Broadcom Inc. $AVGO Shares Bought by Reyes Financial Architecture Inc.

Reyes Financial Architecture Inc. raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 20.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,064 shares of the semiconductor manufacturer's stock after acquiring an additional 699 shares during the quarter. Broadcom makes up approximately 1.0% of Reyes Financial Architecture Inc.'s investment portfolio, making the stock its 13th largest position. Reyes Financial Architecture Inc.'s holdings in Broadcom were worth $1,120,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AVGO. Brighton Jones LLC lifted its holdings in Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after acquiring an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in Broadcom by 16.4% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 221,199 shares of the semiconductor manufacturer's stock valued at $51,283,000 after acquiring an additional 31,225 shares during the period. Strive Asset Management LLC purchased a new stake in shares of Broadcom in the fourth quarter valued at approximately $229,000. Finally, Tairen Capital Ltd purchased a new stake in shares of Broadcom in the fourth quarter valued at approximately $440,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Stock Up 1.2%

Shares of AVGO opened at $364.09 on Tuesday. 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. The stock has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 92.88, a PEG ratio of 1.99 and a beta of 1.16. The stock has a 50 day moving average price of $302.11 and a 200 day moving average price of $243.65.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion during 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%.The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AVGO shares. Argus boosted their price objective on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. TD Cowen boosted their price objective on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Morgan Stanley boosted their price objective on Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Finally, Citigroup boosted their price objective on Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a research 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 one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $356.48.

Insider Buying and Selling

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the sale, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This represents a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the sale, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. The trade was a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 850,112 shares worth $234,654,209. Corporate 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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