Broadcom Inc. $AVGO Shares Purchased by Advisors Management Group Inc. ADV

Key Points

• Advisors Management Group Inc. increased its stake in Broadcom Inc. by 58.6%, owning a total of 18,323 shares worth over $5 million following the purchase of an additional 6,769 shares.
• Broadcom reported better-than-expected earnings with $1.69 earnings per share for the latest quarter, exceeding estimates by $0.03 and showing a 22% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.59 per share, representing a 0.7% yield and a dividend payout ratio of 60.20%.

Advisors Management Group Inc. ADV raised its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 58.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,323 shares of the semiconductor manufacturer's stock after buying an additional 6,769 shares during the quarter. Advisors Management Group Inc. ADV's holdings in Broadcom were worth $5,051,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Twelve Points Wealth Management LLC acquired a new stake in Broadcom during the 2nd quarter valued at $251,000. Signaturefd LLC grew its holdings in Broadcom by 6.2% during the 2nd quarter. Signaturefd LLC now owns 90,098 shares of the semiconductor manufacturer's stock valued at $24,835,000 after buying an additional 5,253 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Broadcom by 30.5% during the 2nd quarter. ORG Partners LLC now owns 3,919 shares of the semiconductor manufacturer's stock worth $1,049,000 after purchasing an additional 915 shares during the period. Gradient Capital Advisors LLC lifted its stake in shares of Broadcom by 31.0% during the 2nd quarter. Gradient Capital Advisors LLC now owns 12,704 shares of the semiconductor manufacturer's stock worth $3,502,000 after purchasing an additional 3,004 shares during the period. Finally, Rainier Family Wealth Inc. lifted its stake in shares of Broadcom by 2.9% during the 2nd quarter. Rainier Family Wealth Inc. now owns 11,768 shares of the semiconductor manufacturer's stock worth $3,244,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Down 2.0%

Shares of AVGO opened at $327.90 on Tuesday. 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 firm has a market capitalization of $1.55 trillion, a P/E ratio of 83.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. The stock's fifty day simple moving average is $314.46 and its 200 day simple moving average is $254.25. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business's quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

Insider Buying and Selling

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the transaction, the chief executive officer directly owned 825,998 shares of the company's stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the firm'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 directly owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVGO. Truist Financial increased their price target on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Bank of America increased their price target on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. HSBC raised Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target on the stock in a research note on Tuesday, June 24th. JPMorgan Chase & Co. increased their price target on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, TD Cowen increased their price target on Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Three equities research 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 company's stock. According to MarketBeat.com, 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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