Gofen & Glossberg Has Lifted Its United Technologies (UTX) Stake; Stanley-Laman Group LTD …

… off a little too much’ amid 10-nanometer chip delays; 08/05/2018 – INTEL CAPITAL REPORTS OVER $70M NEW INVESTMENTS IN 12 STARTUPS; …

United Technologies Corporation (NYSE:UTX) Logo

Gofen & Glossberg Llc increased its stake in United Technologies (UTX) by 1.29% based on its latest 2019Q1 regulatory filing with the SEC. Gofen & Glossberg Llc bought 4,439 shares as the company’s stock declined 5.64% . The institutional investor held 348,632 shares of the aerospace company at the end of 2019Q1, valued at $44.94M, up from 344,193 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in United Technologies for a number of months, seems to be bullish on the $112.93 billion market cap company. The stock increased 0.50% or $0.66 during the last trading session, reaching $133.69. About 2.12 million shares traded. United Technologies Corporation (NYSE:UTX) has risen 0.38% since September 9, 2018 and is uptrending. It has outperformed by 0.38% the S&P500. Some Historical UTX News: 24/04/2018 – United Technologies 1Q Segment Operating Margin 13.1%; 22/05/2018 – UTX CEO: TALKING WITH INVESTORS ABOUT VALUE OF POSSIBLE BREAKUP; 19/03/2018 – UTX CEO DETAILS FUTURE PLANS IN INTERVIEW; 26/03/2018 – Washington UTC: UTC names new assistant director of energy regulation; 05/03/2018 EXCLUSIVE-Airbus sets services goal, targets productivity gains; 04/05/2018 – UTC’s takeover of Rockwell Collins approved by EU regulator; 19/03/2018 – Boeing Ends Objection to United Technologies, Rockwell Merger; 23/05/2018 – United Tech to invest $15 billion in U.S. over next five years; 02/05/2018 – UTX, GE: An A320 of Viva aerobus with problems in Merida. – ! $UTX $GE; 09/05/2018 – Otis Launches Gen2 MRL for High-Rise Market

Stanley-Laman Group Ltd increased its stake in Intel Corp (INTC) by 14.73% based on its latest 2019Q1 regulatory filing with the SEC. Stanley-Laman Group Ltd bought 6,259 shares as the company’s stock declined 0.41% . The institutional investor held 48,744 shares of the semiconductors company at the end of 2019Q1, valued at $2.62M, up from 42,485 at the end of the previous reported quarter. Stanley-Laman Group Ltd who had been investing in Intel Corp for a number of months, seems to be bullish on the $213.46B market cap company. The stock increased 1.64% or $0.82 during the last trading session, reaching $50.92. About 16.61M shares traded. Intel Corporation (NASDAQ:INTC) has risen 6.00% since September 9, 2018 and is uptrending. It has outperformed by 6.00% the S&P500. Some Historical INTC News: 21/05/2018 – MICRON TECHNOLOGY INC – CO, INTEL ANNOUNCED PRODUCTION AND SHIPMENT OF A 4BITS/CELL 3D NAND TECHNOLOGY; 11/05/2018 – Daily Beast: Not Just Michael Cohen: AT&T Hit Up Other Allies For Trump Intel; 15/03/2018 – Mark R. Warner: Joint Statement: Senate Intel Committee Leaders on Russian Nerve Agent Attack on British Soil; 06/04/2018 – The Daily Beast: @attackerman Although the Nat Intel Director said a “decision” was reached, sources say the course of the; 26/04/2018 – Intel executives say they ‘bit off a little too much’ amid 10-nanometer chip delays; 08/05/2018 – INTEL CAPITAL REPORTS OVER $70M NEW INVESTMENTS IN 12 STARTUPS; 08/03/2018 – ModusLink Corporation Receives Intel’s Preferred Quality Supplier Award; 18/04/2018 – Techmeme: Sources: Intel to shut down its New Devices Group, which was formed in 2013 and made fitness trackers and smart; 06/03/2018 – Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action Suit Filed Against Intel Corporation and Certain of; 22/03/2018 – Six Companies Join the Auto-ISAC: Allison Transmission, Autoliv, Calsonic Kansei, Hitachi, Intel and Navistar

