Coordinated Financial Services Inc. CO Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Coordinated Financial Services Inc. has invested approximately $688,000 in Broadcom Inc., acquiring 4,109 shares of the semiconductor manufacturer stock.
• Several institutional investors have significantly increased their stakes in Broadcom, with Nuveen LLC investing over $6.6 billion in the same quarter.
• Analysts have raised their price targets for Broadcom, including Piper Sandler raising it from $315 to $375, indicating a bullish outlook for the stock.

Coordinated Financial Services Inc. CO acquired a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,109 shares of the semiconductor manufacturer's stock, valued at approximately $688,000.

Several other large investors have also bought and sold shares of the business. Waddell & Associates LLC raised its position in shares of Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after acquiring an additional 43 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Broadcom by 7.2% during the fourth quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock valued at $165,000 after buying an additional 48 shares during the last quarter. Wescott Financial Advisory Group LLC boosted its position in shares of Broadcom by 3.8% during the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock valued at $222,000 after buying an additional 48 shares during the last quarter. Martingale Asset Management L P boosted its position in Broadcom by 1.3% in the first quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock worth $649,000 after purchasing an additional 48 shares during the last quarter. Finally, Monterey Private Wealth Inc. boosted its position in Broadcom by 1.8% in the first quarter. Monterey Private Wealth Inc. now owns 2,780 shares of the semiconductor manufacturer's stock worth $465,000 after purchasing an additional 48 shares during the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the transaction, the director directly owned 33,352 shares of the company's stock, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 820,516 shares of company stock worth $214,757,657 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Broadcom Stock Up 9.8%

Shares of AVGO traded up $32.90 on Wednesday, reaching $369.57. The stock had a trading volume of 50,962,070 shares, compared to its average volume of 26,280,023. The firm has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 94.28, a price-to-earnings-growth ratio of 1.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a 50-day simple moving average of $294.92 and a 200-day simple moving average of $238.95. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $372.97.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The company 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 firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 60.20%.

Wall Street Analysts Forecast Growth

AVGO has been the topic of several research reports. Erste Group Bank upgraded Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Bank of America upped their target price on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Redburn Atlantic started coverage on Broadcom in a research note on Wednesday, May 28th. They issued a "buy" rating and a $301.00 target price on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a research report on Wednesday, August 13th. Finally, Hsbc Global Res upgraded Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and a consensus target price of $351.92.

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.