Bouvel Investment Partners LLC Acquires New Stake in Broadcom Inc. $AVGO

Key Points

• Bouvel Investment Partners LLC acquired 35,531 shares of Broadcom Inc. for approximately $9.79 million, making it the 7th largest position in their portfolio.
• Insider sales were significant, with CFO Kirsten M. Spears selling 7,498 shares worth over $2.6 million, reflecting a 2.34% decrease in their position.
• Broadcom's earnings report showed a 22% year-over-year revenue increase of $15.95 billion, exceeding analyst expectations of $15.82 billion.

Bouvel Investment Partners LLC bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,531 shares of the semiconductor manufacturer's stock, valued at approximately $9,794,000. Broadcom comprises about 3.3% of Bouvel Investment Partners LLC's portfolio, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new position in Broadcom in the first quarter worth about $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter valued at approximately $26,000. Sawyer & Company Inc grew its position in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new position in Broadcom during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO traded down $6.15 during mid-day trading on Monday, reaching $338.79. 28,599,739 shares of the stock were exchanged, compared to its average volume of 29,009,098. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The stock has a market capitalization of $1.60 trillion, a P/E ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16. The company has a 50 day simple moving average of $309.32 and a 200-day simple moving average of $249.20. 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 (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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 paid a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio is 60.20%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AVGO shares. Wall Street Zen raised shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, Susquehanna boosted their target price on Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $356.48.

Insider Activity at Broadcom

In related news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were 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 $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company's stock, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 790,522 shares worth $224,295,124. 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.