Harbor Investment Advisory LLC Buys 2,973 Shares of Broadcom Inc. $AVGO

Key Points

• Harbor Investment Advisory LLC increased its stake in Broadcom Inc. by 12.1%, acquiring an additional 2,973 shares, bringing its total holdings to 27,607 shares valued at about $7.61 million.
• Broadcom's CEO, Hock E. Tan, sold 148,154 shares for a total of $49.88 million, indicating a 15.21% decrease in his ownership of the stock, while a director increased their stake by purchasing 500 shares.
• Broadcom announced a quarterly dividend of $0.59 per share, set to be paid on September 30, representing an annual yield of 0.7% with a dividend payout ratio of 60.20%.

Harbor Investment Advisory LLC increased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 12.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,607 shares of the semiconductor manufacturer's stock after buying an additional 2,973 shares during the period. Broadcom accounts for approximately 0.6% of Harbor Investment Advisory LLC's portfolio, making the stock its 27th largest holding. Harbor Investment Advisory LLC's holdings in Broadcom were worth $7,610,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AVGO. Nuveen LLC bought a new stake in Broadcom during the first quarter valued at $6,649,117,000. Price T Rowe Associates Inc. MD boosted its stake in Broadcom by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock valued at $10,968,270,000 after buying an additional 17,985,046 shares during the period. GAMMA Investing LLC boosted its stake in Broadcom by 18,179.3% during the first quarter. GAMMA Investing LLC now owns 17,276,164 shares of the semiconductor manufacturer's stock valued at $2,892,548,000 after buying an additional 17,181,652 shares during the period. Goldman Sachs Group Inc. boosted its stake in Broadcom by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 31,854,414 shares of the semiconductor manufacturer's stock valued at $5,333,384,000 after buying an additional 4,550,647 shares during the period. Finally, Deutsche Bank AG boosted its stake in Broadcom by 36.9% during the first quarter. Deutsche Bank AG now owns 15,758,895 shares of the semiconductor manufacturer's stock valued at $2,638,512,000 after buying an additional 4,245,345 shares during the period. Institutional investors own 76.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Hock E. Tan sold 148,154 shares of the firm's stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $336.67, for a total value of $49,879,007.18. Following the sale, the chief executive officer directly owned 825,998 shares of the company's stock, valued at $278,088,746.66. This trade represents a 15.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Harry L. You bought 500 shares of the business's stock in a transaction that occurred on Wednesday, September 10th. The stock was acquired at an average cost of $363.38 per share, for a total transaction of $181,690.00. Following the completion of the purchase, the director directly owned 35,602 shares of the company's stock, valued at $12,937,054.76. The trade was a 1.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 850,912 shares valued at $234,854,489. Company insiders own 2.00% of the company's stock.

Broadcom Stock Up 0.1%

AVGO opened at $359.87 on Friday. The company has a market cap of $1.69 trillion, a P/E ratio of 91.80, a P/E/G ratio of 1.99 and a beta of 1.16. The business's 50-day moving average price is $300.31 and its 200-day moving average price is $241.98. 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 12 month low of $138.10 and a 12 month high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its 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 company had revenue of $15.95 billion for 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% on a year-over-year basis. During the same period last year, the firm earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 22nd will be paid a $0.59 dividend. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AVGO. Bank of America lifted their price objective on Broadcom from $300.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Piper Sandler raised their price target on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft raised their price target on Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Citigroup raised their price target on Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Finally, Oppenheimer restated an "outperform" rating and set a $360.00 price target (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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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