First Financial Bank Trust Division Has $10.29 Million Stock Holdings in Broadcom Inc. $AVGO

Key Points

• First Financial Bank Trust Division increased its stake in Broadcom Inc. by 10.0% in Q2, holding approximately $10.29 million worth of stock.
• Insider sales included CFO Kirsten M. Spears selling 56,310 shares for over $14 million, representing a 13.46% decrease in her position.
• Broadcom's most recent earnings report disclosed a net margin of 31.59% and a quarterly revenue increase of 22.0% compared to the previous year.

First Financial Bank Trust Division boosted its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,314 shares of the semiconductor manufacturer's stock after purchasing an additional 3,384 shares during the period. Broadcom accounts for about 0.9% of First Financial Bank Trust Division's investment portfolio, making the stock its 26th biggest holding. First Financial Bank Trust Division's holdings in Broadcom were worth $10,286,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AVGO. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at approximately $25,000. Cheviot Value Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at approximately $25,000. Inlight Wealth Management LLC acquired a new stake in shares of Broadcom in the first quarter valued at approximately $26,000. Sunbeam Capital Management LLC acquired a new stake in shares of Broadcom in the fourth quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in shares of Broadcom in the fourth quarter valued at approximately $30,000. 76.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Broadcom news, CFO Kirsten M. Spears sold 56,310 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $251.75, for a total transaction of $14,176,042.50. Following the transaction, the chief financial officer owned 361,937 shares in the company, valued at $91,117,639.75. This trade represents a 13.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the transaction, the insider owned 415,956 shares in the company, valued at approximately $105,353,335.68. This trade represents a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. Insiders own 2.00% of the company's stock.

Broadcom Price Performance

Shares of NASDAQ AVGO opened at $359.87 on Friday. The firm has a market cap of $1.69 trillion, a P/E ratio of 91.80, a price-to-earnings-growth ratio of 1.99 and a beta of 1.16. 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 Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The business's 50 day moving average is $300.31 and its 200-day moving average is $241.98.

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 analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities research analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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 paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is 60.20%.

Analyst Ratings Changes

AVGO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Argus raised their price objective on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Cowen reaffirmed a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. UBS Group raised their price objective on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a research report on Monday, August 25th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Broadcom from $300.00 to $350.00 and gave the stock 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-eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Broadcom presently has a consensus rating of "Buy" and a consensus target price of $354.04.

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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