Halter Ferguson Financial Inc. Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Halter Ferguson Financial Inc. recently purchased 1,101 shares of Broadcom Inc., valued at about $303,000, which represents 0.1% of its investment portfolio.
• Insider selling took place with CFO Kirsten M. Spears selling 7,498 shares for approximately $2.61 million, and insider Charlie B. Kawwas selling 3,893 shares for approximately $1.35 million.
• Broadcom announced a quarterly dividend of $0.59 per share with a yield of 0.7%, set to be paid on September 30th.

Halter Ferguson Financial Inc. bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,101 shares of the semiconductor manufacturer's stock, valued at approximately $303,000. Broadcom makes up about 0.1% of Halter Ferguson Financial Inc.'s investment portfolio, making the stock its 25th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sawyer & Company Inc boosted its position in shares of Broadcom by 62.1% in the 2nd quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares in the last quarter. Waddell & Associates LLC boosted its position 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 worth $350,000 after buying an additional 43 shares in the last quarter. Luts & Greenleigh Group Inc. boosted its position in shares of Broadcom by 1.3% in the 2nd quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock worth $939,000 after buying an additional 44 shares in the last quarter. Challenger Wealth Management boosted its position 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 worth $587,000 after buying an additional 45 shares in the last quarter. Finally, High Net Worth Advisory Group LLC boosted its position in shares of Broadcom by 1.7% in the 2nd quarter. High Net Worth Advisory Group LLC now owns 2,671 shares of the semiconductor manufacturer's stock worth $736,000 after buying an additional 45 shares in the last quarter. 76.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In other news, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 313,330 shares in the company, valued at approximately $108,932,307.80. This represents a 2.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the sale, the insider directly owned 25,295 shares of the company's stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 714,172 shares worth $204,311,160. 2.00% of the stock is owned by insiders.

Broadcom Stock Down 1.8%

NASDAQ AVGO opened at $338.79 on Tuesday. The stock has a market cap of $1.60 trillion, a PE ratio of 86.43, a P/E/G ratio of 1.91 and a beta of 1.16. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The business has a 50 day moving average price of $309.32 and a two-hundred day moving average price of $249.20. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 0.86.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly 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 firm had revenue of $15.95 billion during the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Upgrades and Downgrades

AVGO has been the topic of several recent research reports. Barclays boosted their price objective on shares of Broadcom from $265.00 to $400.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. KeyCorp boosted their target price on shares of Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Morgan Stanley boosted their target price on shares of Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Erste Group Bank raised shares of Broadcom from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Finally, Mizuho boosted their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $356.48.

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.

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