Broadcom Inc. $AVGO Shares Purchased by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC increased its stake in Broadcom Inc. by 4.8%, now holding 133,009 shares valued at approximately $36.66 million.
• Broadcom recently reported a Q3 revenue of $15.95 billion, exceeding analyst estimates and achieving a year-over-year revenue growth of 22%.
• The company announced a quarterly dividend of $0.59 per share, reflecting an annualized yield of 0.7% and a payout ratio of 60.20%.

Diversify Advisory Services LLC grew its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,009 shares of the semiconductor manufacturer's stock after acquiring an additional 6,099 shares during the quarter. Broadcom comprises approximately 1.4% of Diversify Advisory Services LLC's portfolio, making the stock its 12th biggest position. Diversify Advisory Services LLC's holdings in Broadcom were worth $36,664,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC purchased a new position in Broadcom in the first quarter worth $25,000. Cheviot Value Management LLC purchased a new position in Broadcom in the first quarter worth $25,000. Inlight Wealth Management LLC purchased a new position in Broadcom in the first quarter worth $26,000. Sawyer & Company Inc raised its position in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC purchased a new position in Broadcom in the second quarter worth $27,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Up 0.3%

Shares of AVGO stock opened at $336.41 on Wednesday. The firm has a market cap of $1.59 trillion, a P/E ratio of 85.82, a PEG ratio of 1.86 and a beta of 1.20. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The firm's 50-day simple moving average is $320.03 and its 200-day simple moving average is $259.78.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The company's revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

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

Insider Buying and Selling at Broadcom

In related news, CEO Hock E. Tan sold 100,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the sale, the chief executive officer directly owned 725,638 shares in the company, valued at approximately $246,412,152.04. This trade represents a 12.11% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were 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 approximately $8,798,106.90. The trade was a 13.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Bank of America increased their price objective on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Benchmark raised their price target on Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. raised their price target on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Mizuho raised their price target on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Finally, Truist Financial raised their price target on Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Broadcom has a consensus rating of "Buy" and a consensus price target of $357.22.

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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