816 Shares in Broadcom Inc. $AVGO Acquired by Single Point Partners LLC

Single Point Partners LLC purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 816 shares of the semiconductor manufacturer's stock, valued at approximately $225,000.

Several other institutional investors have also made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom during the first quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom during the first quarter worth approximately $26,000. Sawyer & Company Inc boosted its holdings in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom during the second quarter worth approximately $28,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of the business's stock in a transaction on 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 transaction, the director owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on AVGO shares. JPMorgan Chase & Co. lifted their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Wells Fargo & Company lifted their target price on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research note on Friday, September 5th. Morgan Stanley lifted their target price on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Macquarie started coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 target price for the company. Finally, Bank of America lifted their target price on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $357.22.

Broadcom Trading Up 2.7%

NASDAQ:AVGO opened at $345.50 on Thursday. Broadcom Inc. has a 12 month low of $138.10 and a 12 month high of $374.23. The firm has a market cap of $1.63 trillion, a price-to-earnings ratio of 88.14, a P/E/G ratio of 1.86 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. The company's 50 day moving average is $320.89 and its 200-day moving average is $260.37.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 quarter last year, the firm posted $1.24 earnings per share. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Broadcom 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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