CW Advisors LLC Buys 118,760 Shares of Broadcom Inc. $AVGO

Key Points

• CW Advisors LLC increased its stake in Broadcom Inc. by 93.2%, acquiring an additional 118,760 shares to reach a total of 246,174 shares, valued at approximately $41.35 million.
• Equities analysts are optimistic about Broadcom's stock, with price targets rising; Citigroup increased its target from $285 to $315, while HSBC set a target of $400.
• Broadcom recently announced a quarterly dividend of $0.59, representing an annualized yield of 0.8%, with a payout ratio of 88.39%.

CW Advisors LLC raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 93.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,174 shares of the semiconductor manufacturer's stock after purchasing an additional 118,760 shares during the period. CW Advisors LLC's holdings in Broadcom were worth $41,351,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC bought a new stake in Broadcom in the 1st quarter valued at $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom during the 1st quarter worth about $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom during the 1st quarter worth about $26,000. Sunbeam Capital Management LLC bought a new position in shares of Broadcom during the 4th quarter worth about $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Broadcom during the 4th quarter worth about $30,000. 76.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AVGO shares. Citigroup raised their price objective on shares of Broadcom from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Mizuho raised their price objective on shares of Broadcom from $315.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, July 16th. Seaport Res Ptn raised shares of Broadcom to a "strong-buy" rating in a report on Wednesday, April 30th. Evercore ISI reiterated an "outperform" rating and set a $304.00 target price (up previously from $267.00) on shares of Broadcom in a research report on Friday, June 6th. Finally, HSBC upgraded shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price for the company in a research report on Tuesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and an average target price of $295.96.

Broadcom Trading Down 1.3%

AVGO opened at $291.17 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.98 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $1.37 trillion, a PE ratio of 109.05, a PEG ratio of 2.10 and a beta of 1.15. Broadcom Inc. has a 1-year low of $134.90 and a 1-year high of $317.35. The firm has a 50-day moving average price of $281.27 and a two-hundred day moving average price of $231.35.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.01. The firm had revenue of $15 billion during the quarter, compared to analysts' expectations of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the company posted $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is presently 88.39%.

Insider Transactions at Broadcom

In other Broadcom news, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $265.13, for a total value of $795,390.00. Following the completion of the sale, the director owned 33,352 shares in the company, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Justine Page sold 800 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the completion of the transaction, the director directly owned 23,782 shares in the company, valued at $7,312,013.72. This trade represents a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 830,516 shares of company stock worth $217,286,457. Corporate 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.

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