Enterprise Bank & Trust Co Boosts Stock Holdings in Broadcom Inc. $AVGO

Key Points

• Enterprise Bank & Trust Co increased its holdings in Broadcom Inc. by 16.4% during the second quarter, acquiring an additional 847 shares, bringing its total to 6,012 shares valued at approximately $1.66 million.
• Institutional investors own 76.43% of Broadcom's stock, indicating strong institutional interest in the semiconductor manufacturer.
• Broadcom announced a quarterly dividend of $0.59 per share, with the dividend yield currently at 0.7%, reflecting a payout ratio of 60.20%.

Enterprise Bank & Trust Co lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,012 shares of the semiconductor manufacturer's stock after purchasing an additional 847 shares during the quarter. Enterprise Bank & Trust Co's holdings in Broadcom were worth $1,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Waddell & Associates LLC boosted its stake in shares of Broadcom by 2.1% in the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after buying an additional 43 shares during the period. Challenger Wealth Management increased its holdings in shares of Broadcom by 1.3% in the 1st quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock valued at $587,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC raised its position in shares of Broadcom by 7.2% during the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock worth $165,000 after acquiring an additional 48 shares in the last quarter. Martingale Asset Management L P lifted its stake in Broadcom by 1.3% during the first 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 during the last quarter. Finally, Wescott Financial Advisory Group LLC boosted its holdings in Broadcom by 3.8% in the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock valued at $222,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 76.43% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore ISI restated an "outperform" rating and set a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a research report on Thursday, September 4th. JPMorgan Chase & Co. boosted their price target 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. UBS Group upped their price objective on shares of Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research note on Monday, August 25th. HSBC upgraded shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price objective for the company in a research note on Tuesday, June 24th. Finally, Benchmark upped their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three equities research 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 company's stock. According to MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and a consensus price target of $356.48.

Insider Buying and Selling at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Harry L. You purchased 500 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The shares were purchased at an average cost of $363.38 per share, with a total value of $181,690.00. Following the completion of the acquisition, the director directly owned 35,602 shares of the company's stock, valued at $12,937,054.76. This represents a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 3,550 shares of company stock valued at $1,227,869 and have sold 850,112 shares valued at $234,654,209. 2.00% of the stock is currently owned by corporate insiders.

Broadcom Stock Performance

Shares of AVGO traded up $4.22 during mid-day trading on Monday, hitting $364.09. 21,285,107 shares of the company's stock were exchanged, compared to its average volume of 26,303,977. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The firm has a market capitalization of $1.72 trillion, a P/E ratio of 92.88, a P/E/G ratio of 1.99 and a beta of 1.16. The business's 50 day moving average is $300.31 and its two-hundred day moving average is $242.50. 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 (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. The business's quarterly revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

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 is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.6%. Broadcom's dividend payout ratio is 60.20%.

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.