Kwmg LLC Makes New $216,000 Investment in Broadcom Inc. $AVGO

Key Points

• Kwmg LLC has made a new investment of approximately $216,000 in Broadcom Inc., acquiring 782 shares during the second quarter.
• Broadcom recently declared a quarterly dividend of $0.59 per share, with an annualized yield of 0.7%, scheduled for payment on September 30th.
• In its latest earnings report, Broadcom surpassed estimates with an EPS of $1.69, and revenue of $15.95 billion, representing a 22% increase year-over-year.

Kwmg LLC acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 782 shares of the semiconductor manufacturer's stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVGO. Barnes Dennig Private Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Cheviot Value Management LLC acquired a new position in Broadcom during the first quarter worth $25,000. Inlight Wealth Management LLC acquired a new position in Broadcom during the first quarter worth $26,000. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% during the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock worth $26,000 after buying an additional 36 shares during the last quarter. Finally, Wood Tarver Financial Group LLC lifted its stake in shares of Broadcom by 342.5% in the 1st quarter. Wood Tarver Financial Group LLC now owns 177 shares of the semiconductor manufacturer's stock valued at $30,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Price Performance

AVGO stock opened at $339.31 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.37 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $1.60 trillion, a PE ratio of 86.56, a P/E/G ratio of 1.87 and a beta of 1.16. Broadcom Inc. has a 12-month low of $138.10 and a 12-month high of $374.23. The business's fifty day moving average price is $311.64 and its 200 day moving average price is $250.44.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted 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. The firm had revenue of $15.95 billion for the quarter, compared to the consensus estimate of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, September 22nd. This represents a $2.36 annualized dividend and a yield of 0.7%. Broadcom's dividend payout ratio is 60.20%.

Insider Activity at Broadcom

In other Broadcom news, CFO Kirsten M. Spears sold 7,498 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the sale, the chief financial officer owned 313,330 shares in the company, valued at $108,932,307.80. This represents a 2.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Justine Page sold 800 shares of the company's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $360.00, for a total value of $288,000.00. Following the sale, the director owned 22,982 shares in the company, valued at approximately $8,273,520. This trade represents a 3.36% 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 worth $1,227,869 and have sold 197,274 shares worth $67,044,814. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AVGO shares. Redburn Atlantic started coverage on Broadcom in a research note on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target on the stock. Morgan Stanley upped their price target on Broadcom from $338.00 to $357.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $300.00 price target on shares of Broadcom in a research note on Friday, June 6th. Argus upped their price target on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Finally, KeyCorp upped their price target on Broadcom from $330.00 to $400.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Broadcom presently has a consensus rating of "Buy" and an average price target of $356.48.

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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