Nicolet Bankshares Inc. Buys 1,021 Shares of Broadcom Inc. $AVGO

Key Points

• Nicolet Bankshares Inc. increased its stake in Broadcom Inc. by 51.7% in Q1, acquiring an additional 1,021 shares to reach a total of 2,995 shares worth approximately $501,000.
• Broadcom reported $1.58 earnings per share for the last quarter, exceeding analysts' expectations, and its revenue increased by 20.2% year-over-year to $15 billion.
• The company declared a quarterly dividend of $0.59 per share, reflecting an annualized payout of $2.36 and a yield of 0.8%.

Nicolet Bankshares Inc. boosted its stake in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 51.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,995 shares of the semiconductor manufacturer's stock after purchasing an additional 1,021 shares during the quarter. Nicolet Bankshares Inc.'s holdings in Broadcom were worth $501,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Waddell & Associates LLC raised its position in shares of Broadcom by 2.1% in the 1st quarter. Waddell & Associates LLC now owns 2,091 shares of the semiconductor manufacturer's stock valued at $350,000 after purchasing an additional 43 shares during the last quarter. True Wealth Design LLC lifted its holdings in shares of Broadcom by 7.2% in the 4th quarter. True Wealth Design LLC now owns 712 shares of the semiconductor manufacturer's stock valued at $165,000 after buying an additional 48 shares during the period. Martingale Asset Management L P increased its holdings in shares of Broadcom by 1.3% during the 1st quarter. Martingale Asset Management L P now owns 3,876 shares of the semiconductor manufacturer's stock valued at $649,000 after purchasing an additional 48 shares in the last quarter. Wescott Financial Advisory Group LLC raised its position in shares of Broadcom by 3.8% in the first quarter. Wescott Financial Advisory Group LLC now owns 1,326 shares of the semiconductor manufacturer's stock worth $222,000 after acquiring an additional 48 shares during the period. Finally, Fulton Breakefield Broenniman LLC grew its holdings in Broadcom by 2.4% in the first quarter. Fulton Breakefield Broenniman LLC now owns 2,130 shares of the semiconductor manufacturer's stock valued at $357,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Broadcom Trading Up 0.1%

Shares of AVGO stock opened at $294.23 on Tuesday. Broadcom Inc. has a fifty-two week low of $134.90 and a fifty-two week high of $317.35. The company has a quick ratio of 0.98, a current ratio of 1.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.38 trillion, a price-to-earnings ratio of 110.20, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The firm's 50 day moving average price is $283.69 and its two-hundred day moving average price is $232.83.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its earnings results on Thursday, June 5th. The semiconductor manufacturer reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.01. The business had revenue of $15 billion for the quarter, compared to analyst estimates of $14.98 billion. Broadcom had a return on equity of 35.49% and a net margin of 22.64%.The company's revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $10.96 earnings per share. Broadcom has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Broadcom Inc. will post 5.38 EPS for the current year.

Broadcom Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 20th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 20th. Broadcom's payout ratio is currently 88.39%.

Analyst Ratings Changes

Several research analysts recently weighed in on AVGO shares. KeyCorp upped their price target on shares of Broadcom from $315.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Evercore ISI restated an "outperform" rating and set a $304.00 price target (up previously from $267.00) on shares of Broadcom in a report on Friday, June 6th. Truist Financial set a $295.00 price objective on Broadcom and gave the company a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company raised their target price on shares of Broadcom from $230.00 to $255.00 and gave the company an "equal weight" rating in a report on Friday, June 6th. Finally, Piper Sandler increased their target price on shares of Broadcom from $300.00 to $315.00 and gave the company an "overweight" rating in a research report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $300.96.

Insider Activity

In related news, Director Justine Page sold 800 shares of the stock in a transaction dated 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 owned 23,782 shares in the company, valued at $7,312,013.72. This represents a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Hock E. Tan sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $268.29, for a total value of $10,731,600.00. Following the transaction, the chief executive officer directly owned 482,836 shares of the company's stock, valued at $129,540,070.44. This trade represents a 7.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 830,516 shares of company stock valued at $217,286,457 over the last three months. 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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