Threadgill Financial LLC Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Threadgill Financial LLC acquired 971 shares of Broadcom Inc. valued at approximately $268,000, as reported in their latest SEC filing.
• Broadcom's CEO, Hock E. Tan, recently sold 148,154 shares of the company, resulting in a 15.21% drop in his ownership stake.
• Analysts' price targets for Broadcom's shares have increased significantly, with HSBC raising its rating from "hold" to "buy" and setting a price target of $400.

Threadgill Financial LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 971 shares of the semiconductor manufacturer's stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sawyer & Company Inc increased its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Sunbeam Capital Management LLC bought a new position in Broadcom during the fourth quarter valued at $28,000. Vermillion Wealth Management Inc. bought a new position in Broadcom during the fourth quarter valued at $30,000. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the first quarter valued at $25,000. Finally, Cheviot Value Management LLC bought a new position in Broadcom during the first quarter valued at $25,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AVGO has been the subject of several research reports. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Hsbc Global Res raised Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Evercore ISI reaffirmed an "outperform" rating and issued a $342.00 price target (up from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Mizuho raised their price target on Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, Cowen reaffirmed a "buy" rating on shares of Broadcom in a report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Broadcom has a consensus rating of "Buy" and a consensus target price of $356.48.

Insider Buying and Selling at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock worth $1,227,869 and sold 840,522 shares worth $236,959,124. Insiders own 2.00% of the company's stock.

Broadcom Trading Down 0.1%

Shares of AVGO traded down $0.41 during trading hours on Friday, hitting $344.94. The company had a trading volume of 41,147,297 shares, compared to its average volume of 27,762,164. The firm has a market cap of $1.63 trillion, a P/E ratio of 87.99, a P/E/G ratio of 1.91 and a beta of 1.16. The stock's 50 day moving average price is $308.05 and its 200 day moving average price is $247.33. 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 Inc. has a 52-week low of $138.10 and a 52-week high of $374.23.

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

Broadcom Dividend Announcement

The firm also recently declared 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. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is 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.