Broadcom Inc. $AVGO Shares Acquired by Acorns Advisers LLC

Key Points

• Acorns Advisers LLC increased its stake in Broadcom Inc. by 24.3% during the first quarter, holding 4,184 shares valued at approximately $701,000.
• Several analysts have upgraded Broadcom’s stock ratings and price targets, with Bank of America setting a target as high as $400.00 and maintaining a "buy" rating.
• Broadcom announced a quarterly dividend of $0.59 per share, reflecting an annualized yield of 0.7%, with the ex-dividend date set for September 22nd.

Acorns Advisers LLC grew its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,184 shares of the semiconductor manufacturer's stock after purchasing an additional 818 shares during the period. Acorns Advisers LLC's holdings in Broadcom were worth $701,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $25,000. Inlight Wealth Management LLC acquired a new position in shares of Broadcom in the 1st quarter valued at $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom in the 4th quarter valued at $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a report on Friday, September 5th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Bank of America boosted their price objective on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a report on Friday, September 5th. The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Finally, Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Broadcom currently has a consensus rating of "Buy" and an average price target of $351.92.

Insider Activity at Broadcom

In other news, Director Justine Page sold 800 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total value of $245,968.00. Following the completion of the sale, the director directly owned 23,782 shares of the company's stock, valued at $7,312,013.72. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hock E. Tan sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total value of $10,731,600.00. Following the completion of the transaction, the chief executive officer directly owned 482,836 shares of the company's stock, valued at $129,540,070.44. The trade was a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 820,516 shares of company stock worth $214,757,657 in the last ninety days. Company insiders own 2.00% of the company's stock.

Broadcom Trading Down 2.6%

AVGO opened at $336.67 on Wednesday. Broadcom Inc. has a one year low of $138.10 and a one year high of $356.34. The company has a market cap of $1.58 trillion, a P/E ratio of 85.89, a PEG ratio of 1.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business's 50-day simple moving average is $294.92 and its 200-day simple moving average is $238.95.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating 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 business had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The business's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 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.

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