on the finish of the newest reporting interval.
A lot of different hedge funds have additionally lately added to or lowered their stakes in AVGO. Vanguard Group Inc. boosted its place in shares of Broadcom by 3.0% within the first quarter. Vanguard Group Inc. now owns 44,651,273 shares of the semiconductor producer’s inventory value $59,181,244,000 after buying an extra 1,303,462 shares over the last quarter. Swedbank AB elevated its place in Broadcom by 858.7% through the third quarter. Swedbank AB now owns 18,369,841 shares of the semiconductor producer’s inventory value $3,168,798,000 after buying an extra 16,453,718 shares within the final quarter. Van ECK Associates Corp raised its holdings in Broadcom by 917.8% within the third quarter. Van ECK Associates Corp now owns 12,701,500 shares of the semiconductor producer’s inventory valued at $2,203,837,000 after shopping for an extra 11,453,554 shares through the interval. Raymond James & Associates lifted its place in Broadcom by 855.4% through the third quarter. Raymond James & Associates now owns 12,674,158 shares of the semiconductor producer’s inventory valued at $2,186,292,000 after shopping for an extra 11,347,563 shares within the final quarter. Lastly, Worldwide Belongings Funding Administration LLC elevated its place in shares of Broadcom by 226,130.5% within the third quarter. Worldwide Belongings Funding Administration LLC now owns 8,246,100 shares of the semiconductor producer’s inventory value $14,224,520,000 after buying an extra 8,242,455 shares within the final quarter. 76.43% of the inventory is owned by institutional traders and hedge funds.
Broadcom Inventory Efficiency
Broadcom inventory opened at $179.55 on Thursday. The corporate has a market cap of $838.60 billion, a PE ratio of 156.13, a P/E/G ratio of 1.99 and a beta of 1.17. Broadcom Inc. has a 12 month low of $87.62 and a 12 month excessive of $186.42. The corporate has a fifty day transferring common worth of $169.80 and a two-hundred day transferring common worth of $156.94. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 1.04 and a fast ratio of 0.94.
Broadcom (NASDAQ:AVGO – Get Free Report) final introduced its quarterly earnings information 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. Broadcom had a internet margin of 10.88% and a return on fairness of 30.12%. The enterprise had income of $13.07 billion through the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical quarter within the prior yr, the agency earned $0.95 EPS. The corporate’s income for the quarter was up 47.3% in comparison with the identical quarter final yr. Analysis analysts anticipate that Broadcom Inc. will submit 3.78 earnings per share for the present yr.
Broadcom Will increase Dividend
The enterprise additionally lately declared a quarterly dividend, which was paid on Monday, September thirtieth. Traders of file on Thursday, September nineteenth had been issued a $0.53 dividend. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. The ex-dividend date of this dividend was Thursday, September nineteenth. This represents a $2.12 annualized dividend and a dividend yield of 1.18%. Broadcom’s dividend payout ratio (DPR) is 184.35%.
Insider Exercise at Broadcom
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 inventory was offered at a mean worth of $168.27, for a complete worth of $4,240,404.00. Following the sale, the insider now straight owns 753,280 shares within the firm, valued at roughly $126,754,425.60. This commerce represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which will be accessed via this hyperlink. In associated information, insider Charlie B. Kawwas offered 25,200 shares of Broadcom inventory in a transaction dated Thursday, September nineteenth. The shares had been offered at a mean worth of $168.27, for a complete worth of $4,240,404.00. Following the sale, the insider now straight owns 753,280 shares within the firm, valued at $126,754,425.60. This commerce represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is out there via this hyperlink. Additionally, insider Charlie B. Kawwas offered 15,950 shares of the corporate’s inventory in a transaction dated Friday, October eleventh. The inventory was offered at a mean worth of $181.44, for a complete transaction of $2,893,968.00. Following the completion of the transaction, the insider now owns 737,330 shares of the corporate’s inventory, valued at roughly $133,781,155.20. This commerce represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Insiders offered 311,080 shares of firm inventory value $53,540,590 within the final 90 days. 2.00% of the inventory is at the moment owned by firm insiders.
Analyst Upgrades and Downgrades
A number of analysis analysts have commented on the corporate. Rosenblatt Securities minimize their worth goal on Broadcom from $2,400.00 to $240.00 and set a “purchase” score on the inventory in a analysis report on Friday, September sixth. StockNews.com downgraded Broadcom from a “purchase” score to a “maintain” score in a report on Tuesday, July twenty third. Truist Monetary upped their worth goal on Broadcom from $204.00 to $205.00 and gave the inventory a “purchase” score in a report on Tuesday, October eighth. Morgan Stanley lifted their worth goal on shares of Broadcom from $176.00 to $180.00 and gave the corporate an “obese” score in a analysis word on Friday, September sixth. Lastly, TD Cowen upgraded shares of Broadcom to a “strong-buy” score in a analysis word on Monday, September sixteenth. Two analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has issued a powerful purchase score to the corporate. In keeping with MarketBeat, Broadcom at the moment has a mean score of “Reasonable Purchase” and a mean goal worth of $192.79.
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Broadcom Profile
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a concentrate on advanced digital and combined sign complementary metallic oxide semiconductor primarily based gadgets and analog III-V primarily based merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
Additional Studying
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