1,022 Shares in Broadcom Inc. $AVGO Bought by D. Scott Neal Inc.

Key Points

• D. Scott Neal Inc. purchased 1,022 shares of Broadcom Inc. valued at approximately $282,000 during the second quarter.
• Analysts have raised their price targets for Broadcom, with Mizuho increasing its target from $355 to $410, indicating strong market confidence.
• Broadcom announced a quarterly dividend of $0.59 per share, representing an annualized yield of 0.7%, with an ex-dividend date of September 22nd.

D. Scott Neal Inc. purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,022 shares of the semiconductor manufacturer's stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AVGO. Vanguard Group Inc. grew its position in Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after acquiring an additional 2,085,534 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after buying an additional 17,985,046 shares during the period. Nuveen LLC acquired a new position in shares of Broadcom in the first quarter worth about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Broadcom by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock worth $5,900,814,000 after acquiring an additional 842,088 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Broadcom by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock worth $7,975,616,000 after acquiring an additional 581,704 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AVGO. Mizuho upped their price objective on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday. Oppenheimer restated an "outperform" rating and issued a $360.00 target price (up from $325.00) on shares of Broadcom in a research report on Friday, September 5th. TD Cowen increased their price target on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. KeyCorp raised their price objective on Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Morgan Stanley raised their price objective on Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and an average price target of $354.04.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $359.87 on Monday. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The business has a fifty day simple moving average of $300.31 and a 200 day simple moving average of $242.50. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The firm has a market cap of $1.70 trillion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period last year, the company earned $1.24 earnings per share. The business's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the sale, the director directly owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. The trade was a 8.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harry L. You acquired 500 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were bought at an average cost of $363.38 per share, for a total transaction of $181,690.00. Following the completion of the acquisition, the director directly owned 35,602 shares of the company's stock, valued at approximately $12,937,054.76. This represents a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 850,112 shares valued at $234,654,209. 2.00% of the stock is owned by corporate insiders.

Broadcom Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.