Gradient Investments LLC Buys 38,410 Shares of Broadcom Inc. $AVGO

Key Points

• Gradient Investments LLC increased its stake in Broadcom Inc. by 21.7%, adding 38,410 shares during the second quarter, bringing its total to 215,202 shares valued at approximately $59.3 million.
• A variety of other institutional investors have also adjusted their positions, with E. Ohman J or Asset Management AB making a significant increase of 30.4% by acquiring an additional 114,236 shares.
• Broadcom's recent quarterly earnings report showed EPS of $1.69, exceeding estimates, with revenue increasing by 22% year-over-year to $15.95 billion.

Gradient Investments LLC boosted its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 21.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,202 shares of the semiconductor manufacturer's stock after buying an additional 38,410 shares during the quarter. Broadcom makes up approximately 1.1% of Gradient Investments LLC's investment portfolio, making the stock its 22nd largest position. Gradient Investments LLC's holdings in Broadcom were worth $59,321,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. E. Ohman J or Asset Management AB raised its holdings in Broadcom by 30.4% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 490,596 shares of the semiconductor manufacturer's stock valued at $135,233,000 after buying an additional 114,236 shares during the last quarter. GK Wealth Management LLC bought a new position in Broadcom in the 2nd quarter valued at approximately $380,000. O Connor Financial Group LLC raised its holdings in Broadcom by 11.7% in the 2nd quarter. O Connor Financial Group LLC now owns 1,515 shares of the semiconductor manufacturer's stock valued at $417,000 after buying an additional 159 shares during the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in Broadcom by 17.4% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 19,956 shares of the semiconductor manufacturer's stock valued at $5,501,000 after buying an additional 2,951 shares during the last quarter. Finally, Park Edge Advisors LLC raised its holdings in Broadcom by 46.3% in the 2nd quarter. Park Edge Advisors LLC now owns 10,809 shares of the semiconductor manufacturer's stock valued at $2,980,000 after buying an additional 3,423 shares during the last quarter. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In related news, Director Justine Page sold 800 shares of Broadcom stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total value of $245,968.00. Following the completion of the sale, the director owned 23,782 shares of the company's stock, valued at approximately $7,312,013.72. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harry L. You purchased 500 shares of Broadcom stock in a transaction that occurred on Wednesday, September 10th. The stock was acquired at an average cost of $363.38 per share, with a total value of $181,690.00. Following the transaction, the director owned 35,602 shares in the company, valued at $12,937,054.76. This trade represents a 1.42% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 3,550 shares of company stock worth $1,227,869 and have sold 850,112 shares worth $234,654,209. 2.00% of the stock is owned by company insiders.

Broadcom Stock Performance

Shares of AVGO stock opened at $359.87 on Monday. The company has a market cap of $1.70 trillion, a price-to-earnings ratio of 91.80, a price-to-earnings-growth 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 company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $300.31 and a 200-day moving average of $242.50.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. The company had revenue of $15.95 billion during 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 company's quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be given a $0.59 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of research reports. Mizuho raised their price objective on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday. Oppenheimer reiterated an "outperform" rating and issued a $360.00 price objective (up previously from $325.00) on shares of Broadcom in a report on Friday, September 5th. Piper Sandler raised their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Truist Financial raised their price target on shares of Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Argus raised their price target on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average 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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