Gofen & Glossberg Llc, which manages about $3.51B and $2.82 billion US Long portfolio, decreased its stake in International Business Machine (NYSE:IBM) by 4,262 shares to 162,349 shares, valued at $22.91 million in 2019Q1, according to the filing. It also reduced its holding in Mcdonalds (NYSE:MCD) by 13,273 shares in the quarter, leaving it with 260,233 shares, and cut its stake in Facebook (NASDAQ:FB).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: Finance.Yahoo.com which released: “Bill Ackman Comments on United Technologies Corp – Yahoo Finance” on August 16, 2019, also Finance.Yahoo.com with their article: “Dow Jones Today: Finally, Some Relief on the Trade Front – Yahoo Finance” published on September 05, 2019, Seekingalpha.com published: “More information sought from United Tech, Raytheon – Seeking Alpha” on August 15, 2019. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Seekingalpha.com and their article: “United Technologies stake cut at Third Point – Seeking Alpha” published on August 13, 2019 as well as Finance.Yahoo.com‘s news article titled: “Top Pentagon Official Has “No Major Concerns” With Raytheon-UTC Deal – Yahoo Finance” with publication date: August 28, 2019.

Investors sentiment decreased to 1.07 in Q1 2019. Its down 0.19, from 1.26 in 2018Q4. It dropped, as 79 investors sold UTX shares while 505 reduced holdings. 139 funds opened positions while 487 raised stakes. 668.70 million shares or 0.06% more from 668.32 million shares in 2018Q4 were reported. 11,221 were reported by Columbia Asset Management. Vident Investment Advisory Limited Liability Corp owns 2,771 shares. King Wealth has 2,656 shares. Professional Advisory Service accumulated 112,357 shares. Pictet And Cie (Europe) has invested 1.19% of its portfolio in United Technologies Corporation (NYSE:UTX). 240,946 were reported by Fiduciary Trust. Neuberger Berman Gp Lc has invested 0.27% in United Technologies Corporation (NYSE:UTX). Broderick Brian C stated it has 53,025 shares. National Asset Management, a New York-based fund reported 11,795 shares. Tru Comm Of Vermont has invested 1.58% in United Technologies Corporation (NYSE:UTX). Bridgeway Capital Mgmt Inc reported 0.18% stake. The Switzerland-based Bellecapital International Ltd has invested 0.37% in United Technologies Corporation (NYSE:UTX). Hanson Mcclain accumulated 1,997 shares. Silvercrest Asset Mngmt Gru Limited Liability invested in 0.14% or 112,143 shares. Barbara Oil Company reported 0.61% in United Technologies Corporation (NYSE:UTX).

Stanley-Laman Group Ltd, which manages about $747.00M and $411.84 million US Long portfolio, decreased its stake in Electronic Arts Inc (NASDAQ:EA) by 4,355 shares to 53,765 shares, valued at $5.46 million in 2019Q1, according to the filing. It also reduced its holding in Constellation Brand Class A (NYSE:STZ) by 1,865 shares in the quarter, leaving it with 23,529 shares, and cut its stake in Spdr S&P 500 Etf (SPY).

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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Gofen & Glossberg LLC IL Lowers Stake in QUALCOMM, Inc. (NASDAQ:QCOM)

Gofen & Glossberg LLC IL lessened its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.7% during the 2nd quarter, according to its most recent …

QUALCOMM logoGofen & Glossberg LLC IL lessened its position in QUALCOMM, Inc. (NASDAQ:QCOM) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,502 shares of the wireless technology company’s stock after selling 4,583 shares during the period. Gofen & Glossberg LLC IL’s holdings in QUALCOMM were worth $12,590,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Weaver Consulting Group bought a new stake in QUALCOMM during the 1st quarter worth approximately $25,000. Farmers National Bank bought a new position in shares of QUALCOMM during the 1st quarter worth approximately $26,000. Meridian Wealth Management LLC acquired a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $26,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $29,000. Finally, Field & Main Bank acquired a new stake in shares of QUALCOMM in the 1st quarter valued at approximately $32,000. Institutional investors own 76.18% of the company’s stock.

