Aptus Capital Advisors LLC Sells 749 Shares of Broadcom Inc (NASDAQ:AVGO)

Aptus Capital Advisors LLC lowered its position in shares of Broadcom Inc (NASDAQ:AVGO) by 7.6% in the 2nd quarter, according to its most recent …

Broadcom logoAptus Capital Advisors LLC lowered its position in shares of Broadcom Inc (NASDAQ:AVGO) by 7.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,101 shares of the semiconductor manufacturer’s stock after selling 749 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Broadcom were worth $2,619,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Bank increased its holdings in shares of Broadcom by 128.2% during the 2nd quarter. Pinnacle Bank now owns 89 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 50 shares during the last quarter. Liberty Wealth Management LLC increased its holdings in shares of Broadcom by 62.5% during the 2nd quarter. Liberty Wealth Management LLC now owns 91 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 35 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at about $27,000. FNY Investment Advisers LLC acquired a new position in shares of Broadcom during the 2nd quarter valued at about $51,000. Finally, Citizens Financial Group Inc RI increased its holdings in shares of Broadcom by 257.1% during the 1st quarter. Citizens Financial Group Inc RI now owns 175 shares of the semiconductor manufacturer’s stock valued at $52,000 after acquiring an additional 126 shares during the last quarter. 84.63% of the stock is owned by institutional investors and hedge funds.

Shares of Broadcom stock traded down $10.26 on Friday, hitting $290.32. The stock had a trading volume of 5,929,649 shares, compared to its average volume of 1,743,351. Broadcom Inc has a twelve month low of $208.23 and a twelve month high of $323.20. The business’s 50 day moving average is $282.92 and its two-hundred day moving average is $286.84. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 1.53. The stock has a market cap of $118.63 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.46 and a beta of 0.88.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, September 12th. The semiconductor manufacturer reported $3.99 EPS for the quarter, missing the consensus estimate of $4.10 by ($0.11). The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.52 billion. Broadcom had a net margin of 15.92% and a return on equity of 32.81%. Broadcom’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $4.98 EPS. As a group, equities analysts predict that Broadcom Inc will post 17.23 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be given a dividend of $2.65 per share. This represents a $10.60 dividend on an annualized basis and a yield of 3.65%. Broadcom’s dividend payout ratio is currently 56.29%.

In other Broadcom news, SVP Bryan Ingram sold 13,466 shares of the company’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $278.78, for a total transaction of $3,754,051.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hock E. Tan sold 20,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $270.46, for a total value of $5,409,200.00. The disclosure for this sale can be found here. Insiders have sold 85,388 shares of company stock worth $23,607,682 in the last three months. 3.30% of the stock is currently owned by company insiders.

A number of research firms have issued reports on AVGO. Mizuho reaffirmed a “buy” rating and issued a $340.00 target price (up previously from $330.00) on shares of Broadcom in a report on Friday. SunTrust Banks raised their target price on Broadcom from $307.00 to $322.00 and gave the company a “buy” rating in a report on Friday. Raymond James reaffirmed a “hold” rating on shares of Broadcom in a report on Friday, June 14th. JPMorgan Chase & Co. lowered their target price on Broadcom from $365.00 to $350.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, UBS Group reduced their price objective on Broadcom from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, June 14th. Eleven analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Broadcom has an average rating of “Buy” and an average price target of $309.47.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Recommended Story: What is Green Investing?

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Aptus Capital Advisors LLC Lowers Holdings in Broadcom Inc (NASDAQ:AVGO)

Aptus Capital Advisors LLC trimmed its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 7.6% in the 2nd quarter, according to its most recent …

