CX Institutional Purchases 4,829 Shares of Broadcom Inc. $AVGO

Key Points

• CX Institutional increased its stake in Broadcom Inc. (NASDAQ:AVGO) by 5.1%, acquiring an additional 4,829 shares during the second quarter, bringing its total ownership to 100,410 shares.
• Broadcom reported a quarterly EPS of $1.69, exceeding expectations, with a revenue of $15.95 billion, a 22% year-over-year increase.
• The company has announced a quarterly dividend of $0.59 per share, with a 0.7% yield, set to be paid on September 30th.

CX Institutional boosted its position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,410 shares of the semiconductor manufacturer's stock after purchasing an additional 4,829 shares during the period. Broadcom comprises 1.0% of CX Institutional's holdings, making the stock its 26th largest position. CX Institutional's holdings in Broadcom were worth $27,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Sawyer & Company Inc grew its holdings in shares of Broadcom by 62.1% in the 2nd 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. Maseco LLP bought a new position in shares of Broadcom in the 2nd quarter valued at about $34,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at about $25,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter valued at about $26,000. Institutional investors own 76.43% of the company's stock.

Broadcom Trading Down 0.5%

Shares of NASDAQ:AVGO opened at $334.53 on Monday. The company has a 50-day simple moving average of $313.66 and a 200 day simple moving average of $253.32. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The company has a market capitalization of $1.58 trillion, a P/E ratio of 85.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.16. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23.

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

Broadcom Announces Dividend

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

Insider Activity

In other Broadcom news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of Broadcom stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the completion of the sale, the chief financial officer owned 313,330 shares of the company's stock, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Susquehanna raised their price objective on Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a report on Friday, June 6th. KeyCorp raised their price objective on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. JPMorgan Chase & Co. raised their price objective on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Mizuho raised their price objective on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, Argus raised their target price on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $356.48.

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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