8 hours Ago By ABMN Staff
Knuff & Co LLC lifted its position in shares of Broadcom Inc. ( NASDAQ:AVGO – Free Report ) by 902.1% during the 3rd quarter, Holdings Channel reports.
The firm owned 26,986 shares of the semiconductor manufacturer’s stock after purchasing an additional 24,293 shares during the quarter. Broadcom comprises 1.4% of Knuff & Co LLC’s portfolio, making the stock its 21st biggest holding.
Knuff & Co LLC’s holdings in Broadcom were worth $4,655,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds also recently modified their holdings of the company. Castleview Partners LLC raised its stake in Broadcom by 1,030.
8% in the third quarter. Castleview Partners LLC now owns 147 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 134 shares during the period. Tsfg LLC boosted its stake in shares of Broadcom by 1,073.
7% during the 3rd quarter. Tsfg LLC now owns 223 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 204 shares during the period. Krane Funds Advisors LLC acquired a new position in shares of Broadcom during the 3rd quarter worth approximately $42,000.
Highline Wealth Partners LLC bought a new stake in Broadcom in the 3rd quarter valued at $45,000. Finally, AlphaCentric Advisors LLC lifted its holdings in Broadcom by 859.3% during the 3rd quarter.
AlphaCentric Advisors LLC now owns 259 shares of the semiconductor manufacturer’s stock valued at $45,000 after purchasing an additional 232 shares during the last quarter. 76.43% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In AVGO has been the topic of several research reports. TD Cowen raised shares of Broadcom to a “strong-buy” rating in a research report on Monday, September 16th. Truist Financial increased their price target on shares of Broadcom from $204.
00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Rosenblatt Securities decreased their target price on Broadcom from $2,400.
00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Mizuho increased their target price on Broadcom from $190.
00 to $220.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Morgan Stanley boosted their price target on Broadcom from $176.
00 to $180.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.79. Insider Transactions at Broadcom In other news, Director Gayla J.
Delly sold 750 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $174.53, for a total value of $130,897.
50. Following the completion of the sale, the director now owns 34,750 shares of the company’s stock, valued at approximately $6,064,917.50.
This represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website .
Also, insider Mark David Brazeal sold 20,280 shares of Broadcom stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $177.10, for a total value of $3,591,588.
00. Following the completion of the transaction, the insider now directly owns 399,460 shares in the company, valued at approximately $70,744,366. This represents a 4.
83 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 311,080 shares of company stock worth $53,540,590.
Insiders own 2.00% of the company’s stock. Broadcom Trading Up 0.
4 % AVGO opened at $163.89 on Friday. The company’s 50 day moving average is $173.
77 and its 200-day moving average is $160.37. The company has a market cap of $765.
45 billion, a P/E ratio of 142.39, a PEG ratio of 1.94 and a beta of 1.
17. Broadcom Inc. has a 1-year low of $90.
31 and a 1-year high of $186.42. The company has a current ratio of 1.
04, a quick ratio of 0.94 and a debt-to-equity ratio of 1.02.
Broadcom ( NASDAQ:AVGO – Get Free Report ) last posted its earnings results on Thursday, September 5th. The semiconductor manufacturer reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
20 by $0.04. Broadcom had a net margin of 10.
88% and a return on equity of 30.12%. The firm had revenue of $13.
07 billion for the quarter, compared to analysts’ expectations of $12.98 billion. During the same quarter in the previous year, the firm posted $0.
95 earnings per share. The company’s revenue was up 47.3% on a year-over-year basis.
Equities research analysts predict that Broadcom Inc. will post 3.78 earnings per share for the current fiscal year.
Broadcom Increases Dividend The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 19th were paid a dividend of $0.53 per share.
This represents a $2.12 dividend on an annualized basis and a dividend yield of 1.29%.
This is a positive change from Broadcom’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Thursday, September 19th.
Broadcom’s dividend payout ratio (DPR) is presently 184.19%. Broadcom Profile ( 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. Recommended Stories 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.
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