Boston Trust Walden Corp Has $7.12 Million Position in Broadcom Inc. $AVGO

Key Points

• Boston Trust Walden Corp increased its stake in Broadcom Inc. by 6.9%, bringing its total investment in the semiconductor manufacturer to approximately $7.12 million.
• Insider trading at Broadcom shows significant selling activity, with Director Justine Page and insider Charlie B. Kawwas selling a combined total of 4,693 shares recently.
• Analyst ratings for Broadcom Inc. are predominantly positive, with three analysts giving a Strong Buy rating and an average target price of $372.33.

Boston Trust Walden Corp grew its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 25,832 shares of the semiconductor manufacturer's stock after buying an additional 1,672 shares during the period. Boston Trust Walden Corp's holdings in Broadcom were worth $7,121,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sawyer & Company Inc raised its position in shares of Broadcom by 62.1% during 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 during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom in the second quarter valued at about $28,000. Maseco LLP bought a new stake in Broadcom in the second quarter valued at about $34,000. PFS Partners LLC increased its stake 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 acquiring an additional 38 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the first quarter valued at about $25,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Buying and Selling at Broadcom

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

Broadcom Price Performance

Shares of Broadcom stock opened at $349.24 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.65 trillion, a price-to-earnings ratio of 89.09, a P/E/G ratio of 1.97 and a beta of 1.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The firm's 50-day moving average price is $328.64 and its two-hundred day moving average price is $271.47.

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

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio is 60.20%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Arete Research raised shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Argus upped their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Mizuho set a $430.00 target price on shares of Broadcom in a research note on Monday, October 13th. KeyCorp set a $460.00 target price on shares of Broadcom in a research note on Monday, October 13th. Finally, Truist Financial upped their target price 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $372.33.

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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