951 Shares in Broadcom Inc. $AVGO Purchased by Northeast Financial Group Inc.

Key Points

• Northeast Financial Group Inc. purchased 951 shares of Broadcom Inc. valued at approximately $262,000, marking a new investment for the firm.
• Broadcom's stock has seen a increase in holdings by several investors, with Sawyer & Company Inc. increasing their stake by 62.1% in the 2nd quarter.
• Broadcom's recent quarterly earnings surpassed expectations with a revenue of $15.95 billion and an EPS of $1.69, demonstrating a year-over-year growth.

Northeast Financial Group Inc. acquired a new position in 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. The firm acquired 951 shares of the semiconductor manufacturer's stock, valued at approximately $262,000.

Other large investors also recently added to or reduced their stakes in the company. Sawyer & Company Inc increased its holdings in 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 acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in Broadcom in the 2nd quarter worth about $28,000. Maseco LLP bought a new position in Broadcom in the 2nd quarter worth about $34,000. PFS Partners LLC boosted its stake in Broadcom by 38.4% in the 2nd quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock worth $38,000 after purchasing an additional 38 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom in the 1st quarter worth about $25,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of Broadcom stock opened at $338.37 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The business's 50 day simple moving average is $318.43 and its two-hundred day simple moving average is $258.24. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 86.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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 business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insiders Place Their Bets

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company's stock, valued at $278,088,746.66. The trade was a 15.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

AVGO has been the subject of several analyst reports. TD Cowen raised their target price on Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Evercore ISI restated an "outperform" rating and issued a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Truist Financial raised their target price on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Rosenblatt Securities raised their target price on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Finally, HSBC upgraded Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price for the company in a research note on Tuesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $357.22.

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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