Broadcom Inc. $AVGO Shares Bought by Horst & Graben Wealth Management LLC

Key Points

• Horst & Graben Wealth Management LLC increased its holdings in Broadcom Inc. by 20.3% during the second quarter, owning 5,861 shares valued at $1,616,000.
• Broadcom's recent quarterly earnings report showed an EPS of $1.69, outperforming analyst expectations and a 22.0% increase in revenue year-over-year.
• Analysts have set a consensus price target of $372.52 for Broadcom, with ratings ranging from Buy to Strong Buy.

Horst & Graben Wealth Management LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 20.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 5,861 shares of the semiconductor manufacturer's stock after acquiring an additional 988 shares during the quarter. Horst & Graben Wealth Management LLC's holdings in Broadcom were worth $1,616,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Broadcom in the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Broadcom by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after buying an additional 17,985,046 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Broadcom by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock valued at $5,333,384,000 after buying an additional 4,550,647 shares during the period. Deutsche Bank AG lifted its holdings in shares of Broadcom by 36.9% in the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after buying an additional 4,245,345 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Broadcom by 16.0% in the first quarter. Alliancebernstein L.P. now owns 29,513,814 shares of the semiconductor manufacturer's stock valued at $4,941,498,000 after buying an additional 4,077,910 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Down 0.7%

Shares of NASDAQ AVGO opened at $340.30 on Thursday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The firm has a market capitalization of $1.61 trillion, a PE ratio of 86.81, a PEG ratio of 1.93 and a beta of 1.20. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average price of $329.86 and a two-hundred day moving average price of $272.43.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced 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 net margin of 31.59% and a return on equity of 36.60%. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. During the same period in the previous year, the firm posted $1.24 earnings per share. The firm's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's payout ratio is presently 60.20%.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 368,797 shares of Broadcom 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 completion of the sale, the director owned 37,722,534 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,464,248. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on AVGO shares. Wells Fargo & Company upped their price objective on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a report on Friday, September 5th. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 target price (up from $325.00) on shares of Broadcom in a report on Friday, September 5th. The Goldman Sachs Group reiterated a "buy" rating and issued a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Weiss Ratings cut Broadcom from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft set a $400.00 price target on Broadcom and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $372.52.

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.

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