Curi RMB Capital LLC Boosts Position in Broadcom Inc. $AVGO

Key Points

• Curi RMB Capital LLC increased its investment in Broadcom Inc. by 310.9%, now holding 59,649 shares valued at approximately $9.99 million.
• Broadcom reported a 22% year-over-year revenue increase for the latest quarter, totaling $15.95 billion, with earnings per share (EPS) of $1.69, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.59 per share, indicating a 0.8% yield and a payout ratio of 88.39%.

Curi RMB Capital LLC boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 310.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,649 shares of the semiconductor manufacturer's stock after purchasing an additional 45,133 shares during the quarter. Curi RMB Capital LLC's holdings in Broadcom were worth $9,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Waddell & Associates LLC lifted its holdings in shares of Broadcom by 2.1% during the 1st 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 raised its position in 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 purchasing an additional 48 shares in the last quarter. Wescott Financial Advisory Group LLC lifted its stake in Broadcom by 3.8% during the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after purchasing an additional 48 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Broadcom by 1.3% in the 1st 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 in the last quarter. Finally, Monterey Private Wealth Inc. boosted its holdings in shares of Broadcom by 1.8% in the 1st 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 in the last quarter. 76.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AVGO has been the topic of a number of research reports. Erste Group Bank raised Broadcom from a "hold" rating to a "buy" rating in a report on Thursday, June 5th. Bank of America increased their price target on shares of Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research report on Friday. Benchmark boosted their price objective on shares of Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday. Citigroup upped their price objective on shares of Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a research note on Friday. Finally, Piper Sandler lifted their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $351.00.

Broadcom Trading Up 9.4%

Shares of AVGO stock traded up $28.79 during mid-day trading on Friday, reaching $334.89. The stock had a trading volume of 78,318,626 shares, compared to its average volume of 17,635,120. The firm has a market capitalization of $1.58 trillion, a PE ratio of 85.43, a price-to-earnings-growth ratio of 2.38 and a beta of 1.16. The stock's 50-day moving average price is $292.09 and its two-hundred day moving average price is $237.25. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. Broadcom Inc. has a 52-week low of $134.90 and a 52-week high of $356.34.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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. Broadcom had a net margin of 31.59% and a return on equity of 37.17%. 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 business posted $1.24 earnings per share. Broadcom's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts expect 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 will be paid on Tuesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 0.7%. Broadcom's payout ratio is 88.39%.

Insider Activity at Broadcom

In related news, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the sale, the insider owned 415,956 shares of the company's stock, valued at $105,353,335.68. This trade represents a 10.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charlie B. Kawwas sold 10,000 shares of Broadcom stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $252.88, for a total transaction of $2,528,800.00. Following the completion of the sale, the insider owned 789,784 shares in the company, valued at approximately $199,720,577.92. This trade represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 830,516 shares of company stock valued at $217,286,457 over the last 90 days. Company insiders own 2.00% of the company's stock.

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.