TCTC Holdings LLC boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 900.0% through the third quarter, Holdings Channel.com experiences. The agency owned 2,040 shares of the semiconductor producer’s inventory after buying an extra 1,836 shares through the quarter. TCTC Holdings LLC’s holdings in Broadcom had been price $352,000 as of its most up-to-date SEC submitting.
A number of different institutional buyers and hedge funds additionally just lately added to or lowered their stakes within the inventory. Castleview Companions LLC boosted its place in shares of Broadcom by 1,030.8% within the third quarter. Castleview Companions LLC now owns 147 shares of the semiconductor producer’s inventory price $25,000 after buying an extra 134 shares within the final quarter. Delta Asset Administration LLC TN boosted 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 price $32,000 after buying an extra 17 shares within the final quarter. Tsfg LLC grew its stake in shares of Broadcom by 1,073.7% through the third quarter. Tsfg LLC now owns 223 shares of the semiconductor producer’s inventory price $38,000 after buying an extra 204 shares over the last quarter. Krane Funds Advisors LLC acquired a brand new place in shares of Broadcom through the third quarter valued at about $42,000. Lastly, Highline Wealth Companions LLC bought a brand new place in shares of Broadcom within the third quarter valued at roughly $45,000. Hedge funds and different institutional buyers personal 76.43% of the corporate’s inventory.
Broadcom Buying and selling Down 1.5 %
Shares of AVGO opened at $176.22 on Wednesday. Broadcom Inc. has a 12-month low of $90.31 and a 12-month excessive of $186.42. The agency has a market capitalization of $823.05 billion, a P/E ratio of 153.10, a P/E/G ratio of two.16 and a beta of 1.17. The agency has a 50-day transferring common worth of $171.08 and a 200 day transferring common worth of $158.17. The corporate has a present ratio of 1.04, a fast ratio of 0.94 and a debt-to-equity ratio of 1.02.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 earnings per share for the quarter, beating 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 enterprise’s income for the quarter was up 47.3% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the corporate posted $0.95 EPS. Promote-side analysts forecast that Broadcom Inc. will publish 3.78 EPS for the present 12 months.
Broadcom Will increase Dividend
The agency additionally just lately introduced a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of file on Thursday, September nineteenth had been paid a dividend of $0.53 per share. This can be a enhance 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 yield of 1.20%. Broadcom’s dividend payout ratio (DPR) is 184.19%.
Insider Shopping for and Promoting at Broadcom
In different information, insider Charlie B. Kawwas bought 15,950 shares of the inventory in a transaction on Friday, October eleventh. The inventory was bought 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 instantly owns 737,330 shares within the firm, valued at roughly $133,781,155.20. This represents a 0.00 % lower of their place. The transaction was disclosed in a doc filed with the SEC, which might be accessed by this hyperlink. In different Broadcom information, insider Charlie B. Kawwas bought 15,950 shares of the corporate’s inventory in a transaction dated Friday, October eleventh. The shares had been bought at a mean worth of $181.44, for a complete worth of $2,893,968.00. Following the transaction, the insider now owns 737,330 shares of the corporate’s inventory, valued at $133,781,155.20. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is obtainable by this hyperlink. Additionally, insider Mark David Brazeal bought 18,900 shares of the inventory in a transaction dated Wednesday, October ninth. The inventory was bought at a mean worth of $182.88, for a complete transaction of $3,456,432.00. Following the transaction, the insider now instantly owns 380,560 shares of the corporate’s inventory, valued at roughly $69,596,812.80. This commerce represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders have bought 311,080 shares of firm inventory price $53,540,590 during the last quarter. 2.00% of the inventory is at the moment owned by firm insiders.
Wall Avenue Analysts Forecast Development
AVGO has been the subject of a number of analysis analyst experiences. The Goldman Sachs Group upped their worth goal on shares of Broadcom from $185.00 to $190.00 and gave the corporate a “purchase” score in a analysis observe on Friday, September sixth. Truist Monetary boosted their worth goal on Broadcom from $204.00 to $205.00 and gave the corporate a “purchase” score in a analysis observe on Tuesday, October eighth. Oppenheimer lowered their worth goal on Broadcom from $2,000.00 to $200.00 and set an “outperform” score for the corporate in a analysis observe on Tuesday, July sixteenth. Mizuho upped their worth goal on shares of Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” score in a report on Monday, October 14th. Lastly, William Blair began protection on Broadcom in a analysis observe on Wednesday, September 18th. They set an “outperform” score for the corporate. Two analysis analysts have rated the inventory with a maintain score, twenty-four have issued a purchase score and one has assigned a robust purchase score to the corporate’s inventory. Based mostly on information from MarketBeat.com, the inventory at the moment has a mean score of “Reasonable Purchase” and a consensus goal worth of $192.79.
View Our Newest Inventory Evaluation on AVGO
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor gadgets with a give attention to advanced digital and combined sign complementary metallic 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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