TBH Global Asset Management LLC has increased its stake in Broadcom Inc. by 29.2% during the fourth quarter, according to a recent filing with the SEC. The company now owns 641 shares of Broadcom, worth $715,000 at the time of the filing.
Other hedge funds have also made changes to their positions in Broadcom. International Assets Investment Management LLC now owns 3,327,217 shares of Broadcom, valued at $37,140,060,000. Wellington Management Group LLP and JP Morgan Private Wealth Advisors LLC have also increased their holdings in the company. FMR LLC and Invesco Ltd. have also increased their stakes in Broadcom.
Broadcom’s stock performance shows that it opened at $1,407.84 on Friday. The company has a market capitalization of $652.42 billion and a PE ratio of 52.18. The 12-month low for the stock is $690.77 and the high is $1,445.40.
In its latest quarterly earnings report, Broadcom posted earnings per share of $10.99, surpassing the consensus estimate of $8.95. The company’s revenue for the quarter was $11.96 billion, higher than the estimated $11.79 billion. Analysts predict that Broadcom will post 36.06 EPS for the current year.
Broadcom announced a quarterly dividend, with shareholders receiving $5.25 per share. Insiders at Broadcom, including Mark David Brazeal and Charlie B. Kawwa, have sold shares in recent transactions.
Several research analysts have provided price targets for Broadcom, with the consensus rating being “Moderate Buy” and a target price of $1,296.91.
Broadcom Inc. designs, develops, and supplies semiconductor devices globally, focusing on complex digital and mixed signal products. The company operates in two segments: semiconductor solutions and infrastructure software.
For more information on hedge fund holdings and insider trading related to Broadcom, investors can visit HoldingsChannel.com.
To receive daily news and ratings from Broadcom, investors can subscribe to MarketBeat.com’s free daily email newsletter.
Article Source
https://www.defenseworld.net/2024/05/25/tbh-global-asset-management-llc-raises-holdings-in-broadcom-inc-nasdaqavgo.html
