Courier Capital LLC Purchases 990 Shares of Broadcom Inc. $AVGO

Key Points

• Courier Capital LLC increased its holdings in Broadcom Inc. by 18.0%, acquiring 990 additional shares, bringing their total to 6,486 shares worth approximately $1.79 million.
• Insider sales were reported by key executives, including Mark David Brazeal who sold 16,558 shares for about $5.76 million, reflecting a 4.79% decrease in his ownership position.
• Analysts have raised their price targets for Broadcom, with several firms now projecting prices between $365.00 and $460.00, indicating a positive outlook for the stock.

Courier Capital LLC grew its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 18.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,486 shares of the semiconductor manufacturer's stock after acquiring an additional 990 shares during the quarter. Courier Capital LLC's holdings in Broadcom were worth $1,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Broadcom during the first quarter valued at approximately $25,000. Cheviot Value Management LLC bought a new stake in shares of Broadcom during the first quarter valued at approximately $25,000. Inlight Wealth Management LLC bought a new stake in shares of Broadcom during the first quarter valued at approximately $26,000. Sawyer & Company Inc increased its holdings in shares of Broadcom by 62.1% during the second 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. bought a new stake in shares of Broadcom during the second quarter valued at approximately $28,000. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In other news, insider Mark David Brazeal sold 16,558 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was 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 of the company's stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the company'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 transaction, the chief financial officer directly owned 313,330 shares in the company, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 665,271 shares valued at $225,464,248. Company insiders own 2.00% of the company's stock.

Broadcom Stock Down 0.0%

AVGO stock opened at $349.24 on Tuesday. The stock's fifty day simple moving average is $328.64 and its two-hundred day simple moving average is $271.47. 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 Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The stock has a market cap of $1.65 trillion, a P/E ratio of 89.09, a P/E/G ratio of 1.97 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 quarter in the previous year, the firm earned $1.24 earnings per share. The business's revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upped their price target on Broadcom from $325.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Truist Financial upped their price target on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Bank of America upped their price target on Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Oppenheimer reiterated an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Finally, KeyCorp set a $460.00 price target on Broadcom in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $372.33.

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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