Broadcom Inc. $AVGO is Valley Brook Capital Group Inc.'s 6th Largest Position

Key Points

• Valley Brook Capital Group Inc. has decreased its holdings in Broadcom by 5.1% in Q2, now holding 16,191 shares worth approximately $4.46 million, which makes Broadcom its 6th largest position.
• Several hedge funds recently increased their stakes in Broadcom, with Brighton Jones LLC boosting its holdings by 21.8%, now owning 29,683 shares valued at about $6.88 million.
• Broadcom's stock has received multiple upgrades from analysts, with HSBC raising it from "hold" to "strong-buy" and a consensus buy rating from analysts alongside an average price target of $372.33.

Valley Brook Capital Group Inc. decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,191 shares of the semiconductor manufacturer's stock after selling 875 shares during the quarter. Broadcom makes up approximately 3.3% of Valley Brook Capital Group Inc.'s holdings, making the stock its 6th largest holding. Valley Brook Capital Group Inc.'s holdings in Broadcom were worth $4,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AVGO. Brighton Jones LLC grew its holdings in Broadcom by 21.8% in the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares during the period. Revolve Wealth Partners LLC grew its holdings in Broadcom by 10.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after buying an additional 756 shares during the period. GAMMA Investing LLC grew its holdings in Broadcom by 9.2% in the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer's stock valued at $17,276,000 after buying an additional 8,672 shares during the period. Advisor Resource Council purchased a new stake in Broadcom in the 1st quarter valued at about $3,480,000. Finally, Rockline Wealth Management LLC grew its holdings in Broadcom by 69.1% in the 1st quarter. Rockline Wealth Management LLC now owns 43,809 shares of the semiconductor manufacturer's stock valued at $7,335,000 after buying an additional 17,904 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on AVGO shares. Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Mizuho set a $430.00 price objective on Broadcom in a research note on Monday, October 13th. Weiss Ratings lowered Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Argus lifted their price objective on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Finally, Oppenheimer reaffirmed 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. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $372.33.

Broadcom Stock Performance

Broadcom stock opened at $349.33 on Friday. The stock's 50 day moving average price is $327.73 and its 200 day moving average price is $269.24. The firm has a market capitalization of $1.65 trillion, a PE ratio of 89.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS 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 analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently announced 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 was Monday, September 22nd. Broadcom's dividend payout ratio is 60.20%.

Insider Activity at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.