Matthew Goff Investment Advisor LLC Purchases Shares of 16,090 Broadcom Inc. $AVGO

Key Points

• Matthew Goff Investment Advisor LLC made a significant investment in Broadcom Inc. by acquiring 16,090 shares valued at approximately $4.43 million during the second quarter.
• Broadcom reported a 22% increase in revenue year-over-year for the last quarter, reaching $15.95 billion, and exceeded EPS estimates with a reported $1.69.
• The company declared a quarterly dividend of $0.59 per share, representing a dividend yield of 0.7%, to be paid at the end of September.

Matthew Goff Investment Advisor LLC purchased a new stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 16,090 shares of the semiconductor manufacturer's stock, valued at approximately $4,435,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Broadcom during the first quarter worth approximately $25,000. Cheviot Value Management LLC bought a new stake in Broadcom in the first quarter valued at $25,000. Inlight Wealth Management LLC bought a new stake in Broadcom in the first quarter valued at $26,000. Sawyer & Company Inc grew its position in Broadcom by 62.1% in the second quarter. Sawyer & Company Inc now owns 94 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 36 shares during the period. Finally, Sunbeam Capital Management LLC bought a new stake in shares of Broadcom during the fourth quarter worth $28,000. 76.43% of the stock is currently owned by institutional investors and hedge funds.

Broadcom Stock Down 0.0%

Shares of NASDAQ AVGO traded down $0.12 during mid-day trading on Tuesday, reaching $338.67. 10,082,009 shares of the company's stock were exchanged, compared to its average volume of 26,376,787. The firm has a market capitalization of $1.60 trillion, a price-to-earnings ratio of 86.59, a PEG ratio of 1.91 and a beta of 1.16. 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 business has a fifty day simple moving average of $309.32 and a 200 day simple moving average of $249.20. Broadcom Inc. has a twelve month low of $138.10 and a twelve month 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 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.Broadcom's revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 earnings per share. Broadcom has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 dividend on an annualized basis and a dividend yield of 0.7%. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Analysts Set New Price Targets

Several brokerages have recently commented on AVGO. Piper Sandler increased their target price on Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. KeyCorp increased their target price on Broadcom from $330.00 to $400.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Citigroup upped their price target on Broadcom from $315.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Finally, Mizuho upped their price target on Broadcom from $355.00 to $410.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $356.48.

Insider Buying and Selling at Broadcom

In other Broadcom news, Director Henry Samueli sold 473,898 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $265.33, for a total value of $125,739,356.34. Following the completion of the transaction, the director directly owned 38,188,575 shares in the company, valued at $10,132,574,604.75. This trade represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Hock E. Tan sold 148,154 shares of the firm's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $336.67, for a total value of $49,879,007.18. Following the completion of the transaction, the chief executive officer owned 825,998 shares of the company's stock, valued at approximately $278,088,746.66. This represents a 15.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 3,550 shares of company stock valued at $1,227,869 and sold 714,172 shares valued at $204,311,160. Corporate insiders own 2.00% of the company's stock.

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.