Broadcom Inc. $AVGO Shares Purchased by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw Inc. increased its stake in Broadcom Inc. by 18.2%, now holding 49,133 shares valued at approximately $13.5 million.
• Broadcom reported quarterly earnings of $1.69 per share, exceeding analysts' expectations, with a revenue of $15.95 billion, a 22% increase year-over-year.
• The company also declared a quarterly dividend of $0.59 per share, representing an annualized yield of 0.7%, and with a payout ratio of 60.20%.

Neville Rodie & Shaw Inc. boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,133 shares of the semiconductor manufacturer's stock after purchasing an additional 7,550 shares during the quarter. Broadcom comprises about 1.0% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 28th largest position. Neville Rodie & Shaw Inc.'s holdings in Broadcom were worth $13,543,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom in the first quarter valued at $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the first quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new position in shares of Broadcom during the first quarter valued at approximately $26,000. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the fourth quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Broadcom during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Arete Research upgraded Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Benchmark lifted their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a report on Friday, September 5th. Morgan Stanley lifted their price objective on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Finally, Evercore ISI reiterated an "outperform" rating and set a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $356.48.

Broadcom Stock Up 1.2%

Shares of AVGO traded up $4.22 during midday trading on Monday, hitting $364.09. 21,285,107 shares of the company's stock traded hands, compared to its average volume of 26,303,977. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The firm's fifty day moving average is $300.31 and its 200-day moving average is $242.50. 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 stock has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 92.88, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. Broadcom's dividend payout ratio (DPR) is 60.20%.

Insider Buying and Selling

In related news, Director Gayla J. Delly sold 3,000 shares of Broadcom stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares in the company, valued at $8,842,615.76. This trade represents a 8.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the sale, the director owned 23,782 shares of the company's stock, valued at $7,312,013.72. This trade represents a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 850,112 shares worth $234,654,209. Company insiders own 2.00% of the company's stock.

About Broadcom

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.