GFS Advisors LLC bought a new position in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,057 shares of the semiconductor manufacturer's stock, valued at approximately $567,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sawyer & Company Inc grew its stake in 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 buying an additional 36 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Broadcom during the second quarter valued at about $28,000. Maseco LLP bought a new stake in Broadcom during the second quarter valued at about $34,000. PFS Partners LLC boosted its holdings in Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock valued at $38,000 after acquiring an additional 38 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the 1st quarter worth about $25,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on AVGO. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the stock a "buy" rating in a research report on Tuesday. TD Cowen raised their price objective 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. Bank of America raised their price objective on shares of Broadcom from $300.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, September 5th. Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Finally, Evercore ISI increased their price target on shares of Broadcom from $342.00 to $403.00 and gave the company an "outperform" rating in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $372.33.
Get Our Latest Research Report on Broadcom
Insider Buying and Selling at Broadcom
In other Broadcom news, CEO Hock E. Tan sold 148,154 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total transaction of $49,879,007.18. Following the completion of the transaction, the chief executive officer directly owned 825,998 shares in the company, valued at $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was 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 directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. The trade was a 2.34% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 665,271 shares worth $225,464,248. Corporate insiders own 2.00% of the company's stock.
Broadcom Stock Down 1.4%
Shares of AVGO stock opened at $349.33 on Friday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The stock has a market cap of $1.65 trillion, a P/E ratio of 89.11, a price-to-earnings-growth ratio of 1.99 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. The stock has a fifty day moving average price of $327.73 and a 200 day moving average price of $268.57.
Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The business's revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. 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 was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued 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 of this dividend was Monday, September 22nd. Broadcom's payout ratio is presently 60.20%.
Broadcom Profile
(
Free Report)
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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