Moseley Investment Management Inc. Increases Stake in Broadcom Inc. $AVGO

Key Points

• Moseley Investment Management Inc. has increased its stake in Broadcom Inc. by 3.1% during the second quarter, now owning 34,367 shares valued at approximately $9.47 million.
• Insider sales at Broadcom are notable, with Mark David Brazeal selling over 16,000 shares and Henry Samueli offloading about 368,000 shares, which has resulted in modest decreases in their respective ownership stakes.
• Broadcom reported strong quarterly earnings, with $1.69 EPS and revenue of $15.95 billion, beating analyst expectations and reflecting a 22% year-over-year increase in revenue.

Moseley Investment Management Inc. lifted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,367 shares of the semiconductor manufacturer's stock after purchasing an additional 1,020 shares during the period. Broadcom accounts for approximately 3.3% of Moseley Investment Management Inc.'s holdings, making the stock its 7th largest holding. Moseley Investment Management Inc.'s holdings in Broadcom were worth $9,473,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AVGO. Barnes Dennig Private Wealth Management LLC bought a new position in Broadcom during the first quarter worth about $25,000. Cheviot Value Management LLC bought a new position in Broadcom during the 1st quarter worth approximately $25,000. Inlight Wealth Management LLC bought a new position in Broadcom during the 1st quarter worth approximately $26,000. Sawyer & Company Inc boosted its stake in Broadcom by 62.1% during the 2nd 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 last quarter. Finally, Legend Financial Advisors Inc. bought a new position in shares of Broadcom during the second quarter worth $28,000. 76.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 value of $5,755,726.38. Following the transaction, the insider directly owned 329,302 shares of the company's stock, valued at $114,468,668.22. This represents a 4.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Henry Samueli sold 368,797 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $337.91, for a total transaction of $124,620,194.27. Following the completion of the transaction, the director directly owned 37,722,534 shares in the company, valued at $12,746,821,463.94. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 3,550 shares of company stock worth $1,227,869 and have sold 664,471 shares worth $225,184,128. Insiders own 2.00% of the company's stock.

Broadcom Stock Performance

AVGO opened at $351.33 on Thursday. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. The firm has a market capitalization of $1.66 trillion, a PE ratio of 89.63, a PEG ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The business's 50-day simple moving average is $325.83 and its 200 day simple moving average is $266.04.

Broadcom (NASDAQ:AVGO - Get Free Report) last issued its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.03. The company had revenue of $15.95 billion for the quarter, compared to analysts' expectations of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. Broadcom's quarterly 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. As a group, sell-side analysts expect that Broadcom Inc. will post 5.38 earnings per share for the current fiscal year.

Broadcom Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AVGO. Piper Sandler lifted their price target on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Rosenblatt Securities lifted their target price on Broadcom from $340.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, September 5th. Evercore ISI lifted their target price on Broadcom from $342.00 to $403.00 and gave the stock an "outperform" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Broadcom and gave the company a "buy" rating in a report on Tuesday. Finally, Argus lifted their price objective on Broadcom from $285.00 to $375.00 and gave the company a "buy" rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Broadcom currently has a consensus rating of "Buy" and a consensus price target of $372.33.

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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