1 week Ago By ABMN Staff
Franchise Capital Ltd bought a new position in shares of Broadcom Inc. ( NASDAQ:AVGO – Free Report ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,700 shares of the semiconductor manufacturer’s stock, valued at approximately $2,017,000.
Broadcom comprises approximately 0.9% of Franchise Capital Ltd’s holdings, making the stock its 13th biggest holding. Several other hedge funds have also recently bought and sold shares of AVGO.
AXA S.A. lifted its holdings in shares of Broadcom by 2.
7% during the second quarter. AXA S.A.
now owns 291,078 shares of the semiconductor manufacturer’s stock worth $467,334,000 after buying an additional 7,608 shares in the last quarter. Strait & Sound Wealth Management LLC grew its position in Broadcom by 829.8% in the third quarter.
Strait & Sound Wealth Management LLC now owns 7,950 shares of the semiconductor manufacturer’s stock valued at $1,371,000 after acquiring an additional 7,095 shares during the last quarter. Catalyst Financial Partners LLC increased its position in Broadcom by 943.3% during the 3rd quarter.
Catalyst Financial Partners LLC now owns 20,136 shares of the semiconductor manufacturer’s stock worth $3,473,000 after purchasing an additional 18,206 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of Broadcom by 947.
2% during the third quarter. Whittier Trust Co. now owns 689,858 shares of the semiconductor manufacturer’s stock worth $119,000,000 after buying an additional 623,983 shares in the last quarter.
Finally, Tidal Investments LLC increased its holdings in Broadcom by 969.3% in the 3rd quarter. Tidal Investments LLC now owns 386,644 shares of the semiconductor manufacturer’s stock worth $66,696,000 after purchasing an additional 350,485 shares in the last quarter.
76.43% of the stock is currently owned by institutional investors and hedge funds. Insider Buying and Selling at Broadcom In related news, insider Mark David Brazeal sold 20,280 shares of Broadcom stock in a transaction on Monday, October 7th.
The shares were sold at an average price of $177.10, for a total value of $3,591,588.00.
Following the transaction, the insider now directly owns 399,460 shares of the company’s stock, valued at $70,744,366. The trade was a 4.83 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, Director Harry L. You sold 6,540 shares of the company’s stock in a transaction dated Tuesday, December 17th.
The shares were sold at an average price of $240.00, for a total transaction of $1,569,600.00.
Following the transaction, the director now directly owns 30,450 shares of the company’s stock, valued at approximately $7,308,000. This trade represents a 17.68 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Insiders have sold 154,408 shares of company stock worth $33,412,228 over the last ninety days. Insiders own 2.
00% of the company’s stock. Broadcom Trading Up 0.1 % Broadcom ( NASDAQ:AVGO – Get Free Report ) last issued its quarterly earnings data on Thursday, December 12th.
The semiconductor manufacturer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.39 by $0.
03. The company had revenue of $14.05 billion during the quarter, compared to analyst estimates of $14.
07 billion. Broadcom had a return on equity of 30.12% and a net margin of 10.
88%. Broadcom’s revenue was up 51.2% on a year-over-year basis.
During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, equities analysts expect that Broadcom Inc.
will post 3.79 earnings per share for the current fiscal year. Broadcom Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st.
Stockholders of record on Monday, December 23rd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, December 23rd.
This is a positive change from Broadcom’s previous quarterly dividend of $0.53. This represents a $2.
36 annualized dividend and a dividend yield of 1.02%. Broadcom’s dividend payout ratio is 191.
87%. Analyst Upgrades and Downgrades Several research firms have recently issued reports on AVGO. Mizuho raised their price target on shares of Broadcom from $190.
00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. JPMorgan Chase & Co.
raised their price objective on Broadcom from $210.00 to $250.00 and gave the company an “overweight” rating in a research note on Friday, December 13th.
Citigroup upped their target price on shares of Broadcom from $175.00 to $205.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th.
Deutsche Bank Aktiengesellschaft raised their price objective on Broadcom from $190.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, December 13th.
Finally, Benchmark reaffirmed a “buy” rating and set a $255.00 price target (up from $210.00) on shares of Broadcom in a research report on Friday, December 13th.
Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, Broadcom currently has an average rating of “Moderate Buy” and a consensus price target of $221.88.
View Our Latest Research Report on AVGO About Broadcom ( Free Report ) Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software. See Also Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Broadcom Inc. ( NASDAQ:AVGO – Free Report ). Receive News & Ratings for Broadcom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadcom and related companies with MarketBeat.
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