Krilogy Financial LLC Purchases 8,468 Shares of Broadcom Inc. $AVGO

Key Points

• Krilogy Financial LLC increased its stake in Broadcom Inc. by 42.8%, acquiring an additional 8,468 shares, bringing its total holdings to 28,259 shares valued at approximately $7.79 million.
• Broadcom reported earnings of $1.69 per share for the last quarter, exceeding expectations, with revenues reaching $15.95 billion, marking a 22.0% year-over-year increase.
• The company announced a quarterly dividend of $0.59 per share, reflecting an annualized yield of 0.7%, with the ex-dividend date set for September 22nd.

Krilogy Financial LLC lifted its position in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 42.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,259 shares of the semiconductor manufacturer's stock after buying an additional 8,468 shares during the period. Krilogy Financial LLC's holdings in Broadcom were worth $7,790,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AVGO. Vanguard Group Inc. lifted its holdings in shares of Broadcom by 0.4% during the first quarter. Vanguard Group Inc. now owns 477,220,137 shares of the semiconductor manufacturer's stock valued at $79,900,968,000 after purchasing an additional 2,085,534 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Broadcom by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 65,509,579 shares of the semiconductor manufacturer's stock worth $10,968,270,000 after buying an additional 17,985,046 shares during the last quarter. Nuveen LLC bought a new position in Broadcom during the 1st quarter valued at about $6,649,117,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Broadcom by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 35,243,467 shares of the semiconductor manufacturer's stock valued at $5,900,814,000 after acquiring an additional 842,088 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Broadcom by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,401,379 shares of the semiconductor manufacturer's stock worth $7,975,616,000 after acquiring an additional 581,704 shares during the period. Hedge funds and other institutional investors own 76.43% of the company's stock.

Insider Activity

In other Broadcom news, CFO Kirsten M. Spears sold 36,350 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $261.27, for a total transaction of $9,497,164.50. Following the completion of the transaction, the chief financial officer owned 325,587 shares in the company, valued at $85,066,115.49. This trade represents a 10.04% 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 Broadcom stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $253.28, for a total value of $12,664,000.00. Following the completion of the sale, the insider directly owned 415,956 shares in the company, valued at approximately $105,353,335.68. The trade was a 10.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 3,550 shares of company stock valued at $1,227,869 and have sold 793,802 shares valued at $220,478,166. 2.00% of the stock is currently owned by company insiders.

Broadcom Trading Down 1.1%

AVGO stock opened at $360.00 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.50 and a quick ratio of 1.37. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The business has a 50 day simple moving average of $303.88 and a two-hundred day simple moving average of $244.46. The company has a market capitalization of $1.70 trillion, a price-to-earnings ratio of 91.84, a PEG ratio of 2.01 and a beta of 1.16.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. During the same quarter last year, the business posted $1.24 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. Research analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on AVGO shares. Argus increased their price objective on shares of Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Piper Sandler increased their price target on Broadcom from $315.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Morgan Stanley lifted their price objective on Broadcom from $338.00 to $357.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Arete Research upgraded Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $340.00 target price on shares of Broadcom in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus target price of $356.48.

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.

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.