Broadcom Inc. $AVGO Stock Position Increased by RiverFront Investment Group LLC

Key Points

• RiverFront Investment Group increased its stake in Broadcom by 107.6% in Q2, buying an additional 8,566 shares to hold 16,524 shares worth about $4.56 million.
• Insiders have been net sellers: Mark David Brazeal sold 16,558 shares for roughly $5.76 million, and over the last quarter insiders sold 665,271 shares (vs. 3,550 bought), with insiders owning about 2.0% of the company.
• Broadcom trades with a $1.78 trillion market cap and a PE of 96.42; it reported Q results of $1.69 EPS on $15.95 billion revenue (beating estimates), pays a $0.59 quarterly dividend (0.6% yield), and carries an average analyst rating of Buy with a $374.21 target.

RiverFront Investment Group LLC grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 107.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,524 shares of the semiconductor manufacturer's stock after purchasing an additional 8,566 shares during the period. RiverFront Investment Group LLC's holdings in Broadcom were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Broadcom by 2.4% in the 2nd quarter. Assetmark Inc. now owns 1,703,487 shares of the semiconductor manufacturer's stock worth $469,566,000 after purchasing an additional 39,466 shares during the last quarter. PARUS FINANCE UK Ltd raised its stake in shares of Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after purchasing an additional 64,038 shares in the last quarter. Waterloo Capital L.P. raised its holdings in shares of Broadcom by 7.0% in the second quarter. Waterloo Capital L.P. now owns 48,361 shares of the semiconductor manufacturer's stock valued at $13,331,000 after buying an additional 3,180 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Broadcom by 27.9% during the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after purchasing an additional 13,978 shares during the last quarter. Finally, Ethic Inc. raised its position in Broadcom by 1.6% in the 2nd quarter. Ethic Inc. now owns 329,339 shares of the semiconductor manufacturer's stock worth $88,708,000 after purchasing an additional 5,249 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Insider Transactions at Broadcom

In related news, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares in the company, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Friday, November 14th. The stock was sold at an average price of $331.14, for a total value of $264,912.00. Following the sale, the director owned 21,382 shares in the company, valued at $7,080,435.48. The trade was a 3.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 665,271 shares valued at $225,483,192. 2.00% of the stock is owned by company insiders.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $377.96 on Tuesday. The stock has a market capitalization of $1.78 trillion, a PE ratio of 96.42, a P/E/G ratio of 1.16 and a beta of 1.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $386.48. The business has a fifty day moving average price of $348.43 and a two-hundred day moving average price of $302.46.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued 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 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%.Broadcom's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 22nd were given a $0.59 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.6%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen cut Broadcom from a "buy" rating to a "hold" rating in a report on Sunday. KeyCorp set a $460.00 target price on shares of Broadcom in a report on Monday, October 13th. UBS Group set a $415.00 price objective on Broadcom and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Sanford C. Bernstein increased their target price on Broadcom from $295.00 to $400.00 and gave the stock an "outperform" rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. increased their price objective on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $374.21.

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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