Harel Insurance Investments & Financial Services Ltd. Has $227.96 Million Stake in Broadcom Inc. $AVGO

Harel Insurance Investments & Financial Services Ltd. lifted its stake in Broadcom Inc. ( NASDAQ:AVGO – Free Report ) by 61.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 736,534 shares of the semiconductor manufacturer’s stock after acquiring an additional 280,124 shares during the quarter. Broadcom makes up approximately 1.5% of Harel Insurance Investments & Financial Services Ltd.’s investment portfolio, making the stock its 20th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Broadcom were worth $227,960,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Avanda Investment Management Pte. Ltd. grew its stake in shares of Broadcom by 43.1% in the first quarter. Avanda Investment Management Pte. Ltd. now owns 9,160 shares of the semiconductor manufacturer’s stock valued at $2,835,000 after buying an additional 2,760 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Broadcom by 8.9% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 289,518 shares of the semiconductor manufacturer’s stock valued at $89,562,000 after purchasing an additional 23,700 shares during the period. Advisors Preferred LLC raised its holdings in shares of Broadcom by 62.5% in the 1st quarter. Advisors Preferred LLC now owns 19,962 shares of the semiconductor manufacturer’s stock valued at $6,178,000 after purchasing an additional 7,677 shares during the period. Opinicus Capital Inc. lifted its stake in Broadcom by 1.9% in the 1st quarter. Opinicus Capital Inc. now owns 4,115 shares of the semiconductor manufacturer’s stock valued at $1,274,000 after purchasing an additional 75 shares during the last quarter. Finally, Meridian Management Co. lifted its stake in Broadcom by 0.3% in the 1st quarter. Meridian Management Co. now owns 9,425 shares of the semiconductor manufacturer’s stock valued at $2,917,000 after purchasing an additional 28 shares during the last quarter.

76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Down 1.0% AVGO opened at $370.83 on Friday. The company has a market cap of $1.76 trillion, a P/E ratio of 61.81, a PEG ratio of 0.65 and a beta of 1.45. The company has a current ratio of 2.24, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The company’s 50 day moving average is $401.29 and its 200-day moving average is $365.31. Broadcom Inc. has a 1-year low of $273.00 and a 1-year high of $495.00.

Broadcom Inc. last posted its earnings results on Wednesday, June 3rd. The semiconductor manufacturer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.40 by $0.04. Broadcom had a return on equity of 41.61% and a net margin of 38.85%.The firm had revenue of $22.19 billion during the quarter, compared to the consensus estimate of $22.13 billion. During the same period last year, the company earned $1.58 earnings per share. The business’s quarterly revenue was up 47.9% on a year-over-year basis. Equities research analysts predict that Broadcom Inc. will post 10.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 22nd were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, June 22nd.