Ashton Thomas Securities LLC Purchases 874 Shares of Broadcom Inc. $AVGO

Key Points

• Ashton Thomas Securities LLC increased its holdings in Broadcom Inc. by 8.7% during the second quarter, acquiring 874 additional shares, bringing their total ownership to 10,897 shares valued at $3,004,000.
• Insider transactions at Broadcom showed significant sales, including CEO Hock E. Tan selling 100,000 shares for approximately $33.96 million, and Director Henry Samueli selling 368,797 shares for over $124.62 million.
• Broadcom recently declared a quarterly dividend of $0.59 per share, resulting in an annualized yield of 0.7%, with a payout ratio of 60.20%.

Ashton Thomas Securities LLC boosted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,897 shares of the semiconductor manufacturer's stock after acquiring an additional 874 shares during the quarter. Ashton Thomas Securities LLC's holdings in Broadcom were worth $3,004,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sawyer & Company Inc boosted its position in Broadcom by 62.1% in the second 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. acquired a new stake in Broadcom in the second quarter valued at approximately $28,000. Maseco LLP acquired a new stake in Broadcom in the second quarter valued at approximately $34,000. PFS Partners LLC boosted its position in Broadcom by 38.4% in the second 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 acquired a new stake in Broadcom in the first quarter valued at approximately $25,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 100,000 shares of Broadcom stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares of the company's stock, valued at approximately $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by company insiders.

Broadcom Price Performance

AVGO stock opened at $336.41 on Wednesday. The firm has a market cap of $1.59 trillion, a price-to-earnings ratio of 85.82, a PEG ratio of 1.86 and a beta of 1.20. 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 12-month low of $138.10 and a 12-month high of $374.23. The company's fifty day simple moving average is $320.03 and its 200 day simple moving average is $259.78.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results 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. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's payout ratio is 60.20%.

Analysts Set New Price Targets

A number of analysts have weighed in on AVGO shares. 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 report on Thursday, September 4th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Sanford C. Bernstein lifted their price target on shares of Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Finally, Argus lifted their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $357.22.

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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