Integrity Alliance LLC. Has $11.74 Million Stake in Broadcom Inc. $AVGO

Key Points

• Integrity Alliance LLC increased its holdings in Broadcom Inc. by 914.4%, acquiring an additional 63,187 shares during the first quarter, bringing its total to 70,097 shares worth approximately $11.7 million.
• Several institutional investors, including Barnes Dennig Private Wealth Management and Cheviot Value Management, have also made new investments in Broadcom, highlighting increasing interest in the stock.
• Analysts have raised their price targets for Broadcom, with Bank of America increasing its target from $300 to $400 and assigning a "buy" rating, while the average target price is now $351.92.

Integrity Alliance LLC. lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 914.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,097 shares of the semiconductor manufacturer's stock after acquiring an additional 63,187 shares during the quarter. Integrity Alliance LLC.'s holdings in Broadcom were worth $11,736,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Broadcom in the 1st quarter valued at approximately $25,000. Cheviot Value Management LLC purchased a new stake in shares of Broadcom in the 1st quarter valued at approximately $25,000. Inlight Wealth Management LLC purchased a new stake in shares of Broadcom in the 1st quarter valued at approximately $26,000. Sunbeam Capital Management LLC purchased a new stake in shares of Broadcom in the 4th quarter valued at approximately $28,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in shares of Broadcom in the 4th quarter valued at approximately $30,000. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insiders Place Their Bets

In related news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total value of $125,739,356.34. Following the transaction, the director directly owned 38,188,575 shares in the company, valued at approximately $10,132,574,604.75. This trade represents a 1.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark David Brazeal sold 50,000 shares of the firm's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $253.28, for a total transaction of $12,664,000.00. Following the completion of the transaction, the insider owned 415,956 shares in the company, valued at $105,353,335.68. The trade was a 10.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 850,912 shares worth $234,854,489. 2.00% of the stock is owned by corporate insiders.

Broadcom Stock Up 0.1%

Shares of AVGO traded up $0.24 during mid-day trading on Friday, hitting $359.87. 31,929,014 shares of the company's stock were exchanged, compared to its average volume of 26,328,018. The firm has a fifty day moving average of $298.61 and a two-hundred day moving average of $240.90. Broadcom Inc. has a twelve month low of $138.10 and a twelve month high of $374.23. The stock has a market cap of $1.69 trillion, a price-to-earnings ratio of 91.80, a P/E/G ratio of 2.04 and a beta of 1.16. 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 announced its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, topping the consensus estimate of $1.66 by $0.03. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter in the prior year, the business posted $1.24 EPS. Broadcom's quarterly revenue was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

The company 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 is Monday, September 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Wall Street Analyst Weigh In

AVGO has been the subject of a number of research analyst reports. Redburn Atlantic initiated coverage on shares of Broadcom in a research report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 target price for the company. Susquehanna increased their target price on shares of Broadcom from $280.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, June 6th. Hsbc Global Res upgraded shares of Broadcom from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 24th. Wall Street Zen upgraded shares of Broadcom from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Finally, Barclays increased their target price 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. Three equities 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 stock. According to data from MarketBeat, Broadcom has a consensus rating of "Buy" and an average price target of $354.04.

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.