Eaton Financial Holdings Company LLC Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Eaton Financial Holdings Company LLC has made a new investment in Broadcom Inc., acquiring 15,805 shares valued at approximately $4.36 million during the second quarter.
• Broadcom's shares opened at $336.10 and the company reported a quarterly earnings of $1.69 per share, exceeding analysts' expectations and reflecting a 22.0% increase in revenue from the previous year.
• Broadcom has recently declared a quarterly dividend of $0.59, yielding 0.7% annually, with an ex-dividend date set for September 22nd.

Eaton Financial Holdings Company LLC acquired a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,805 shares of the semiconductor manufacturer's stock, valued at approximately $4,357,000. Broadcom accounts for approximately 1.3% of Eaton Financial Holdings Company LLC's investment portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PARUS FINANCE UK Ltd grew its holdings in Broadcom by 175.3% in the first quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after purchasing an additional 64,038 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock worth $10,737,000 after buying an additional 13,978 shares in the last quarter. Keener Financial Planning LLC lifted its stake in shares of Broadcom by 34.8% in the first quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock worth $149,000 after buying an additional 230 shares in the last quarter. Diversify Wealth Management LLC lifted its stake in shares of Broadcom by 5.6% in the first quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after buying an additional 2,016 shares in the last quarter. Finally, Acorns Advisers LLC lifted its stake in shares of Broadcom by 24.3% in the first quarter. Acorns Advisers LLC now owns 4,184 shares of the semiconductor manufacturer's stock worth $701,000 after buying an additional 818 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Broadcom Stock Down 0.9%

Shares of Broadcom stock opened at $336.10 on Friday. The company has a market cap of $1.59 trillion, a price-to-earnings ratio of 85.74, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. The company's 50 day moving average is $312.64 and its 200 day moving average is $251.49. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

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 for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for 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 firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd will be given a $0.59 dividend. 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 presently 60.20%.

Insiders Place Their Bets

In other Broadcom news, Director Harry L. You purchased 2,050 shares of the firm's stock in a transaction on Monday, September 8th. The shares were acquired at an average cost of $344.78 per share, for a total transaction of $706,799.00. Following the completion of the transaction, the director owned 34,102 shares of the company's stock, valued at approximately $11,757,687.56. The trade was a 6.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 297,274 shares valued at $101,002,814. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Broadcom from $355.00 to $370.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Oppenheimer reiterated an "outperform" rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Erste Group Bank upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Piper Sandler upped their target price on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Wells Fargo & Company increased their price objective on shares of Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Broadcom has an average rating of "Buy" and an average price target of $356.48.

Broadcom 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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