Broadcom Inc. $AVGO Shares Acquired by Retireful LLC

Key Points

• Retireful LLC increased its stake in Broadcom Inc. by 49.2% in the second quarter, owning a total of 7,907 shares valued at $2.18 million, making it the company's 14th largest position.
• In the most recent earnings report, Broadcom delivered an EPS of $1.69, surpassing estimates and showing a 22.0% year-over-year revenue growth at $15.95 billion.
• Broadcom announced a quarterly dividend of $0.59 per share, reflecting an annualized payout of $2.36 and yielding 0.7%, with a payout ratio of 60.20%.

Retireful LLC grew its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 49.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,907 shares of the semiconductor manufacturer's stock after acquiring an additional 2,609 shares during the period. Broadcom comprises approximately 1.5% of Retireful LLC's investment portfolio, making the stock its 14th biggest position. Retireful LLC's holdings in Broadcom were worth $2,180,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. PARUS FINANCE UK Ltd grew its stake in Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Broadcom by 27.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after acquiring an additional 13,978 shares in the last quarter. Keener Financial Planning LLC grew its stake in Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after acquiring an additional 230 shares in the last quarter. Diversify Wealth Management LLC grew its stake in Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after acquiring an additional 2,016 shares in the last quarter. Finally, Acorns Advisers LLC grew its stake in Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock valued at $701,000 after acquiring an additional 818 shares in the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Stock Performance

NASDAQ:AVGO opened at $334.53 on Friday. The stock has a market capitalization of $1.58 trillion, a P/E ratio of 85.34, a PEG ratio of 1.86 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. 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 company has a 50 day moving average price of $313.66 and a 200 day moving average price of $252.49.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its 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. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Insiders Place Their Bets

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This trade represents a 4.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares in the company, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on AVGO shares. Cowen reaffirmed a "buy" rating on shares of Broadcom in a research note on Friday, June 6th. Morgan Stanley increased their price target on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Piper Sandler increased their price target on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Sanford C. Bernstein increased their price target on shares of Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Finally, Erste Group Bank raised 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 issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $356.48.

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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