Haverford Trust Co Buys 897 Shares of Broadcom Inc. $AVGO

Key Points

• Haverford Trust Co increased its stake in Broadcom Inc. by 4.2%, acquiring an additional 897 shares, bringing its total holdings to 22,312 shares valued at approximately $3.736 million.
• Institutional investors own over 76% of Broadcom's stock, with several firms, including Barnes Dennig Private Wealth Management and Cheviot Value Management, recently purchasing new positions.
• Broadcom's latest earnings report indicated a growth in revenue of 20.2% year-over-year, with earnings per share of $1.58, beating analyst expectations.

Haverford Trust Co raised its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,312 shares of the semiconductor manufacturer's stock after buying an additional 897 shares during the period. Haverford Trust Co's holdings in Broadcom were worth $3,736,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter worth $25,000. Cheviot Value Management LLC bought a new position in shares of Broadcom in the 1st quarter worth $25,000. Inlight Wealth Management LLC bought a new position in shares of Broadcom in the 1st quarter worth $26,000. Sunbeam Capital Management LLC bought a new position in shares of Broadcom in the 4th quarter worth $28,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Broadcom in the 4th quarter worth $30,000. Institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In other Broadcom news, Director Justine Page sold 800 shares of the firm's 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 sale, the director owned 23,782 shares of the company's stock, valued at $7,312,013.72. This trade represents a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gayla J. Delly sold 3,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $265.13, for a total transaction of $795,390.00. Following the completion of the sale, the director directly owned 33,352 shares in the company, valued at approximately $8,842,615.76. This trade represents a 8.25% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 830,516 shares of company stock worth $217,286,457. 2.00% of the stock is currently owned by insiders.

Broadcom Price Performance

Shares of Broadcom stock opened at $294.00 on Friday. The firm has a market cap of $1.38 trillion, a PE ratio of 110.11, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. Broadcom Inc. has a 12-month low of $134.90 and a 12-month high of $317.35. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The company's fifty day simple moving average is $282.85 and its two-hundred day simple moving average is $232.34.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a net margin of 22.64% and a return on equity of 35.49%. The company's revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm earned $10.96 EPS. Broadcom has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 20th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's dividend payout ratio (DPR) is 88.39%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AVGO shares. Rosenblatt Securities increased their target price on shares of Broadcom from $223.00 to $340.00 and gave the company a "buy" rating in a report on Friday, June 6th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 target price on shares of Broadcom in a report on Friday, June 6th. Seaport Res Ptn raised shares of Broadcom to a "strong-buy" rating in a report on Wednesday, April 30th. Benchmark increased their target price on shares of Broadcom from $255.00 to $315.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Broadcom from $250.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $298.67.

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.

Want to see what other hedge funds are holding AVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadcom Inc. (NASDAQ:AVGO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.