Institutional Investor Holdings – Page 3

Broadcom Inc. $AVGO Stock Position Lowered by Stillwater Capital Advisors LLC

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Stillwater Capital Advisors LLC lessened its stake in shares of Broadcom Inc. (NASDAQ:AVGO – Free Report) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,401 shares of the semiconductor manufacturer’s stock after selling 3,324 shares during the period. Broadcom comprises approximately 8.0% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its biggest holding. Stillwater Capital Advisors LLC’s holdings in Broadcom were worth $70,733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Sawyer & Company Inc lifted its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 36 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of Broadcom in the second quarter valued at about $27,000. Legend Financial Advisors Inc. purchased a new stake in Broadcom in the second quarter worth about $28,000. Teachers Insurance & Annuity Association of America bought a new position in Broadcom during the 2nd quarter worth about $28,000. Finally, LGT Financial Advisors LLC purchased a new position in Broadcom during the 2nd quarter valued at about $31,000. Institutional investors own 76.43% of the company’s stock.

Broadcom News Summary

Here are the key news stories impacting Broadcom this week:

Insider Transactions at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kirsten M. Spears sold 3,714 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $327.79, for a total transaction of $1,217,412.06. Following the transaction, the chief financial officer owned 307,237 shares in the company, valued at $100,709,216.23. The trade was a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 863,577 shares of company stock worth $311,694,744 over the last ninety days. 2.00% of the stock is currently owned by insiders.

Broadcom Stock Performance

Shares of AVGO opened at $340.36 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.61 trillion, a PE ratio of 71.50, a P/E/G ratio of 1.17 and a beta of 1.19. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $414.61. The stock has a fifty day moving average price of $362.98 and a 200-day moving average price of $321.10.

Broadcom (NASDAQ:AVGO – Get Free Report) last announced its earnings results on Thursday, December 11th. The semiconductor manufacturer reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.08. Broadcom had a return on equity of 37.45% and a net margin of 36.20%.The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, December 22nd. This is an increase from Broadcom’s previous quarterly dividend of $0.59. Broadcom’s payout ratio is 49.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AVGO. Susquehanna reaffirmed a “positive” rating and issued a $450.00 price target (up previously from $400.00) on shares of Broadcom in a research report on Thursday, December 4th. JPMorgan Chase & Co. upped their target price on Broadcom from $400.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. TD Cowen increased their target price on Broadcom from $405.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 12th. Argus boosted their price target on Broadcom from $285.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Barclays restated an “overweight” rating and set a $500.00 price objective (up from $450.00) on shares of Broadcom in a research note on Friday, December 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Broadcom currently has an average rating of “Buy” and an average target price of $436.33.

Read Our Latest Research Report on AVGO

Broadcom Company Profile

(Free Report)

Broadcom Inc (NASDAQ: AVGO) is a global technology company that designs, develops and supplies semiconductor and infrastructure software solutions for a broad range of markets. The company’s semiconductor business provides components and systems for wired and wireless communications, enterprise and cloud storage, networking and broadband access, serving original equipment manufacturers, cloud service providers, telecommunications carriers and industrial customers worldwide. Broadcom is headquartered in Irvine, California, and operates globally with research, development and sales organizations across North America, Europe and Asia.

On the semiconductor side, Broadcom’s portfolio includes system-on-chip (SoC) and application-specific integrated circuit (ASIC) solutions, radio-frequency and connectivity components, Ethernet switching and PHY devices, storage adapters and controllers, optical transceivers and other networking silicon.

Dynamic Advisor Solutions LLC Grows Stock Holdings in Tesla, Inc. $TSLA

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Dynamic Advisor Solutions LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 90,247 shares of the electric vehicle producer’s stock after purchasing an additional 1,820 shares during the quarter. Tesla comprises about 1.2% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 12th biggest position. Dynamic Advisor Solutions LLC’s holdings in Tesla were worth $40,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Tesla in the second quarter worth $11,839,824,000. Kingstone Capital Partners Texas LLC boosted its position in Tesla by 581,880.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares during the last quarter. Vanguard Group Inc. boosted its position in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares during the last quarter. Amundi grew its stake in shares of Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the period. Finally, Caxton Associates LLP purchased a new stake in shares of Tesla during the 1st quarter valued at about $469,339,000. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research reports. President Capital raised their price objective on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BNP Paribas Exane started coverage on shares of Tesla in a research report on Thursday, October 16th. They issued an “underperform” rating and a $307.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 23rd. Roth Capital set a $505.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Finally, Cantor Fitzgerald set a $510.00 target price on Tesla and gave the company an “overweight” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and an average price target of $404.14.

Get Our Latest Analysis on TSLA

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 19.90% of the stock is currently owned by insiders.

Tesla Stock Down 0.4%

TSLA opened at $481.20 on Friday. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 320.80, a price-to-earnings-growth ratio of 12.08 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The firm’s fifty day moving average is $439.98 and its 200 day moving average is $380.55. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $495.28.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. On average, sell-side analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Positive Sentiment: Analysts are lifting targets and reiterating bullish views, providing near‑term support for the rally — Deutsche Bank bumped its target to $500 and other firms (Mizuho, CICC, Truist) have issued bullish notes.