Shares of QUALCOMM stock opened at $71.26 on Friday. The stock’s fifty day moving average is $74.46. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.77 and a quick ratio of 1.61. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month high of $90.34. The company has a market capitalization of $86.63 billion, a P/E ratio of 22.34, a P/E/G ratio of 1.81 and a beta of 1.62.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.02. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The business’s revenue was down 12.7% on a year-over-year basis. On average, sell-side analysts anticipate that QUALCOMM, Inc. will post 2.88 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.48%. QUALCOMM’s dividend payout ratio is presently 77.74%.

In related news, EVP Michelle M. Sterling sold 5,560 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $86.44, for a total transaction of $480,606.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Erin L. Polek sold 1,478 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $70.36, for a total value of $103,992.08. Following the completion of the transaction, the senior vice president now owns 1,386 shares in the company, valued at $97,518.96. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Several equities research analysts have recently commented on the company. Macquarie set a $90.00 price objective on QUALCOMM and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays downgraded QUALCOMM from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $90.00 to $75.00 in a report on Thursday, July 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $84.00 price target on shares of QUALCOMM in a report on Thursday, May 2nd. Sanford C. Bernstein set a $60.00 price objective on QUALCOMM and gave the stock a “hold” rating in a research report on Wednesday, April 17th. Finally, TheStreet upgraded QUALCOMM from a “c+” rating to a “b-” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. QUALCOMM presently has an average rating of “Hold” and an average price target of $79.93.

About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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Home Depot (HD) Holding Held by Gofen & Glossberg Llc; Qci Asset Management Has Cut Its Intel …

… AS A SENIOR VICE PRESIDENT; 08/05/2018 – INTEL CAPITAL: INITIATIVE TO IDENTIFY INVESTMENT OPPORTUNITIES; 21/05/2018 – MICRON …

Intel Corporation (NASDAQ:INTC) Logo

Gofen & Glossberg Llc increased its stake in Home Depot (HD) by 2.53% based on its latest 2019Q1 regulatory filing with the SEC. Gofen & Glossberg Llc bought 2,035 shares as the company’s stock rose 7.49% . The institutional investor held 82,543 shares of the consumer services company at the end of 2019Q1, valued at $15.84M, up from 80,508 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in Home Depot for a number of months, seems to be bullish on the $234.18B market cap company. The stock decreased 0.40% or $0.86 during the last trading session, reaching $212.83. About 3.37M shares traded. The Home Depot, Inc. (NYSE:HD) has risen 8.32% since August 2, 2018 and is uptrending. It has outperformed by 8.32% the S&P500. Some Historical HD News: 14/05/2018 – Home Depot employees share 10 insider facts many shoppers don’t know; 15/05/2018 – HOME DEPOT INC – QTRLY COMP SALES IN U.S. WERE POSITIVE 3.9 PERCENT; 15/05/2018 – Home Depot 1Q Average Ticket Rose 5.8%; 22/05/2018 – ♫ Reuters Insider – U.S. Day Ahead: Looking for details on the path of interest rate hikes; 24/04/2018 – WFAA: #Breaking: An officer-involved shooting has been reported at a Home Depot store in northeast Dallas; 24/04/2018 – NBC 10 WJAR: #BREAKING: Two officers, one civilian shot at Home Depot in #Dallas; 18/04/2018 – Home Depot: Hiring to Support Initiatives Related to $11.1B, Three-Year Strategic Investment Plan; 24/04/2018 – KHOU: Sources: 2 Dallas PD officers, 1 security guard shot at Home Depot in north Dallas; 15/05/2018 – ♫ Reuters Insider – Home Depot’s rare sales miss; 24/04/2018 – ATF HQ: BREAKING: ATF is responding to the scene of a officer involved shooting at Home Depot in North Dallas, Texas

