博通公司(納斯達克代碼：AVGO)長灘農商信託公司購買的股票

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Broadcom Inc. (NASDAQ:AVGO – Get Rating) by 19.0% during the first quarter, Holdings Channel reports. The firm owned 910 shares of the semiconductor manufacturer's stock after acquiring an additional 145 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH's holdings in Broadcom were worth $573,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AVGO. Norges Bank acquired a new position in Broadcom during the fourth quarter worth $2,403,800,000. Fisher Asset Management LLC lifted its stake in Broadcom by 22,117.6% during the fourth quarter. Fisher Asset Management LLC now owns 752,289 shares of the semiconductor manufacturer's stock worth $500,581,000 after purchasing an additional 748,903 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Broadcom by 16.4% during the fourth quarter. Nuveen Asset Management LLC now owns 4,431,858 shares of the semiconductor manufacturer's stock worth $2,949,003,000 after purchasing an additional 624,821 shares in the last quarter. State Street Corp lifted its stake in Broadcom by 3.4% during the fourth quarter. State Street Corp now owns 16,533,258 shares of the semiconductor manufacturer's stock worth $11,001,395,000 after purchasing an additional 542,398 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in Broadcom by 119.7% during the fourth quarter. Toronto Dominion Bank now owns 670,216 shares of the semiconductor manufacturer's stock worth $445,964,000 after purchasing an additional 365,162 shares in the last quarter. Institutional investors own 81.53% of the company's stock.

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Shares of NASDAQ:AVGO opened at $477.84 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 2.14 and a debt-to-equity ratio of 1.87. The company has a market cap of $192.96 billion, a P/E ratio of 23.69, a PEG ratio of 0.97 and a beta of 1.09. Broadcom Inc. has a 52 week low of $455.71 and a 52 week high of $677.76. The company has a 50-day moving average price of $545.74 and a 200 day moving average price of $582.01.

Broadcom (NASDAQ:AVGO – Get Rating) last announced its quarterly earnings data on Thursday, May 26th. The semiconductor manufacturer reported $9.07 EPS for the quarter, beating analysts' consensus estimates of $7.88 by $1.19. Broadcom had a net margin of 29.76% and a return on equity of 56.29%. The firm had revenue of $8.10 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter last year, the firm earned $5.89 earnings per share. The firm's revenue was up 22.6% compared to the same quarter last year. Analysts expect that Broadcom Inc. will post 33.95 EPS for the current year.

Broadcom declared that its Board of Directors has authorized a share buyback program on Thursday, May 26th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to purchase up to 4.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd were given a dividend of $4.10 per share. The ex-dividend date of this dividend was Tuesday, June 21st. This represents a $16.40 dividend on an annualized basis and a dividend yield of 3.43%. Broadcom's payout ratio is 81.31%.

AVGO has been the topic of a number of recent research reports. Mizuho upped their price objective on Broadcom from $700.00 to $725.00 and gave the stock a "buy" rating in a research report on Friday, May 27th. Truist Financial upped their price objective on Broadcom to $658.00 in a research report on Friday, May 27th. Bank of America cut their price objective on Broadcom from $780.00 to $625.00 and set a "buy" rating on the stock in a research report on Wednesday, June 29th. Piper Sandler reissued a "buy" rating and issued a $750.00 target price on shares of Broadcom in a report on Tuesday, May 24th. Finally, StockNews.com raised Broadcom from a "buy" rating to a "strong-buy" rating in a report on Friday, May 13th. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $683.17.

Broadcom Profile (Get Rating)

Broadcom Inc designs, develops, and supplies various 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 in two segments, Semiconductor Solutions and Infrastructure Software.

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