Broadcom Inc. $AVGO Shares Bought by Hill Island Financial LLC

Key Points

• Hill Island Financial LLC increased its holdings in Broadcom Inc. by 47.7% during the 2nd quarter, bringing their total to 3,840 shares valued at approximately $1,058,000.
• Broadcom reported an EPS of $1.69 for the quarter, exceeding analysts’ estimates, alongside a revenue of $15.95 billion, marking a 22.0% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, with a current annualized dividend yield of 0.7% and a dividend payout ratio of 60.20%.

Hill Island Financial LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 47.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,840 shares of the semiconductor manufacturer's stock after purchasing an additional 1,241 shares during the period. Broadcom makes up about 0.3% of Hill Island Financial LLC's holdings, making the stock its 29th biggest position. Hill Island Financial LLC's holdings in Broadcom were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the 1st quarter worth approximately $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom in the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the 1st quarter worth approximately $26,000. Sawyer & Company Inc grew its holdings in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares during the period. Finally, Legend Financial Advisors Inc. acquired a new stake in shares of Broadcom in the 2nd quarter worth approximately $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $345.02 on Friday. The business's fifty day moving average price is $321.92 and its two-hundred day moving average price is $261.43. The stock has a market cap of $1.63 trillion, a PE ratio of 88.02, a price-to-earnings-growth ratio of 1.91 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 announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 36.60% and a net margin of 31.59%.Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently weighed in on AVGO. Truist Financial upped their price target on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft upped their price target on Broadcom from $300.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Evercore ISI restated an "outperform" rating and issued a $342.00 price target (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Bank of America upped their price target on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Sanford C. Bernstein upped their price target on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $357.22.

Insider Buying and Selling at Broadcom

In other news, Director Henry Samueli sold 368,797 shares of the firm's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the sale, the director owned 37,722,534 shares in the company, valued at $12,746,821,463.94. This trade represents a 0.97% 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 firm's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares in the company, valued at $8,798,106.90. This trade represents a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Company insiders own 2.00% of the company's stock.

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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