Several investors recently changed their investment in Broadcom. Global Wealth Strategies & Associates increased their shares by 2,000% in Q3, now owning 315 shares valued at $54,000. Neville Rodie & Shaw Inc. boosted their shares by 982.4%, owning 43,285 shares worth $7,467,000. Mattson Financial Services and Alternative Investment Advisors each acquired new positions worth about $2.33 million and $3.16 million, respectively. Greater Midwest Financial Group increased their holdings by 868.6%, now owning 47,925 shares worth $76.95 million. Overall, 76.43% of Broadcom’s stock is held by institutional investors.
Broadcom Stock Performance
NASDAQ:AVGO opened at $170.66. The company has a debt-to-equity ratio of 1.02 and a market cap of $794.40 billion. Broadcom’s one-year low is $80.89 and high is $185.16. Recent earnings showed $1.24 EPS, exceeding estimates of $1.20. Revenue was $13.07 billion, up 47.3% from last year.
Broadcom Increases Dividend
Broadcom recently announced a quarterly dividend of $0.53 per share, with a yield of 1.24%. This is an increase from the previous dividend and represents an annual payout of $2.12.
Insider Activity at Broadcom
Insider Charlie B. Kawwas sold 25,200 shares for $4.24 million, while Director Gayla J. Delly sold 750 shares for $130,897. In total, insiders sold 233,452 shares worth $51.28 million, with 2.00% of shares owned by insiders.
Wall Street Analyst Review
Analysts have issued positive reports on AVGO, with Evercore ISI raising their target price to $201. Most analysts rate Broadcom as a Moderate Buy with an average target price of $189.23.
Broadcom Company Profile
Broadcom Inc designs semiconductor products focusing on digital and mixed-signal devices globally, operating in Semiconductor Solutions and Infrastructure Software segments.
Further Reading
- Five stocks we like better than Broadcom
- Understanding Uptrend Stocks
- Top Stocks with Upside Potential
- Investing in Penny Stocks
- Nikes Earnings Drop: Buying Opportunity
- Overview of Stock Sentiment Analysis
- Microsofts Potential Upside
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