Lynch & Associates IN Buys Shares of 3,436 Broadcom Inc. $AVGO

Key Points

• Lynch & Associates IN has purchased 3,436 shares of Broadcom Inc. (NASDAQ: AVGO), valued at approximately $947,000, indicating a growing interest among institutional investors in the semiconductor company.
• Broadcom reported a 22.0% year-over-year increase in revenue for the latest quarter, posting $1.69 earnings per share, which exceeded expectations.
• The company recently declared a quarterly dividend of $0.59 per share with a yield of 0.7%, reflecting its ongoing commitment to returning value to shareholders.

Lynch & Associates IN acquired a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,436 shares of the semiconductor manufacturer's stock, valued at approximately $947,000.

A number of other large investors also recently modified their holdings of AVGO. Brighton Jones LLC raised its stake in shares of Broadcom by 21.8% in the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Broadcom by 10.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock valued at $1,854,000 after acquiring an additional 756 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Broadcom by 20.5% in the first quarter. Central Pacific Bank Trust Division now owns 25,260 shares of the semiconductor manufacturer's stock worth $4,229,000 after buying an additional 4,305 shares during the last quarter. Baring Financial LLC purchased a new position in shares of Broadcom in the first quarter valued at $213,000. Finally, Moody National Bank Trust Division grew its position in shares of Broadcom by 2.3% in the first quarter. Moody National Bank Trust Division now owns 60,320 shares of the semiconductor manufacturer's stock valued at $10,099,000 after purchasing an additional 1,333 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Price Performance

NASDAQ AVGO opened at $334.53 on Friday. The business's fifty day moving average price is $313.66 and its 200-day moving average price is $252.49. The stock has a market capitalization of $1.58 trillion, a price-to-earnings ratio of 85.34, a PEG ratio of 1.86 and a beta of 1.16. 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.

Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share 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 analysts' expectations of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The company's revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts predict that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI reiterated an "outperform" rating and issued a $342.00 price objective (up previously from $304.00) on shares of Broadcom in a report on Thursday, September 4th. Macquarie started coverage on Broadcom in a report on Monday, September 15th. They set an "outperform" rating and a $420.00 target price on the stock. Benchmark upped their target price on Broadcom from $315.00 to $385.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Truist Financial boosted their price target on Broadcom from $295.00 to $365.00 and gave the stock a "buy" rating in a research report on Friday, September 5th. Finally, Cowen reissued a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $356.48.

Insider Transactions at Broadcom

In other news, CEO Hock E. Tan sold 100,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the sale, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This represents a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Henry Samueli sold 368,797 shares of the company's stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $337.91, for a total value of $124,620,194.27. Following the completion of the sale, the director owned 37,722,534 shares of the company's stock, valued at $12,746,821,463.94. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders bought 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company's stock.

About Broadcom

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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