2,671 Shares in Broadcom Inc (AVGO) Purchased by 1 North Wealth Services LLC

Share on StockTwits

1 North Wealth Services LLC bought a new stake in Broadcom Inc (NASDAQ:AVGO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,671 shares of the semiconductor manufacturer’s stock, valued at approximately $679,000.

Several other hedge funds have also bought and sold shares of AVGO. Capital International Investors grew its holdings in shares of Broadcom by 504.1% in the third quarter. Capital International Investors now owns 27,509,769 shares of the semiconductor manufacturer’s stock valued at $6,787,485,000 after purchasing an additional 22,955,578 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Broadcom by 26,295.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,950,143 shares of the semiconductor manufacturer’s stock valued at $47,000 after purchasing an additional 11,904,869 shares in the last quarter. FMR LLC purchased a new position in shares of Broadcom in the second quarter valued at $2,768,560,000. Bank of New York Mellon Corp purchased a new position in Broadcom during the second quarter worth $1,127,357,000. Finally, Capital Research Global Investors boosted its stake in Broadcom by 16.3% during the third quarter. Capital Research Global Investors now owns 25,694,725 shares of the semiconductor manufacturer’s stock worth $6,339,659,000 after buying an additional 3,608,395 shares during the period. 89.34% of the stock is owned by hedge funds and other institutional investors.

Shares of AVGO opened at $281.32 on Thursday. The firm has a market cap of $113.79 billion, a PE ratio of 14.94, a P/E/G ratio of 1.24 and a beta of 0.72. Broadcom Inc has a 12-month low of $197.46 and a 12-month high of $282.16. The company has a quick ratio of 3.41, a current ratio of 3.90 and a debt-to-equity ratio of 0.66.

Broadcom (NASDAQ:AVGO) last issued its earnings results on Thursday, December 6th. The semiconductor manufacturer reported $5.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.58 by $0.27. The firm had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.40 billion. Broadcom had a net margin of 58.80% and a return on equity of 29.03%. The business’s revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.59 earnings per share. Analysts predict that Broadcom Inc will post 18.59 EPS for the current year.

AVGO has been the subject of several recent analyst reports. Deutsche Bank dropped their price objective on shares of Broadcom from $310.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, December 3rd. Credit Suisse Group initiated coverage on shares of Broadcom in a research note on Friday, November 16th. They set an “outperform” rating and a $300.00 price objective for the company. ValuEngine raised shares of Broadcom from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. UBS Group dropped their price objective on shares of Broadcom from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, December 7th. Finally, BidaskClub raised shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, November 8th. Nine research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $288.93.

In related news, Director Lewis C. Eggebrecht sold 2,000 shares of Broadcom stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $260.81, for a total value of $521,620.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas H. Krause sold 22,500 shares of Broadcom stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $257.08, for a total value of $5,784,300.00. The disclosure for this sale can be found here. Insiders sold 79,723 shares of company stock valued at $20,347,374 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “2,671 Shares in Broadcom Inc (AVGO) Purchased by 1 North Wealth Services LLC” was first posted by BBNS and is the property of of BBNS. If you are reading this report on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright laws. The original version of this report can be read at https://baseballnewssource.com/2019/02/14/2671-shares-in-broadcom-inc-avgo-purchased-by-1-north-wealth-services-llc/3214699.html.

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.

Featured Story: What type of investment options does a Roth IRA provide?

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 (NASDAQ:AVGO).

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2019 BBNS.