Crew Capital Management Ltd. Has $2.78 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Crew Capital Management Ltd. increased its holdings in Broadcom Inc. by 23.8%, owning 10,099 shares valued at approximately $2.78 million.
• Several institutional investors, including Sawyer & Company Inc. and Wood Tarver Financial Group LLC, have significantly increased their positions in Broadcom during the second quarter.
• Broadcom's stock recently experienced a positive outlook from analysts, with multiple firms raising their target price to $400, reflecting a consensus rating of "Buy."

Crew Capital Management Ltd. lifted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 23.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,099 shares of the semiconductor manufacturer's stock after acquiring an additional 1,940 shares during the period. Broadcom accounts for 2.0% of Crew Capital Management Ltd.'s portfolio, making the stock its 9th biggest holding. Crew Capital Management Ltd.'s holdings in Broadcom were worth $2,784,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sawyer & Company Inc grew its position in shares of Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the first quarter worth about $25,000. Inlight Wealth Management LLC bought a new position in Broadcom in the 1st quarter valued at about $26,000. Finally, Wood Tarver Financial Group LLC grew its position in Broadcom by 342.5% in the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer's stock valued at $30,000 after buying an additional 137 shares in the last quarter. Institutional investors own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Rosenblatt Securities increased their target price on shares of Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. KeyCorp increased their target price on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Truist Financial increased their target price on shares of Broadcom from $295.00 to $365.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Hsbc Global Res upgraded shares of 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-nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $356.48.

Insider Activity at Broadcom

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the sale, the insider directly owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the company'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 transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This represents a 4.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 3,550 shares of company stock valued at $1,227,869 and sold 197,274 shares valued at $67,044,814. Corporate insiders own 2.00% of the company's stock.

Broadcom Price Performance

AVGO stock opened at $339.31 on Thursday. 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 one year low of $138.10 and a one year high of $374.23. The firm has a market capitalization of $1.60 trillion, a PE ratio of 86.56, a P/E/G ratio of 1.87 and a beta of 1.16. The firm has a 50-day moving average of $311.64 and a two-hundred day moving average of $250.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The business's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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

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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