Qci Asset Management Inc decreased its stake in Intel Corporation (INTC) by 14.95% based on its latest 2019Q1 regulatory filing with the SEC. Qci Asset Management Inc sold 49,363 shares as the company’s stock declined 0.41% . The institutional investor held 280,884 shares of the semiconductors company at the end of 2019Q1, valued at $15.08 million, down from 330,247 at the end of the previous reported quarter. Qci Asset Management Inc who had been investing in Intel Corporation for a number of months, seems to be less bullish one the $219.29 billion market cap company. The stock decreased 2.08% or $1.05 during the last trading session, reaching $49.5. About 34.02M shares traded or 45.29% up from the average. Intel Corporation (NASDAQ:INTC) has risen 6.00% since August 2, 2018 and is uptrending. It has outperformed by 6.00% the S&P500. Some Historical INTC News: 02/05/2018 – MERKEL: NEW ISRAELI INTEL. ON IRAN MUST BE REVIEWED BY IAEA; 18/04/2018 – FogHorn to Showcase IIoT Edge to Cloud Machine Learning with Google and Intel at Hannover Messe 2018; 26/04/2018 – Intel 1Q EPS 93c; 26/04/2018 – INTEL CORP – INTEL TODAY ANNOUNCED THAT JIM KELLER WILL JOIN INTEL AS A SENIOR VICE PRESIDENT; 08/05/2018 – INTEL CAPITAL: INITIATIVE TO IDENTIFY INVESTMENT OPPORTUNITIES; 21/05/2018 – MICRON TECHNOLOGY INC – CO, INTEL ALSO ANNOUNCED DEVELOPMENT PROGRESS ON THIRD-GENERATION 96-TIER 3D NAND STRUCTURE; 30/03/2018 – Hexus (GB): Acer Predator Helios 500 with Intel Core i9 CPU listed; 03/04/2018 – Supermicro First-to-Market with IoT Embedded Solutions optimized for New 8th Gen Intel® Core™ Processors; 03/04/2018 – Akamai Appoints Scott Lovett As Senior Vice President, Global Web Sales; 13/05/2018 – As one of the world’s largest telecom equipment makers, ZTE relied on U.S. companies such as Qualcomm and Intel for components

More notable recent The Home Depot, Inc. (NYSE:HD) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About The Home Depot, Inc. (HD) – Yahoo Finance” on June 10, 2019, also Investorplace.com with their article: “3 Breakout Stocks to Buy Immediately – Investorplace.com” published on July 22, 2019, Investorplace.com published: “7 Retail Stocks to Buy for the Second Half of 2019 – Investorplace.com” on July 07, 2019. More interesting news about The Home Depot, Inc. (NYSE:HD) were released by: Finance.Yahoo.com and their article: “How Should Investors React To The Home Depot, Inc.’s (NYSE:HD) CEO Pay? – Yahoo Finance” published on June 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is The Home Depot, Inc.’s (NYSE:HD) 58% ROCE Any Good? – Yahoo Finance” with publication date: May 09, 2019.

Investors sentiment increased to 1.1 in Q1 2019. Its up 0.12, from 0.98 in 2018Q4. It is positive, as 44 investors sold HD shares while 601 reduced holdings. 148 funds opened positions while 559 raised stakes. 734.02 million shares or 3.93% less from 764.07 million shares in 2018Q4 were reported. Rafferty Asset Mngmt Lc owns 6,446 shares or 0.02% of their US portfolio. Citigroup holds 0.51% of its portfolio in The Home Depot, Inc. (NYSE:HD) for 2.77 million shares. Security has 2.98% invested in The Home Depot, Inc. (NYSE:HD) for 48,409 shares. Sfmg Limited Liability Co has invested 0.13% in The Home Depot, Inc. (NYSE:HD). Magellan Asset Management Limited reported 285 shares stake. Koshinski Asset Management has invested 0% in The Home Depot, Inc. (NYSE:HD). Intact Inv Mngmt Inc reported 0.53% of its portfolio in The Home Depot, Inc. (NYSE:HD). Cubist Systematic Strategies Ltd Limited Liability Company has 0.04% invested in The Home Depot, Inc. (NYSE:HD) for 5,731 shares. First Business Financial reported 0.18% stake. Vident Advisory Ltd Liability reported 4,859 shares stake. New Mexico Educational Retirement Board reported 0.78% stake. Brookmont Cap reported 176,592 shares stake. Legg Mason Asset Mgmt (Japan) Limited stated it has 1.51% of its portfolio in The Home Depot, Inc. (NYSE:HD). Panagora Asset Mgmt Inc reported 444,700 shares. Wealthtrust Fairport Limited Liability Corporation accumulated 46,626 shares.

