Broadcom Inc. $AVGO Shares Purchased by GAMMA Investing LLC

Key Points

• GAMMA Investing LLC increased its holdings in Broadcom Inc. by 11.5% in Q2, acquiring 11,823 additional shares, which now comprise 2.0% of its investment portfolio.
• Broadcom reported $1.69 earnings per share for its latest quarter, exceeding analysts' expectations of $1.66, with revenue also surpassing forecasts at $15.95 billion.
• The company recently announced a quarterly dividend of $0.59, with a yield of 0.7%, to be paid to shareholders on September 30th.

GAMMA Investing LLC boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,007 shares of the semiconductor manufacturer's stock after purchasing an additional 11,823 shares during the period. Broadcom makes up 2.0% of GAMMA Investing LLC's holdings, making the stock its 6th biggest holding. GAMMA Investing LLC's holdings in Broadcom were worth $31,702,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC purchased a new stake in Broadcom in the first quarter valued at $26,000. Sawyer & Company Inc lifted its stake in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Finally, Vermillion Wealth Management Inc. purchased a new position in shares of Broadcom during the 4th quarter worth $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

AVGO stock opened at $338.94 on Wednesday. The business has a 50 day moving average price of $310.48 and a 200 day moving average price of $249.83. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.60 trillion, a price-to-earnings ratio of 86.46, a PEG ratio of 1.87 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts anticipate 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 will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio is currently 60.20%.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research analyst reports. Piper Sandler boosted their price objective on shares of Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Redburn Atlantic assumed coverage on shares of Broadcom in a research report on Wednesday, May 28th. They set a "buy" rating and a $301.00 price objective for the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. Finally, Sanford C. Bernstein raised their price target on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and an average price target of $356.48.

Insider Activity at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hock E. Tan sold 148,154 shares of the business's stock in a transaction dated 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 directly owned 825,998 shares of the company's stock, valued at $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. In the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 240,274 shares valued at $78,571,804. 2.00% of the stock is owned by company insiders.

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.

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