Broadcom logoAptus Capital Advisors LLC trimmed its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 7.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,101 shares of the semiconductor manufacturer’s stock after selling 749 shares during the period. Aptus Capital Advisors LLC’s holdings in Broadcom were worth $2,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CRA Financial Services LLC grew its stake in shares of Broadcom by 2.0% in the 2nd quarter. CRA Financial Services LLC now owns 1,696 shares of the semiconductor manufacturer’s stock worth $488,000 after buying an additional 33 shares in the last quarter. Liberty Wealth Management LLC grew its stake in shares of Broadcom by 62.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 91 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 35 shares in the last quarter. Tarbox Family Office Inc. boosted its stake in shares of Broadcom by 20.2% during the 2nd quarter. Tarbox Family Office Inc. now owns 214 shares of the semiconductor manufacturer’s stock worth $62,000 after purchasing an additional 36 shares during the period. Enterprise Financial Services Corp boosted its stake in shares of Broadcom by 14.7% during the 2nd quarter. Enterprise Financial Services Corp now owns 289 shares of the semiconductor manufacturer’s stock worth $83,000 after purchasing an additional 37 shares during the period. Finally, First Business Financial Services Inc. boosted its stake in shares of Broadcom by 1.7% during the 2nd quarter. First Business Financial Services Inc. now owns 2,336 shares of the semiconductor manufacturer’s stock worth $672,000 after purchasing an additional 39 shares during the period. 84.63% of the stock is owned by institutional investors.

A number of equities research analysts recently weighed in on the stock. Summit Redstone upgraded shares of Broadcom to a “buy” rating in a report on Friday, June 14th. SunTrust Banks lifted their price objective on shares of Broadcom from $307.00 to $322.00 and gave the company a “buy” rating in a report on Friday. Craig Hallum reiterated a “buy” rating and set a $315.00 price objective (down previously from $325.00) on shares of Broadcom in a report on Friday, June 14th. Royal Bank of Canada assumed coverage on shares of Broadcom in a report on Tuesday, July 23rd. They set an “outperform” rating and a $320.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of Broadcom from $325.00 to $310.00 and set a “buy” rating for the company in a report on Friday, June 14th. Eleven research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $309.47.

NASDAQ:AVGO traded down $10.26 during trading hours on Friday, hitting $290.32. 5,929,649 shares of the company were exchanged, compared to its average volume of 1,743,351. The company’s 50 day moving average price is $282.92 and its 200-day moving average price is $286.84. The stock has a market capitalization of $118.63 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.46 and a beta of 0.88. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.26 and a quick ratio of 1.13. Broadcom Inc has a 52-week low of $208.23 and a 52-week high of $323.20.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings data on Thursday, September 12th. The semiconductor manufacturer reported $3.99 EPS for the quarter, missing the consensus estimate of $4.10 by ($0.11). Broadcom had a net margin of 15.92% and a return on equity of 32.81%. The business had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.52 billion. During the same period last year, the company earned $4.98 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. On average, equities analysts predict that Broadcom Inc will post 17.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 23rd will be paid a $2.65 dividend. This represents a $10.60 annualized dividend and a dividend yield of 3.65%. Broadcom’s dividend payout ratio is currently 56.29%.

In other Broadcom news, SVP Bryan Ingram sold 11,922 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $278.58, for a total transaction of $3,321,230.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $292.16, for a total transaction of $5,843,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,388 shares of company stock valued at $23,607,682. Company insiders own 3.30% of the company’s stock.

About Broadcom

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Featured Article: Retained Earnings

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Affinity Investment Advisors LLC Reduces Stock Position in Broadcom Inc (NASDAQ:AVGO)

Affinity Investment Advisors LLC trimmed its position in Broadcom Inc (NASDAQ:AVGO) by 33.8% in the 2nd quarter, according to the company in its …

Broadcom logoAffinity Investment Advisors LLC trimmed its position in Broadcom Inc (NASDAQ:AVGO) by 33.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,916 shares of the semiconductor manufacturer’s stock after selling 9,638 shares during the period. Broadcom accounts for 1.6% of Affinity Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Affinity Investment Advisors LLC’s holdings in Broadcom were worth $5,445,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Broadcom by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,644,308 shares of the semiconductor manufacturer’s stock valued at $418,142,000 after purchasing an additional 96,233 shares during the period. Verity & Verity LLC boosted its stake in Broadcom by 104.8% in the 1st quarter. Verity & Verity LLC now owns 9,083 shares of the semiconductor manufacturer’s stock worth $2,731,000 after purchasing an additional 4,647 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Broadcom in the 1st quarter worth approximately $4,668,000. Zweig DiMenna Associates LLC boosted its stake in Broadcom by 133.3% in the 1st quarter. Zweig DiMenna Associates LLC now owns 44,038 shares of the semiconductor manufacturer’s stock worth $13,243,000 after purchasing an additional 25,158 shares in the last quarter. Finally, Dakota Wealth Management acquired a new stake in Broadcom in the 1st quarter worth approximately $1,734,000. 84.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Broadcom stock opened at $290.32 on Friday. The firm has a market capitalization of $118.63 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.46 and a beta of 0.88. Broadcom Inc has a 52 week low of $208.23 and a 52 week high of $323.20. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 1.53. The firm’s 50 day moving average is $282.92 and its two-hundred day moving average is $286.84.

