Midwest Financial Group LLC Has $808,000 Holdings in Broadcom Inc. $AVGO

Key Points

• Midwest Financial Group LLC increased its holdings in Broadcom Inc. by 34.2%, now possessing 2,932 shares worth $808,000 as of the latest SEC filing.
• Broadcom has received positive analyst ratings, with price targets raised by several firms, including a boost to $400 from Rosenblatt Securities, contributing to its average buy rating.
• The company recently declared a quarterly dividend of $0.59 per share, representing a 0.7% yield with a payout ratio of 60.20%.

Midwest Financial Group LLC boosted its holdings in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) by 34.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,932 shares of the semiconductor manufacturer's stock after buying an additional 747 shares during the quarter. Midwest Financial Group LLC's holdings in Broadcom were worth $808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Sawyer & Company Inc boosted its holdings in shares of 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 acquiring an additional 36 shares during the period. PFS Partners LLC boosted its holdings in shares of Broadcom by 38.4% during the second quarter. PFS Partners LLC now owns 137 shares of the semiconductor manufacturer's stock worth $38,000 after acquiring an additional 38 shares during the period. Waddell & Associates LLC boosted its holdings in shares of Broadcom by 2.1% during the first quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock worth $350,000 after acquiring an additional 43 shares during the period. Luts & Greenleigh Group Inc. boosted its holdings in shares of Broadcom by 1.3% during the second quarter. Luts & Greenleigh Group Inc. now owns 3,405 shares of the semiconductor manufacturer's stock worth $939,000 after acquiring an additional 44 shares during the period. Finally, Challenger Wealth Management boosted its holdings in shares of Broadcom by 1.3% during the first quarter. Challenger Wealth Management now owns 3,504 shares of the semiconductor manufacturer's stock worth $587,000 after acquiring an additional 45 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Analyst Upgrades and Downgrades

AVGO has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Broadcom from $290.00 to $345.00 and gave the stock a "buy" rating in a report on Monday, August 25th. The Goldman Sachs Group restated a "buy" rating and set a $340.00 price objective on shares of Broadcom in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price target on Broadcom from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Arete Research upgraded Broadcom to a "strong-buy" rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities boosted their price target on Broadcom from $340.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $357.22.

Broadcom Stock Performance

Shares of Broadcom stock opened at $338.37 on Friday. 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 50-day moving average price of $318.43 and a two-hundred day moving average price of $257.77. Broadcom Inc. has a 1-year low of $138.10 and a 1-year high of $374.23. The company has a market cap of $1.60 trillion, a P/E ratio of 86.32, a PEG ratio of 1.87 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.03. Broadcom had a return on equity of 36.60% and a net margin of 31.59%.The firm had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.82 billion. During the same period last year, the business posted $1.24 EPS. The business's revenue was up 22.0% compared to the same quarter last year. Broadcom has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is presently 60.20%.

Insider Activity

In other news, insider Mark David Brazeal sold 16,558 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.61, for a total transaction of $5,755,726.38. Following the transaction, the insider owned 329,302 shares of the company's stock, valued at $114,468,668.22. This represents a 4.79% decrease in their position. 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 100,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total transaction of $33,958,000.00. Following the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. This trade represents a 12.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. 2.00% of the stock is currently owned by insiders.

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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