Gofen & Glossberg Llc, which manages about $3.51B and $2.82B US Long portfolio, decreased its stake in Jpmorgan Chase & Co (NYSE:JPM) by 10,754 shares to 792,815 shares, valued at $80.26 million in 2019Q1, according to the filing. It also reduced its holding in Union Pacific (NYSE:UNP) by 3,501 shares in the quarter, leaving it with 96,321 shares, and cut its stake in Zoetis (NYSE:ZTS).

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Benzinga.com which released: “Intel CEO Talks Apple Deal, China In CNBC Interview – Benzinga” on August 01, 2019, also Nasdaq.com with their article: “Why Intel (INTC) Might Surprise This Earnings Season – Nasdaq” published on April 24, 2019, Nasdaq.com published: “Factors to Consider Ahead of Intel’s (INTC) Q1 Earnings – Nasdaq” on April 23, 2019. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Nasdaq.com and their article: “QQQ, CSCO, INTC, ADBE: Large Outflows Detected at ETF – Nasdaq” published on July 10, 2019 as well as Finance.Yahoo.com‘s news article titled: “Better Buy: NXP Semiconductors vs. Intel Corporation – Yahoo Finance” with publication date: July 16, 2019.

Investors sentiment decreased to 0.86 in 2019 Q1. Its down 0.14, from 1 in 2018Q4. It dived, as 61 investors sold INTC shares while 733 reduced holdings. 139 funds opened positions while 541 raised stakes. 2.84 billion shares or 4.15% less from 2.96 billion shares in 2018Q4 were reported. Lafayette Invests has 1.26% invested in Intel Corporation (NASDAQ:INTC). Rafferty Asset Mngmt Limited Liability Corp has 0.59% invested in Intel Corporation (NASDAQ:INTC). First Merchants Corp, Indiana-based fund reported 79,521 shares. Tiverton Asset Limited Com holds 1.09% of its portfolio in Intel Corporation (NASDAQ:INTC) for 468,510 shares. Ckw Fincl Grp Incorporated holds 0.02% of its portfolio in Intel Corporation (NASDAQ:INTC) for 2,074 shares. Aviva Public Ltd Com accumulated 1.70M shares. Bessemer Ltd Liability Corp holds 52,787 shares. 74,163 are owned by Delta Cap Mngmt Ltd Liability Corp. Brookstone Mgmt reported 16,173 shares. Lsv Asset Management reported 24.08 million shares stake. Massmutual Trust Fsb Adv reported 249,020 shares or 0% of all its holdings. B Riley Wealth Mgmt invested in 54,030 shares. Teachers Retirement System Of The State Of Kentucky holds 0.68% or 1.02 million shares in its portfolio. Alaska Permanent Cap Management accumulated 0.05% or 5,777 shares. Cantillon Cap Mgmt Ltd Liability reported 4.17M shares.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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Gofen & Glossberg LLC IL Has $32.91 Million Holdings in Broadcom Inc (NASDAQ:AVGO)

Gofen & Glossberg LLC IL boosted its position in shares of Broadcom Inc (NASDAQ:AVGO) by 1.0% in the second quarter, according to its most recent …

Broadcom logoGofen & Glossberg LLC IL boosted its position in shares of Broadcom Inc (NASDAQ:AVGO) by 1.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 114,327 shares of the semiconductor manufacturer’s stock after buying an additional 1,109 shares during the quarter. Broadcom makes up about 1.1% of Gofen & Glossberg LLC IL’s holdings, making the stock its 26th biggest holding. Gofen & Glossberg LLC IL’s holdings in Broadcom were worth $32,910,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinnacle Bank boosted 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. First Financial Corp IN bought a new stake in shares of Broadcom in the first quarter valued at about $30,000. Daiwa SB Investments Ltd. bought a new stake in shares of Broadcom in the first quarter valued at about $30,000. CX Institutional raised its holdings in shares of Broadcom by 555.6% in the first quarter. CX Institutional now owns 118 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Finally, Destination Wealth Management bought a new stake in shares of Broadcom in the first quarter valued at about $41,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

AVGO has been the subject of a number of recent research reports. Summit Insights upgraded Broadcom from a “hold” rating to a “buy” rating and set a $253.03 price target on the stock in a research note on Friday, June 14th. Jefferies Financial Group reduced their target price on Broadcom from $370.00 to $324.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Deutsche Bank reduced their price objective on Broadcom from $330.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Craig Hallum reissued a “buy” rating and issued a $315.00 price objective (down from $325.00) on shares of Broadcom in a research note on Friday, June 14th. Finally, Citigroup cut their target price on Broadcom from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Seven analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $303.68.

