Cooper Financial Group Has $15.54 Million Stock Position in Broadcom Inc. $AVGO

Key Points

• Cooper Financial Group reduced its stake in Broadcom Inc. by 4.8%, owning 56,371 shares valued at approximately $15.54 million at the end of the quarter.
• Broadcom's stock has received multiple upgrades from analysts, with price targets now reaching $370.00 from TD Cowen and the average price target being $357.22.
• Insiders have sold significant amounts of Broadcom stock recently, with two notable sales totaling over $130 million, leading to a 0.97% decrease in their ownership positions.

Cooper Financial Group lowered its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,371 shares of the semiconductor manufacturer's stock after selling 2,872 shares during the quarter. Broadcom makes up approximately 1.8% of Cooper Financial Group's holdings, making the stock its 12th biggest holding. Cooper Financial Group's holdings in Broadcom were worth $15,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC acquired a new stake in Broadcom in the 1st quarter valued at about $25,000. Inlight Wealth Management LLC acquired a new stake in Broadcom in the 1st quarter valued at about $26,000. Sawyer & Company Inc increased its position in 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 acquiring an additional 36 shares in the last quarter. Finally, Legend Financial Advisors Inc. acquired a new stake in Broadcom in the 2nd quarter valued at about $28,000. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Oppenheimer reiterated an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Morgan Stanley lifted their price target on shares of Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. TD Cowen lifted their price target on shares of Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. UBS Group lifted their price target on shares of Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price target on shares of Broadcom in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $357.22.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider owned 329,302 shares of the company's stock, valued at approximately $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Henry Samueli sold 368,797 shares of the business's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the sale, the director directly owned 37,722,534 shares of the company's stock, valued at approximately $12,746,821,463.94. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. Insiders own 2.00% of the company's stock.

Broadcom Price Performance

Shares of AVGO opened at $338.37 on Friday. The company has a market cap of $1.60 trillion, a price-to-earnings ratio of 86.32, a PEG ratio of 1.87 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's fifty day simple moving average is $318.43 and its 200 day simple moving average is $257.77. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results 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 the consensus estimate 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 period in the previous year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.

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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