795 Shares in Broadcom Inc. $AVGO Acquired by Gordian Advisors LLC

Key Points

• Gordian Advisors LLC acquired 795 shares of Broadcom Inc., valued at approximately $219,000, reflecting growing institutional interest in the semiconductor manufacturer.
• Insider activity included the sale of 368,797 shares by Director Henry Samueli, indicating a 0.97% decrease in his ownership, while insiders have sold a total of 665,271 shares valued at over $225 million in the last three months.
• Broadcom announced a quarterly dividend of $0.59, representing a 0.7% yield, and has received several ratings upgrades with an average price target of $372.33 from analysts.

Gordian Advisors LLC acquired a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 795 shares of the semiconductor manufacturer's stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the 1st quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom during the 1st quarter valued at about $26,000. Sawyer & Company Inc increased its holdings in Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Broadcom in the second quarter worth approximately $28,000. Institutional investors own 76.43% of the company's stock.

Insider Activity

In related news, insider Charlie B. Kawwas sold 3,893 shares of the business's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. The trade was a 13.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Down 1.4%

AVGO opened at $349.33 on Friday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company's 50-day moving average price is $327.73 and its two-hundred day moving average price is $269.24. The stock has a market cap of $1.65 trillion, a price-to-earnings ratio of 89.11, a PEG ratio of 1.97 and a beta of 1.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a $0.59 dividend. The ex-dividend date was Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's payout ratio is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the topic of several analyst reports. Barclays set a $450.00 target price on Broadcom and gave the company an "overweight" rating in a research report on Tuesday. Evercore ISI lifted their price objective on shares of Broadcom from $342.00 to $403.00 and gave the stock an "outperform" rating in a report on Wednesday. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Morgan Stanley set a $409.00 price target on shares of Broadcom and gave the stock an "overweight" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Broadcom and gave the company a "buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and an average price target of $372.33.

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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