Beaumont Financial Advisors LLC Increases Stock Position in Broadcom Inc. $AVGO

Key Points

• Beaumont Financial Advisors LLC increased its stake in Broadcom Inc. by 13.3%, owning 31,718 shares valued at $8,743,000 following the acquisition of 3,722 additional shares.
• Broadcom reported better-than-expected earnings with $1.69 EPS for the quarter, surpassing analysts' estimates of $1.66, and a revenue of $15.95 billion, up 22% year-over-year.
• The company announced a quarterly dividend of $0.59 per share, reflecting a 0.7% yield, scheduled for payment on September 30th.

Beaumont Financial Advisors LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,718 shares of the semiconductor manufacturer's stock after acquiring an additional 3,722 shares during the period. Beaumont Financial Advisors LLC's holdings in Broadcom were worth $8,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sawyer & Company Inc lifted 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 acquiring an additional 36 shares during the last quarter. Legend Financial Advisors Inc. acquired a new position in Broadcom in the second quarter valued at $28,000. Maseco LLP acquired a new position in Broadcom in the second quarter valued at $34,000. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the first quarter valued at $25,000. Finally, Cheviot Value Management LLC acquired a new position in Broadcom in the first quarter valued at $25,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Broadcom Trading Down 0.5%

Shares of Broadcom stock opened at $334.53 on Monday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The company's 50-day simple moving average is $313.66 and its 200-day simple moving average is $253.32. The firm has a market cap of $1.58 trillion, a price-to-earnings ratio of 85.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly 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 net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the business posted $1.24 earnings per share. The business'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 research analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 is presently 60.20%.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, the insider directly owned 25,295 shares in the company, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 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 owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Oppenheimer restated an "outperform" rating and issued a $360.00 price objective (up from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Macquarie assumed coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 price objective on the stock. Truist Financial lifted their price objective on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Susquehanna lifted their price objective on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, June 6th. Finally, Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Broadcom presently has an average rating of "Buy" and a consensus price target of $356.48.

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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