Brueske Advisory Services LLC Makes New $207,000 Investment in Broadcom Inc. $AVGO

Key Points

• Brueske Advisory Services LLC has made a new investment of approximately $207,000 in Broadcom Inc., acquiring 752 shares during the second quarter.
• Multiple institutional investors have increased their stakes in Broadcom, with a reported 76.43% of the company's stock held by such entities.
• Wall Street analysts are optimistic about Broadcom, raising their target prices significantly, with some firms assigning a "strong-buy" rating and setting target prices as high as $400.

Brueske Advisory Services LLC acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 752 shares of the semiconductor manufacturer's stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $26,000. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Legend Financial Advisors Inc. acquired a new position in Broadcom during the second quarter worth $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AVGO. JPMorgan Chase & Co. lifted their target price on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Argus lifted their target price on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Bank of America lifted their target price on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Finally, Arete Research upgraded Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $357.22.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $338.37 on Friday. The stock's 50-day moving average is $318.43 and its two-hundred day moving average is $257.77. 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 1-year low of $138.10 and a 1-year high of $374.23. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 86.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.

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 (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.03. The business 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 business's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given 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 of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio is currently 60.20%.

Insider Buying and Selling at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of the company's 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 completion of the transaction, the chief financial officer directly owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by insiders.

Broadcom Company 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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