Aire Advisors LLC Makes New Investment in Broadcom Inc. $AVGO

Aire Advisors LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 987 shares of the semiconductor manufacturer's stock, valued at approximately $272,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sawyer & Company Inc lifted its position in shares of Broadcom by 62.1% during the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 36 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $28,000. Maseco LLP purchased a new position in shares of Broadcom during the 2nd quarter valued at approximately $34,000. PFS Partners LLC lifted 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 in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter valued at approximately $25,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 0.7%

Shares of AVGO stock opened at $340.30 on Thursday. The stock's fifty day moving average is $329.86 and its two-hundred day moving average is $272.43. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market capitalization of $1.61 trillion, a P/E ratio of 86.81, a PEG ratio of 1.93 and a beta of 1.20. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

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

Broadcom Dividend Announcement

The business 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 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 60.20%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Evercore ISI increased their target price on Broadcom from $342.00 to $403.00 and gave the company an "outperform" rating in a research report on Wednesday, October 15th. TD Cowen increased their target price on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. The Goldman Sachs Group restated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Benchmark raised their price objective on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Finally, Macquarie began coverage on Broadcom in a report on Monday, September 15th. They issued an "outperform" rating and a $420.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $372.52.

Insiders Place Their Bets

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction 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 sale, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $350.15, for a total value of $280,120.00. Following the completion of the sale, the director directly owned 22,182 shares of the company's stock, valued at $7,767,027.30. This trade represents a 3.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Insiders own 2.00% of the company's stock.

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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