Broadcom (NASDAQ:AVGO) last announced its quarterly earnings results on Thursday, September 12th. The semiconductor manufacturer reported $3.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.10 by ($0.11). The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Broadcom had a net margin of 15.92% and a return on equity of 32.81%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.98 earnings per share. As a group, research analysts expect that Broadcom Inc will post 17.23 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be issued a $2.65 dividend. This represents a $10.60 annualized dividend and a dividend yield of 3.65%. Broadcom’s payout ratio is currently 56.29%.

In related news, insider Hock E. Tan sold 20,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $264.00, for a total transaction of $5,280,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan Ingram sold 11,922 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $278.58, for a total value of $3,321,230.76. The disclosure for this sale can be found here. Insiders sold 85,388 shares of company stock valued at $23,607,682 over the last three months. Corporate insiders own 3.30% of the company’s stock.

A number of analysts recently commented on the stock. Loop Capital cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird reduced their price target on shares of Broadcom from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Monday, June 17th. DA Davidson cut their target price on shares of Broadcom to $300.00 and set a “buy” rating for the company in a report on Friday, June 14th. UBS Group cut their target price on shares of Broadcom from $325.00 to $310.00 and set a “buy” rating for the company in a report on Friday, June 14th. Finally, Royal Bank of Canada initiated coverage on shares of Broadcom in a research note on Tuesday, July 23rd. They set an “outperform” rating and a $320.00 target price on the stock. Eleven investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Broadcom has an average rating of “Buy” and an average target price of $309.47.

About Broadcom

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Featured Story: Diversification in Investing

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Broadcom Inc (NASDAQ:AVGO) Shares Acquired by Cim Investment Mangement Inc.

Cim Investment Mangement Inc. boosted its holdings in shares of Broadcom Inc (NASDAQ:AVGO) by 3.8% in the second quarter, according to the …

Broadcom logoCim Investment Mangement Inc. boosted its holdings in shares of Broadcom Inc (NASDAQ:AVGO) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,566 shares of the semiconductor manufacturer’s stock after acquiring an additional 95 shares during the period. Cim Investment Mangement Inc.’s holdings in Broadcom were worth $739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pinnacle Bank boosted its position in shares of Broadcom by 128.2% in the second quarter. Pinnacle Bank now owns 89 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 50 shares during the period. Liberty Wealth Management LLC lifted its holdings in shares of Broadcom by 62.5% in the second quarter. Liberty Wealth Management LLC now owns 91 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 35 shares in the last quarter. Advisors Preferred LLC purchased a new position in shares of Broadcom in the second quarter worth $27,000. Destination Wealth Management purchased a new position in shares of Broadcom in the first quarter worth $41,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Broadcom in the second quarter worth $51,000. 84.63% of the stock is owned by institutional investors.

AVGO opened at $290.32 on Friday. Broadcom Inc has a 12-month low of $208.23 and a 12-month high of $323.20. The company has a current ratio of 1.26, a quick ratio of 1.13 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $118.63 billion, a PE ratio of 16.14, a P/E/G ratio of 1.46 and a beta of 0.88. The firm has a 50 day moving average of $282.92 and a two-hundred day moving average of $286.84.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings data on Thursday, September 12th. The semiconductor manufacturer reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.10 by ($0.11). The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.52 billion. Broadcom had a return on equity of 32.81% and a net margin of 15.92%. Broadcom’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $4.98 EPS. As a group, analysts predict that Broadcom Inc will post 17.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 23rd will be paid a dividend of $2.65 per share. This represents a $10.60 dividend on an annualized basis and a dividend yield of 3.65%. Broadcom’s payout ratio is 56.29%.