AVGO stock traded up $3.65 during trading on Thursday, reaching $293.64. 14,216 shares of the stock traded hands, compared to its average volume of 2,217,373. The firm’s 50 day simple moving average is $285.10. Broadcom Inc has a 52-week low of $202.77 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 has a market cap of $120.11 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.46 and a beta of 0.94.

Broadcom (NASDAQ:AVGO) last issued its quarterly earnings results on Thursday, June 13th. The semiconductor manufacturer reported $5.21 EPS for the quarter, beating analysts’ consensus estimates of $5.18 by $0.03. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.70 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 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.88 earnings per share. Equities research analysts anticipate that Broadcom Inc will post 17.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Monday, June 24th were paid a dividend of $2.65 per share. This represents a $10.60 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, June 21st. Broadcom’s payout ratio is currently 56.29%.

In related news, insider Hock E. Tan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $264.00, for a total value of $5,280,000.00. The transaction was disclosed in a legal filing with the SEC, 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 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 65,388 shares of company stock worth $18,198,482 in the last 90 days. 3.30% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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Gofen & Glossberg LLC IL Increases Holdings in Broadcom Inc (NASDAQ:AVGO)

Gofen & Glossberg LLC IL raised its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 1.0% in the second quarter, according to its most recent …

Broadcom logoGofen & Glossberg LLC IL raised its stake in shares of Broadcom Inc (NASDAQ:AVGO) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,327 shares of the semiconductor manufacturer’s stock after buying an additional 1,109 shares during the quarter. Broadcom comprises about 1.1% of Gofen & Glossberg LLC IL’s investment portfolio, making the stock its 26th biggest holding. Gofen & Glossberg LLC IL’s holdings in Broadcom were worth $32,910,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AVGO. Pinnacle Bank increased its holdings in shares of Broadcom by 128.2% in the 2nd quarter. Pinnacle Bank now owns 89 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. First Financial Corp IN bought a new stake in shares of Broadcom in the 1st quarter worth $30,000. Daiwa SB Investments Ltd. bought a new stake in shares of Broadcom in the 1st quarter worth $30,000. CX Institutional increased its holdings in shares of Broadcom by 555.6% in the 1st quarter. CX Institutional now owns 118 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Finally, Destination Wealth Management bought a new stake in shares of Broadcom in the 1st quarter worth $41,000. Institutional investors and hedge funds own 83.92% of the company’s stock.

In other news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $264.00, for a total value of $5,280,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Bryan Ingram sold 13,466 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $278.78, for a total value of $3,754,051.48. The disclosure for this sale can be found here. Insiders sold 65,388 shares of company stock worth $18,198,482 over the last 90 days. Company insiders own 3.30% of the company’s stock.

A number of analysts have commented on the company. KeyCorp lifted their target price on Alteryx from $100.00 to $123.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Rosenblatt Securities reissued a “buy” rating and issued a $350.00 target price on shares of Broadcom in a report on Monday, June 10th. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Morgan Stanley set a $143.00 price objective on FedEx and gave the stock a “hold” rating in a report on Monday, June 10th. Seven analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $303.68.

NASDAQ:AVGO opened at $303.77 on Thursday. The firm’s 50-day moving average is $281.55. Broadcom Inc has a 52-week low of $202.77 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 company has a market capitalization of $119.73 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.46 and a beta of 0.94.

Broadcom (NASDAQ:AVGO) last released its quarterly earnings results on Thursday, June 13th. The semiconductor manufacturer reported $5.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.18 by $0.03. Broadcom had a return on equity of 32.81% and a net margin of 15.92%. The business had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. Broadcom’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities analysts anticipate that Broadcom Inc will post 17.43 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Monday, June 24th were given a $2.65 dividend. The ex-dividend date was Friday, June 21st. This represents a $10.60 annualized dividend and a dividend yield of 3.49%. Broadcom’s payout ratio is 56.29%.

Broadcom 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.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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