Hilltop National Bank Makes New Investment in Broadcom Inc. $AVGO

Key Points

• Hilltop National Bank has acquired a new stake of 15,110 shares in Broadcom Inc., valued at approximately $4.17 million, making it the 17th largest holding in their investment portfolio.
• Insider activity has been notable, with employees like Mark David Brazeal selling over 16,558 shares, reflecting a 4.79% decrease in their holdings.
• Analysts have adjusted Broadcom's price targets significantly upwards, with Wells Fargo and Argus setting new targets of $345.00 and $375.00, respectively, while maintaining a generally positive outlook on the stock.

Hilltop National Bank purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,110 shares of the semiconductor manufacturer's stock, valued at approximately $4,165,000. Broadcom makes up approximately 1.1% of Hilltop National Bank's investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds have also modified their holdings of the company. PARUS FINANCE UK Ltd grew its stake in shares of Broadcom by 175.3% during the 1st quarter. PARUS FINANCE UK Ltd now owns 100,578 shares of the semiconductor manufacturer's stock worth $16,840,000 after acquiring an additional 64,038 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Broadcom by 27.9% in the first quarter. Geneos Wealth Management Inc. now owns 64,130 shares of the semiconductor manufacturer's stock valued at $10,737,000 after purchasing an additional 13,978 shares in the last quarter. Asio Capital LLC grew its position in Broadcom by 2.0% in the second quarter. Asio Capital LLC now owns 54,459 shares of the semiconductor manufacturer's stock valued at $15,012,000 after purchasing an additional 1,089 shares in the last quarter. Keener Financial Planning LLC increased its stake in Broadcom by 34.8% in the 1st quarter. Keener Financial Planning LLC now owns 890 shares of the semiconductor manufacturer's stock valued at $149,000 after buying an additional 230 shares during the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of Broadcom by 5.6% during the 1st quarter. Diversify Wealth Management LLC now owns 38,016 shares of the semiconductor manufacturer's stock worth $6,365,000 after buying an additional 2,016 shares during the last quarter. 76.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Mark David Brazeal sold 16,558 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the completion of the sale, the insider directly owned 329,302 shares in the company, valued at $114,468,668.22. The trade was a 4.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kirsten M. Spears sold 7,498 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total value of $2,606,754.68. Following the transaction, the chief financial officer owned 313,330 shares in the company, valued at $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 acquired 3,550 shares of company stock valued at $1,227,869 and sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Broadcom from $255.00 to $345.00 and gave the company an "equal weight" rating in a research report on Friday, September 5th. Argus boosted their price target on Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. UBS Group increased their price objective on Broadcom from $290.00 to $345.00 and gave the company a "buy" rating in a report on Monday, August 25th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 target price for the company in a research note on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Broadcom currently has a consensus rating of "Buy" and an average price target of $357.22.

Broadcom Trading Down 0.9%

Shares of Broadcom stock opened at $335.49 on Tuesday. 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 business has a fifty day simple moving average of $319.25 and a two-hundred day simple moving average of $259.24. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23. The company has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.58, a P/E/G ratio of 1.87 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The firm had revenue of $15.95 billion for 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 period in the previous year, the company earned $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom's dividend payout ratio is currently 60.20%.

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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