JSF Financial LLC Grows Stock Holdings in Broadcom Inc. $AVGO

Key Points

• JSF Financial LLC significantly increased its stake in Broadcom Inc. by 90.7%, now owning 3,448 shares valued at approximately $951,000.
• Broadcom's stock has received positive attention from analysts, with Macquarie initiating coverage and setting a price target of $420.00, while Mizuho raised its target from $355.00 to $410.00.
• Insider transactions showed substantial selling activity, with key insiders selling large numbers of shares, reflecting a 4.79% decrease in ownership for one insider after selling over $5.7 million worth of stock.

JSF Financial LLC increased its stake in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 90.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,448 shares of the semiconductor manufacturer's stock after purchasing an additional 1,640 shares during the period. JSF Financial LLC's holdings in Broadcom were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Merit Financial Group LLC raised its holdings in shares of Broadcom by 60.1% during the second quarter. Merit Financial Group LLC now owns 205,829 shares of the semiconductor manufacturer's stock valued at $56,737,000 after purchasing an additional 77,265 shares during the last quarter. Verus Wealth Management LLC raised its holdings in shares of Broadcom by 4.6% during the second quarter. Verus Wealth Management LLC now owns 1,621 shares of the semiconductor manufacturer's stock valued at $447,000 after purchasing an additional 71 shares during the last quarter. Kercheville Advisors LLC raised its holdings in shares of Broadcom by 157.0% during the second quarter. Kercheville Advisors LLC now owns 6,103 shares of the semiconductor manufacturer's stock valued at $1,682,000 after purchasing an additional 3,728 shares during the last quarter. Global Strategic Investment Solutions LLC raised its holdings in shares of Broadcom by 2.7% during the second quarter. Global Strategic Investment Solutions LLC now owns 3,396 shares of the semiconductor manufacturer's stock valued at $936,000 after purchasing an additional 89 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. raised its holdings in shares of Broadcom by 2.7% during the second quarter. Fortitude Advisory Group L.L.C. now owns 13,332 shares of the semiconductor manufacturer's stock valued at $3,675,000 after purchasing an additional 349 shares during the last quarter. 76.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AVGO shares. Macquarie started coverage on shares of Broadcom in a report on Monday, September 15th. They set an "outperform" rating and a $420.00 price objective for the company. Mizuho upped their target price on shares of Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Arete Research raised shares of Broadcom to a "strong-buy" rating in a report on Monday, July 28th. 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 report on Tuesday, June 24th. Finally, Hsbc Global Res raised shares of Broadcom from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Broadcom presently has an average rating of "Buy" and a consensus price target of $357.22.

Insider Transactions at Broadcom

In other news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction on Wednesday, September 17th. The shares were 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 of the company's stock, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charlie B. Kawwas sold 3,893 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 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 company insiders.

Broadcom Stock Performance

Shares of NASDAQ AVGO opened at $324.63 on Friday. The firm has a fifty day moving average price of $322.64 and a 200-day moving average price of $262.37. 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 stock has a market cap of $1.53 trillion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. Broadcom Inc. has a 1 year low of $138.10 and a 1 year high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) 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 net margin of 31.59% and a return on equity of 36.60%. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Dividend Announcement

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

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.