Broadcom Inc. $AVGO Shares Bought by Bank of New Hampshire

Key Points

• Bank of New Hampshire has increased its holdings in Broadcom Inc. by 17.1%, now owning 7,753 shares valued at $2.14 million.
• The company's recent quarterly earnings surpassed expectations, reporting $1.69 earnings per share and $15.95 billion in revenue.
• Broadcom has announced a quarterly dividend of $0.59 per share, representing a 0.7% dividend yield and is set to pay on September 30th.

Bank of New Hampshire increased its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 17.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,753 shares of the semiconductor manufacturer's stock after purchasing an additional 1,134 shares during the period. Bank of New Hampshire's holdings in Broadcom were worth $2,137,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the first quarter valued at about $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC bought a new position in Broadcom in the first quarter worth about $26,000. Sunbeam Capital Management LLC purchased a new position in shares of Broadcom during the 4th quarter worth approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity

In related news, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the completion of the transaction, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 800 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $360.00, for a total transaction of $288,000.00. Following the sale, the director directly owned 22,982 shares of the company's stock, valued at $8,273,520. This represents a 3.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 840,522 shares valued at $236,959,124. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AVGO shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. TD Cowen upped their target price on shares of Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. Finally, Mizuho raised their price objective on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $356.48.

Broadcom Stock Performance

Broadcom stock traded down $0.41 during trading hours on Friday, hitting $344.94. 41,147,297 shares of the stock traded hands, compared to its average volume of 27,762,164. 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 firm's 50 day moving average price is $308.05 and its 200-day moving average price is $247.33. The stock has a market capitalization of $1.63 trillion, a price-to-earnings ratio of 87.99, a P/E/G ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

Broadcom 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.