Marotta Asset Management Invests $221,000 in Broadcom Inc. $AVGO

Key Points

• Marotta Asset Management invested approximately $221,000 in Broadcom Inc. ($AVGO) by purchasing 803 shares during the second quarter.
• Several institutional investors, including Sunbeam Capital Management and Vermillion Wealth Management, also added new positions in Broadcom, indicating growing interest in the semiconductor manufacturer.
• Broadcom announced a quarterly dividend of $0.59, with a dividend yield of 0.7%, highlighting its commitment to returning value to shareholders.

Marotta Asset Management purchased a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 803 shares of the semiconductor manufacturer's stock, valued at approximately $221,000.

Other large investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC purchased a new position in shares of Broadcom during the 4th quarter worth about $28,000. Vermillion Wealth Management Inc. purchased a new position in shares of Broadcom during the 4th quarter worth about $30,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth about $25,000. Cheviot Value Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth about $25,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Broadcom during the 1st quarter worth about $26,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Broadcom

In related news, Director Henry Samueli sold 473,898 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $265.33, for a total transaction of $125,739,356.34. Following the completion of the sale, the director owned 38,188,575 shares of the company's stock, valued at $10,132,574,604.75. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Justine Page sold 800 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $307.46, for a total transaction of $245,968.00. Following the sale, the director directly owned 23,782 shares of the company's stock, valued at $7,312,013.72. The trade was a 3.25% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 3,550 shares of company stock worth $1,227,869 and have sold 850,912 shares worth $234,854,489. 2.00% of the stock is currently owned by company insiders.

Broadcom Price Performance

Shares of AVGO opened at $359.87 on Friday. The company has a 50 day moving average price of $300.31 and a 200-day moving average price of $241.98. Broadcom Inc. has a fifty-two week low of $138.10 and a fifty-two week high of $374.23. The stock has a market capitalization of $1.69 trillion, a PE ratio of 91.80, a PEG ratio of 1.99 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50.

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

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be given a $0.59 dividend. 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 presently 60.20%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Broadcom from $255.00 to $345.00 and gave the stock an "equal weight" rating in a research note on Friday, September 5th. Cowen reissued a "buy" rating on shares of Broadcom in a research report on Friday, June 6th. Argus boosted 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. Arete Research raised shares of Broadcom to a "strong-buy" rating in a research report on Monday, July 28th. Finally, Benchmark boosted their price objective on shares of Broadcom from $315.00 to $385.00 and gave the company a "buy" rating in a research report on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.

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