Clare Market Investments LLC Has $4.65 Million Stake in Broadcom Inc. $AVGO

Key Points

• Clare Market Investments LLC raised its stake in Broadcom Inc. by 9.7% during the second quarter, now holding a value of approximately $4.65 million in the company, positioning Broadcom as its 20th largest investment.
• Broadcom recently reported $1.69 earnings per share (EPS) for the quarter, exceeding expectations, with revenue also up 22% year-over-year, totaling $15.95 billion.
• The company declared a quarterly dividend of $0.59, with an ex-dividend date set for September 22nd, representing an annual yield of 0.7% and a payout ratio of 60.20%.

Clare Market Investments LLC raised its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 9.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,870 shares of the semiconductor manufacturer's stock after purchasing an additional 1,497 shares during the period. Broadcom accounts for approximately 1.0% of Clare Market Investments LLC's portfolio, making the stock its 20th largest position. Clare Market Investments LLC's holdings in Broadcom were worth $4,650,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. PARUS FINANCE UK Ltd increased its stake in shares of Broadcom by 175.3% in the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock valued at $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Broadcom by 27.9% during the 1st 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 in the last quarter. Keener Financial Planning LLC increased its stake in Broadcom by 34.8% during the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after purchasing an additional 230 shares in the last quarter. Diversify Wealth Management LLC increased its stake in Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after purchasing an additional 2,016 shares in the last quarter. Finally, Acorns Advisers LLC increased its stake in Broadcom by 24.3% during the 1st quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock valued at $701,000 after purchasing an additional 818 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ:AVGO opened at $344.94 on Friday. 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 business has a fifty day moving average price of $308.05 and a 200-day moving average price of $247.72. The company has a market capitalization of $1.63 trillion, a PE ratio of 87.99, a PEG ratio of 1.91 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results 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. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The business had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same period last year, the firm posted $1.24 earnings per share. The business's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given 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 payout ratio is currently 60.20%.

Analysts Set New Price Targets

A number of analysts have commented on AVGO shares. KeyCorp boosted their price target on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Macquarie began coverage on shares of Broadcom in a research note on Monday, September 15th. They issued an "outperform" rating and a $420.00 target price for the company. UBS Group upped their target price on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. Arete Research upgraded shares of Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Finally, Morgan Stanley upped their target price on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Broadcom presently has an average rating of "Buy" and an average target price of $356.48.

Insider Buying and Selling

In related news, CFO Kirsten M. Spears sold 7,498 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total value 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 840,522 shares valued at $236,959,124. Company insiders own 2.00% of the company's stock.

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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