Ameriflex Group Inc. Acquires 3,036 Shares of Broadcom Inc. $AVGO

Key Points

• Ameriflex Group Inc. increased its holdings in Broadcom Inc. by 18.5%, owning 19,424 shares after adding 3,036 shares, valued at approximately $3,252,000.
• Institutional investors currently hold 76.43% of Broadcom's shares, indicating strong institutional interest in the company.
• Analysts have given Broadcom an average rating of "Buy" with a target price of $301.79, reflecting positive outlooks from multiple firms.

Ameriflex Group Inc. boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,424 shares of the semiconductor manufacturer's stock after buying an additional 3,036 shares during the period. Broadcom makes up about 1.3% of Ameriflex Group Inc.'s portfolio, making the stock its 9th largest position. Ameriflex Group Inc.'s holdings in Broadcom were worth $3,252,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sunbeam Capital Management LLC bought a new stake in shares of Broadcom in the 4th quarter worth $28,000. Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom in the 4th quarter worth $30,000. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom in the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom in the 1st quarter worth $25,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Broadcom in the 1st quarter worth $26,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Ratings Changes

AVGO has been the subject of several recent analyst reports. Morgan Stanley set a $338.00 target price on shares of Broadcom and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Bank of America raised their price objective on shares of Broadcom from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Cantor Fitzgerald restated an "overweight" rating and set a $300.00 price objective on shares of Broadcom in a report on Friday, June 6th. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Finally, Wall Street Zen downgraded shares of Broadcom from a "buy" rating to a "hold" rating in a report on Monday, August 25th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $301.79.

Broadcom Price Performance

AVGO stock opened at $297.39 on Monday. The firm has a 50 day moving average of $287.74 and a 200-day moving average of $234.66. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 12 month low of $134.90 and a 12 month high of $317.35. The firm has a market capitalization of $1.40 trillion, a P/E ratio of 111.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.01. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company had revenue of $15 billion during the quarter, compared to analyst estimates of $14.98 billion. During the same period last year, the business earned $10.96 earnings per share. Broadcom's revenue was up 20.2% compared to the same quarter last year. Broadcom has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 20th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is 88.39%.

Insider Buying and Selling

In other news, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $251.75, for a total value of $14,176,042.50. Following the completion of the transaction, the chief financial officer directly owned 361,937 shares in the company, valued at approximately $91,117,639.75. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 117,758 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $252.91, for a total transaction of $29,782,175.78. Following the completion of the sale, the chief executive officer directly owned 1,014,152 shares in the company, valued at $256,489,182.32. This represents a 10.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 830,516 shares of company stock valued at $217,286,457 in the last three months. Insiders own 2.00% of the company's stock.

About Broadcom

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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