Optima Capital LLC Takes Position in Broadcom Inc. $AVGO

Key Points

• Optima Capital LLC acquired a new stake in Broadcom Inc. by purchasing 1,197 shares valued at approximately $330,000 in the second quarter.
• Wall Street analysts recently upgraded Broadcom's stock, with some raising target prices significantly, contributing to a consensus rating of "Buy" and a target price of $356.48.
• Insider transactions included significant sales by CEO Hock E. Tan and other executives, with Hock E. Tan selling 148,154 shares worth nearly $50 million, resulting in a 15.21% decrease in their ownership.

Optima Capital 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 Securities & Exchange Commission. The institutional investor purchased 1,197 shares of the semiconductor manufacturer's stock, valued at approximately $330,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AVGO. Argent Capital Management LLC grew its stake in Broadcom by 0.3% during the second quarter. Argent Capital Management LLC now owns 379,526 shares of the semiconductor manufacturer's stock worth $104,616,000 after purchasing an additional 1,305 shares during the period. Crew Capital Management Ltd. grew its stake in Broadcom by 23.8% during the second quarter. Crew Capital Management Ltd. now owns 10,099 shares of the semiconductor manufacturer's stock worth $2,784,000 after purchasing an additional 1,940 shares during the period. Kooman & Associates acquired a new stake in Broadcom during the second quarter worth approximately $200,000. CHICAGO TRUST Co NA grew its stake in Broadcom by 0.5% during the second quarter. CHICAGO TRUST Co NA now owns 22,861 shares of the semiconductor manufacturer's stock worth $6,302,000 after purchasing an additional 125 shares during the period. Finally, Opal Wealth Advisors LLC grew its stake in Broadcom by 31.0% during the second quarter. Opal Wealth Advisors LLC now owns 2,748 shares of the semiconductor manufacturer's stock worth $757,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 76.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AVGO. Wall Street Zen raised Broadcom from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Oppenheimer reaffirmed an "outperform" rating and set a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research note on Friday, September 5th. Evercore ISI reaffirmed an "outperform" rating and set a $342.00 target price (up previously from $304.00) on shares of Broadcom in a research note on Thursday, September 4th. Redburn Atlantic assumed coverage on Broadcom in a report on Wednesday, May 28th. They issued a "buy" rating and a $301.00 price target on the stock. Finally, Arete Research upgraded Broadcom to a "strong-buy" rating in a report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $356.48.

Insider Buying and Selling

In other news, insider Mark David Brazeal sold 16,558 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $347.61, for a total value of $5,755,726.38. Following the transaction, the insider owned 329,302 shares in the company, valued at $114,468,668.22. This trade represents a 4.79% 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 hyperlink. 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 in the company, valued at $278,088,746.66. This represents a 15.21% decrease in their position. 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 197,274 shares valued at $67,044,814. Company insiders own 2.00% of the company's stock.

Broadcom Stock Up 0.1%

Shares of NASDAQ:AVGO opened at $339.31 on Thursday. The business's 50 day simple moving average is $311.64 and its two-hundred day simple moving average is $250.44. The firm has a market cap of $1.60 trillion, a P/E ratio of 86.56, a PEG ratio of 1.87 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. Broadcom Inc. has a 52-week low of $138.10 and a 52-week high of $374.23.

Broadcom (NASDAQ:AVGO - Get Free Report) last posted its earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 earnings per share for the quarter, beating 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 company had revenue of $15.95 billion for the quarter, compared to analyst estimates of $15.82 billion. During the same quarter last year, the company earned $1.24 earnings per share. The company's revenue for the quarter was up 22.0% on a year-over-year basis. Broadcom has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Broadcom Inc. will post 5.38 EPS for the current fiscal year.

Broadcom Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 22nd will be issued 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 is Monday, September 22nd. Broadcom's dividend payout ratio (DPR) is currently 60.20%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.