Janus Henderson Group PLC Has $249.74 Million Position in Broadcom Inc (AVGO)

Janus Henderson Group PLC decreased its position in shares of Broadcom Inc (NASDAQ:AVGO) by 8.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 830,602 shares of the semiconductor manufacturer’s stock after selling 75,595 shares during the quarter. Janus Henderson Group PLC’s holdings in Broadcom were worth $249,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accurate Investment Solutions Inc. purchased a new position in shares of Broadcom during the 4th quarter valued at $25,000. Ruggie Capital Group purchased a new position in shares of Broadcom during the 4th quarter valued at $25,000. AlphaOne Investment Services LLC purchased a new position in shares of Broadcom during the 4th quarter valued at $25,000. First Financial Corp IN purchased a new position in shares of Broadcom during the 1st quarter valued at $30,000. Finally, Daiwa SB Investments Ltd. purchased a new position in shares of Broadcom during the 1st quarter valued at $30,000. Institutional investors own 87.01% of the company’s stock.

A number of research firms recently weighed in on AVGO. KeyCorp restated an “overweight” rating and set a $335.00 target price (up previously from $310.00) on shares of Broadcom in a research note on Tuesday, April 2nd. ValuEngine upgraded shares of Broadcom from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. BidaskClub cut shares of Broadcom from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Cowen downgraded shares of Broadcom from an “outperform” rating to a “market perform” rating and set a $280.00 price target on the stock. in a report on Friday, February 22nd. Finally, Citigroup assumed coverage on shares of Broadcom in a report on Friday, March 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $303.41.

In other news, insider Hock E. Tan sold 20,000 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $315.07, for a total value of $6,301,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas H. Krause sold 14,494 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $295.45, for a total transaction of $4,282,252.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,824 shares of company stock worth $26,390,919. Insiders own 3.30% of the company’s stock.

Broadcom stock opened at $315.71 on Friday. Broadcom Inc has a twelve month low of $197.46 and a twelve month high of $323.20. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.14 and a current ratio of 1.27. The stock has a market capitalization of $124.97 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68.

Broadcom (NASDAQ:AVGO) last posted its earnings results on Thursday, March 14th. The semiconductor manufacturer reported $5.55 earnings per share for the quarter, topping analysts’ consensus estimates of $4.32 by $1.23. Broadcom had a net margin of 30.50% and a return on equity of 30.31%. The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.83 billion. During the same period in the previous year, the firm posted $5.12 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Broadcom Inc will post 17.65 earnings per share for the current fiscal year.

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About Broadcom

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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