Cornell Pochily Investment Advisors Inc. Acquires 751 Shares of Broadcom Inc. $AVGO

Key Points

• Cornell Pochily Investment Advisors Inc. increased its holdings in Broadcom Inc. by 37.4% in Q2, acquiring an additional 751 shares to reach a total of 2,758 shares worth $760,000.
• Several institutional investors made significant increases to their stakes in Broadcom, with PARUS FINANCE UK Ltd increasing its investment by 175.3% to hold 100,578 shares valued at $16.84 million.
• Broadcom's recent quarterly earnings surpassed expectations, reporting $1.69 EPS and $15.95 billion in revenue, contributing to a strong consensus "Buy" rating from analysts, with an average target price of $357.22.

Cornell Pochily Investment Advisors Inc. grew its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 37.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,758 shares of the semiconductor manufacturer's stock after buying an additional 751 shares during the quarter. Cornell Pochily Investment Advisors Inc.'s holdings in Broadcom were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PARUS FINANCE UK Ltd lifted 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 purchasing an additional 64,038 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings 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 buying an additional 13,978 shares during the period. Asio Capital LLC lifted its position in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock worth $15,012,000 after buying an additional 1,089 shares during the last quarter. Keener Financial Planning LLC boosted its stake in Broadcom by 34.8% during the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after buying an additional 230 shares during the period. Finally, Diversify Wealth Management LLC increased its position in Broadcom by 5.6% during the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock valued at $6,365,000 after acquiring an additional 2,016 shares during the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of several analyst reports. Bank of America raised their target price on shares of Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Rosenblatt Securities raised their price objective on shares of Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. KeyCorp restated an "overweight" rating and set a $420.00 target price (up previously from $400.00) on shares of Broadcom in a research report on Tuesday, September 30th. Sanford C. Bernstein upped their target price on Broadcom from $295.00 to $400.00 and gave the company an "outperform" rating in a research note on Friday, September 5th. Finally, Mizuho raised their price target on Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $357.22.

Broadcom Trading Down 0.9%

Shares of NASDAQ AVGO opened at $335.49 on Tuesday. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The firm has a market cap of $1.58 trillion, a PE ratio of 85.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. The business has a fifty day simple moving average of $319.25 and a two-hundred day simple moving average of $259.24. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) 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 return on equity of 36.60% and a net margin of 31.59%.The business's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Insiders Place Their Bets

In related news, Director Henry Samueli sold 368,797 shares of Broadcom stock in a transaction that occurred on 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 transaction, the director directly owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 3,893 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the sale, the insider owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This represents a 13.34% 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 worth $1,227,869 and have sold 666,071 shares worth $225,623,008. 2.00% of the stock is owned by company insiders.

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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