Steigerwald Gordon & Koch Inc. lifted its place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 25.6% in the course of the 2nd quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities and Change Fee. The fund owned 378 shares of the semiconductor producer’s inventory after buying a further 77 shares in the course of the interval. Steigerwald Gordon & Koch Inc.’s holdings in Broadcom have been value $608,000 as of its most up-to-date submitting with the Securities and Change Fee.
A number of different hedge funds and different institutional traders additionally just lately made modifications to their positions in AVGO. Legend Monetary Advisors Inc. grew its holdings in shares of Broadcom by 72.7% in the course of the first quarter. Legend Monetary Advisors Inc. now owns 19 shares of the semiconductor producer’s inventory value $25,000 after buying a further 8 shares over the last quarter. Richardson Capital Administration LLC purchased a brand new stake in shares of Broadcom in the course of the first quarter value about $29,000. Delta Asset Administration LLC TN grew its holdings in shares of Broadcom by 242.9% in the course of the first quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory value $32,000 after buying a further 17 shares over the last quarter. Redmont Wealth Advisors LLC acquired a brand new place in shares of Broadcom within the first quarter value roughly $36,000. Lastly, Ulland Funding Advisors LLC acquired a brand new place in shares of Broadcom within the first quarter value roughly $37,000. 76.43% of the inventory is presently owned by institutional traders.
Broadcom Worth Efficiency
Shares of NASDAQ:AVGO opened at $158.27 on Thursday. The corporate has a fast ratio of 0.94, a present ratio of 1.04 and a debt-to-equity ratio of 1.02. Broadcom Inc. has a twelve month low of $79.51 and a twelve month excessive of $185.16. The inventory’s 50 day transferring common is $188.37 and its 200-day transferring common is $156.34. The agency has a market capitalization of $736.73 billion, a price-to-earnings ratio of 6.81, a PEG 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 (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The enterprise had income of $13.07 billion in the course of the quarter, in comparison with the consensus estimate of $12.98 billion. Throughout the identical quarter within the prior 12 months, the corporate posted $0.95 earnings per share. Broadcom’s income was up 47.3% in comparison with the identical quarter final 12 months. Promote-side analysts forecast that Broadcom Inc. will submit 3.75 EPS for the present fiscal 12 months.
Broadcom Will increase Dividend
The enterprise additionally just lately declared a quarterly dividend, which can be paid on Monday, September thirtieth. Buyers of report on Thursday, September nineteenth can be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Thursday, September nineteenth. This represents a $2.12 annualized dividend and a yield of 1.34%. This is a rise from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s dividend payout ratio is 9.12%.
Wall Avenue Analysts Forecast Progress
Various equities analysts just lately commented on AVGO shares. Cantor Fitzgerald reaffirmed an “chubby” score and issued a $200.00 worth goal on shares of Broadcom in a analysis notice on Friday, September sixth. Melius Analysis began protection on Broadcom in a analysis notice on Monday, June third. They issued a “purchase” score and a $185.00 worth goal on the inventory. Oppenheimer reduce their worth goal on Broadcom from $2,000.00 to $200.00 and set an “outperform” score on the inventory in a analysis notice on Tuesday, July sixteenth. TD Cowen lifted their worth goal on Broadcom from $175.00 to $210.00 and gave the inventory a “purchase” score in a analysis notice on Tuesday, July sixteenth. Lastly, Melius initiated protection on Broadcom in a analysis notice on Monday, June third. They issued a “purchase” score and a $185.00 worth goal on the inventory. Two equities analysis analysts have rated the inventory with a maintain score and twenty-four have given a purchase score to the corporate’s inventory. In keeping with information from MarketBeat, Broadcom has a consensus score of “Reasonable Purchase” and a median worth goal of $189.23.
Verify Out Our Newest Inventory Report on AVGO
Insider Shopping for and Promoting
In associated information, CEO Hock E. Tan bought 7,502 shares of the corporate’s inventory in a transaction on Thursday, July eleventh. The inventory was bought at a median worth of $1,705.95, for a complete transaction of $12,798,036.90. Following the completion of the sale, the chief govt officer now owns 138,191 shares within the firm, valued at $235,746,936.45. The sale was disclosed in a submitting with the Securities & Change Fee, which is offered at this hyperlink. In different Broadcom information, CEO Hock E. Tan bought 7,502 shares of the corporate’s inventory in a transaction on Thursday, July eleventh. The inventory was bought at a median worth of $1,705.95, for a complete worth of $12,798,036.90. Following the completion of the transaction, the chief govt officer now owns 138,191 shares within the firm, valued at roughly $235,746,936.45. The sale was disclosed in a submitting with the Securities & Change Fee, which could be accessed via the SEC web site. Additionally, Director Justine Web page bought 2,540 shares of the corporate’s inventory in a transaction on Thursday, June twentieth. The shares have been bought at a median worth of $175.03, for a complete worth of $444,566.04. Following the completion of the transaction, the director now owns 27,480 shares of the corporate’s inventory, valued at roughly $4,809,714.48. The disclosure for this sale could be discovered right here. 2.00% of the inventory is presently owned by company insiders.
About Broadcom
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a give attention to advanced digital and combined sign complementary steel oxide semiconductor based mostly gadgets and analog III-V based mostly merchandise worldwide. The corporate operates in two segments, Semiconductor Options and Infrastructure Software program.
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