Capital Advisors Ltd. LLC Has $210,000 Stake in Broadcom Inc. (NASDAQ:AVGO)

Capital Advisors Ltd. LLC raised its position in Broadcom Inc. (NASDAQ:AVGOGet Rating) by 17.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 334 shares of the semiconductor manufacturer’s stock after acquiring an additional 49 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Broadcom were worth $210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hanson & Doremus Investment Management bought a new position in shares of Broadcom during the 1st quarter worth approximately $26,000. Ahrens Investment Partners LLC lifted its holdings in Broadcom by 125.0% during the 1st quarter. Ahrens Investment Partners LLC now owns 45 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 25 shares during the last quarter. West Bancorporation Inc. bought a new position in Broadcom during the fourth quarter worth $29,000. Semmax Financial Advisors Inc. increased its holdings in shares of Broadcom by 300.0% in the fourth quarter. Semmax Financial Advisors Inc. now owns 44 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 33 shares during the last quarter. Finally, Hoey Investments Inc. bought a new position in shares of Broadcom in the first quarter valued at about $30,000. Institutional investors own 81.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AVGO. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Broadcom from $700.00 to $635.00 in a research note on Wednesday, July 20th. Mizuho increased their target price on Broadcom from $700.00 to $725.00 and gave the stock a “buy” rating in a research note on Friday, May 27th. Piper Sandler restated a “buy” rating and issued a $750.00 price target on shares of Broadcom in a research note on Tuesday, May 24th. KeyCorp increased their price objective on Broadcom from $720.00 to $780.00 and gave the stock an “overweight” rating in a research report on Friday, May 27th. Finally, Truist Financial boosted their target price on shares of Broadcom to $658.00 in a research report on Friday, May 27th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $680.46.

Broadcom Trading Down 0.2 %

Shares of Broadcom stock opened at $551.44 on Friday. The firm has a market capitalization of $222.68 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.12 and a beta of 1.08. The company has a current ratio of 2.14, a quick ratio of 1.90 and a debt-to-equity ratio of 1.87. The firm’s 50 day moving average is $518.75 and its 200 day moving average is $561.25. Broadcom Inc. has a 1 year low of $462.66 and a 1 year high of $677.76.

Broadcom (NASDAQ:AVGOGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The semiconductor manufacturer reported $8.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.88 by $0.51. Broadcom had a net margin of 29.76% and a return on equity of 56.29%. The company had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same period in the prior year, the business earned $5.89 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities research analysts forecast that Broadcom Inc. will post 33.96 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd were issued a dividend of $4.10 per share. This represents a $16.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, June 21st. Broadcom’s dividend payout ratio (DPR) is currently 81.31%.

Broadcom declared that its board has initiated a stock buyback plan on Thursday, May 26th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Broadcom Profile

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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.

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Institutional Ownership by Quarter for Broadcom (NASDAQ:AVGO)

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