Woodmont Funding Counsel LLC elevated its place in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 916.6% within the third quarter, based on the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 136,367 shares of the semiconductor producer’s inventory after shopping for an extra 122,953 shares throughout the quarter. Broadcom accounts for about 1.8% of Woodmont Funding Counsel LLC’s portfolio, making the inventory its twelfth greatest holding. Woodmont Funding Counsel LLC’s holdings in Broadcom had been price $23,523,000 on the finish of the newest reporting interval.
Different hedge funds have additionally modified their holdings of the corporate. Vanguard Group Inc. grew its stake in Broadcom by 3.0% within the first 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 within the final quarter. Swedbank AB grew its stake in Broadcom by 858.7% within the third quarter. Swedbank AB now owns 18,369,841 shares of the semiconductor producer’s inventory valued at $3,168,798,000 after buying an extra 16,453,718 shares within the final quarter. Van ECK Associates Corp grew its stake 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 buying an extra 11,453,554 shares within the final quarter. Raymond James & Associates grew its stake in Broadcom by 855.4% within 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 buying an extra 11,347,563 shares within the final quarter. Lastly, Nationwide Pension Service grew its stake in Broadcom by 1,045.4% within the third quarter. Nationwide Pension Service now owns 8,273,157 shares of the semiconductor producer’s inventory valued at $1,427,120,000 after buying an extra 7,550,878 shares within the final quarter. 76.43% of the inventory is presently owned by institutional traders.
Insider Transactions at Broadcom
In different information, insider Charlie B. Kawwas bought 15,950 shares of the enterprise’s inventory in a transaction on Friday, October eleventh. The inventory was bought at a median value 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. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is accessible via this hyperlink. In different Broadcom information, insider Mark David Brazeal bought 18,900 shares of the corporate’s inventory in a transaction dated Wednesday, October ninth. The inventory was bought at a median value of $182.88, for a complete worth of $3,456,432.00. Following the completion of the transaction, the insider now owns 380,560 shares of the corporate’s inventory, valued at $69,596,812.80. This represents a 0.00 % lower of their place. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which is on the market at this hyperlink. Additionally, insider Charlie B. Kawwas bought 15,950 shares of the corporate’s inventory in a transaction dated Friday, October eleventh. The inventory was bought at a median value of $181.44, for a complete worth of $2,893,968.00. Following the completion of the transaction, the insider now immediately owns 737,330 shares of the corporate’s inventory, valued at roughly $133,781,155.20. The commerce was a 0.00 % lower of their place. The disclosure for this sale may be discovered right here. Within the final quarter, insiders bought 311,080 shares of firm inventory valued at $53,540,590. Company insiders personal 2.00% of the corporate’s inventory.
Broadcom Inventory Efficiency
NASDAQ:AVGO opened at $183.64 on Friday. The corporate has a debt-to-equity ratio of 1.02, a fast ratio of 0.94 and a present ratio of 1.04. Broadcom Inc. has a fifty-two week low of $90.31 and a fifty-two week excessive of $186.42. The corporate has a market cap of $857.71 billion, a price-to-earnings ratio of 159.55, a PEG ratio of two.11 and a beta of 1.17. The inventory has a fifty day transferring common value of $170.75 and a 200-day transferring common value of $157.78.
Broadcom (NASDAQ:AVGO – Get Free Report) final posted 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 throughout the quarter, in comparison with analysts’ expectations of $12.98 billion. Throughout the identical quarter within the earlier yr, the agency earned $0.95 EPS. Broadcom’s income was up 47.3% on a year-over-year foundation. As a bunch, equities analysts anticipate that Broadcom Inc. will put up 3.78 EPS for the present fiscal yr.
Broadcom Will increase Dividend
The agency additionally not too long ago declared a quarterly dividend, which was paid on Monday, September thirtieth. Stockholders of report on Thursday, September nineteenth had been issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, September nineteenth. This represents a $2.12 dividend on an annualized foundation and a dividend yield of 1.15%. This can be a increase from Broadcom’s earlier quarterly dividend of $0.53. Broadcom’s payout ratio is 184.19%.
Analysts Set New Worth Targets
AVGO has been the topic of plenty of analyst reviews. StockNews.com downgraded Broadcom from a “purchase” score to a “maintain” score in a analysis be aware on Tuesday, July twenty third. William Blair assumed protection on Broadcom in a analysis report on Wednesday, September 18th. They issued an “outperform” score for the corporate. Benchmark reaffirmed a “purchase” score and issued a $210.00 value goal on shares of Broadcom in a analysis report on Friday, September sixth. TD Cowen raised Broadcom to a “strong-buy” score in a analysis report on Monday, September sixteenth. Lastly, Mizuho boosted their value goal on Broadcom from $190.00 to $220.00 and gave the corporate an “outperform” score in a analysis be aware on Monday, October 14th. Two funding 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. In accordance with information from MarketBeat, the inventory presently has a median score of “Average Purchase” and a consensus value goal of $192.79.
Learn Our Newest Inventory Report on AVGO
Broadcom Profile
Broadcom Inc designs, develops, and provides varied semiconductor gadgets with a concentrate on complicated digital and blended sign complementary steel 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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