12,717 Shares in Broadcom Inc. $AVGO Purchased by Northstar Advisory Group LLC

Key Points

• Northstar Advisory Group LLC acquired a new position in Broadcom Inc. by purchasing 12,717 shares valued at approximately $3.5 million, representing about 1.7% of its total holdings.
• Broadcom reported a quarterly earnings per share (EPS) of $1.69, exceeding analyst expectations, with a year-over-year revenue growth of 22.0%.
• The company announced a quarterly dividend of $0.59 per share, set to be paid on September 30th, with a current payout ratio of 60.20%.

Northstar Advisory Group LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,717 shares of the semiconductor manufacturer's stock, valued at approximately $3,505,000. Broadcom makes up about 1.7% of Northstar Advisory Group LLC's holdings, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the 4th quarter valued at about $28,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom in the fourth quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the first quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new position in Broadcom during the 1st quarter valued at approximately $25,000. Finally, Inlight Wealth Management LLC bought a new stake in Broadcom in the 1st quarter worth approximately $26,000. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Broadcom stock opened at $364.09 on Tuesday. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. 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 50-day moving average price of $302.11 and a 200-day moving average price of $243.65. The firm has a market capitalization of $1.72 trillion, a PE ratio of 92.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

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

Broadcom Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be issued a dividend of $0.59 per share. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom's payout ratio is presently 60.20%.

Analyst Ratings Changes

A number of research analysts have recently commented on AVGO shares. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Oppenheimer reiterated an "outperform" rating and set a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Sanford C. Bernstein boosted their target price on shares of Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. TD Cowen upped their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Citigroup lifted their price target on Broadcom from $315.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $356.48.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 56,310 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at approximately $91,117,639.75. This represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider directly owned 415,956 shares in the company, valued at $105,353,335.68. This represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 850,112 shares worth $234,654,209. Insiders own 2.00% of the company's stock.

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.

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