OLD Second National Bank of Aurora Has $15.75 Million Stake in Broadcom Inc. $AVGO

Key Points

• OLD Second National Bank of Aurora reduced its holdings in Broadcom Inc. by 3.1% in the second quarter, now owning 57,121 shares valued at approximately $15.75 million.
• The company recently announced a quarterly dividend of $0.59 per share, with a dividend yield of 0.7%.
• Broadcom reported a 22.0% year-over-year increase in revenue, totaling $15.95 billion, exceeding analyst expectations.

OLD Second National Bank of Aurora decreased its holdings in Broadcom Inc. (NASDAQ:AVGO - Free Report) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,121 shares of the semiconductor manufacturer's stock after selling 1,835 shares during the quarter. Broadcom comprises approximately 3.4% of OLD Second National Bank of Aurora's portfolio, making the stock its 5th biggest position. OLD Second National Bank of Aurora's holdings in Broadcom were worth $15,745,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AVGO. Brighton Jones LLC increased its position in shares of Broadcom by 21.8% during the fourth quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer's stock valued at $6,882,000 after buying an additional 5,322 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Broadcom by 10.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer's stock worth $1,854,000 after buying an additional 756 shares during the period. PFW Advisors LLC boosted its position in Broadcom by 4.9% during the 1st quarter. PFW Advisors LLC now owns 5,546 shares of the semiconductor manufacturer's stock valued at $929,000 after acquiring an additional 257 shares in the last quarter. Abacus Planning Group Inc. grew its holdings in shares of Broadcom by 36.5% during the 1st quarter. Abacus Planning Group Inc. now owns 3,588 shares of the semiconductor manufacturer's stock worth $601,000 after acquiring an additional 959 shares during the period. Finally, Sherman Asset Management Inc. purchased a new position in shares of Broadcom during the 1st quarter worth approximately $3,985,000. 76.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $347.82, for a total value of $1,354,063.26. Following the transaction, the insider owned 25,295 shares of the company's stock, valued at approximately $8,798,106.90. This represents a 13.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hock E. Tan sold 100,000 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $339.58, for a total value of $33,958,000.00. Following the completion of the transaction, the chief executive officer directly owned 725,638 shares in the company, valued at $246,412,152.04. The trade was a 12.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 3,550 shares of company stock valued at $1,227,869 and have sold 666,071 shares valued at $225,623,008. 2.00% of the stock is currently owned by insiders.

Broadcom Trading Down 0.9%

Shares of NASDAQ AVGO opened at $335.49 on Tuesday. The firm's 50 day moving average price is $319.25 and its 200-day moving average price is $259.24. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23. 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 company has a market cap of $1.58 trillion, a PE ratio of 85.58, a P/E/G ratio of 1.87 and a beta of 1.20.

Broadcom (NASDAQ:AVGO - Get Free Report) last announced its quarterly earnings data 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 net margin of 31.59% and a return on equity of 36.60%. The company had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. During the same period in the previous year, the business earned $1.24 EPS. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

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

Analyst Ratings Changes

Several research firms recently weighed in on AVGO. Barclays lifted their price target on Broadcom from $265.00 to $400.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Broadcom from $325.00 to $400.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Argus upped their target price on shares of Broadcom from $285.00 to $375.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. HSBC raised shares of Broadcom from a "hold" rating to a "buy" rating and set a $400.00 price target for the company in a research report on Tuesday, June 24th. Finally, Piper Sandler upped their price objective on shares of Broadcom from $315.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $357.22.

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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