FDx Advisors Inc. Boosts Holdings in Broadcom Inc (AVGO)

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FDx Advisors Inc. boosted its position in shares of Broadcom Inc (NASDAQ:AVGO) by 52.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,101 shares of the semiconductor manufacturer’s stock after buying an additional 3,823 shares during the period. FDx Advisors Inc.’s holdings in Broadcom were worth $2,823,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AVGO. Vanguard Group Inc. boosted its holdings in shares of Broadcom by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 33,632,811 shares of the semiconductor manufacturer’s stock worth $8,298,223,000 after purchasing an additional 2,094,847 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Broadcom by 6.6% during the 3rd quarter. Vanguard Group Inc now owns 33,632,811 shares of the semiconductor manufacturer’s stock worth $8,298,223,000 after purchasing an additional 2,094,847 shares during the last quarter. Capital International Investors boosted its holdings in shares of Broadcom by 504.1% during the 3rd quarter. Capital International Investors now owns 27,509,769 shares of the semiconductor manufacturer’s stock worth $6,787,485,000 after purchasing an additional 22,955,578 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Broadcom by 0.8% during the 3rd quarter. BlackRock Inc. now owns 25,930,258 shares of the semiconductor manufacturer’s stock worth $6,397,772,000 after purchasing an additional 209,280 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Broadcom by 16.3% during the 3rd quarter. Capital Research Global Investors now owns 25,694,725 shares of the semiconductor manufacturer’s stock worth $6,339,659,000 after purchasing an additional 3,608,395 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

In other news, insider Hock E. Tan sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $254.99, for a total transaction of $5,099,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Charlie B. Kawwas sold 10,000 shares of the company’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $259.19, for a total value of $2,591,900.00. The disclosure for this sale can be found here. In the last three months, insiders sold 79,723 shares of company stock worth $20,347,374. 3.30% of the stock is owned by corporate insiders.

Shares of NASDAQ AVGO opened at $280.94 on Friday. The company has a market capitalization of $112.26 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.41 and a current ratio of 3.90. Broadcom Inc has a 52-week low of $197.46 and a 52-week high of $286.63.

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

Several brokerages have recently weighed in on AVGO. Zacks Investment Research upgraded Broadcom from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $310.00 price objective on shares of Broadcom in a report on Thursday, February 14th. BidaskClub upgraded Broadcom from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 13th. UBS Group decreased their price objective on Broadcom from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, December 7th. Finally, BMO Capital Markets upped their price objective on Broadcom from $230.00 to $250.00 and gave the company a “market perform” rating in a report on Friday, December 7th. Nine research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $289.42.

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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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