875 Shares in Broadcom Inc. $AVGO Purchased by HT Partners LLC

Key Points

• HT Partners LLC acquired a new stake of 875 shares in Broadcom Inc., valued at approximately $241,000, according to their recent 13F filing.
• Analysts have increased their price targets for Broadcom, with predictions reaching up to $400.00 from firms like JPMorgan and Deutsche Bank, reflecting a strong "buy" sentiment.
• The company recently declared a quarterly dividend of $0.59 per share, representing an annualized dividend of $2.36 and a yield of 0.7%.

HT Partners LLC acquired a new stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 875 shares of the semiconductor manufacturer's stock, valued at approximately $241,000.

A number of other large investors also recently bought and sold shares of AVGO. Sawyer & Company Inc lifted its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the last quarter. PFS Partners LLC grew its position in shares of Broadcom by 38.4% during the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after buying an additional 38 shares during the last quarter. Waddell & Associates LLC lifted its holdings in Broadcom by 2.1% in the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after acquiring an additional 43 shares during the last quarter. Luts & Greenleigh Group Inc. lifted its holdings in Broadcom by 1.3% in the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock worth $939,000 after acquiring an additional 44 shares during the last quarter. Finally, Challenger Wealth Management boosted its stake in Broadcom by 1.3% in the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after acquiring an additional 45 shares during the period. Institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on AVGO shares. Deutsche Bank Aktiengesellschaft raised their price target on Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their target price on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Benchmark upped their price target on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Sanford C. Bernstein lifted their price objective on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research report on Friday, September 5th. Finally, Argus upped their target price on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Broadcom currently has an average rating of "Buy" and a consensus target price of $357.22.

Insider Buying and Selling

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Down 0.9%

Broadcom stock opened at $335.49 on Tuesday. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The stock has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.58, a PEG ratio of 1.87 and a beta of 1.20. The company's 50-day moving average price is $319.25 and its two-hundred day moving average price is $259.24. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

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 (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the firm posted $1.24 earnings per share. The business's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

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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