Several equities analysts have recently commented on the stock. Citigroup lowered their target price on shares of Broadcom from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, June 14th. Bank of America reissued a “buy” rating and issued a $345.00 target price on shares of Broadcom in a report on Friday. Royal Bank of Canada assumed coverage on shares of Broadcom in a report on Tuesday, July 23rd. They issued an “outperform” rating and a $320.00 target price on the stock. Morgan Stanley boosted their target price on shares of Broadcom from $250.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $350.00 price target (up previously from $324.00) on shares of Broadcom in a research note on Friday. Eleven research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $309.47.

In other Broadcom news, CEO Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $270.46, for a total value of $5,409,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Bryan Ingram sold 11,922 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $278.58, for a total value of $3,321,230.76. The disclosure for this sale can be found here. Insiders have sold a total of 85,388 shares of company stock worth $23,607,682 in the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Broadcom Company Profile

Broadcom Inc designs, develops, and supplies a range of 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 through four segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial & Other.

Recommended Story: How is inflation measured?

Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Broadcom’s Warning on Chip Demand — What Wall Street’s Saying

Broadcom (AVGO – Get Report) reported mixed quarterly earnings Thursday after the closing bell, but analysts raised their estimates even though …

Broadcom (AVGOGet Report) reported mixed quarterly earnings Thursday after the closing bell, but analysts raised their estimates even though management said demand for its chips will likely remain at a bottom for some time.

Broadcom shares were down 4.8% to $286.47 a share on Friday morning.

Adjusted earnings per share for Broadcom’s fiscal third quarter came in at $5.16, beating Wall Street estimates of $5.13, while GAAP EPS beat expectations handily, coming in at $1.71, versus forecasts of $1.21. Revenue was $5.515 billion, just missing analysts expectations of $5.516 billion. Revenue rose 9% over the same period last year.

Management guided for full fiscal year 2019 revenue of $22.5 billion, unchanged from its prior forecast. That figure was slightly below analyst estimates of $22.6 billion. The company expects its adjusted operating margin to be 52.5% for the year, also unchanged. The company maintained its capital expenditure guidance for the year of $500 million.

In a press release, Broadcom wrote that its semiconductor solutions revenue had “bottomed out but will continue to remain at these levels due to the current uncertain environment.”

Still, more than 10 sell-side analysts raised their price targets on the stock.

Here’s what the analysts said:

Goldman Sachs, Neutral, Price Target Increased From $290 to $311

“Idiosyncratic growth drivers (i.e. switching/routing product cycle, WiFi 6 adoption, 5G-driven RF content growth) and an improvement in the cloud end-market bodes well for the company’s 2020 growth outlook, and the company continues to execute on margins, returns, and free cash flow. Consistent with management’s previous comments, Broadcom intends to shift its focus away from share repurchases to rapid debt pay down given the risks associated with a levered balance sheet in periods of heightened macro uncertainty and the company’s focus on maintaining its investment grade status.”

Toshiya Hari

Alliance Bernstein, Outperform, Price Target Increased From $300 to $340

“The continued conservatism is yielding a core business that appears at least somewhat de-risked, with drivers that still appear solid amid stellar execution. Additionally, there are a number of potential idiosyncratic elements here, including solid margin improvement, content gains in wireless, initial early success with the software strategy, Symantec acting as a further tailwind to numbers upon close, and a dividend that could be approaching $13 a share next year. In the sector we continue to prefer names that have easier numbers and valuation support; Broadcom continues to fit the bill on both.”

Stacy Rasgon

CFRA, Buy, Price Target Increased From $322 to $341

“We like improving demand for switching/routing platforms and custom ASICs but note storage/broadband softness. Despite wireless strength, we see rising risk in the Jan-Q quarter given a likely lackluster iPhone 11 cycle and customer inventory build ahead of potential tariff hikes. Enterprise and mainframe software demand is exceeding our view.”