Everpar Advisors LLC Purchases 833 Shares of Broadcom Inc. $AVGO

Key Points

• Everpar Advisors LLC increased its holdings in Broadcom Inc. by 6.8% during the second quarter, acquiring an additional 833 shares, bringing their total to 13,059 shares valued at approximately $3.6 million.
• Broadcom reported $15.95 billion in revenue for the recent quarter, exceeding estimates, and achieved earnings per share of $1.69, topping predictions by $0.03.
• Broadcom announced a quarterly dividend of $0.59, set to be paid on September 30th, resulting in an annualized dividend of $2.36 and a yield of 0.6%.

Everpar Advisors LLC lifted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,059 shares of the semiconductor manufacturer's stock after acquiring an additional 833 shares during the period. Broadcom makes up approximately 1.6% of Everpar Advisors LLC's portfolio, making the stock its 11th biggest position. Everpar Advisors LLC's holdings in Broadcom were worth $3,600,000 at the end of the most recent quarter.

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

Broadcom Stock Performance

Shares of AVGO opened at $364.09 on Tuesday. 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. Broadcom Inc. has a 52 week low of $138.10 and a 52 week high of $374.23. The stock has a 50 day moving average price of $302.11 and a two-hundred day moving average price of $243.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued a $0.59 dividend. 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 currently 60.20%.

Insider Activity at Broadcom

In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the sale, the chief executive officer directly owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of Broadcom stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the transaction, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. This represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 850,112 shares valued at $234,654,209. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AVGO shares. Susquehanna lifted their price target on shares of Broadcom from $280.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, June 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 target price on shares of Broadcom in a research report on Friday, June 6th. UBS Group upped their price target on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a research note on Monday, August 25th. TD Cowen raised their price objective on Broadcom from $355.00 to $370.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Mizuho upped their target price on Broadcom from $355.00 to $410.00 and gave the stock an "outperform" rating in a research report on Friday. Three investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $356.48.

About Broadcom

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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