Vantage Funding Companions LLC raised its place in Broadcom Inc. (NASDAQ:AVGO – Free Report) by 897.7% through the third quarter, in line with the corporate in its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The agency owned 92,060 shares of the semiconductor producer’s inventory after shopping for an extra 82,833 shares through the quarter. Broadcom contains about 1.3% of Vantage Funding Companions LLC’s holdings, making the inventory its twenty second largest place. Vantage Funding Companions LLC’s holdings in Broadcom have been value $15,880,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally not too long ago made adjustments to their positions within the firm. Castleview Companions LLC grew its place in Broadcom by 1,030.8% through the third quarter. Castleview Companions LLC now owns 147 shares of the semiconductor producer’s inventory value $25,000 after shopping for an extra 134 shares within the final quarter. Delta Asset Administration LLC TN elevated its stake in Broadcom by 242.9% within the 1st quarter. Delta Asset Administration LLC TN now owns 24 shares of the semiconductor producer’s inventory value $32,000 after buying an extra 17 shares through the interval. Tsfg LLC elevated its stake in Broadcom by 1,073.7% within the third quarter. Tsfg LLC now owns 223 shares of the semiconductor producer’s inventory value $38,000 after buying an extra 204 shares through the interval. Krane Funds Advisors LLC bought a brand new place in shares of Broadcom through the third quarter valued at roughly $42,000. Lastly, Highline Wealth Companions LLC bought a brand new place in shares of Broadcom through the third quarter valued at roughly $45,000. 76.43% of the inventory is at present owned by institutional traders.
Wall Road Analysts Forecast Development
A number of equities analysis analysts not too long ago weighed in on the corporate. Mizuho lifted their worth goal on Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, October 14th. JPMorgan Chase & Co. boosted their worth goal on Broadcom from $200.00 to $210.00 and gave the inventory an “obese” ranking in a analysis notice on Friday, September sixth. Cantor Fitzgerald upped their worth goal on Broadcom from $200.00 to $225.00 and gave the corporate an “obese” ranking in a analysis report on Tuesday, October eighth. Morgan Stanley upped their worth goal on Broadcom from $176.00 to $180.00 and gave the corporate an “obese” ranking in a analysis report on Friday, September sixth. Lastly, TD Cowen upgraded Broadcom to a “strong-buy” ranking in a analysis report on Monday, September sixteenth. Two analysis analysts have rated the inventory with a maintain ranking, twenty-four have assigned a purchase ranking and one has given a powerful purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, the corporate presently has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $192.79.
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Broadcom Inventory Down 1.8 %
Broadcom inventory opened at $170.38 on Friday. The corporate has a debt-to-equity ratio of 1.02, a present ratio of 1.04 and a fast ratio of 0.94. The inventory has a market capitalization of $795.77 billion, a price-to-earnings ratio of 148.03, a PEG ratio of two.07 and a beta of 1.17. Broadcom Inc. has a 1-year low of $90.31 and a 1-year excessive of $186.42. The enterprise has a fifty day shifting common worth of $171.93 and a 200-day shifting common worth of $158.86.
Broadcom (NASDAQ:AVGO – Get Free Report) final issued its quarterly earnings outcomes on Thursday, September fifth. The semiconductor producer reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.04. Broadcom had a return on fairness of 30.12% and a web margin of 10.88%. The corporate had income of $13.07 billion through the quarter, in comparison with analysts’ expectations of $12.98 billion. Throughout the identical quarter within the earlier 12 months, the agency posted $0.95 EPS. The agency’s income was up 47.3% in comparison with the identical quarter final 12 months. Equities analysis analysts forecast that Broadcom Inc. will submit 3.78 EPS for the present fiscal 12 months.
Broadcom Will increase Dividend
The agency additionally not too long ago declared a quarterly dividend, which was paid on Monday, September thirtieth. Buyers of document on Thursday, September nineteenth have been paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, September nineteenth. This can be a constructive change from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s payout ratio is at present 184.19%.
Insider Exercise at Broadcom
In different information, CEO Hock E. Tan offered 50,000 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, September seventeenth. The inventory was offered at a median worth of $163.37, for a complete transaction of $8,168,500.00. Following the transaction, the chief govt officer now instantly owns 1,331,910 shares within the firm, valued at $217,594,136.70. The commerce was a 3.62 % lower of their place. The sale was disclosed in a doc filed with the SEC, which is obtainable at this hyperlink. Additionally, Director Gayla J. Delly offered 750 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, September twenty fifth. The inventory was offered at a median worth of $174.53, for a complete worth of $130,897.50. Following the transaction, the director now owns 34,750 shares within the firm, valued at roughly $6,064,917.50. This represents a 2.11 % lower of their possession of the inventory. The disclosure for this sale could be discovered right here. Insiders offered a complete of 311,080 shares of firm inventory value $53,540,590 within the final 90 days. Company insiders personal 2.00% of the corporate’s inventory.
Broadcom Profile
Broadcom Inc designs, develops, and provides numerous semiconductor units with a give attention to advanced 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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